Honua Kai 2013 Sales Update

As 2013 came to an end, one can easily see that not only it was a great year for the Maui real estate market as a whole, but that certain micro-niches such as Honua Kai saw a more activity and higher-than-average increases in values. Let us examine the infograph below to easily assess some of the most significant shifts within the resort.

As can be seen above, sales activity remained strong, but what led to such a drastic change in sales volume (69% increase over the previous year) is the type of units that sold. In 2012, the bulk of all sales were 1 bedroom units, whereas 2013 saw a very balanced absorption of all inventory among the different sizes and value propositions. With more sales of 2 bedroom units in 2013 than of 1 bedroom units, what is apparent is that buyers are back with confidence and are able/willing to purchase at a higher price point.

With a full understanding of the micro-market at Honua Kai, the development/operation of the resort, and projected trends comparative to the overall West Maui real estate market, we are positioned to help our clients interested in Honua Kai find the ideal property and reach their objectives. For those interested in learning more about the property and/or who have questions about sales in the previous year and how current market conditions are affected by such, contact us at Alex@MauiRealEstateSearch.com or call 808.385.5034 at any time.