WAILEA AND MAKENA CONDOMINIUM UPDATE
October 2nd, 2007In September only six condominiums sold in Wailea and Makena. While September is typically a slow month, that is still a weak number. Of the six, three were oceanfront complexes. The overall average per square foot price was a strong $1,153 and the median sale price was $1.34 million. But if you break down those figures, the mountainside complexes saw a weak $751 per square foot while the oceanfront obtained a robust $1,641. Seven more condominiums went into escrow including two at Wailea Beach Villas and at Wailea Point. Inventory for sale remains approximately where it has been with just over 130 units for sale.
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