Honua Kai - Sales Update

Since its introduction as the first Fee Simple beachfront property on West Maui in 25+ years, Honua Kai has been a favorite among savvy investors, but with the recession looming during the first few years, the developer had to aggressively price its units in order to sell.

However, as consumer confidence increases, it is being reflected in robust sales activity at Honua Kai. As units vary greatly in size and location within the complex, taking average and median sales prices can be very misleading and can easily skew the overall market condition (a few sales can cause great fluctuations in either diretion), so using the average sales price per square foot proves to be the best metric. Look below at the developing trend:

What becomes evident is that although prices were stagnant throughout 2011 and 2012, the first quarter of 2013 has seen a substantial increase (over 20%) over the previous 24 month period. With continued demand and shrinking inventory, it is time for buyers who have been on the fence to act while there may still be a few 'deals' available. View all Honua Kai condos currently for sale (resales) and contact us for a list of all Honua Kai developer units for sale - one thing that jumps out is that resales are listed at an average price per square foot of $1,224 and even at that price, going under contract - including the pending sale of Konea 701 which is listed at $4.99M. Contact us for information about the best values within any given set of criteria - we know Honua Kai exceedingly well and our expertise will be of great help in locating the ideal Honua Kai property.