The developer’s representatives report approximately 50 total units left to sell in the community with 11 units in completed inventory for sale and 1 pending sale. There are 4 resale opportunities also. Kamilo’s elegant homes – with their double-pitched tile roofs and full-width lanai doors – are surrounded by the rolling greens and fairways of Mauna Lani’s North Course. Some floor plans enable homeowners to walk out of their property and go straight into a private pool and spa. Kamilo’s kamaaina-style architecture testifies to the rich living cultural heritage of Hawaii’s royal past, with all the amenities of today’s easy and convenient living. Kamilo offers an interesting collection of paired homes and single-family condominiums, and has five different floor plans to choose from. In addition to being set amidst magnificent golf courses and majestic mountain views, Kamilo also offers some lucky owners views of the calm Pacific Ocean. January 2017 Inventory: 5-Honua “A” 3br/3ba Duplex 1653 s/f $855...

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Hawaii island showed strong growth in both unit and sales volume with West Hawaii luxury homes driven by strong sales in new inventory at the new Kohanaiki Golf and Ocean Club community near the Kona-Keahole airport. Click here for more Kohanaiki information. Pacific Business News reports, “Kohanaiki finished the holidays with just over $30 million in sales with another $12 million currently in negotiation, and also completed a $65 million clubhouse designed by architect Shay Zak of Zak Architecture. The 67,000 square-foot space includes a cigar lounge with a poker table and scotch bar, a collection of more than 200 artworks and artifacts, a private brewery, a four-lane bowling alley, a 21-seat movie theater and a holistic spa designed by Tracy Lee.”  “California-based IHP Capital Partners Inc. and Kennedy Wilson, Inc. developed the 500-home project, which was halted in 2008 due to the recession. The 450-acre, private residential community began sales in 2013.” Hawaii Island Experiences Positive Unit Sales Growth in ...

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Existing home sales fell 2.8% in December to an annualized rate of 5.49 million units. November’s pace of 5.65 million units was the strongest monthly rate in nearly 10 years. 1 For the year, existing home sales numbered 5.45 million units in 2016, up 3.8% from sales of 5.25 million units in 2015. Last year had the highest level of sales since 6.48 million existing homes were sold in 2006. 1 The number of existing homes on the market in December fell to 1.65 million units, its lowest level since NAR began tabulating housing inventory in 1999. That’s a 6.3% drop from the housing inventory in December 2015, leaving the months’ supply figure at 3.6 months. 1 The median price of existing homes sold in December was $232,200, up 4.0% from December 2015. Over the last three years, the median price has increased at a 5.5% average annual rate. 1 New home sales dropped 10.4% in December to an annual rate of 536,000 units. Sales climbed 12.2% in 2016, to 563,000 units from 501,000 units in 2015. 2 The median price of ...

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