May Wailea and Makena Results

In May, ten condominiums were sold in the Wailea-Makena Maui real estate market compared to twelve a year ago. Of those units, six were in oceanfront complexes and four were in mauka complexes. The median sale price of $1.423 million was lower than April but still higher than 2007 averages. The per square foot average, a better indicator, of $1077 also down compared to April and 5% lower than 2007 results. For Wailea oceanfront complexes, the median sale price of $1.438 million  per square foot average of $1288 were both down considerably from 2007 averages. The mauka, or non-oceanfront,  complexes had a median sale price of $1 million and a per square foot average of only $762, again down from 2007 averages. With over 180 condominiums listed for sale, the Wailea condominium market remains sluggish.

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