For the first month in over a year single family home sales in the resort communities that we follow were almost equal to condominium sales with six single family home sales and seven condo sales. Condo sales are considerably lower than previous months as the market shifts, but the sale of six single family homes is promising.
Kohanaiki
Single Family Homes – One home sale was recorded in the month of August at 106.1% of the Sale to Current price. The home, which closed at $8.272M, was on the market for zero days. The price per square foot was $2,137.
Condominium Sales – There were no sales in August, below is the summary from July.
Kūki`o
Single Family Homes – Kūki`o recorded the sale of one home at $11M, 100% of the Sales to Current Price. The home spent zero days on the market and it price per square foot was $2,798.
Hualālai Resort
Single Family Homes – One single family home closed in the month of August at 100% of the Sales to Current Price – $16.7M. It spent zero days on the market; the price per square foot was $3,048.
Condominium Sales – Two condominiums sold in the month of August, both at 100% of the Sales to Current Price. They averaged one day on the market, with one closing at $7.5M and the other at $8M. The average price per square foot was $2,632.
Waikoloa Beach Resort
Condominium Sales – Three condominium sales were recorded in August with prices ranging from $975,000 to $2.249M. The units averaged 11 days on the market, closing at 98.3% of their Sale to Current Price. The price per square foot for these units averaged at $1,220.
Mauna Lani Resort
Single Family Homes – There were no single family home sales recorded in the month of August. Below is a summary of the first six months of 2022.
Condominium Sales – The sale of two condominiums closed in August after an average of 28 days on market. The units sold at an average of 103.8% of Sale to Current Price with one closing at $1.375M and the second at $2.025M. Price per square foot averaged $993.
Mauna Kea Resort
Single Family Homes – Sales of two homes recorded in the month of August at an average of 98.1% of the Sale to Current Price. The homes spent an average of 234 days on market; prices ranged from $6.995M to $15.05M; average price per square foot was $1,665.
Condos – There were no condominium sales in Mauna Kea Resort in the month of August. Below is a summary of the first six months of 2022.
Kona Hills/Hualālai Vistas
Single Family Homes– A single home sale recorded in Hualālai Vistas. On the market for 0 days, the home brought 100.2% of the Sale to Current Price at $1.993M. Price per square foot was $819.
There were no home sales in Kona Hills, below is a summary of the first six months of 2022.
All statistics provided courtesy of Hawai`i Information Service
