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.