As 2010 draws to a close, there were several year end sales recorded today in the Kapalua Resort:
Coconut Grove 34 closed at $5,200,000 for a 3B/3.5B villa, which is a record high in this small beachfront community.
Ironwoods 22 closed at $3,250,000 for a 2B/3B villa
100 Pulelehua closed at $3,175,000 for a 4B/4.5B home on approximately a half acre
122 Keoawa closed at $825,000. This was an REO (a bank owned) sale of a vacant 5.8 acre home-site. This lot was originally purchased at $1,800,000.
I’ll be updating the market statistics for the resort, to see how 2010 stacked up to prior years over the next week or two, so check back. At this time, volume (both number of sales and total dollar amount) is up in 2010 over 2009 here in Kapalua, and we are optimistic that the market will continue this trend in 2011.
Happy New Year!