Quick Answer: In November 2024, luxury real estate sales on the Kona-Kohala Coast were limited in volume but strong in pricing. Mauna Lani Resort led condominium activity with four closings and one home sale. Hualālai Resort recorded a significant single-family home sale at $17.5 million, while Waikoloa Beach Resort reported three condominium transactions.
Key Takeaways: Navigating the Kona-Kohala Coast Luxury Market in a Quiet Month
- Sparse Transactions, Strong Values: Although overall sales volume was lower, achieved prices remained robust, indicating continued demand for premium properties.
- Condos Led Activity: Mauna Lani Resort and Waikoloa Beach Resort condominiums accounted for most transactions, offering a range of price points for luxury buyers.
- Hualālai’s Enduring Appeal: A single $17.5 million home sale highlights the sustained strength of this exclusive community.
- Quality Over Quantity: In lower-volume months, property condition, location, and pricing strategy play an even greater role.
- Local Market Nuances Matter: Resort-specific performance can differ significantly from broader market trends.
Understanding a Lower-Volume Luxury Market
In high-end resort communities such as the Kona-Kohala Coast, monthly transaction counts can fluctuate due to limited inventory and the unique nature of each property. A slower month does not necessarily indicate market weakness. Instead, it often reflects the selective and bespoke nature of luxury real estate transactions.
November 2024 demonstrated that while sales were concentrated in specific communities, pricing remained strong across closed transactions.
Should Lower Sales Volume Be a Concern?
Quick Answer: Not necessarily. In a low-inventory luxury market, fewer transactions often reflect limited available properties rather than declining demand.
For example, while several resort communities recorded no single-family home sales in November, the homes that did sell achieved premium pricing. Hualālai Resort recorded a home sale at $17,500,000, and Mauna Lani Resort saw a home close at $10,500,000. These figures reinforce continued buyer willingness to pay for high-quality, well-located properties.
Condominium Performance in November 2024
Quick Answer: Mauna Lani Resort led the market with four condominium sales ranging from $1,900,000 to $2,495,000, while Waikoloa Beach Resort recorded three condo sales between $825,000 and $1,050,000.
At Mauna Lani Resort, the following condominiums closed:
- KaMilo 504 – $2,495,000
- KaMilo 418 – $2,000,000
- KaMilo 318 – $1,995,000
- The Residences at Laulea 1C – $1,900,000
At Waikoloa Beach Resort, condominium sales included:
- Waikoloa Colony Villas 1402 – $1,050,000
- Waikoloa Beach Villas B22 – $995,000
- Waikoloa Beach Villas H31 – $825,000
These figures demonstrate sustained demand for resort condominiums, particularly among buyers seeking lower-maintenance second homes or vacation rental properties.
Hualālai Resort’s Market Position
Quick Answer: Hualālai Resort continues to demonstrate exceptional pricing strength, as evidenced by a $17.5 million home sale in November 2024.
Transactions within this exclusive community are often limited due to long-term ownership and scarce inventory. When properties do come to market, they frequently command premium pricing, reflecting the resort’s amenities, location, and reputation.
What This Means for Sellers
Quick Answer: Even in months with fewer transactions, properly positioned luxury properties can achieve strong results.
November’s data suggests that pricing accuracy, presentation quality, and targeted marketing remain essential. In a selective market, buyers continue to act decisively when a property aligns with their lifestyle and investment goals.
The Bottom Line
November 2024 was a lower-volume month on the Kona-Kohala Coast, yet pricing strength remained evident across premier resorts. Condominium sales were concentrated in Mauna Lani and Waikoloa Beach Resorts, while Hualālai maintained its position at the top of the luxury segment with a notable high-value transaction.
For buyers and sellers alike, understanding resort-specific performance provides far more insight than focusing solely on total transaction counts.
Frequently Asked Questions
What was the price range for luxury condominiums in November 2024?
Sales ranged from $825,000 to $2,495,000, depending on resort, location, and property features.
Is lower monthly sales volume a sign of a weakening market?
Not necessarily. In luxury markets with limited inventory, transaction counts often fluctuate while pricing remains stable.
How long does it typically take to sell a luxury home on the Kona-Kohala Coast?
Time on market varies by resort and property type. Well-priced and well-marketed homes can sell efficiently even during quieter periods.
Which resorts were most active in November 2024?
Mauna Lani Resort and Waikoloa Beach Resort led condominium activity, while Hualālai Resort recorded the highest-value single-family home sale.
Should buyers wait for more inventory?
Inventory levels fluctuate. When a property meets specific criteria for location, quality, and price, timely action is often advisable in this competitive luxury segment.