Sales of Wailea/Makena single family homes were up from 29 in 2006 to 35 sales in 2007. And the median price on completed sales was up 2.5% from $2,060,000 to $2,112,000. Not bad given all the negative publicity and stats around national sales during 2007! It is also interesting to note that the gap between List and Sold price narrowed from an average of -8.5% in 2006 to -6.4% in 2007. Are owners pricing more realistically?!!
FYI here are selective stats. I will shortly be providing more insights into Wailea condo sales and the trend in withdrawals and cancellations.
| Wailea/Makena Single Family Homes 2007 vs 2006 | ||||||
| Sold | List Price | Sold Price | Sold:List | DOM | Living SF | |
| Total 2006 Median | 29 | $2,495,000 | $2,060,000 | -17.4% | 183 | 2851 |
| Total 2007 Median | 35 | $2,125,000 | $2,112,000 | -0.6% | 191 | 3006 |
| Versus 2006 | 20.7% | -14.8% | 2.5% | 4.4% | 5.4% | |
| Total 2006 Average | $3,900,724 | $3,584,190 | -8.1% | 208 | 3291 | |
| Total 2007 Average | $3,634,271 | $3,364,921 | -7.4% | 210 | 3119 | |
| Versus 2006 | -6.8% | -6.1% | 1.4% | -5.2% | ||
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