Big Island Sales Data: Hualalai Resort – Velocity / Absorption

Hualalai and Kukio Membership Communities

Hualalai and Kukio Membership Communities – Photo Source: Bing Maps

The Hualalai Resort is a 625-acre membership community that includes a world class hotel, the renowned Four Seasons Resort Hualālai at Historic Ka‘upulehu, and two golf courses: the Hualālai Golf Course, designed by Jack Nicklaus, and the Ke‘olu Course, designed by Tom Weiskopf.

In addition, the project district is entitled for eventual development of up to 700 residential units, and has been selling single family homesites and luxury low-rise condominium units since 1996.

This graph tracks the number of single family, condominium, and vacant lot sales at Hualalai Resort since the onset of the worldwide financial crisis in late 2008 .

Hualalai Resort Sales Per Year

As shown, absorption in the early part of the recovery period 2009-2011 was relatively stable, with a total of 25 to 28 sales per year.  2012 saw a meaningful bump up to 34 sales, and as of October 1, 2013, the 2013 calendar year is on pace for more than 50 sales in the prestigious community–nearly one a week.

Questions or comments?  Please leave them in the comment  box below, I would be happy to clarify and/or expand.

Aloha, Chris

Please read my disclaimer.

About Chris Ponsar
I'm a commercial and high-end residential real estate appraiser in Hawaii. I'm passionate about appraisal and valuation issues in the same way some folks obsess over football, shopping, or bacon. I love this stuff.

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