First Quarter 2019 Sales statistics
Sales statistics for the first quarter of 2019 reveal a relatively “flat” market compared to this same period in 2018 for the South Kohala area. Condominium unit volume is down 5% in South Kohala where most sales are condominiums centered within the 3 major resorts with the majority of transactions occurring in the Waikoloa Village and Waikoloa Beach Resort. You can deduce the area where these sales are occurring using the average sales price of $470k as your guide. There are no condominiums for sale in the South Kohala area for sale except in the Waikoloa Village and Waikoloa Beach Resort in this general price range.
The number of home sales in South Kohala are also down YOY. This could be because of a lack of inventory. Using the average sales price of $593,000 you can also pin point the majority of transactions occurring in Waikoloa Village. Homes have appreciated faster than condominiums in the post recession years between 2012 - present so it could be it’s time for condominiums to catch up. The last time the a...
