Riding the Waves of History: Waikoloa Beach Condo Sales Over the Years

Riding the Waves of History: Waikoloa Beach Condo Sales Over the Years

The allure of Waikoloa Beach, with its stunning landscapes and year-round sunshine, has long been a beacon for real estate investors seeking their own slice of paradise. In this blog post, we’ll take a journey through time to explore the historical sales of Waikoloa Beach condos, highlighting key trends and milestones along the way.

Waikoloa Beach Condos, a Tried-and-True Favorite

One consistent pattern that emerges from historical data is that demand for Waikoloa Beach condos tends to move in harmony. Several factors contribute to this phenomenon, including Waikoloa’s status as a world-class destination, its enviable year-round weather, modern amenities, reliable returns on investment, and relatively lower price points compared to other Hawaiian hotspots like Poipu on Kauai and Kaanapali, Kapalua, and Wailea on Maui.

The Great Recession

The 2007-2009 financial crisis created unfortunate timing for the initial buyers of Halii Kai, Kolea and Waikoloa Beach Villas condos, as construction for these complexes were completed in the midst of the housing market meltdown. Those who were fortunate to weather the storm and remain committed to their investments experienced favorable returns in the years that followed.

Decade-Long Appreciation

Over the past decade, Waikoloa Beach has seen remarkable appreciation in condo prices. Lower-priced condos in communities like Waikoloa Colony Villas, Fairway Villas, and Shores at Waikoloa have tripled in value. Even during the COVID-19 housing run-up, these condos experienced appreciable gains. The lowest performer, Kolea, still recorded an impressive 70% increase in appreciation since 2019.

Approaching $1,000,000

Through October 2023, the combined median sales price for a Waikoloa Beach condo stands at an impressive $947,250, flat year over year. While it may take a few years given the overall housing market’s recent cooling, it remains likely the median sales price of a condo in Waikoloa Beach could reach the $1 million mark in the coming years.

Looking Ahead: A Cooling Trend

As we head into the new year there are indications of a slight cooling in condo prices. This trend is expected to continue as affordability remains a concern, and softer visitor demand puts pressure on the vacation rental market. It’s important to note that this cooling is part of a natural market cycle, and it does not diminish the long-term appeal of Waikoloa Beach condos as an investment opportunity.

Overall, the historical sales of Waikoloa Beach condos reflect a fascinating journey through the ups and downs of the real estate market. With the median sales price remaining near all-time highs and a track record of impressive appreciation, Waikoloa Beach remains an attractive destination for investors and those looking for a home in Hawaii. While the market is encountering some headwinds, the enduring charm of Waikoloa’s landscapes, amenities, and investment potential will continue to draw individuals seeking their own piece of paradise.

To learn more about the condos mentioned above, visit the following pages:

Join The Discussion

Compare listings


Call or Text Me for Expert Real Estate Advice!