A Look at Kolea Real Estate in 2010
While the real estate market across the United States has continued to struggle, Kolea at Waikoloa Beach Resort has seen a steady increase in sales over the course of the last two years. Along with Kolea being the premiere vacation rental complex at Waikoloa Beach Resort, attractive pricing has made these beautiful villas a “must buy” during this struggling economy.
In 2009 there were six sales. Most of the sales were either foreclosures, short sales, or villas priced low. In 2010 there were eleven sales with multiple contracts in escrow at the end of the year. Although most of them were still short sales and foreclosures, there was a slight increase in the sales price.
Looking forward, Kolea should contiune to see an increase in interest in sales. Being the only beachfront vacation rental community at Waikoloa Beach Resort helps make it the most desireable place to own investment property on the Big Island of Hawaii.