Colony Villas & Waikoloa Beach Resort Overview
Colony Villas: February brought two closed sales and four new listings to the Colony Villas. This represents a slight increase in closed sales and a larger increase in new listings year to date compared with 2014. Units #1805 and #2302 both closed, see the February Market Dashboard for the sale prices. The four new listings include two units on the golf course (one of these units being a foreclosure listed at $374,900), one located next to the tennis courts and one overlooking the 2nd pool. One unit (#1603) went into escrow in February, the details of that sale will be available for the March Market Dashboard.
Waikoloa Beach: The Waikoloa Beach Resort in its entirety is seeing the same number of closed sales year to date as compared to 2014. With that, there has been an increase in the number of units in inventory and a higher number of days on market. Keep in mind that looking at these figures in a smaller targeted area and at such a micro level can paint a picture of extreme swings from month to month. In reality, comparing this year to last, the number of sales is staying steady and the median home price is increasing.