Saturday, 16 December 2017

Mauna Lani Resort Market Update for Q3 2017

Written by Posted On Tuesday, 17 October 2017 23:27

Mauna Lani is a beautiful resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort covers over 3,200 acres and contains 15 separate neighborhoods. From private oceanfront homes to secluded condos, there is something for every discerning buyer.  The Mauna Lani Resort offers its residents two Championship Golf Courses, the Mauna Lani Beach Club and a Spa and Fitness Center.

Shops at Mauna Lani

 

Also within the resort are two luxury hotels, the Mauna Lani Bay Hotel and the Fairmont Orchid Hotel. Both hotels offer a variety of activities and dining options. The Shops at Mauna Lani  also provide plenty of restaurants choices, including Tommy Bahamas’ and Ruth’s Chris Steakhouse, as well as a variety of shopping options, and of course, the world-class, white sand beaches await your discovery.

 

 

View all homes for sale in the Mauna Lani Resort. Instantly find out what your Mauna Lani Home is worth. Discover how my Vacation Rental Management Program can save you $1,000’s

Villages at Mauna Lani

 

At the time of this writing (Oct 2nd), there were 17 homes and 44 condos for sale and 2 in escrow in the Mauna Lani Resort. Of the homes for sale, the highest priced one is listed at $7,690,000, and is located at 68-1052 Pauoa Way in the Pauoa Beach subdivision, while the most expensive condo on the market is listed at $3,155,000 and is located in Mauna Lani Resorts newest development, the Residences at Laulea, Unit #13B1.  At the other end of the spectrum, the lowest priced home on the market is a tie between two homes, both located in Ka Milo at Mauna Lani. They are Units 212 & 219, and are both listed at the price of $1,475,000. On the condo side, the lowest priced one currently on the market is listed at the $475,000. It is #D-21, in the Palm Villas at Mauna Lani.

 

 

Mauna Lani Point

When it comes to sales in 3rd Quarter, the number of condos sold was, as usual, quite higher than the number of homes sold. In the Q3 time frame of July 2017 through September 2017 there were just 3 homes sold in the Mauna Lani Resort, while 17 condos were sold. Of the 3 homes that sold, the highest priced one is also located at the Residences at Laulea, Unit #9A2, and it sold for $3,775,000, from a list price of the same amount. While the lowest priced home to sell was the Villages at Mauna Lani #722. It sold for $1,762,000, from a list price of $1,799,000. The highest priced of the 17 condos sold in Q3 was Na Hale at Pauoa Beach #5,  and had a sale price of  $3,325,000, from a list price of the same amount, while the condo with the lowest sales price went for $432,000, from a list price of $459,000 and is Unit #C-21 in the Palm Villas at Mauna Lani.

 

Analysis: Sales of single homes have remained slow in the Mauna Lani Resort but sales of condos have been a little better and steadier.  The volume of sales in the condo segment has been gradually reducing the amount of inventory to the point where we are on the verge of reaching a balanced market (6 month supply). The single family home segment continues to overwhelming be in a Buyer’s Market.

If you are looking to buy or sell a home in the Mauna Lani Resort, or are looking to save money on your Vacation Rental Management fees, contact me today. I will help make your Hawaiian Real Estate dreams a reality. Market Updates for other areas of the Kohala Coast can be found on the Market Update Page of my website. Mahalo

Highlights of the Q3 2017 Mauna Lani Market Update 

  • Number of homes currently for sale – 17
  • Number of homes currently in escrow - 2
  • Number of condos currently for sale – 44
  • Number of condos currently in escrow - 19
  • Highest priced home currently for sale – $7,690,000 68-1052 Pauoa Way, in Pauoa Beach
  • Highest priced condo currently for sale - $3,150,000 Residences at Laulea #13B1
  • Lowest priced home currently for sale – $1,475,000 Ka Milo at Mauna Lani #219 & #212
  • Lowest priced condo currently for sale - $475,000 Palm Villas at Mauna Lani #D-21
  • Number of homes sold in Q3 (July – Sept) – 3
  • Number of condos sold in Q3 (July – Sept) – 17
  • Highest priced home sold in Q3 – $3,775,000 – Residences at Laulea #9A2
  • Highest priced condo sold in Q3 - $3,325,000 Na Hale #5 at Pauoa Beach
  • Lowest priced home sold in Q3 –$1,762,000 Villages at Mauna Lani #722
  • Lowest priced condo sold in Q3 - $432,000 Palm Villas at Mauna Lani #C-21

If you enjoyed this update, you may like Kohala Coast Market Update for August 2017.

First published at www.ViewHawaai LuxuryHomes.com/MarketUpdates

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Korby Matsen

Korby Matsen is a REALTOR® Broker with Hawaii Luxury Real Estate located on the Big Island of Hawaii.

He was born and raised in the beautiful city of Vancouver Canada and moved to Austin Texas in 1998 during a corporate merger in the semiconductor distribution industry. Having been an active Real Estate Investor since 2003, he decided that in 2007, after 20 years in semiconductor distribution, he would take the passion and experience he gained as an investor and turn it into full-time career in Real Estate Sales. Since then, Korby has helped many clients fulfill dreams of home ownership, as well as helping others to sell their homes and move on to new stages in their lives.

After many trips to Hawaii over the years, Korby decided to combine his love for Hawaii with his passion for real estate, and in 2014 made the permanent move from Texas to the Big Island of Hawaii  His time as a Real Estate Investor and in Sales has given him an understanding of his client's needs and expectations, expertise with the entire home buying process, as well as knowledge of the real estate business cycles, both nationally and locally. His clients have called him professional, patient and knowledgeable, and he looks forward to using those skills to make your real estate dreams come true.

www.viewhawaiiluxuryhomes.com

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