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Kohala Coast Real Estate News

Mauna Lani Resort Real Estate Market Update Q3 2016

October 4th, 2016 11:12 PM by Korby Matsen



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, a Spa and Fitness Center and two luxury hotels. The Shops at Mauna Lani provide plenty of shopping and restaurants choices,including Tommy Bahamas and Ruth's Chris Steakhouse.  And, of course, the world-class, white sand beaches await your discovering..

View all homes for sale in the Mauna Lani Resort by visiting the Home Search Page.

Find out what your Mauna Lani Home is worth by visiting the Home Valuation Page.

 

At the time of this writing (Oct 2nd), there were 13 homes and 68 condos for sale in the Mauna Lani Resort. Of the homes for sale, the highest priced one is listed at $18,950,000, and is located at 68-1029 Pauoa Way in the Pauoa Beach subdivision, while the most expensive condo on the market is listed at $2,975,000 and is located in Mauna Lani Resorts newest development, the Residences at Laulea, Unit #13-B1.  At the other end of the spectrum, the lowest priced home on the market is actually a listing of Hawaii Luxury Real Estate. It is Ka Milo #219, located in Ka Milo at Mauna Lani, and is listed at the great price of $1,499,000. On the condo side, the lowest priced one currently on the market is listed at the $499,000. It is #D-21, in the Palm Villas at Mauna Lani.

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 2016 through September 2016 there were 6 homes sold in the Mauna Lani Resort, while 16 condos were sold. Of the 6 homes that sold, the highest priced one is located at Nohea at Mauna Lani #10 and it sold for $2,900,000, from a listed price of $2,975. While the lowest priced home to sell was Ka Milo at Mauna Lani #207. It sold for $1,530,000, from a listed price of $1,624,500. The highest priced of the 16 condos sold in Q3 was the Villages Mauna Lani #429,  and had a sale price of  $1,700,000, from a listed price of $1,845,000, while the condo with the lowest sales price went for $559,000, from a listed price of $589,000 and is Unit #E22 in the Golf Villas at Mauna Lani.

Analysis: Sales of homes and condos in the Mauna Lani Resort remains slow, but steady.  The volume of sales has not been enough to absorb the amount of homes on the market at a reasonable pace, making for the continuation of a Buyer’s Market. As we head into the busy selling season, and with the Federal Election soon to be in the rear view mirror, there is hope that Buyers will have more confidence in the market and sales will pick up.

If you are looking to buy or sell a home in the Mauna Lani Resort, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams come true. To read more Market Updates on the different areas of the Kohala Coast, visit my Market Update Page.

Mahalo

Highlights of the Mauna Lani Q3 2016 Market Update 

  • Number of homes currently for sale – 13
  • Number of condos currently for sale – 68
  • Highest priced home currently for sale – $18,950,000 68-1029 Pauoa Way, in Pauoa Beach
  • Highest priced condo currently for sale - $2,975,000 Residences at Laulea #13-B1
  • Lowest priced home currently for sale – $1,499,000 Ka Milo at Mauna Lani #219
  • Lowest priced condo currently for sale - $499,000 Palm Villas at Mauna Lani #D-21
  • Number of homes sold in Q3 (July – Sept) – 6
  • Number of condos sold in Q3 (July – Sept) – 16
  • Highest priced home sold in Q3 – $2,900,000 – Nohea at Mauna Lani #10
  • Highest priced condo sold in Q3 - $1,700,000 Villages at Mauna Lani Point #429
  • Lowest priced home sold in Q3 –$1,530,000 Ka Milo at Mauna Lani #207
  • Lowest priced condo sold in Q3 - $559,000 Golf Villas at Mauna Lani #E22

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