Maui's spectacular beauty, diversity and comfortable climate lures visitors from all over the world. South Maui, including Wailea, Makena, Kihei and Maalaea has an ideal climate and some of the best amenities available on all the islands. South Maui real estate ranges from inexpensive condos in Kihei to Multi Million dollar oceanfront luxury homes in prestigious Wailea.
In 2007 Wailea home sales increased by 13% from the previous years sales with 36 sales in all. The median sale price of a single family home in Wailea was $2,028,500 in 2007. Kihei real estate is more affordable with a median sale price of $729,850 for a home in 2007, this is down 4% from the 2006 median sales price of $757,500. By far the most reasonable South Maui real estate buy is a Kihei condo, with a median sale price of $427,000.
Many Kihei and Wailea condos allow vacation rentals which gives an investor the opportunity to visit Maui and stay in their own condo part of the year and rent the condo out to vacationers while they are away. Not all Kihei and Wailea condos allow vacation rentals.
When looking to purchase a home or an investment property on Maui, I would be honored to help you with your purchase.
Visit my website at http://www.mauipropertysearch.com/ and search the Maui MLS, learn about Maui's communities and current market conditions.