2011 has been a good year for condo sales in Wailea with the average sales price increasing a bit over 2010 and the number of sales holding steady.
There were 103 condo sales in Wailea for 2011, which is only 1 sale short from the total sales in 2010 (104 sales). For the entire Wailea condo market, the average sales price in 2011 has increased to $1,548,654 which is up 1.52% from 2010 (average sales price in 2010 was $1,525,521).
2 Bedroom condos saw the best value growth in Wailea
In 2011 the average sales price for 2 bedroom Wailea condos increased 4.44% to $1,267,963 (2010 was $1,214,081) and the average price per square foot increased 12.27% to $885.24/sqft (2010 was $788.51).
|Number of Sales||40||44||Up 4|
|Total Sales Volume||$48,563,254||$55,790,388||Up 14.88%|
|Average Sales Price||$1,214,081||$1,267,963||Up 4.44%|
Sales prices decline for 1 and 3 bedroom condos
There were significant declines for sales of 1-bedroom condos and 3-bedroom condos, the charts below and compare sales activity between 2010 and 2011.
|Number of Sales||24||11||Down 13|
|Total Sales Volume||$15,179,455||$5,510,000||Down 63.70%|
|Average Sales Price||$632,477||$500,909||Down 20.80%|
|Number of Sales||36||45||Up 9|
|Total Sales Volume||$89,669,500||$89,881,500||Up 0.24|
|Average Sales Price||$2,490,819||$1,997,367||Down 19.81|
While the average sales price for 3 bedroom condos may be down by 19.81%, there is one community in specific that had great increases in 2011. The 3 bedroom Hoolei condos had more than a 21% increase in average sales price.
Wailea condos that sold well in 2011
Below is a brief list of condominiums in Wailea that saw an increase the the average sales price…