Fairways & Mauna Lani Resort Overview
Fairways: Looking beyond the face value of the sales numbers for The Fairways in the first quarter of 2015, activity shows that momentum is growing. Although there weren’t any closed sales for March which means there still haven’t been any closed sales year to date compared to six in the first quarter of 2014, the bright spot is that there are four properties either under contract or in contingent status. With the closing of these properties there will still be a lag in sales compared to last year but the gap is narrowing. If you are thinking of selling, consider the following… With the current lack of inventory, interest rates low but expected to rise and neighborhood momentum building, now is the time to get your property on the market.
Mauna Lani: The real estate market for Mauna Lani Resort has been slower for the first quarter of 2015 compared to 2014 with closed sales year to date at 20 compared to 24 for last year. As mentioned in the February Overview, there seems to be a trend in sales with properties that have seen long market times sell in recent months. This may be due to a variety of reasons, from a unique property finding the right buyer to lack of inventory in some neighborhoods to values rising enough to catch up to previously overpriced properties.
