Mauna Kea Resort July Market Update: Kohala Coast 2022 Mid-Year Sales Statistics Enclosed

It remains evident that the high-end of the real estate market on the Kohala Coast is strongly influenced by desire and location, rather than cost and affordability. In the first half of 2022, we saw 54 closed transactions within Mauna Kea Resort totaling over $188M in sales volume which represents an 69% increase in sales volume from the first half of 2021 when we witnessed 39 sales making up $111M in sales volume, and a 219% increase in sales volume from the first half of 2020 when there were 20 recorded sales for $59M in volume.

The strong 2022 mid-year outputs below elucidate the unprecedented levels of demand in our market. We do not foresee a slowdown in demand in the Kona-Kohala Coast market segment, however Mauna Kea Realty’s inventory of available properties within Mauna Kea Resort and along the Kona-Kohala Coast is very low. This is an opportune time for owners who may be considering selling to take advantage of a strong and bullish market.

Mauna Kea Resort Sales

• 2022 Q1 & Q2: 54 Sales     (38% Increase Year-Over-Year)     
• 2021 Q1 & Q2: 39 Sales
• 2020 Q1 & Q2: 20 Sales
• 2019 Q1 & Q2: 18 Sales

Kohala Coast Sales Above $1M (District of South Kohala)

• 2022 Q1 & Q2: 166 Sales   (8% Increase Year-Over-Year)
• 2021 Q1 & Q2: 154 Sales
• 2020 Q1 & Q2: 49 Sales
• 2019 Q1 & Q2: 56 Sales

Kohala Coast Sales Above $3M (District of South Kohala)

• 2022 Q1 & Q2: 50 Sales     (61% Increase Year-Over-Year)
• 2021 Q1 & Q2: 31 Sales
• 2020 Q1 & Q2: 14 Sale
• 2019 Q1 &Q2:  4 Sales

Kohala Coast Average Sales Price (District of South Kohala)

• 2022 Q1: $1.523M              (28% Increase Year-Over-Year)
• 2021 Q1: $1.190M
• 2020 Q1: $902K
• 2019 Q1: $694K

Kohala Coast Total Sales Volume (District of South Kohala)

• 2022 Q1 & Q2: $550M      (6% Decrease Year-Over-Year)
• 2021 Q1 & Q2: $587M
• 2020 Q1 &Q2:  $248M
• 2019 Q1 &Q2:  $234M

Find below the Mauna Kea Resort’s July Real Estate Market Update highlighting last month’s (June) sales, resort offerings and local trends. I hope you find this information interesting and helpful.

June Sales

There were 13 sales within Mauna Kea Resort in June of 2022.

On the ocean side of the highway at Mauna Kea Resort, a home located in the Fairways South that was built in 1984 sold in early June for $3.095M. Mauna Kea Realty represented the Seller and worked directly with the Buyer.

Furthermore, Four (4) units at the Hapuna Beach Residences sold at a median price of $3.9M.

The Hapuna Beach Residences at Mauna Kea Resort are 68 whole-ownership condominiums ranging from one to four bedrooms in a variety of floor plans — some with pools, all with incredible ocean and coastline views located within a stone’s throw to one of the most beautiful crescent white sand beaches in Hawai’i. At this time, there is only one (1) 1BD unit being offered for resale within the development. Please feel free to contact me for additional information regarding resale units and/or to tour the Hapuna Beach Residences.

On the mountain “Mauka” side of the highway at Mauna Kea Resort, one (1) condominium in Kumulani sold, and three (3) condominiums within Wai’ula’ula sold in June.

Additionally, three (3) vacant lots in the Uplands community of Hapuna Estates sold at a median price of $1.895M. Lastly, a 5 bedroom 5.5 bathroom single family home built in 2020 located in Hapuna Estates sold for $5.7M in late June.

(Click Here) to view the detailed list of June sales within Mauna Kea Resort.

For a Complete List of Condominiums and Residential Properties Currently Available at the Mauna Kea Resort (Click Here).

For a Complete List of Vacant Land Properties Currently Available at the Mauna Kea Resort (Click Here).

Highlighted Property of the Month

A unique opportunity to purchase a modern custom home built in 2021 with 5 bedrooms, 5.5 bathrooms, 3-car detached garage, swimming pool and spa, sitting above Hapuna Golf Course’s #8 Fairway on a 1+ acre lot. Hapuna Estates at Mauna Kea Resort Lot #8 boasts fantastic Hapuna Golf Course, ocean, Kohala coastline and mountain views. The property is a short distance to the ‘Amaui Clubhouse, designed by de Reus Architects, one of Architectural Digest’s “Top 100 Architects and Designers.” Offered for $7M. (Click Here) to view the property details and photos of the home.

Local Trends

MAUNA KEA RESORT NAMED 20 BEST RESORTS IN HAWAII BY TRAVEL & LEISURE: The best resorts in Hawaii, according to Travel + Leisure readers, pair a wealth of amenities with unforgettable views. These resorts have kept pace with renovations and updates, making this famous archipelago in the Pacific more appealing than ever. On the Island of Hawaii, four (4) resorts were named in the best 20 in the state. Mauna Kea Resort (No. 15), Fairmont Orchid (11), Four Seasons Resort Hualalai (No. 12) and the Mauna Lani, Auberge Resorts Collection (No. 6), impressed readers with its “gorgeous remodel,” referring to the hotel’s reopening in 2020 after a massive overhaul. (www.travelandleisure.com/)