Set on the Kohala coast at the base of five mountains, this exclusive 3,200-acre resort provides a tranquil oasis with ocean views and surrounded by native fauna. The resort features two 18-hole top-rated golf courses, the CanoeHouse, SurfShack, and full range of sport and cultural activities. The Mauna Lani resort offers one of the largest selections of private oceanfront and mountain facing residences along with golf course condominiums. KaMilo, the newest Mauna Lani Resort development, is modeled after the laid-back atmosphere of an old Hawaiian village and includes single-family and paired resort homes. The Nohea at Mauna Lani also offers private custom homes and sites and rare, easy access to the award-winning amenities of the Mauna Lani Resort.
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
There were no home sales recorded in the month of August.
The sale of two condominiums closed in August after an average of 28 days on market. The units sold at an average of 101.9% of Sale to Current Price with one closing at $1.375M and the second at $2.025M. The price per square foot averaged $993.
2021 YEAR END MARKET STATS
Sales of single family homes in Mauna Lani ended the year at 21, with the Sale Prices ranging from $425,000 to $17.9M. Days on market averaged at 208 and the average Sale to Current Price was 95%. Price per square foot ranged from $230 to $2,835.
2021 Condominium sales in Mauna Lani Resort were outstanding with 110 sales recorded. The Sale Prices ranged from $590,000 to $4.35M and the average number of days on market was 68. The Sale to Current Price average was 99.4%, with prices per square foot ranging from $399 to $1,937.
REAL ESTATE TIP
MAUNA LANI 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 Lani Real Estate
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Statistics provided courtesy of Hawai'i Information Service.