I was out at Hokulani showing property this week (twice) and noticed that the activity has been pretty consistent at the development. I was showing some of the developer units and noticed that he has decided to build a few more specs in phase III (last phase) since the built inventory was running low.
Hokulani Golf Villas, Kihei, South Maui
The sales activity at the community has been very consistent; I have been tracking past sales, going back 12 months, since November 2016 and noticed that the number of sales has been fluctuating between 19-21 closed sales. Going back 12 months from March 31st, 2017, I can see a total of 19 closed sales; 13 sold by the developer and 6 re-sales (not developer offerings).
Since Hokulani is considered a residential condominium, I compared the sales of residences and condos in Kihei between $900,000 and $1,250,000 during the past 12 months, and found 13 sales of residences and 7 Fee Simple condo sales. I think the numbers speak loud and clear of how this community has been performing.
Want to Know More?
Hokulani Golf Villas is now well into phase III and there are still great opportunities available. Feel free to contact me with questions or if you would like to schedule a tour.
Aloha,
Alex Abreu
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