In July, condominium unit sales in Wailea/Makena were approximately flat to 2006. Median sales price at $968,000 was down compared to both July 2006 and the first six months of 2007. The per square foot average of $1,014 also declined . Oceanfront complexes saw a median sale price of $1.395 million and a per square foot average of $1,117, both down, primarily due t sales mix. Half the oceanfront sales were in Wailea Ekahi. Mountainside complexes obtained a median sale price of $905,000 and a per square foot average of $963. These solid numbers were due to the sale of several premier units which had excellent views and had been remodeled.

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As you know, Paul Brewbaker of bank of Hawaii is our favorite economist when it comes to Hawaiian matters. He has just released his latest Hawaii Economic Trends  and here are some of his key findings: Read More »