Get Off the Sidelines and Buy!

The Wailea condo market has been very active in first few months into the year. My colleagues and I expect a very productive 2014 as the real estate market is on the up. I think it’s safe to say that buyers feel very confident in the market, for the first time since the crash in ’08.

Ho’olei Unit 23-5 sold back in February by the Sayles Team for $2,650,000

As of today (March 11), there have been 15 condos sold for a total sales dollar volume of $24,300,888. For the 15 condos sod, the average days on the market 202. However, that number is a little skewed as a few of the units that were recently sold were well overpriced causing them to sit on the market longer than they were to if priced accurately. The longest a condo sat on the MLS for was 604 days and the shortest was 9! The most overwhelming statistic was that on average, buyers paid $40,000 under the asking price; a very good piece of business done on both sides.

Ho’olei Unit 17-1 sold for $2,600,000, buyers represented by the Sayles Team

As of today, there have been three Ho’olei units sold for a sales volume of $7,825,000; the Sayles Team was involved in all three deals. Another hot community recently has been the Grand Champions, a lovely little golf course community thats sits across an Old Wailea Blue fairway from Kai Malu. There has also been three units sold in the Grand Champions, the average selling price was $593,333.

Wailea Elua Unit 305 sold for $1,750,000

The Wailea market is poised to get even hotter as there are 14 condos in the escrow process, the project sales volume of the units in escrow is a whopping $33,138,900. There are three Ho’olei units currently escrow, all within closing very soon. The highest priced condo in escrow is a spectacular mini project, Makena Sunset, valued at $10,250,000. There is another wonderful listing in escrow, Wailea Point Unit 2704, listed for $4,850,000.

Ho’olei Unit 21-1 in escrow, listed by the Sayles Team for $2,695,000

Currently, there are 124 Wailea condos for sale with a total sales volume of $287,603,700. The lowest priced unit is $504,900 and the highest price point is $10,300,000; which happens to be the Wailea Beach Vill’s most coveted condo-Unit A202. The average listing price works out to be $2,319,384, with the DOM sitting at 154.

Great Wailea Real Estate

Wailea Beach Villas: Unit A202

This 3 bedroom, 3.5 bath villa offers dramatic, unobstructed ocean views, and could be Wailea’s finest oceanfront villa. An elegant and spacious floor plan, this unit features the convenience of single level living.

The kitchen was designed and built by Studio Becker, and is highlighted by: granite/marble countertops, travertine/limestone flooring, African mahogany, and Studio Becker cabinetry. Upgrades include: Venetian plaster throughout, a custom powder room, and enhanced lighting features. The unit also includes a designer drapery package and custom closet system. Offering unparalleled privacy and luxury, this unit is listed for $10,900,000.

King of the Hill: Unit 63-6

Best of the best. Ho’olei B6 is the premier Hibiscus villa in the entire community and is listed for $3,400,000. Situated directly across from the Four Seasons Wailea and Grand Wailea Hotel, this villas represents the best Wailea has to offer. With dramatic ocean views clear out to Molokini and Lanai, Ho’olei B6 boasts 3076 sq. ft. of interior footage.

The three bedrooms in this residence are like a retreat: each including an ensuite bath and plush cabana antigua carpeting. For those seeking the privacy of an upscale residence with the ease of a condominium living, this villa offers a tremendous opportunity. Finely appointed and being offered fully furnished.

For Sale: Unit 2002

Absolutely stunning, modern residence listed for $2,850,000. Magnificently remodeled by acclaimed builder Pat McCarthy. Unbelievably spacious. Beautiful ocean views toward West Maui, with awesome view of Haleakala as a bonus. This is a must see. Former lanai space of 339 sq. ft. was converted to interior space, creating a vast, sumptuous main living area. Plus, a gorgeous loft of approximately 500 sq. ft. was added, with sitting room / den and master suite with bath.

Approx. $1.4m of interior improvements. Wailea Point has gated entry, 24-hour roving security, two elaborate pool pavilion areas, a 25-meter lap pool, spas, full kitchens, tennis court, paddle & pickle ball courts, modern fitness gym, barbeque areas & more.

Contact a South Maui Real Estate Specialist

In addition to being the in house sales team at Ho’olei, the Dano Sayles Team is also the exclusive listing brokers for the community Hokulani Golf Villas for sale. We are committed to spreading the aloha spirit, and helping our clients find their perfect Maui lifestyle.

Community pool house with Kihei’s best infinity pool

Please feel free to stop by our new sales office located just Honopiilani Highway on Lipoa Parkway; we are located within the community. We currently hold office hours from 9AM-5PM daily. We will always have a sales agent on hand to answer any and all of your questions.

Aloha,