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Hoolei Real Estate market update for May 31

The month of May closed with some exciting activity for Hoolei condos with the last 14 days seeing our team successfully sell Villa 99-6, put 99-3 under contract and list Villa 93-1 which offers one of the best investment opportunities at Ho’olei! Read below for details on the recent market activity at Ho’olei.

 

New Listing – Ho’olei Villa 93-1 (G1)

We just listed Ho’olei Villa 93-1 for $2,095,000. This is the lowest priced Hibiscus floor plan (the largest living area) in Ho’olei and represents a great investment opportunity.

Hoolei villa 93-1

Villa 93-1 is a garden view unit which borders the Wailea Blue Golf course. Garden view Hibiscus Villas rent well so this is a great opportunity to own an investment unit and put it into the Ho’olei at Grand Wailea vacation rental program.

With 3,076 square feet of living area, the price per square foot for Villa 93-1 is $681.08 which is certainly the lowest in Ho’olei. In fact this is one of the lowest prices per square foot for a condo in all of Wailea, the average is $1,101.55 per square foot.

 

Under contract – Ho’olei Villa 99-3

Our team put this Top row Maile Floor plan Villa under contract on May 21, 2011. This is the second Ho’olei Villa our Team has put under contract this month.

 

Just Sold – Ho’olei Villa 99-6

Our team listed and sold this Hibiscus floor plan Villa after only 79 days on the market! It closed on May 25, 2011 for $2,700,000.

Ocean view from Ho'olei 99-6

Ho'olei E6 (99-6) sold on 05/25/2011

This marks the 7th Ho’olei sale so far in 2011 (our team represented 5 of those sales) bringing the average sales price in Ho’olei to $2,727,500 and the total sales volume to $19,092,500.

 

Only 1 Developer Hibiscus left

With Villa 99-6 sold, we are down to our very last Original Developer Hibiscus Villa. Ho’olei Villa 52-6 on the Top row offers unrivaled privacy and views.

Hoolei 52-6 ocean views

Interest in Hibiscus floor plan Villas is at an all-time high and 52-6 represents the absolute last chance to buy an original developer Hibiscus Villa.

 

Request a free copy of our detailed Ho’olei report

Want a more complete Ho’olei report showing all the recent price changes, canceled listings and sales? Contact us to request our detailed Ho’olei report complete with all the data.

 

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