Mahalo for making us #1… Again!
We’d like to say a heartfelt thank you to all of our great clients and our esteemed fellow Realtors for the success we’ve achieved in 2016 to become #1 on Maui for sales with $65.3 Million in total sales volume! We’re proud of our accomplishment, but the real honor is representing our clients: in 2016 we completed 24 purchases for our buyers and successfully closed 16 listings for our sellers.
We work hard for our clients and once again want to thank them for their loyalty and trust in us as their real estate professionals. We firmly believe in customer service and we go to great lengths to let our clients know they come 1st!
This chart shows the significant rebound for the average sales price for luxury condos at Ho’olei
Now about 8 years since the financial crisis, the real estate market has rebounded significantly! This past year, we now see that buyers are once again confident in the market and are willing to spend their cash on property, whether it be a personal residence, vacation home, or investment condo.
An indicator to consider is how the wealthy are spending their money and their willingness to tie up their cash in a luxury property. In 2015, 9 homes sold on Maui for over $5 million; whereas in 2016, 21 homes sold for over $5 million.
Top Residential Sales by the Sayles Team
3886 Wailea Ekolu Place represents the very best that the Wailea Golf Estates has to offer. This home is absolutely incredible. We are excited our clients were able to purchase such a special and desirable Wailea property. The true beauty of this property is something one just has to enjoy in person. The home was listed at $5,980,000 and sold for $5,863,000.
Cut Price Spreckelsville: 477 Laulea Place
477 Laulea Place is the epitome kama’aiana property and is a premier oceanfront North Shore estate in the prestigious Spreckelsville community. In my opinion, Sprecks boast an understated upscale feel where the homes are subtlety elegant, a more humble contrast to Wailea beachfront estates. The home initially came to market at $7,900,000 back in late October 2015. When our clients decided to put in an offer, the property was listed at $3,900,000; they ended up closing after a 5 week escrow for a final sale price of $3,500,000.
King of Wailea Pualani: 342 Kualono Place
The home boasts just about 1/4 acre which is a fantastically sized lot for Wailea Pualani and Wailea as a whole. We are proud to have negotiated close to $400k off original asking price and were able to close the deal for $2.6 million.
Top Condo Sales by the Sayles Team
Private Collection Gem: Ho’olei 52-1, closed for $3.3M. Marketed through our private collection and sold as a pocket listing
Ho’olei at its Finest: Villa 23-1 We had the unit priced above $3 million and we were able to close at final sale price of $3,075,000 after an 8 week escrow.
We negotiated $100k off list price and were able to close on the property for $2,850,000 after a 6 week escrow.
On this particular deal, we represented the buyers of this Hokulani Golf Villas who closed for $975,000. The property is technically a residential condo which means it is a stand alone home but boasts the perks of condo living. We are extremely well versed in the Hokulani community and are capable of representing buyers on a resale or a new construction home in the complex.
We initially priced the unit at a little over $400k and it closed above list price at $411,000! The unit is placed further back in the Kamaole Sands community and overlooks the pool, so it is a more desirable unit because of its convenient access to the pool but also its coveted location in building six.
Contact a South Maui Real Estate Specialist
Enjoy amazing Wailea nights amongst flickering of tiki torches and soothing waterfalls
Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. I was born and raised on the island, and spend a considerable amount of time to inform my clients about the best deals currently on the market. Please do not hesitate to call me for your Maui real estate needs. I am more than happy to assist you in your home search.
In addition, if you are exploring selling your property, please do not hesitate to reach out to us for a free Home evaluation report.