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Mauna Lani Resort Properties Under $500K Getting Harder to Find

I’m sure you have heard the old real estate axiom, “buy the least expensive property in the nicest neighborhood.” Well, if you are looking to keep to that axiom in the gated communities of the Mauna Lani Resort your choices are slim at the moment and will probably continue to decrease as the market continues to rise this year. There has been an extreme lack of inventory in the real estate market. As the lack of inventory continues, properties that are reassessed in to the market are able to demand a higher price.

Palm Villas At Mauna Lani listed at $495,000 (MLS# 255107)

Finding a luxury condo in the Mauna Lani Resort under $400,000 would be the equivalent to finding a pot of gold at the end of a rainbow. However, it is still possible to find a property in the Mauna Lani Resort under $500,000, but 2013 may be your last year to do so

Mauna Lani Sales Statistics for Properties Under $500K

In all of 2012 there were only 7 properties that sold under the $500,000 price point, but 40 that sold over $500,000. In a rising market the number of properties released on to the market may increase, but the number of homes that sell under $500,000 will most likely not increase.

Fairways At Mauna Lani listed at $479,000 (MLS# 247728)

As of a few days ago, a buyer looking to find a property in the Mauna Lani Resort under $500,000 would have had only two properties to look at. Luckily, two more properties were recently released, but just under the $500,000 price point. One of the properties is a pre-construction developer property at Kulalani and the other is a 2 bedroom, 2 bath, single level floor plan at the Golf Villas at Mauna Lani.

Golf Villas at Mauna Lani listed at $419,000 (MLS 260249)

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Pam Deery

January 22, 2013

Thanks Leiola; there are of course some projects which fare better than other for good reason. The fact that two of the complexes have construction issues, either underway or mediation pending, are big concerns for buyers and can preclude one from obtaining financing.

Good to have insider knowledge and buyer representation of course!

Pam Deery

January 22, 2013

Thanks Leiola; there are of course some projects which fare better than other for good reason. The fact that two of the complexes have construction issues, either underway or mediation pending, are big concerns for buyers and can preclude one from obtaining financing.

Good to have insider knowledge and buyer representation of course!

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