WAILEA FIRST QUARTER RESULTS

April 5th, 2009

Condominium sales in the Wailea-Makena area fell 65% in the first quarter from the same period a year ago. Median sale price actually increased 46% as buyers focused on larger units. Per square foot values increased 6.4%.. Single family home sales declined 50%, median sale price increased 26% but per square foot values, the better measure, declined 13%.

 

Prices here held up far better than for Maui real estate generally.

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