Updating the stats for condo sales in the Mauna Lani Resort:
Similar to the graph posted a few days ago for Waikoloa Beach Resort Condo Sales, this graph also shows a significant upward trend starting in October of 2011. In fact, the trend in Mauna Lani looks even stronger. This contradicts an often heard opinion that it is the lower priced condos that are moving the fastest as Mauna Lani condos tend to be higher priced on average.
Here is the median price graph:
Mauna Lani Resort Condo Prices Continue to Slowly Increase
The slow but steady increase in prices continues, going back to early 2011. Both these graphs confirm the correct perception of many buyers that the market hit the bottom 12-18 months ago and is steadily moving higher. Inventory is still low at 53 condos on the market in the entire resort. While prices are moving higher they are still way below the height of the the market and, in some cases, still below the original developer price.
Still a great opportunity to enter this market with plenty of upside. Contact us for more information or a list of available properties.