Condominium sales remained steady in May; Mauna Lani Resort led the way with nine closings, followed by Waikoloa Beach Resort (7), Kohanaiki (3) and Hualālai Resort (2). There were six home sales in the resort neighorhoods, 3 in Kohanaiki and single sales in Kona Hills, Hualālai, Mauna Lani and Mauna Kea resorts. Days on the market remain low.
Kohanaiki
Single Family Homes – Three home sales closed at Kohanaiki during the month of May. Prices ranged from $7,249,716 to $7,912,265 and averaged at 103.80% of Sale/Current Price. The homes spent an average of 28 days on the market and the average land/building price per square foot was $2,706.
Condominium Sales – Three condominium sales were recorded at Kohanaiki during the month of May. Prices ranged from $4.7M to $6.4M, averaging 95.87% of the Sale/Current Price. The units spent an average of 13 days on the market and the average price per square foot was $2,133.
Kūki`o
Single Family Homes – There were no home sales in March, April or May, below are stats for February.
Condominium – There were no condo sales in January through May, below are end-of-year stats for 2023.
Hualālai Resort
Single Family Homes – There was one home sale in Hualālai Resort in May for 100% of the Sale/Current price or $11.5M. The home was on the market for zero days and the price per square foot (land/building) was $2,703.
Condominium Sales – Two condo sales closed in Hualālai Resort in May after an average of 4 days on the market. The units brought 99.15% of the Sale/Current price or an average price of $4,503,500. The average price per square foot was $2,314.
Waikoloa Beach Resort
Single Family Homes – There were no single-family home sales in Waikoloa Beach Resort January through May. The last recorded single family home sale was in April 2022, which is shown below.
Condominium Sales – Condominium sales in Waikoloa Beach Resort continued to be strong with seven closings in May. The transactions ranged in price from $955,000 to $3.1M, or an average of 98.19% of the Sale/Current Price. The units were on the market an average of 6 days, with the price per square foot averaging $949.
Mauna Lani Resort
Single Family Homes – One home sale closed in Mauna Lani Resort in May for $4.1M, 94.2% of the Sale/Current Price, after 38 days on the market. The price per square foot (land/building) was $1,463.
Condominium Sales – Mauna Lani Resort led in condominium sales, with nine units closing in the month of May. Prices ranged from $1.29M to $3.6M, bringing an average of 98.76% of the Sale/Current price. The units averaged 55 days on the market, with an average cost per square foot of $1,267.
Mauna Kea Resort
Single Family Homes – Mauna Kea Resort recorded a single home sale in May for $5.1 M, or an average of 95.3% of the Sale/Current price. The home was on the market for 37 days and the price per square foot was $1,692.
Condos – Mauna Kea Resort had no recorded condo sales in May, below are the statistics for April.
Kona Hills Estates and Hualālai Vistas
Hualālai Vistas:
There were no home sales in March or April, below are the stats for February.
Kona Hills:
Kona Hills recorded one home sale in May for $2.3M or $94.8 of the Sale/Current Price. The home was on the market for 177 days and the price per square foot (land/building) was $953.
Statistics provided courtesy of Hawai`i Information Service
