Set within the iconic 1,839 acre Mauna Kea Resort on the Kohala Coast, the Mauna Kea Residences offer a range of luxury two- to seven-bedroom residences. Owners can join the Club at Mauna Kea which allows access to the resort’s two white sand beaches as well as the many resort and hotel amenities including the swimming pools, fitness centers, Seaside Tennis Club, two championship golf courses, spa and dining. The resort offers a range of real estate options, including homes, townhomes, condominiums and vacant land, with the lowest density of any other resort on the Kohala Coast.
DID YOU KNOW?
Since this month's community event is about the Hawaiian Slack Key Guitar Festival, this cultural byte centers on the slack-key guitar or, in Hawaiian, kī hōʻalu, which means "loosen the [tuning] key"). It is a fingerstyle genre of guitar music that originated in Hawai`i after Portuguese cowboys introduced Spanish guitars here in the late 19th century. Hawaiians did not embrace the tuning of the traditional Spanish guitars they encountered. They re-tuned the guitars to sound a chord (now called an "open tuning") and developed their own style of playing, not using a flat pick, but plucking the strings. Slack-key guitar was adapted to accompany the rhythms of the hula and the harmonic structures of Hawaiian music. The New York Times described the music as "liquid, rippling, and hypnotic". Today, the slack key guitar and its artisans are recognized around the world.
AUGUST 2022 STATS
Sales of two homes were 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; the average price per square foot was $1,665.
There were no condominium sales in Mauna Kea Resort in the month of August.
2021 YEAR END MARKET STATS
There were eight home sales in Mauna Kea Resort in 2021, with Sale Prices ranging from $1.795M to $18.532M. The average number of days on market was 83 with the Sale to Current Price averaging at 95.2%. The price per square foot ranged from $713 to $3,221.
Condominium sales were lively with 48 sales closing in 2021. Sale Prices ranged from $1.03M to $8.99M with the average days on market at 65. The Sale to Current Price averaged at 99.6% and the price per square foot ranged from $604 to $2,660.
REAL ESTATE TIP
MAUNA KEA EVENTS
September celebrates the 25th Annual Hawaiian Slack Key Guitar Festival - Kona Style - on Sunday, September 18, 2022 in the beautiful ballroom of the Outrigger Kona Resort & Spa in Keauhou, HI from 1:00 PM - 5:00 PM. Bring your friends and family and enjoy 4 hours of great music by 12 of Hawaii's finest artists in the genre. For more information visit https://www.facebook.com/Slackkeyfestivals
Mauna Kea Real Estate
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Statistics provided courtesy of Hawai'i Information Service.