June 2013

Found 5 blog entries for June 2013.

As we monitor the Wailea real estate market, it becomes evident that values are on the rise, inventory is low, and distressed properties are virtually non-existent - and the few that make it on the market are being sold well within the scope of fair market value.

Such was the sale of 3220 Pikai Way in the 'Little Kai' section of Wailea Kai. Listed on April 30th for $1.33M, it was arguably on the high end of its potential value. But with its massive size of over 3,400 square feet, it was bound to appeal to someone looking for significant size while being within walking distance to one of the best beaches in the world, Keawakapu Beach.

Interested in other properties in Wailea Kai? Contact us, we know the mircor market exceedingly well and can

The Makena real estate market continues to evolve quickly and discerning buyers interested in purchasing a Makena condo or estate must remain vigilant and up-to-date in order to make informed decisions. For the third week of June, these are the noteworthy developments:

6699 Makena Road - New Listing

This new listing across from Big Beach is in a private, gated subdivision and has never been offered before. It is a custom, environmentally-friendly Hawaiiana style plantation estate on a very large (31,000 square feet) parcel with significant privacy. With 4 bedroom and 3.5 bathrooms encompassing 3,400 sq. ft. of interior living space, it represents a very strong value in the luxury South Maui market.

37 Ualei Place - Price Adjustment

Since its introduction, One Palauea Bay has been a highly desirable subdivision in Makena for the discerning buyer looking for a showcase-quality home on a large parcel (all lots are slightly over 1 acre) without the price point of being beachfront in Makena. And in expertly knowing the Makena micro-market, we examine new inventory and sales.

And as previously noted, the sale on June 3rd of 22 Ualei Place recorded for $5M. Originally listed for $6.85M on October 15, 2012, it went through a couple of price adjustments, down to its last asking price of $5.998M. It had last been sold on October of 2011 for $2.788M, but was not yet completed. The seller took great care in bringing it up to its full potential before marketing it for sale.

As of the

As one of the premier properties on Maui, Ho'olei has been a favorite among the most discerning buyers searching for Wailea luxury properties. Has it been able to withstand the dips in the market? Let's take a look below:

As can be noted, due to Hoolei consisting of 3 floor plans, equally divided, the Median and Average prices have been very close to each other, reflective of a very stable micro-market without fluctuations typically caused by large/small transactions. Noteworthy is that values have reached almost the same level as that seeing at the peak of the market, 2007.

And the price per square foot also mirrors the average/median sales prices: Hoolei has recovered from the dip of the recession and is now back at its (arguably rightful)

As the market continues its correction and micro-markets evolve through their own recovery phases, one of our focus areas is the Makena Real Estate market. As such, we are pleased to announce the sale of 22 Ualei today for $5M. The listing was offered by the Wailea Group on October 15, 2012 for $6.85M. Through a series of significant price adjustments, it was sold on June 4, 2013 for $5M.

Given the location of the home and view corridors, we feel that this is a strong value and further reinforces the value proposition of 37 Ualei Place, listed at $9.495M, which is arguably the most impressive of the One Palauea Bay luxury homes.