Wailea Fairway Villas August 2018 Market Analysis
Year-to-date through August 2018, there were 5 Active Listings at the Wailea Fairway Villas consisting of 4 two-bedroom units and 1 three-bedroom unit. The two-bedroom units ranged in price from $639,000 to $759,999 with an average price of $722,000 and price per square foot of $760.80. By removing the one unit listed at $639,000 that was not located along the golf course, the average price increased to $749,666. The three-bedroom unit was listed at $819,000.
There were 2 properties Pending in Escrow at the end of August. The 2 units had list prices of $759,000 and $789,000 and were along the golf course.
Through August, there were 12 sales year-to-date consisting of 10 two-bedrooms units and 2 three-bedroom units. The two-bedroom units averaged $688,400 with a high sale of $765,000 and a low of $590,000. Taking the three off golf course units out of the mix, the average for the golf course locations increased to $699,142. The 3 units that sold off the golf course averaged $596,666.
The 2 three-bedroom sales closed at $902,000 and 910,000 for an average price of $906,000.