March 2020

Found 2 blog entries for March 2020.

Since its introduction in the late 1970's, Wailea Elua has been one of the stable micro-markets within the overall Wailea real estate market and South Maui region as a whole. The property consists of 148 units yet in the past 22 years, there have only been 134 sales (some units sold multiple times), with many owners holding on to their properties as a legacy for their family.

With pent up demand and measurably low inventory, there has been upwards pressure on values over the past few years. Let's start by looking at the recent market (trailing 12 months) versus current inventory. As location within the property holds a significant impact on valuation, review the map below so that there can be pertinent context.

Wailea Elua 2020 Sales

The first thing that becomes apparent is that…

Since its introduction, Hoolei has held a very strong presence in the Wailea real estate market due to its unique value proposition: two-level large floor plans (2,500+ approx. square feet), luxurious finishes, big ocean view corridors (unit dependent), superb-craftsmanship, attached garages, private elevator inside each unit, central location in the heart of Wailea, a resort-style pool and entertainment area, to name but a few features. 

With expertise in the Maui luxury condo market, our team keeps a watchful eye on Hoolei. So let's start by taking a bird's eye view of how values at Hoolei have fared since the first sale to the most recent (203 total sales to date, as of the date of this post being published).

Hoolei Sales Chart 2020

The first few sales that took place in 2007…