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September 3rd, 2018 3:27 PM by Korby Matsen RB-21643
Mauna Kea Resort is a beautiful 1,839 acre resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort contains two world class hotels, the Mauna Kea Beach Hotel and the Hapuna Beach Resort. These hotels are located along some of the most pristine white sand beaches in all of Hawaii.
The luxurious homes located in Mauna Kea Resort are second to none, with everything from private oceanfront estates to condos with sweeping ocean views. The Mauna Kea Resort also offers its resident’s access to two Championship Golf Courses, the Seaside Tennis Club, a Fitness Center, and the Mauna Kea Spa. Some of the many restaurants include Number 3, the Hua Tree Lanai, the Copper Terrace, Clambake and the Manta & Pavilion Wine Bar.
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At the time of this writing (Aug. 29th), there were 12 homes for sale and none in escrow in the Mauna Kea Resort, with 5 condos for sale and 2 in escrow. Of the homes for sale, the highest priced one on the market has recently been reduced to $12,900,000, and is located at 62-3692 Kiekiena Pl, in the Bluffs at Mauna Kea subdivision, while the highest priced condo on the market is listed at $3,500,000 and is Unit #5B in the Halia Hale at Kaunoa community. At the other end of the spectrum, the lowest priced home for sale in Mauna Kea Resort is located at 62-3996 Moani Pikake Ct, in Moani Heights and is listed at $1,995,000, while the lowest priced condo on the market is priced at $1,199,000 and is Unit J202 in Waiulaula at Mauna Kea.
Sales volume has remined at a brisk pace in the Mauna Kea Resort, with 5 homes and 9 condos being sold in the 2nd Quarter of 2018. In this time from April 2018 through June 2018 the highest priced home sold is located at 62-3735 Kaunaoa Nui Rd, in the Kaunoa Subdivision and sold for $6,900,000 from a list price of $7,900,000. The lowest priced home sold for $2,150,000 from a list price of $2,195,000 and is located at 62-3998 Moani Pikake Ct, in Moani Heights. In the condo market, the highest priced condo to sell during the 2nd Quarter sold for $4,475,000 from a list price of $4,900,000 and is Unit #29 in the Villas at Mauna Kea Resort, while the lowest priced condo sold for $750,000 from a list price of $799,000 and is Unit #J4 at Kumulani at the Uplands at Mauna Kea.
Analysis: After a slow start to 2018, the sales volume in Q2 in the Mauna Kea Resort is back up to the 2017 levels. The inventory for condos has reduced to just a two-month supply, putting us firmly in a Sellers’ Market and single-family homes are residing in a balanced market, considered to be about a six months’ supply.
If you are looking to buy or sell a home in the Mauna Kea Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams come true. Mahalo
Highlights of the Q2 2018 Mauna Kea Market Update
If you enjoyed this update, you might like Kohala Market Update for July 2018.