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Market report of Wailea Condos for sale for April 15 2011

The average asking for 1 bedroom condos in Wailea is has fallen in the last month by more than $54,000. The current average list price 1 Bedroom Wailea condos for sale is now $832,939 compared to $887,550 in March – prices seem to be edging back to February 2011 average of $846,795. Read below for a more detailed analysis of the current Wailea condo market.

Wailea condo activity for the last 2 weeks

Latest Wailea condos listings

Since April 1, 2011 there have been 3 new Wailea condo listings. Two of the listings are below $700,000 for Palms at Wailea condos for sale and Wailea Palms condos for sale. The third new listing is for Ho’olei Villa 87-5 which is an original developer offering priced at $2,750,000.

Recent price reductions

There have been at least 8 price reductions for Wailea condos in the last 14 days. If you are looking at Makena Surf condos for sale then you might be interested in Unit Unit B206 (MLS #338386) which had a $100,000 price reduction and is now listed at $2,385,000. There have been 2 price reductions for Wailea Fairway Villas for sale including unit M201 (MLS #347621) which had a $54,000 price reduction.

Wailea pending sales

A total of 3 Wailea condos went under contract since April 1st including a significant Wailea Beach Villas condo for sale which is listed at $4,475,000. A Wailea Point condo listed at $2,995,000 went back under contact and most recently a Kai Malu condo went pending on 04/13/2011.

Recent Wailea condo sales

The last 14 days has been busy with Wailea condo sales. There were a total of 5 Wailea condo sales in this period, the highest sale of the list was for Ho’olei Villa 57-4 which sold on 4/14/2011 for $2,600,000. This was the only sale above $900,000 between April 1 and April 15, 2011 – the next highest sale was a Kanani Wailea condo which sold for $850,000. The lowest sale was a Wailea Ekolu condo which sold on 4/7/2011 for $410,000.

1 Bedroom Wailea condos for sale

Number of available properties: 19
Average asking price: $832,939
Average living area: 957 square feet
Average price per square foot: $871.17

2 Bedroom Wailea condos for sale

Number of available properties: 58
Average asking price: $1,670,371
Average living area: 1,402 square feet
Average price per square foot: $1,140.50

3 Bedroom Wailea condos for sale

Number of available properties: 52
Average asking price: $2,537,250
Average living area: 2,282 square feet
Average price per square foot: $1,056.40

Overview of Wailea and Makena condo communities

Below is a current list of all the condominiums for sale in Wailea/Makena sorted by building name.

Building name Active listings Average Price Average living area Average Price per SQFT
Grand Champions 6 $576,483 1,131 $508.75
Hoolei 17 $2,657,824 2,743 $975.22
Kai Malu 16 $1,407,375 1,814 $777.41
Kanani Wailea 2 $984,500 2,299 $427.10
Makena Place 3 $9,527,667 4,973 $2,169.70
Makena Surf 5 $2,705,000 1,443 $1,938.44
Na Hale O Makena 5 $1,633,000 2,105 $774.80
Palms at Wailea 12 $764,729 1,125 $673.21
Papali Wailea 2 $2,695,000 2,386 $1,129.51
Polo Beach Club 4 $2,162,250 1,212 $1,779.73
Wailea Beach Villas 10 $4,586,200 2,302 $1,900.56
Wailea Ekahi 13 $1,156,000 1,011 $1,133.43
Wailea Ekolu 8 $921,713 1,336 $691.40
Wailea Elua Village 6 $2,247,167 1,250 $1,780.23
Wailea Fairway Villas 7 $599,000 1,037 $574.74
Wailea Palms 9 $877,889 1,302 $677.21
Wailea Point 9 $4,943,889 2,312 $2,060.58
Wailea Town Center 1 $1,268,000 1,910 $663.87
Grand Total 135 $2,120,158 1,769 $1,109.15

See all the latest Wailea condos for sale

Below are the most recently listed and updated condominiums for sale in Wailea.

4000 WAILEA ALANUI DR #1602

4000 WAILEA ALANUI DR #1602
Price: $17,500,000
Beds: 3
Baths Total: 3
Sqft: 3850
Acres: 26.4
City: Kihei
State: HI
Zip: 96753

10 WAILEA EKOLU PL #1207

10 WAILEA EKOLU PL #1207
Price: $2,095,000
Beds: 2
Baths Total: 2
Sqft: 1071
Acres: 18.45
City: Kihei
State: HI
Zip: 96753

4000 WAILEA ALANUI DR #1202/1204

4000 WAILEA ALANUI DR #1202/1204
Price: $18,000,000
Beds: 4
Baths Total: 6
Sqft: 4273
Acres: 28.11
City: Kihei
State: HI
Zip: 96753

155 WAILEA IKE PL #21

155 WAILEA IKE PL #21
Price: $1,645,000
Beds: 2
Baths Total: 2
Sqft: 1148
Acres: 12.22
City: Kihei
State: HI
Zip: 96753

3800 WAILEA ALANUI DR #404

3800 WAILEA ALANUI DR #404
Price: $5,888,000
Beds: 2
Baths Total: 2
Sqft: 1978
Acres: 10.74
City: Kihei
State: HI
Zip: 96753

3300 WAILEA ALANUI DR #48E

3300 WAILEA ALANUI DR #48E
Price: $1,475,000
Beds: 1
Baths Total: 2
Sqft: 792
Acres: 34.5
City: Kihei
State: HI
Zip: 96753

3800 WAILEA ALANUI BLVD #209

3800 WAILEA ALANUI BLVD #209
Price: $7,900,000
Beds: 3
Baths Total: 3
Sqft: 2521
Acres: 10.74
City: Kihei
State: HI
Zip: 96753

69 MAKAKEHAU ST #I4

69 MAKAKEHAU ST #I4
Price: $5,950,000
Beds: 3
Baths Total: 4
Sqft: 2619
Acres: 30.167
City: Kihei
State: HI
Zip: 96753

43 WAILEA GATEWAY PL #1-201

43 WAILEA GATEWAY PL #1-201
Price: $2,995,000
Beds: 3
Baths Total: 2
Sqft: 1386
Acres: 7.386
City: Kihei
State: HI
Zip: 96753

10 WAILEA EKOLU PL #909

10 WAILEA EKOLU PL #909
Price: $2,200,000
Beds: 2
Baths Total: 2
Sqft: 1071
Acres: 18.45
City: Kihei
State: HI
Zip: 96753

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