Mauna Lani condos have been steadily selling over the past 18 months except at the Islands, where that will soon change!
As I continually chart the trends throughout the resorts along the Kohala Coastline from Hualalai to Mauna Kea, the price range is the major factor to the activity level. For the first half of our â€œrecoveryâ€ during 2010, the lower priced condos in Waikoloa Beach Resort were the hottest selling condos moving, especially the Halii Kai, Kolea, and Waikoloa Colony Villas.
As the lower price range ($300K-$400K) was depleted, the next step up ($400K-$600K) kicked into full swing over the winter months in both Waikoloa Beach Resort and Mauna Lani with Halii Kai and Kolea again leading the pack in number of sales.Â Next to sell were the Golf Villas, Kulalani, and Fairways at Mauna Lani once the â€œvalue pricedâ€ units in Kolea and Halii Kai sold.
Ka Milo sold their remaining inventory, as did Kulalani, leaving the Islands as the obvious (to me anyway) next to sell as there are currently lower priced units in the Islands than at the Villages at Mauna Lani, which is the closest priced competitor. There have been only three sales in the past 18 months in the Islands, one of which I am boastful to take credit for, as it was the lowest priced three bedroom since 11/4/1997, where a price recorded reflects $695,000.
As a buyer’s broker, I represent my buyer clients in my efforts to get the best price possibleâ€¦and of course, asÂ a sellerâ€™s agentâ€¦my goal is to obtain the highest price possible in the shortest amount of time all the while keeping an eye on the market conditions and trends.
Living and loving the resort life!