The Wailea Real Estate market is changing before our very eyes. The days of the great recession on Maui now seem like a distant memory. When I started working real estate full time with my father Dano Sayles in the winter of 2008, times were tough. The bursting of the US housing bubble which peaked in 2007 caused real estate pricing in the Hawaiian islands to plummet, damaging our local economy.
Wailea Golf Estates: One of the finest neighborhoods in the resort
4 of the 5 properties available for sale in the Wailea Golf Estates have gone under contract in 2013. Several of these homes had been on the market for years. The most recent sale in the community was 192 Halau Place (MLS #353398) which sold on March 8th for $2,750,000.00.
Pool View from 192 Halau: A gorgeous estate designed by architect Tim Farrington
As previously mentioned, we could be entering into a seller’s market on Maui in the very near future. There are currently 25 Wailea Condos in escrow which is creating a feeding frenzy amongst buyers.
A wise man once told me, “you really never know when the market has reached the bottom until 6 months later.” If you’ve been on the fence about purchasing real estate on Maui, your time is NOW! For more information on the best deals in Wailea/Makena, please contact me directly. Aloha, Anthony