As activity at Honua Kai continues to increase and absorption of available inventory dwindles Honua Kai condos for sale, it is imperative to have accurate, up to date information. Below is the most updated list of developer's inventory (they do not list their units on the MLS):

Honua Kai - Hokulani Condos For Sale

As the Honua Kai condo market continues in its upward trajection, one aspect that seems most reflective of this trend is the sales of luxury Honua Kai 3 bedroom condos. In 2012, there were two sales of 3 bedroom units, Konea 351 for $2.6M (arguably one of the best values ever at Konea) and Hokulani 629 for $1.9M - totaling for an average of $1,159 per square foot.

Now fast forward to 2013, and 5 months in there have been 4 sales already recorded: Konea 151 for $3.5M (a Sotheby's assisted sale), Hokulani 604 for $2.675M, Hokulani 202 for $3.04M, and, closing on 04/29, Konea 701 for an outstanding $4.45M - for a significant increase to $1,521 per square foot.

Interested in purchasing or selling at Honua Kai? We know this market exceedingly well, let

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In 2013 Honua Kai continues its domination of the West Maui real estate market with tremendous levels of activity, easily outpacing its phenomenal 2012 sales. Even so, Powerplay Destination Properties, the developer's broker, has demonstrated its ability to price units to sell reflecting commesurate demand. As such, below please view Powerplay's latest price adjustments:

Hokulani:

Unit      Rooms        Sq. Ft.      Launch Price        2013 Price

215    2 bedroom    1320        $1.525M            $1.375M
225    2 bedroom    1200        $1.3M                $1.12M
345    2 bedroom    1100        $1.525M            $1.21M
349    2 bedroom    1100  

Since its introduction as the first Fee Simple beachfront property on West Maui in 25+ years, Honua Kai has been a favorite among savvy investors, but with the recession looming during the first few years, the developer had to aggressively price its units in order to sell.

However, as consumer confidence increases, it is being reflected in robust sales activity at Honua Kai. As units vary greatly in size and location within the complex, taking average and median sales prices can be very misleading and can easily skew the overall market condition (a few sales can cause great fluctuations in either diretion), so using the average sales price per square foot proves to be the best metric. Look below at the developing trend:

What becomes evident is