Two Bedroom Mountain View Unit in Honua Kai Resort Sold by Hawaii Life For $950K
The Stice Team and Hawaii Life Real Estate Brokers are proud to announce that we listed and sold Hokulani #722 at the Honua Kai Resort to an all cash buyer for $950,000. Properties at Honua Kai are in very high demand – that coupled with our unparalleled marketing power, strong negotiation skills, and an accurate listing price – we were able to complete the sale from start to finish in just 52 days.
Hokulani #722 a two bed/two bath unit listed at $1M and sold in 52 days for $950,000
A Few Words From One of the Sellers of Hokulani #722, Kelly McMurray:I chose to list my Honua Kai unit with Jeremy Stice and Hawaii Life because of their effective and consistent marketing presence at the resort. After consulting with Jeremy it was clear that he was very knowledgeable and passionate about Honua Kai. Through his efforts, he brought us two cash offers and was able to use his negotiation skills to get us top dollar, strong terms, and a short closing. He has strong communication skills and made the selling process a good experience for me. I would certainly recommend Jeremy and Hawaii Life to list and sell your Honua Kai condo.
Prices Are Rising Steadily & Quickly at Honua Kai
I will be writing a more detailed post about the recent price appreciation on the two bedroom units at Honua Kai in the near future, but will include just a few rudimentary things here. Hokulani #722 was previously sold by the developers to my clients during the “fire sales” in 2011 for $550,000. I detailed the significant price appreciation of the one bedroom units in the summer of last year.
Prices/sq.ft. at Honua Kai have been on the rise since 2012 for all property types: studios, one bedrooms, two bedrooms, and three bedrooms, with the exception in 2013 where two bedroom prices dropped by about $25 per sq.ft. but then rebounded nicely in 2014 by jumping about $100/sq.ft.
The developer was able to sell much of their inventory very quickly from 2011-2013 with another round of cuts in 2012. In hindsight, they could have benefited by a more gradual price reduction strategy, but real estate prices on Maui did bottom out at this point and the developer definitely needed to increase liquidity. The resale market prices really started to take off in early 2013, this was around the time when I helped another client seller sell their 2 bedroom unit for a $135,000 short term profit.
All Honua Kai Real Estate For Sale
Here is a gallery of all the active and pending resale properties currently on the market: Honua Kai Real Estate Gallery. Please contact me directly for unlisted resale properties as well as my top picks for remaining developer inventory.
Why Hire The Stice Team to Sell Your Honua Kai Condo?
- Jeremy and his wife Megan are owners at the Honua Kai Resort. We are very passionate about the overall well-being of our investment and thus it is in our best interest to see the most favorable outcomes for all present and new owners at Honua Kai. We also run a boutique vacation rental program at the resort and have a very good understanding of rental optimization so that we can expertly counsel our clients on this aspect of ownership.
- Hawaii Life is Hawaii’s #1 Real Estate Brokerage. More people list their properties with Hawaii Life than any other brokerage firm in Hawaii. We are a statewide firm with a broad international reach and unparalleled marketing exposure. We run Hawaii’s #1 real estate search engine, HawaiiLife.com, with almost 300k visitors/potential buyers each month, and we optimize our exclusive listings so that they receive upwards of 420% more views than our competitors’ listings.
- During the last 2 years, The Stice Team has sold over $50 million dollars in Maui Real Estate. Almost $10M of these sales have been at Honua Kai, and we have represented about 15 buyers and sellers at Honua Kai since 2011. Jeremy has been running his blog series on Honua Kai, which has educated countless buyers and sellers of Honua Kai since 2011. The Stice Team consists of 3 full-time real estate brokers with a combined 43 years of Maui Real Estate experience. We also have a full service transaction manager, our in house marketing department, and our web SEO team supporting our efforts so that we can focus on getting you top dollar for your property.
My Blog Series on Honua Kai Condos
Please visit my website dedicated to all things Honua Kai, including the most recent market updates, here: www.HonuaKaiBlog.com.
Subscribe to my blog feed here: Subscribe to Hawaii Life Real Estate Brokers » Jeremy Stice, R(S) by Email.
Aloha from Honua Kai,Jeremy Stice, R(B) 808.281.2178 Stice@HawaiiLife.com