Hawaii Real Estate on the Big Island Strong With New Starts, Recent Sales

Online, February 26, 2011 (Newswire.com) - Brookfield Homes Hawaii reports strong sales activity at Kamilo (www.brookfieldkamilo.com), a new home community of 137 single family and paired homes at the Mauna Lani Resort on the Kohala Coast (http://www.brookfieldkamilo.com/kohala-coast.php).

"We've seen a recent increase of buyers looking for Hawaii real estate on the Big Island (http://www.brookfieldkamilo.com) which contributed the recent sellout of our previous phase. Interest is strong in our new release, which features some of the best locations in the Mauna Lani Resort (http://www.brookfieldkamilo.com/mauna-lani-resort.php)," says Jeff Prostor, President of Brookfield Homes Hawaii.

Brookfield Homes Hawaii is one of the only developers currently building new single family and paired homes on the Kohala Coast.

"We are definitely seeing buyers return to the resort market. Inventory of new single family homes on the Kohala Coast is low, which is driving up demand. Prices and interest rates are still at historic lows and buyers are feeling the economy stabilize. We see a lot of buyers who are taking advantage of current prices and rates to buy the limited inventory that is available," says Prostor.

KaMilo, a private gated community within the Mauna Lani Resort, features homes ranging from approximately 1,653 to 2,489 square feet. The newest phase is currently under construction with deliveries expected in Summer 2011.

"The Mauna Lani Resort is a world class destination resort. A lot of our buyers come here on vacation and end up buying because of the unique lifestyle resort that is only available here," says Prostor.

Buyers can learn more about the new homes at KaMilo by visiting the official website: http://www.brookfieldkamilo.com or contact the Sales Concierge at (888) 898-5883. Models are open Monday through Friday 10 a.m. to 5 p.m. at 68-1122 North kaniku Drive Kamuela, Hawaii 96743.