The 1,350 acre master planned Waikoloa Beach Resort is located on the Kohala Coast and features two luxury resort hotels (The Waikole Beach Marriott and the Hilton Waikoloa Village) and two 18-hole golf courses to which residential owners are welcome to apply. In addition to the wide range of hotel and resort amenities, Waikoloa features two shopping centers, The Queens’ Marketplace and Kings’ Shops, and over 30 different dining options. The resort offers a wide range of accommodation options, including the Lava Lava Beach Club Cottages, and multiple condominium developments including Fairway Villas, Hali i Kai, Kolea, Shores at Waikoloa, Vista Waikoloa, Waikoloa Beach Villas, and Colony Villas.
DID YOU KNOW?
Since this month's community event is about the Hawaiian Slack Key Guitar Festival, this cultural byte centers on the slack-key guitar or, in Hawaiian, kī hōʻalu, which means "loosen the [tuning] key"). It is a fingerstyle genre of guitar music that originated in Hawai`i after Portuguese cowboys introduced Spanish guitars here in the late 19th century. Hawaiians did not embrace the tuning of the traditional Spanish guitars they encountered. They re-tuned the guitars to sound a chord (now called an "open tuning") and developed their own style of playing, not using a flat pick, but plucking the strings. Slack-key guitar was adapted to accompany the rhythms of the hula and the harmonic structures of Hawaiian music. The New York Times described the music as "liquid, rippling, and hypnotic". Today, the slack key guitar and its artisans are recognized around the world.
AUGUST 2022 STATS
Three condominium sales were recorded in August with prices ranging from $925,000 to $2.249M. The units averaged 11 days on the market, closing at 98.3% of their Sale to Current Price. The price per square foot for these units averaged at $1,220.
2021 YEAR END MARKET STATS
Six homes sold in Waikoloa Beach Resort in 2021 with List Prices ranging from $1.399M to $6.795M. The average number of days on the market was 102 and the homes brought an average of 97.1% on Sale to Current Price. The price per square foot ranged from $686 to $1,327.
There were 131 sales of condominiums in Waikoloa Beach Resort, with Sale Prices ranging from $363,00 to $1.9M. These units were on the market for an average of 56 days and the Sale to Current Price averaged at 100.1%. Price per square foot ranged from $389 to $1,148.
REAL ESTATE TIP
September celebrates the 25th Annual Hawaiian Slack Key Guitar Festival - Kona Style - on Sunday, September 18, 2022 in the beautiful ballroom of the Outrigger Kona Resort & Spa in Keauhou, HI from 1:00 PM - 5:00 PM. Bring your friends and family and enjoy 4 hours of great music by 12 of Hawaii's finest artists in the genre. For more information visit https://www.facebook.com/Slackkeyfestivals
Waikoloa Beach Resort
Waikoloa Beach Resort Real Estate
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Statistics provided courtesy of Hawai'i Information Service.