Fairways and Mauna Lani Market Dashboard – October 2015
Fairways: Action started to pick up in October with three properties entering pending status (details of the sales will be available on the Market Dashboard once the sales become final). With one new listing for the month, inventory currently sits at nine. The new listing for October was unit #1102, the large three bedroom floor plan with main floor master suite located on the 12th fairway and listed at $799,000.
Mauna Lani: October saw four closed sales for the resort as well as nine new listings. Five additional properties entered pending status bringing the total to 22. As touched on throughout the year, the total number of sales for the resort as a whole has lagged behind 2014 but there has been a rise of the median sales price due to an increase in sales in the higher end neighborhoods as well as the near elimination of the rock bottom “distressed” properties. Although interest rates continue to be low, part of the decrease in sales can be also be attributed to the lower value of the Canadian dollar causing those buyers to put their plans on hold.
