Sales Soar for Big Island Real Estate in February
Big Island real estate reports a 12% gain in sales and 8% increase in pricing in February, indicating a strengthening market for single family homes in Hawaii.
Danville, CA, March 18, 2011 --(PR.com)-- Big Island real estate sales surged in February 2011 with a 12% gain in units sold and an 8% increase in average sales price according to a recent report. Sales were strongest for single family homes, such as the ones offered at KaMilo at Mauna Lani Resort by Brookfield Homes Hawaii.
“We’re definitely seeing continual strengthening of the market as more buyers are taking advantage of low prices and low rates to buy second homes and vacation homes in Hawaii. Big Island homes are in demand because of our phenomenal weather and location,” says Jeff Prostor, President of Brookfield Homes Hawaii.
A total of 111 single family homes were sold on the Big Island in February 2011 compared to 99 homes the previous year. The median price was $256,400, up from $237,000 the previous year. Condo sales also rose in Hawaii with a 33% increase of sales over last year. Many of the Big Island condo sales were located on the Kohala Coast, where KaMilo is located.
KaMilo offers a combination of new single family and paired homes located within a private, gated community on the Mauna Lani North Golf Course.
“Buyers want the low-maintenance living and amenities of a condo, but don’t want to sacrifice space. Our homes offer the best of both worlds with spacious floor plans, private lanais, beautifully landscaped grounds and luxury amenities including a fitness center, two pools, and an outdoor entertaining pavilion. As more buyers return to the market, we see a specific demand for this type of home,” says Prostor.
Residents at KaMilo also enjoy access to the Mauna Lani Private Beach Club and discounts on golf and spa services within the resort.
Model homes at KaMilo are open Daily from 10 a.m. to 5 p.m. at 68-1122 North Kaniku Drive Kamuela, Hawaii 96743. Sales Concierge is available 7 days per week by phone at (888) 898-5883 or by Live Chat at www.brookfieldkamilo.com.
About KaMilo at Mauna Lani
KaMilo at Mauna Lani is a joint venture resort community between Brookfield Homes Hawaii, Inc. & A&B Properties, Inc. Award-winning Brookfield Homes Hawaii, inc. offers luxury resort communities on the Islands of Hawaii including KaMilo at Mauna Lani (Island of Hawaii), Nihilani at Princeville (Island of Kauai) and PiliMai at Poipu (Island of Kauai). Brookfield Homes Hawaii understands the unique resort lifestyle and the signature design aesthetic of the Hawaiian Islands.
A&B Properties, Inc., a subsidiary of Alexander & Baldwin, Inc., is one of Hawaii’s largest private landowners (www.abprop.com). Alexander & Baldwin, a Hawaii company operating in the Hawaiian Islands for over 140 years, is involved in land development, agriculture and ocean transportation.
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“We’re definitely seeing continual strengthening of the market as more buyers are taking advantage of low prices and low rates to buy second homes and vacation homes in Hawaii. Big Island homes are in demand because of our phenomenal weather and location,” says Jeff Prostor, President of Brookfield Homes Hawaii.
A total of 111 single family homes were sold on the Big Island in February 2011 compared to 99 homes the previous year. The median price was $256,400, up from $237,000 the previous year. Condo sales also rose in Hawaii with a 33% increase of sales over last year. Many of the Big Island condo sales were located on the Kohala Coast, where KaMilo is located.
KaMilo offers a combination of new single family and paired homes located within a private, gated community on the Mauna Lani North Golf Course.
“Buyers want the low-maintenance living and amenities of a condo, but don’t want to sacrifice space. Our homes offer the best of both worlds with spacious floor plans, private lanais, beautifully landscaped grounds and luxury amenities including a fitness center, two pools, and an outdoor entertaining pavilion. As more buyers return to the market, we see a specific demand for this type of home,” says Prostor.
Residents at KaMilo also enjoy access to the Mauna Lani Private Beach Club and discounts on golf and spa services within the resort.
Model homes at KaMilo are open Daily from 10 a.m. to 5 p.m. at 68-1122 North Kaniku Drive Kamuela, Hawaii 96743. Sales Concierge is available 7 days per week by phone at (888) 898-5883 or by Live Chat at www.brookfieldkamilo.com.
About KaMilo at Mauna Lani
KaMilo at Mauna Lani is a joint venture resort community between Brookfield Homes Hawaii, Inc. & A&B Properties, Inc. Award-winning Brookfield Homes Hawaii, inc. offers luxury resort communities on the Islands of Hawaii including KaMilo at Mauna Lani (Island of Hawaii), Nihilani at Princeville (Island of Kauai) and PiliMai at Poipu (Island of Kauai). Brookfield Homes Hawaii understands the unique resort lifestyle and the signature design aesthetic of the Hawaiian Islands.
A&B Properties, Inc., a subsidiary of Alexander & Baldwin, Inc., is one of Hawaii’s largest private landowners (www.abprop.com). Alexander & Baldwin, a Hawaii company operating in the Hawaiian Islands for over 140 years, is involved in land development, agriculture and ocean transportation.
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Contact
Brookfield KaMilo
Dawn Sadler
888-898-5883
www.brookfieldkamilo.com
Dawn Sadler
888-898-5883
www.brookfieldkamilo.com
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