Hualālai Resort Pending and Contingent Properties
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ABOUT
Located on the Kona-Kohala Coast, this 865-acre, Five-Star Four Seasons property features pristine white sand beaches and a black-lava landscape. The master-planned residential community includes access to the resort’s Hualalai Club which includes the 18-hole, Jack Niklaus-signature championship golf course, tennis, watersports, as well as the resort’s world-class dining and spa. The community features single family estate homes, condominiums/villas and vacant estate lots.
DID YOU KNOW?
While we now live by the Western world’s calendar, such was not always the case in Hawai`i. Mahina, the moon, was the goddess who kept time for the Hawaiian. Mahina was more important to everyday life than the sun or the stars. It was the duty of certain priests trained as astronomers to keep the annual calendar and watch the moon. A proper planting season for the farmer depended upon the time as announced by the priest/astronomer. The bird catcher, the canoe builder, and many other craftsmen depended upon the astronomer’s announcement of the correct Mahina. (Taylor) The rising and the setting of the moon marked a day for the Hawaiian, only he did not call the time a day, he called it a night. The appearance of the new moon and the death of the old moon marked the month for the Hawaiian. Twelve such moons made a year for him. Traditional month names are Ka‘elo, Kaulua, Nana, Welo, Ikiiki, Ka‘aona, Hina‘ia‘ele‘ele, Mahoe Mua, Mahoe Hope, Ikua, Welehu and Makali‘i. The names of the months varied on each Island and within moku (districts) on each island, a result of the different methods the priest/astronomerd used to calculate days and months. Hawaiians divided the year into two seasons: Ka‘u, or Summer, when it was dry and hot (beginning in May when the Pleiades set at sunrise). The other part of the year was Ho‘oilo (beginning in October), when it was rainy and chilly. (Handy, Handy & Pukui). There were six months in Ka‘u and six in Ho‘oilo.
DECEMBER 2024 STATS
Two home sales closed in Hualālai Resort in December. The residences spent an average of 21 days on the market and sold for 98.15% of the Sale/Current price or $10.775M. The price per square foot for the land/building averaged $3,272.
There were no condo sales in the months of November and December, 2024. One condominium sale was recorded at Hualālai Resort in October for 106.80% of the Sale/Current price or $3.58M. The unit was on the market for three days and the price per square foot was $1,884.
2023 YEAR END MARKET STATS
Seven residences sold in Hualālai Resort in 2023. Prices ranged from $6.1M to $21M, with an average sales price of $12,885,714.29, or 93.83% of Sale/Current Price. The homes averaged just 14 days on the market and average price per square foot, land/building, was $2,815.
Sales on 13 condominiums closed at Hualālai in 2023, with prices ranging from $3.813M to $8.3M; the average sales price was $5,188,923.08. The units spent an average of 1 day on the market, commanding an average of 100.25% of Sale/Current Price. Per square foot prices averaged out at $1,802.
REAL ESTATE TIP
The State of Real Estate
Last month was our annual gathering of the Keller Williams family. Our convention is called Family Reunion and this year it was in Las Vegas at the...
EVENTS
The PGA TOUR Champions golf tournament, the Mitsubishi Electric Championship at Hualālai, will take place from January 16–18, 2025 at Hualālai Golf Club. This tournament marks the start of the 2025 PGA TOUR Champions season. Tickets will be available for purchase at the Spectator Village admissions gate (credit card only). Tickets cost USD $30 per day, or if you plan on attending multiple days you can save money by purchasing a 3-day pass for $60. Tickets are not available for purchase online in advance and include free parking on-site at the resort and a free shuttle to the Spectator Village. If you are interested in volunteering for the event, visit https://events.r2it.com/volunteer/mitsubishi/2025/
Location
Hualalai Resort
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Statistics provided courtesy of Hawai'i Information Service.