After averaging one sale a month for the past year Hualalai Resort saw 6 properties sell this past month. Perhaps the luxury buyer is taking its profits from the recent stock market gains and putting them into real estate.
Just two months ago two Hualalai Luxury Homes were forced into foreclosure and sold at auction. Bad news for the Seller but good news for Buyers. A new price point has been set and it looks like Buyers like it. All kinds of properties are selling; two condominium units, a vacant lot and three beautiful homes.
The lowest price paid was $1,550,000 for a three bed/ three bath condo. It had been priced at $2,250,000. That’s more than 30% off of the asking price. The highest was $10,500,000 for a 3 bedroom, 3 1/2 bath home. The asking price was just a bit higher at $10,900,000.
Speaking of change at the Four Season’s Hualalai I had the pleasure of joining friends for dinner at the Four Season’s recently transformed Beach Tree Restaurant. The location can’t be beat. Right on the sand at Ka’upulehu. They have brought in two new chef’s from Italy. Amazing Gnocchi, friendly servers, and front row seats for sunset. Buy a home here and this could be your neighborhood place.