As one of the leading destinations in Maui, the Honua Kai resort attracts buyers from many different backgrounds who reside in many different areas. This week we had the pleasure of showing a foreign national from China a few of the most impressive units within the complex and the question arose as to the origin of other owners at this exclusive resort. In order to answer the question accurately, we researched all available tax records and came up with the following, which is reflective of all sales as recorded up to March 1st, 2014:

The first thing that jumps out is the high concentration of buyers from the great State of California, with a significant share of nearly half of all the owners. In addition, of the 93 foreign national owners, 88 are

Being in the midst of high season, the Maui real estate market is abuzz in activity. And as a luxury property with an increasing reputation as one of the leading vacation rental properties on Maui, the Honua Kai micro-market is certainly benefiting from the continued demand and decreasing developer inventory. The announcement that the developer would be increasing prices sent many potential buyers off the fence, with 9 of the 14 units set to have a price increase receiving a letter-of-intent prior to the February 28th deadline. Conditions at Honua Kai are at an interesting point in the micro-market evolution and it will be interesting to see how resales will move forward after all developer units are absorbed.

With that said, let us take a look at