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).



The first few sales that took place in 2007…

With expertise in the Wailea real estate, our team keeps a close eye on the market at the micro granular level, for each condominium and subdivision in the Wailea and Makena area. As such, let's take time to review how the Hoolei condo market is doing through the first half of the year.

Active

To start, let's look at active inventory. 

Hoolei T-2 - Located on the row closest to Wailea Alanui Dr., units in buildings S and T are generally the lowest priced at Hoolei due to being exposed to more road noise and having less elevation (lesser ocean view corridors). This Maile floor plan is spacious, with over 2,400 square feet. Priced at $2.1M, it is slightly above comparable recent sales in building T and S, we'll see if there's enough in the market to bear…

Micro-markets throughout the Maui real estate MLS can experience different market conditions based on several factors (i.e. competing inventory, availability of financing, available inventory, economic conditions in feeder-markets). And with a keen eye on the Ho'olei micro-market, we are pleased to publish our 2014 Infograph:

Contact

Thinking of purchasing or selling a Hoolei condo for sale? Contact us - our team encompasses leading experts of the Wailea real estate market and we would love to answer any questions.

In maintaining a diligent pulse on the Hoolei condo market and providing our clients with the most up-to-date, insightful data on which to make informed decisions, we compiled the most comprehensive sales report for Ho'olei. This report takes into account every sale recorded as reported by the Realtors Association of Maui. For those interested in purchasing a Ho'olei condo for sale, contact us for a private consultation.

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)

…