Wailea Makena Market Update for September 2017

The average condo price in Wailea - Makena is up roughly 25% at $1,751,918 as of this September versus the same period last year when it was $1,403,209 according to the recent statistics released by the REALTOR Association of Maui (RAM).  The median is also up, but only by 4.5% at $1,150,000 versus $1,100,000 in 2016.  Condominium sales for Wailea - Makena are up 32.9% with pending sales up 18.6%.  There were 105 condominium sales through September this year versus 79 through September last year.  New listings for condominiums coming on the market has dropped slightly by 1.9% though and the average days on market has gone up 3.5% from 173 days on market in 2016 versus 179 days now or 5.9 months.  

Sales of single family homes in Wailea/Makena have gone up 22.2% this year with the average price going up 7.7% from $4,314,833 to $4,647,500.  The median actually dropped 27.6% to $2,822,500 as the number of ultra high-end properties sold tappered off in 2017.  Currently, single family homes are averaging 168 days on market or 5.6 months.

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