Hokulani Golf Villas Market Review

As one of the most active micro-market in South Maui, the Hokulani Golf Villas property receives a significant amount of interest - and it can be certainly argued to be well-merited, as it seamlessly combines the convenience of condominium living with the privacy of a single family home, all while presenting a product that meets the demands of today's buyers: open floorplans, superb craftsmanship in construction, an ideal location, and a competitive pricing structure.

With that, we want to keep our readers and clients well apprised of the current state of the market. To summarize:

* Active - Currently there are 7 units on the market at a median sales price of $1.149M and an average price per square foot of $508. Of those, the best values are arguably unit 14 at $1.14M and unit 25 at $1.295M. What makes these particular standouts is their prime location within the property.

*  Pending - There are 6 units in escrow at this time, at a median sales price of $1.03M - but for the most part these are slightly smaller floor plans, which is then reflected in the average sale price per square foot of $518. 

*  Sold - In the past 12 months, there have been 15 sales at a median price of $1.102M and an average price per square foot of $492. These sales include standouts such Hokulani Golf Villas 117 at at price of $1.159M

To put the current market in a historical context within the overall Hokulani Golf Villas micro-market, take a look at the sales chart below which details every sale at this property (broken down as price per square foot with a polynomial trendline to show projected route) since its introduction:

It's worth noting that upon introduction, there were a myriad of sales well over $600 per square foot. Given that the Hokulani Golf Villas is a finite micro-market whose developer inventory will come to an end, it is within reason to expect the resales market to drive prices to or above previous heights. 

Contact

To learn more about Hokulani Golf Villas and its place comparative to similar properties such as Kai Malu or (to a lesser extent) Keala O Wailea, contact us today by filling out the form below or call 808.385.5034