Sales of Wailea Homes Mark a Shift in the Market
As the Wailea real estate market continues its recovery and absorption increases, we are pleased to announce two more sales this week - reflecting a significantly shifting market:
85 Pukolu Place - A short sale in Wailea Kai, the buyer exercised patience and was rewarded by purchasing this 4,200+ square foot home for $1.06M. It was listed for $1.2M, went under contract on 12/12/2012 and closed escrow 05/01/2013 for $1.06M
370 Pualoa Nani Place - This Wailea Pualani Estates luxury home showed that well-priced homes are being sold quickly. Introduced on 02/05/2013 with an asking price of $995K, it went under contract on 03/01/2013 and closed 04/26/2013 for $945K.
We keep a watchful eye on the…