In October of 2007  five condominiums sold in Wailea/Makena. That number looks anemic until one remembers that only 2 sold in October 2006 and 2 in 2005. October just reflects the fact that September is a very slow tourist month. Two of the sales were in oceanfront complexes. While conclusions based upon only five sales should be drawn cautiously, the median sale price of $2 million was very strong as was the per square foot average of $1409. The oceanfront sales both went for over $2500 psf. Time on the market was an extended 234 days and sellers received 90% of their most recent asking price.

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