Economics 101: Low inventory draws out new listings at Waikoloa Colony Villas
By Beth Thoma Robinson, R(B) SFR - Hawaii Island Luxury Resort Real Estate
(Hawaii Life Real Estate Brokers Big Island)
Back in September I got a call from a couple who were renting at Waikoloa Colony Villas. They were loving it and wanted to see condos for sale there. We spent a productive day viewing the ample attractively priced options, and they left for home armed with information about how to submit an offer long-distance. In the almost-four months since their visit, six Colony Villas condos have sold and seven more are under contract! The sold prices range from a low of $237,900 for the smaller of the two 2-bedroom models, and a "high" of only $305,000 for the 3-bedroom floorplan. At these prices, less than half what the sellers paid, there is strong demand for this project. All of these are spacious townhomes. Amenities include two swimming pools, tennis courts, and a fitness room. The develo...
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