June Home Sales in Waikoloa Village Very Slow – Short Sales and REOs Favored

June home sales in Waikoloa Village were far from sizzling with just four sales recorded last month. As I recently noted, June condo sales in Waikoloa Village were also very slow with just 2 condo sales last month. In looking at June home sales numbers, it’s clear the problem was with homes as well as condos.

This beautiful kitchen is from the highest priced home in escrow (MLS# 238502), one of 19 homes in escrow

Waikoloa Village home sales showed a continuing buyer preference for deals under $300,000 that were either REOs or short sales. Of the four sales last month, three were distressed sales for $225,000 or less. The fourth sale was for a home at $330,000.

Here’s a quick look at last month’s sales:

• 68-3715 Kimo Nui Street, 3 bed/2 bath, 1,372 sq. ft., sold for $207,000
• 68-3503 Aepo Place, 3 bed/2.5 bath, 1,152 sq. ft., sold for $211,500
• 68-1807 Hooko St., 3 bed/2 bath, 1,152 sq. ft., sold for $225,000
• 68-1788 Auhili Loop, 5 bed/3 bath, 1,740 sq. ft., sold for $330,000

There was a large amount of activity for new homes coming onto market with 14 new listings being introduced in Waikoloa Village, and there was also a healthy amount of activity for homes going into escrow with 10 homes being picked up by potential buyers. I’ll be back next month to look at July sales.

I love the Big Island! Aloha.