ISLAND LIVING   

 

Dec. 7, 2011

Hawaii Resort Community Offers Authentic Island lifestyle in America's #1 “State to Live In”

Big Island resort community, KaMilo at the Mauna Lani Resort, offers an authentic Hawaii Island lifestyle, in the state that 2011 Harris Poll announces to be America’s #1 “State to Live In”

KaMilo Hawaii Homes

Kohala Coast, HI – Giving credence to what the residents of the Hawaiian Islands already know to be true, a recent Harris Poll indicates that most Americans would prefer to live in the State of Hawaii than any other state in the country; besides the state they already call home. 

Over the last 3-4 years, with home prices falling and mortgage rates at all time lows, real estate investors and second home buyers have been beaconed to Hawaii’s Big Island and the world-recognized Mauna Lani Resort to take advantage of unprecedented real estate opportunities.  KaMilo at Mauna Lani Resort, an authentic Hawaii neighborhood consisting of new single-family and paired homes on the Big Island’s Gold Coast, is a distinctive offering for those who seek both value for their dollar and a community and lifestyle that is representative of the unique Hawaii experience.

“There is nowhere else on Hawaii’s Gold Coast where you will find brand new homes by an award-winning builder that offers panoramic golf course views, vaulted ceilings, large square footage, and 2-car garages at these prices,” says Diana Mahaney, Realtor/Sales Associate from Island Paradise Properties LLC.   “Plus, with KaMilo’s private 2-acre recreation village and the Mauna Lani Resort’s white sand beaches, historical walking trails, and access to the Kohala Coast’s natural landscape, buyers appreciate that they will access a truly unique and quality lifestyle at KaMilo.”

Over the last 8 years, California has ranked 1st in the Harris Poll as the state that Americans would most like to live in.  For 2011, Hawaii has taken the reign at the top spot.  “The true value in owning a home here is not only financial,” continues Mahaney. “Year round outdoor activities, access to world-class golf courses and spas, enjoying fresh local produce and dining experiences, and Hawaii’s unique cultural events; these are the life enhancing elements that buyers cherish about the our community.”

KaMilo at Mauna Lani Resort, a resort within a resort, is a private new home community of 137 single family and paired homes located along the Mauna Lani Resort’s North Golf Course.  Single-level and two-story floor plans feature expansive pocket doors that open onto spacious outdoor lanais for enjoyable indoor/outdoor living.  The private 2-acre Recreation Village includes adult lap pool, family pool, outdoor gathering pavilion, BBQ’s, and fitness lounge.

For details about island residences at KaMilo, visit the KaMilo Sales Center daily from 9 a.m. to 5 p.m. at 68-1122 North Kaniku Drive in the Mauna Lani Resort.  More information is available 7 days a week at: (808) 885-6130 or 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. 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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Sept. 28, 2011

In how many languages can you say “aloha”?

Introducing our dynamite Sales Consultant: Kris Martin (S)Kris Martin

If you haven’t visited KaMilo recently on your travels to the Big Island, you may not have met Kris Martin (S), our lead sales consultant at KaMilo and a real estate agent for Island Paradise Properties.  Born and raised in California, Kris chose to make Hawaii her home many years ago, raising a family of fifth generation keiki on the Big Island of Hawaii.

Kris enjoys gardening at her home in Kamuela, writing, paddle boarding, and hiking.  She is also multi-lingual, and has been an adjunct faculty member at many universities in the field of Education.  She will be the first to tell you that there is no real translation for the word “aloha” in any other language.  The word aloha is used to mean so many things in Hawaii and has a spirit all its own!

Kris’ warm smile will greet you when you pay a visit to our sales gallery located in the heart of the KaMilo community.  Kris specializes in finding the perfect residence and plan type for clients and assisting them through the purchase and customization of their dream home in the truly unique KaMilo neighborhood.  She is also a terrific resource for those who are just getting to know the island and are looking for exciting and unique ways to enjoy life on the Kohala Coast.  Just ask her for suggestions on hidden away beach locations, hiking trails, or the best place to enjoy some fresh ahi poke!

We hope that you will have a chance to meet Kris personally at KaMilo and take a tour of the new home that are underway and unmatched home sites that we recently made available.  Kris is a wonderful addition to our team and truly exemplifies the aloha spirit, in every way.

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Sept. 2, 2011

Mauna Lani Bay & K-Swiss Present Pau Hana Sunset 10KM Run & Walk

http://www.xtri.com/features/detail/284-itemId.511712831.html

Mauna Lani Bay 10km Fun Run WalkKOHALA COAST, HAWAII - Hawaii's popular health, fitness and outdoor lifestyle resort, The Mauna Lani Bay Hotel & Bungalows, is proud to host the inaugural K-Swiss Pau Hana Sunset 10km Fun Run & Walk on Friday, September 30 at 5pm - a benefit for the West Hawaii Chapter of the American Cancer Society.

The event, which is taking place on Mauna Lani's world-famous Francis H. I'i Brown North golf course, is open to the entire community and is drawing the support of many pro triathletes who will already be in Hawaii preparing for the Ford Ironman World Championship the following weekend.

2010 Ironman Women's World Champion, Mirinda Carfrae will be there, along with other pros who have signed up to race in the elite category, including Luke Bell, Belinda Granger, Tim DeBoom, Hillary Biscay, Joe Gambles and local favorite, Bree Wee.

General Manager of Mauna Lani Bay, Brian Butterworth, said that the event "is about bringing people together and enjoying some fun, friendly competition in support of one of our community's most invaluable causes. Whether you run or walk, just enjoy being in Hawaii and soak up the spectacular surroundings, including our hard-to-beat Kohala Coast sunset".

Proceeds from the event will be used to support Hawaii Island cancer patients and their families by providing services such as inter-island airline tickets for travel to treatment facilities, transportation to medical appointments, counseling programs and more.

Leading triathlon footwear and apparel brand, K-Swiss, has thrown its support behind the event by donating "K-Swiss dream bags" for category winners and t-shirts for all participants. Numerous other prizes will be up for grabs too.

After the run and walk, participants and friends and family are invited to enjoy a fun-filled awards-ceremony and a 'Pau Hana' (meaning 'after work' in Hawaiian) outdoor BBQ and beer garden party with live music.

For more information and for entry forms visit www.maunalani.com or contact 808-881-7034.

WHAT: The inaugural K-Swiss Pau Hana Sunset 10km Fun Run & Walk benefiting the American Cancer Society, West Hawaii Chapter

WHEN: Friday, September 30, 2011, 5pm

WHERE: The Francis H. I'i Brown North Course. Meet at The Mauna Lani Bay Hotel & Bungalows. 68-1400 Mauna Lani Drive, Kohala Coast, Hawaii

COST: $20. Pau Hana 'Happy Hour' prices for BBQ and drinks. Complimentary parking available.

ENTRY & FURTHER INFORMATION:
Visit http://www.maunalani.com/pdf/KSWISS-FUN-RUN.pdf or contact 808-881-7911.
The Mauna Lani Bay Hotel & Bungalows is recognized as one of Travel + Leisure's "World's Best Hotels" for 2011 and is also on the Conde Nast Traveler 2011 "Gold List". It is the only independently-operated resort on the Kohala Coast of Hawaii and has maintained its original owners since its opening in 1983. Mauna Lani Bay is also one of the smaller resorts on the coast giving guests an intimate, timeless Hawaiian experience that is personalized and pleasantly unscripted. It is Mauna Lani Bay's cultural and environmental programs that make it truly stand out from others and which has earned it the reputation of one of the "World's Top Earth-Friendly Getaways". Mauna Lani Bay is committed to delivering aloha in everything it does and as such takes a stand against hidden resort fees. It is home to the famous CanoeHouse restaurant, the Hawaiian inspired Mauna Lani Spa and the championship Francis H. I'i Brown Golf Courses. Mauna Lani Bay has formed a partnership with a group of pro triathletes, who help the hotel spread the message of enjoying a healthy and active lifestyle. The resort is a member of the Preferred Hotel Group recognizing the world's best independent luxury hotels and resorts. For reservations call (800) 367-2323 or visit
www.maunalani.com.

About The American Cancer Society
The American Cancer Society has been waging the war against cancer for nearly a century, and its commitment to defeating the disease has never wavered. For the more than 1.4 million people who will be diagnosed with cancer this year, the American Cancer Society provides hope as it grows closer each day to finding a cure. By taking what has been learned through research, the society has contributed to a 15 percent decrease in the overall cancer death rate between the early 1990s and 2005. That means that 650,000 cancer deaths were avoided and more Birthday celebrations were had. Overall, 11 million cancer survivors in America will celebrate a Birthday this year.

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Aug. 24, 2011

Hawaii Again Tops List in Emotional and Physical Health

Hawaii Continues to Lead in Wellbeing; North Dakota Second

http://www.gallup.com/poll/149105/Hawaii-Continues-Lead-Wellbeing-North-Dakota-Second.aspx

Americans in Hawaii continued to set the national standard in wellbeing in the first half of 2011, followed closely by North Dakota. West Virginia and Kentucky maintained their status as the states with the lowest wellbeing. Nebraska, which showed the biggest  gains in wellbeing rank from 2009 (25th) to 2010 (10th), continued to move up, landing in the top five. 

Hawaii Again Tops List in Emotional and Physical Health

On the sub-indexes that make up the broader Well-Being Index, Hawaii is tops in Emotional Health and Physical Health, two domains in which it perennially leads the nation. People often like to say; “The grass is always greener on the other side”.  However, most of us who have had the pleasure of living in Hawaii know that life out here in the Pacific Ocean is pretty sweet!  Sure, there are some obstacles that we are forced to overcome such as high gas prices or the difficulty of traveling to visit family in the mainland or elsewhere.  But, overall we have got it really good. 

Hawaii ProduceHawaii Paddling

The reasons why our “wellbeing” is consistently tops are numerous.  For starters, of course, we eat well.  There is the wonderful selection of cuisine in the Hawaiian Islands: Hawaiian plate lunches, Thai curries, Okazuya, Korean BBQ, Mexican food (although in short supply), local Indian and Greek restaurants and fresh island produce and fish. 

Then there are the awe-inspiring beaches for surfing, swimming, diving, and relaxation and the consistently, warm and balmy weather.  This combination makes for year-round outdoor activities and generally pleasant moods.  “Seasonal affective disorder” (S.A.D.), which our friends in the Northwest US can testify to, is not something we worry about. 

The land has spirit and the people have heart.  The vibe here is mellow, the landscape is amazing, and generally we enjoy living life.  With all that said, we are never surprised to learn that the people of Hawaii rank #1 in emotional and physical health.  Live well, feel great. 

Hawaii is a special place we are honored to call home.

 

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Aug. 15, 2011

Big Island Resort Community Attracting New Hawaii Real Estate Buyers

KaMilo Lanai View

Big Island home builder Brookfield Homes Hawaii sparks home buyers interest in the Mauna Lani Resort - August 15, 2011

South Kohala, HI– Big Island real estate home builder, Brookfield Homes Hawaii, has reported a boom in interest and sales activity at KaMilo, a gated new home community located on Hawaii’s Big Island in the Mauna Lani Resort.

“The 2011 collection of Brookfield Hawaii homes seems to be attracting a new kind of buyer.” says Kris Martin, Sales Consultant for Brookfield Homes Hawaii.   “These homebuyers are looking for an excellent deal and are much more conscientious about their buying decisions than in years past.  By offering our signature, island inspired resort homes at extremely attractive prices in prime locations; these buyers see real value at KaMilo.”

Originally released in January 2011, the new Big Island home collection at KaMilo includes single-level homes on the Mauna Lani North Golf Course starting from $799,000.  “With low interest rate financing still available in the mortgage market, purchasing a brand new home at KaMilo offers a winning formula of price and value.” says Martin.  “From the health and wellness lifestyle, quality finishes and construction, customization opportunities and the natural beauty of the Big Island’s Kohala Coast, buyers at KaMilo recognize that they are receiving the ultimate deal.”

KaMilo at Mauna Lani Resort is a private, gated community of 137 single family and paired homes located along the Mauna Lani Resort’s North Golf Course.  Single-level and two-story floor plans feature enclosed two car garages and expansive pocket doors that open onto spacious outdoor lanais.  The private 2-acre Recreation Village includes adult lap pool, family pool, outdoor gathering pavilion, BBQ’s, and fitness lounge.

For details about new homes at KaMilo, visit the KaMilo Sales Center daily from 9a.m. to 5 p.m. at 68-1122 North Kaniku Drive in the Mauna Lani Resort.  More information is available 7 days a week at: (808) 885-6130.

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. 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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July 5, 2011

Report ranks Hawaii beaches high in water quality

Hawaii Beach SunsetBy Allison Schaefers  aschaefers@staradvertiser.com

Hawaii beachgoers swam in some of the cleanest waters in the nation last year, according to the 21st annual beachwater quality report released today by the Natural Resources Defense Council. 

Only 3 percent of beachwater samples in Hawaii exceeded health standards in 2010, ranking the state as having the fourth cleanest beachwater in he nation last year. However, water quality ratings varied by island. While only 1 percent of Honolulu's samples exceeded health standards, rates were 2 percent in Maui and Hawaii County and 8 percent of Kauai's samples were unhealthy.

The report singled out three Kauai's beaches as having the dirtiest beachwater in the state including Lumahai Beach (29 percent), Kalihiwai Bay (27 percent ) and Waimea Recreation Pier State Park (24 percent).

Other states with low rates of contamination included: New Hampshire (1 percent), New Jersey (2 percent) Oregon (3 percent) and Delaware (3 percent). Highest offender states included:  Louisiana, (37 percent), Ohio (21 percent) and Indiana (16 percent).

The report said about 8 percent of beachwater samples nationwide exceeded public health standards in 2010. Pollution from stormwater runoff and sewage overflows last year contributed to the second-highest number of closing and advisory days in more than two decades, the council said.

Most bacterial contamination occurs during winter, when heavy rains overload storm drains and sewage systems, washing waste into the sea. 

Swimming in such pollution can cause gastrointestinal, respiratory and other illnesses and is of particular risk for children and the elderly whose immune systems may not be as strong. The Environmental Protection Agency estimates that up to 3.5 million people become ill from contact with raw sewage from overflows every year.

Swimmers are advised not to swim near storm drains or go into the waters within 72 hours of a rain when pollution levels are typically higher.

The Associated Press contributed to this story. http://www.staradvertiser.com/news/breaking/124718323.html

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June 17, 2011

Big Island real estate builder Brookfield Homes Hawaii has announced a limited time special financing and designer furnishings package for Mauna Lani Golf Resort Homes at KaMilo.

KAMUELA, HI, June 17, 2011 -- Big Island real estate builder Brookfield Homes Hawaii has announced a limited time special financing and designer furnishings package for buyers at KaMilo, a gated new home community located on the North Golf Course within the Mauna Lani Resort.

KaMilo Backyard poolThe limited time incentive package includes low-rate financing (3.375%) for qualified buyers and a designer home furnishings package of up to $50,000 for buyers who purchase select homes on or before June 30, 2011.

"With Big Island real estate activity on the rise, this is an unprecedented opportunity to own a luxury resort home overlooking the Mauna Lani Resort Golf Course at an attractive price and very low interest rate. Our designer furnishings package of up to $50,000 enables buyers to create a brand new, turn-key vacation home that is tailored specifically to their tastes," says Jeff Prostor, President of Brookfield Homes Hawaii.

KaMilo at Mauna Lani Resort is a private, gated community of 137 single family and paired homes located along the Mauna Lani North Course. Homes feature three and four bedroom floor plans ranging from 1,653 to 2,489 square feet. Each home features more than 500 square feet of open lanai space and a two car attached garage. 

For details about the limited time financing offer, visit the KaMilo Sales Center daily from 9a.m. to 5 p.m. at 68-1122 North Kaniku Drive in the Mauna Lani Resort. (808)-885-6130 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. 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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May 31, 2011

KaMilo Offers a Resort Inside the Mauna Lani Resort

KaMilo - Family Pool & Rec CenterThe Mauna Lani Resort is world famous for its top rated Hawaii golf courses, five star hotels, and ideal location on the sun soaked Kohala Coast. The Mauna Lani Resort consistently tops the list for best Hawaii golf resort destinations.  

KaMilo offers homeowners access to the best of the Mauna Lani Resort lifestyle, including a short walk to sandy beaches, shopping, fine dining, spa services, as well as access to the member-only Mauna Lani Beach Club.  But KaMilo offers something unique within our private, gated community. KaMilo homeowners enjoy exclusive access to a community center with one of the most well appointed amenity packages of any new resort community on the Kohala Coast.

Here’s a list of just a few of the features that our homeowners enjoy exclusive access to:

Fitness Center - Our fitness center features state of the art equipment and fantastic views for an early morning workout or any time of day. After your workout, it’s a short walk down to the Mauna Lani shops for a healthy fruit smoothie at Juice Bar 101 or fresh produce from Foodland Farms.

Adult Pool - You can also finish off your workout with a couple of laps in our fitness pool. Designed specifically for fitness enthusiasts of all ages, our uncrowded lap pool means that you’re likely to have lots of space for a workout at any time of day.

Family Pool & Spa - When you’re ready for something more leisurely, our oasis pool and spa is the perfect place to enjoy an afternoon on the sunny Kohala Coast. The Kohala Coast features some of the best weather in the state with an average rainfall of less than 10 inches, making this one of Hawaii’s best destination for sun lovers. Luxuriate in the afternoon sun with a good book or enjoy a late night dip in the outdoor Jacuzzi under the stars.

Gathering Hale (Gathering Pavilion) - When it’s time to gather with friends, our poolside gathering hale (“Hale” is the Hawaiian word for house) is fully equipped with an outdoor grill and plenty of space for entertaining.

Schedule a tour today of our community recreation center by calling our Sales Center at 1.888.674.9877. www.brookfieldkamilo.com

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May 17, 2011

Mauna Lani Ranked in Top 10 for Hawaii Golf Resorts by Condé Nast Traveler

Mauna Lani ranks in the Top Ten Hawaii Golf Resorts by the readers of Condé Nast Traveler.

Kohala Coast, HI – TheMauna Lani Golf Course Mauna Lani Resort has been featured as one of the top ten Hawaii golf resorts in the April 2011 issue of Condé Nast Traveler. The list includes 125 top golf resorts.

“We are thrilled that the Mauna Lani Resort has been recognized by the readers of Condé Nast Traveler again. The Mauna Lani Golf Course is consistently recognized as a top Hawaii golf destination, and it is one of the reasons that we are excited to be building our flagship community here,” says Jeff Prostor, President of Brookfield Homes Hawaii.  KaMilo, a gated community of 137 single family and paired homes, is located alongside the Mauna Lani North Golf Course.

The Mauna Lani Resort is also the only US property to be honored as one of the world’s “Top Luxury Eco-Friendly Beach Destinations” by Condé Nast Traveler.  Its progressive solar system generates the most solar electric power of any luxury resort in the world.  Preservation of the area’s natural resources is an important part of the resort experience.

“It’s an ideal location for golf enthusiasts as well as those who are thoughtful of our environment. The combination of ideal weather, spectacular views, natural preservation, and a consistently top-ranked golf course make this a great place to vacation and live,” says Prostor.

Brookfield Homes Hawaii currently offers the only community of new homes being built along the Mauna Lani Golf Course.  A designer furniture package of up to $50,000 is being offered for a limited time on select homes currently in construction. Visit www.brookfieldkamilo.com for details about this offer.

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. 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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April 28, 2011

Lower prices drive rebound in resort home sales

Higher demand and improved buyer confidence also helped the boost

By Andrew Gomes email agomes@staradvertiser.com

POSTED: 01:30 a.m. HST, Apr 28, 2011

Buyer demand for Hawaii homes broadly rebounded last year, and a new report shows that the same was true for one segment of the state's housing market: resort residences.

Sales of condominiums and single-family homes — new and previously owned — as well as house lots at master-planned resorts such as Wailea on Maui, Mauna Lani on Hawaii island and Princeville on Kauai ended a four-year slide with a 42 percent surge to 1,473 properties last year from 1,040 the year before.

The surge was in line with home sale increases for all homes on the neighbor islands, where gains last year ranged roughly from 20 percent to 60 percent. Most resort home sales were on the neighbor islands as opposed to Oahu, where the rebound for all home sales last year was closer to 10 percent.

The report by local market researcher Ricky Cassiday of Data@Work said the rebound in resort home sales was aided by improved confidence among buyers and the slow economic recovery, though the big driver appeared to be lower prices.

"No way around it," Cassiday said in the report. "This strong rebound in activity is thanks to dramatically falling prices."

The average sale price was $1.1 million last year, down 14 percent from nearly $1.3 million the year before.

Cassiday's report said the average peaked in 2008 at nearly $1.6 million, which put the cumulative decline since then at 29 percent.

It's uncertain whether prices will rebound this year. The 2009-10 price decline was a record. The previous record drop for resort home average prices in Hawaii occurred in a single year, 1977, when the average fell 27 percent, according to Cassiday.

Cassiday said Hawaii's resort home market this year likely will either see prices stabilize, which could slow sales, or further price drops that would help sales continue rising. He said he's betting more on prices rising slightly.

Last year, many resort home sellers were dropping prices. In other cases, lenders were pricing property attractively after foreclosure.

Cassiday's report said 9 percent of resort home sales last year were foreclosures that sold for an average $737,343 compared with an average $1.35 million for nonforeclosure resort home sales. A report by RealtyTrac released earlier this year said 11 percent of all home sales in Hawaii were foreclosures last year.

Another factor in the average price decline has been developers cutting back on building high-end homes amid the economic downturn.

Developers sold 371 new resort homes last year, an 11 percent decline from the year before, the report said.

The divergence helped pull down the average sale price for all resort homes last year, as the average new home sold for $1.5 million compared with $971,277 for the average previously owned home.

Cassiday expects developers will have a smaller share of resort home sales this year if buyer demand grows ahead of home production by cautious developers slowly resuming construction.

In some cases, developers are offering incentives to spur sales.

Earlier this year, Castle & Cooke tried auctioning all its unsold inventory of resort property on Lanai. The company offered 11 homes and three lots, and ended up selling five condos at Manele Resort for close to $1.2 million each on average, or about 80 percent of the price for the most recent previous sale at Manele last year.

Last month, Brookfield Homes Hawaii publicized efforts to sell three golf course homes in its KaMilo subdivision at Mauna Lani with prices starting at $799,000. Last week, Brookfield announced an incentive of up to $50,000 in free designer furnishings for buying select KaMilo homes before May 15.

According to Cassiday's report, there were 386 sales last year at the least expensive end of the market, between $250,000 and $499,000. At the high end, there were 358 sales for properties of more than $1 million.

Near the height of the market in 2006 and 2007, there were about 150 sales under $500,000 in each year compared with about 800 sales over $1 million.

$1.1 million. The Valley Island has held the top spot since at least 2006. The average on the Big Island was $704,328, followed by $465,369 on Oahu and $428,690 on Kauai. 

Maui also had the most sales at 562. Hawaii island was next at 401, followed by Kauai at 345 and Oahu at 162.

http://www.staradvertiser.com/business/businessnews/20110428_Lower_prices_drive_rebound_in_resort_home_sales.html

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