Wailea & Makena Condominium Market Update: Q2 | 2023

Posted by Courtney M. Brown on Friday, July 28th, 2023 at 5:23pm.

WAILEA CONDOMINIUM MARKET UPDATE: Q2 2023 

Wailea Condos for SaleWailea Resort Condominiums

Wailea Condominiums

Wailea is home to several different condominium resorts, including the Andaz, Grand Champions, Ho'olei, Kai Malu, Kanani Wailea, Keala O Wailea, Palms at Wailea, Wailea Palms, Makalii, Papali, Polo Beach Club, Wailea Beach Villas, Wailea Ekahi, Wailea Ekolu, Wailea Elua, Wailea Fairway Villas, Wailea Point, and Wailea Town Center.

Makena is home to the Makena Golf & Beach Club, Makena Surf, Na Hale O Makena

WAILEA & MAKENA CONDOS Q2 2023 2022 2021 2020 2019 2018
Number of Sales 47 130 315 144 140 214
Volume $157,537,949 $359,939,459 $673,905,402 $321,397,970 $268,736,001 $327,196,895
Low Sales Price $1,095,000 $650,000 $375,000* $683,550 $599,000 $275,000*
High Sales Price $13,000,000 $12,000,000 $16,000,000 $15,400,000 $10,866,000 $10,000,000
Median $1,995,000 $1,757,500 $1,550,000 $1,420,000 $1,282,500 $1,165,000
Average SP $3,351,871 $2,768,765 $2,139,382 $2,231,930 $1,919,543 $1,528,957
Average SP/Sq. Ft. $1,762 $1,719 $1,269 $1,176 $1,119 $995
Average DOM 184 92 350 347 211 351
Average SP/LP 97% 99% 99% 97% 97% 97%

How does the market through the second quarter of 2023 stack up for each community as compared with prior years?

A FIVE-YEAR OVERVIEW

Andaz Wailea

Andaz Wailea Condos for Sale

Andaz Residences Q2 2023 2022 2021 2020 2019 2018 2017
Sales 0 1 1 0 0 0 4
Volume $0 $11,900,000 6,950,000 $0 $0 $0 $18,495,000
Low SP NA $11,900,000 6,950,000 NA NA NA $4,250,000
High SP NA $11,900,000 6,950,000 NA NA NA $5,500,000
Median SP NA $11,900,000 6,950,000 NA NA NA $4,372,500
Average SP NA $11,900,000 6,950,000 NA NA NA $4,623,750
Average SP/Sq. Ft NA $4,229 2,470 NA NA NA 1681
Average DOM NA 132 267 NA NA NA 271
Average SP/LP NA 100% 96% NA NA NA 100%

 

Grand Champions

Grand Champions Condos for Sale

Grand Champions Q2 2023 2022 2021 2020 2019 2018
Sales 5 10 29 12 13 9
Volume $7,365,000 $13,135,000 $26,155,500 $10,102,550 $10,298,900 $6,152,000
Low SP $1,150,000 $850,000 $659,000 $683,550 $685,000 $528,000
High SP $1,700,000 $1,595,000 $1,295,000 $1,200,000 $1,199,000 $1,000,000
Median SP $1,515,000 $1,350,000 $799,000 $795,000 $760,000 $640,000
Average SP $1,473,000 $1,313,500 $901,914 $841,879 $792,223 $683,556
Average SP/Sq. Ft $1,407 $1,216 $825 $738 $732 $645
Average DOM 111 92 150 98 144 150
Average SP/LP 95% 99% 99% 97% 97% 98%

 

Ho'olei

Hoolei Condos for Sale

Ho'olei Q2 2023 2022 2021 2020 2019 2018
Sales 0 7 13 8 9 7
Volume $0 $36,800,000 $45,151,000 $25,180,000 $27,155,000 $18,442,500
Low SP NA $4,325,000 $2,899,000 $2,250,000 $2,535,000 $1,750,000
High SP NA $6,225,000 $4,350,000 $3,500,000 $3,450,000 $3,212,500
Median SP NA $5,000,000 $3,500,000 $3,452,500 $3,050,000 $3,100,000
Average SP NA $5,257,143 $3,473,154 $3,147,500 $3,017,222 $2,634,643
Average SP/Sq. Ft NA $1,935 $1,322 $1,156 $1,108 $1,025
Average DOM NA 51 83 144 131 253
Average SP/LP NA 101% 96% 94% 96% 96%

 

Kai Malu at Wailea

Kai Malu at Wailea Condos for Sale

Kai Malu Q2 2023 2022 2021 2020 2019 2018
Sales 4 7 21 5 17 12
Volume $10,045,000 $15,919,000 $33,969,100 $8,155,000 $25,244,000 $17,968,500
Low SP $2,095,000 $1,999,000 $1,300,000 $1,495,000 $1,245,000 $1,150,000
High SP $2,750,000 $2,615,000 $1,940,000 $1,750,000 $1,942,500 $1,850,000
Median SP $2,600,000 $2,200,000 $1,610,000 $1,685,000 $1,375,000 $1,475,000
Average SP $2,511,250 $2,274,143 $1,617,576 $1,631,000 $1,438,765 $1,497,375
Average SP/Sq. Ft $1,398 $1,243 $898 $902 $819 $826
Average DOM 84 62 80 137 196 130
Average SP/LP 96% 99% 100% 98% 96% 96%

Kanani Wailea

Kanani Wailea Condos for Sale

Kanani Wailea Q2 2023 2022 2021 2020 2019 2018
Sales 2 3 6 1 2 3
Volume $4,050,000 $5,780,000 $8,617,000 $1,188,000 $2,398,000 $3,424,000
Low SP $1,750,000 $1,680,000 $1,150,000 $1,188,000 $998,000 $959,000
High SP $2,300,000 $1,900,000 $1,900,000 $1,188,000 $1,400,000 $1,450,000
Median SP $2,025,000 $1,900,000 $1,321,000 $1,188,000 $1,999,000 $1,015,000
Average SP $2,025,000 $1,926,667 $1,436,167 $1,188,000 $1,999,000 $1,141,333
Average SP/Sq. Ft $981 $865 $658 $573 $573 $514
Average DOM 77 72 163 310 310 232
Average SP/LP 94% 99% 100% 99% 94% 97%

 

Keala O Wailea

Keala O Wailea Condos for Sale

Keala O Wailea Q2 2023 2022 2021 2020 2019 2018
Sales 1 4 12 9 13 77
Volume $2,400,000 $847,000 $23,053,000 $12,695,000 $18,859,000 $95,538,057
Low SP $2,400,000 $1,445,000 $1,280,000 $1,225,000 $1,060,000 $739,900
High SP $2,400,000 $2,727,000 $2,550,000 $1,670,000 $2,450,000 $2,300,000
Median SP $2,400,000 $2,162,500 $1,762,500 $1,415,000 $1,349,000 $1,149,900
Average SP $2,400,000 $2,124,250 $1,921,083 $1,410,556 $1,450,692 $1,240,754
Average SP/Sq. Ft $1,923 $1,593 $1,278 $1,094 $1,050 $887
Average DOM 35 65 128 155 121 763
Average SP/LP 100% 103% 98% 97 98% 100%

 

Makali'i

Makalii Condos for sale

Makalii Q2 2023 2022 2021 2020 2019 2018
Sales 3 5 71 14 0 0
Volume $9,195,000 $14,110,000 $132,792,000 $21,094,000 $0 $0
Low SP $2,700,000 $1,750,000 $1,015,000 $1,250,000 NA NA
High SP $3,400,000 $3,300,000 $3,200,000 $1,950,000 NA NA
Median SP $3,095,000 $2,990,000 $1,812,000 $1,498,000 NA NA
Average SP $3,065,000 $2,822,000 $1,870,310 $1,506,714 NA NA
Average SP/Sq. Ft $1,784 $1,647 $1,113 $923 NA NA
Average DOM 116 327 1170 1283 NA NA
Average SP/LP 95% 100% 100% 100% NA NA

Makalii is a new development that launched in 2020 with presales beginning years prior.  As such, days on market include build time and developer sales sell at 100% of asking

Makena Golf & Beach Club

Makena Golf & Beach Club Condos for Sale

Makena Golf & Beach Club Q2 2023 2022 2021 2020 2019 2018
Sales 0 3 2 13 8 0
Volume $0 $26,806,000 $23,027,000 $91,931,000 $79,848,000 $0
Low SP NA $6,350,000 $10,527,000 $4,950,000 $9,037,000 NA
High SP NA $11,256,000 $12,500,000 $15,400,000 $10,886,000 NA
Median SP NA $9,200,000 $11,513,500 $7,044,000 $9,651,000 NA
Average SP NA $8,953,333 $11,513,500 $7,071,615 $9,981,000 NA
Average SP/Sq. Ft NA $1,995 $3,175 $1,929 $2,921 NA
Average DOM NA 160 84 1071 1096 NA
Average SP/LP NA 100% 98% 100% 100% NA

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Makena Surf

Makena Surf Condos for Sale

Makena Surf Q2 2023 2022 2021 2020 2019 2018
Sales 0 5 8 5 2 6
Volume $0 $24,000,000 $27,495,000 $16,724,990 $4,848,000 $15,110,000
Low SP NA $3,800,000 $2,735,000 $2,350,000 $2,298,000 $1,900,000
High SP NA $5,500,000 $4,000,000 $5,999,990 $2,550,000 $3,600,000
Median SP NA $5,200,000 $3,600,000 $2,850,000 $2,424,000 $2,450,000
Average SP NA $4,800,000 $3,436,875 $3,344,998 $2,424,000 $2,518,333
Average SP/Sq. Ft NA $3,538 $2,439 $1,878 $1,800 $1,963
Average DOM NA 117 114 190 53 161
Average SP/LP NA 95% 97% 95% 101% 93%

Na Hale O Makena

Na Hale O Makena Condos for Sale

Na Hale O Makena Q2 2023 2022 2021 2020 2019 2018
Sales 1 4 6 1 2 3
Volume $2,550,000 $13,400,000 $11,627,790 $1,413,750 $2,975,000 $4,697,750
Low SP $2,550,000 $2,600,000 $1,500,000 $1,413,750 $1,325,000 $1,250,000
High SP $2,550,000 $3,550,000 $2,543,790 $1,413,750 $1,650,000 $1,850,000
Median SP $2,550,000 $3,400,000 $1,867,000 $1,413,750 $1,487,500 $1,597,750
Average SP $2,550,000 $3,350,000 $1,937,965 $1,413,750 $1,487,500 $1,565,917
Average SP/Sq. Ft $1,205 $1,288 $914 $668 $708 $673
Average DOM 36 129 136 107 250 150
Average SP/LP 94% 96% 98% 98% 87% 98%

Palms I at Wailea

Palms I at Wailea Condos for Sale

Palms at Wailea Q2 2023 2022 2021 2020 2019 2018
Sales 4 18 16 15 7 15
Volume $6,581,000 $24,834,000 $15,698,000 $12,349,350 $5,765,001 $12,196,800
Low SP $1,381,000 $985,000 $720,000 $690,000 $686,000 $680,000
High SP $1,950,000 $1,575,000 $1,230,000 $1,400,000 $950,000 $1,288,800
Median SP $1,625,000 $1,400,000 $932,500 $795,000 $875,000 $835,000
Average SP $1,645,250 $1,379,667 $981,125 $823,290 $823,572 $871,200
Average SP/Sq. Ft $1,336 $1,197 $863 $731 $736 $767
Average DOM 60 73 129 175 136 224
Average SP/LP 100% 100% 100% 100% 100% 100%

Palms II at Wailea (Wailea Palms)

Wailea Palms Condos for Sale

 

Wailea Palms  Q2 2023 2022 2021 2020 2019 2018
Sales 2 8 10 5 10 6
Volume $3,683,500 $14,225,000 $11,567,000 $4,299,000 $10,639,100 $4,860,000
Low SP $1,632,500 $1,500,000 $835,000 $725,000 $800,000 $725,000
High SP $2,050,000 $2,550,000 $1,650,000 $1,125,000 $1,600,000 $1,050,000
Median SP $1,841,250 $1,707,500 $1,162,500 $820,000 $990,000 $772,500
Average SP $1,841,250 $1,778,125 $1,156,700 $859,800 $1,063,910 $810,000
Average SP/Sq. Ft $1,341 $1,348 $950 $759 $820 $636
Average DOM 129 65 112 98 100 125
Average SP/LP 99% 100% 98% 98% 95% 95%

 

Papali Wailea

Papali Wailea Condos for Sale

 

Papali Q2 2023 2022 2021 2020 2019 2018
Sales 0 0 4 1 0 1
Volume $0 $0 $16,170,000 $2,600,000 $0 $3,381,000
Low SP NA NA $3,795,000 $2,600,000 NA $3,381,000
High SP NA NA $4,400,000 $2,600,000 NA $3,381,000
Median SP NA NA $3,978,500 $2,600,000 NA $3,381,000
Average SP NA NA $4,042,500 $2,600,000 NA $3,381,000
Average SP/Sq. Ft NA NA $1,694 $1,090 NA $795
Average DOM NA NA 93 609 NA 79
Average SP/LP NA NA 100% 87% NA 100%

 

Polo Beach Club

Polo Beach Club Condos for Sale

Polo Beach Club Q2 2023 2022 2021 2020 2019 2018
Sales 0 2 6 2 3 0
Volume $0 $8,599,808 $20,155,000 $5,157,500 $7,825,000 $0
Low SP NA $3,999,808 $2,200,000 $2,575,000 $2,175,000 NA
High SP NA $4,600,000 $4,675,000 $2,600,000 $3,400,000 NA
Median SP NA $4,299,904 $3,365,000 $2,587,500 $2,940,000 NA
Average SP NA $4,299,904 $3,359,167 $2,587,500 $2,608,333 NA
Average SP/Sq. Ft NA $3,547 $2,696 $1,959 $2,134 NA
Average DOM NA 61 72 102 167 NA
Average SP/LP NA 99% 97% 99% 97% NA

Wailea Beach Villas

Wailea Beach Villas Condos for Sale 

Wailea Beach Villas Q2 2023 2022 2021 2020 2019 2018
Sales 0 5 13 5 1 12
Volume $0 $41,225,000 $78,725,000 $19,944,000 $4,600,000 $55,626,500
Low SP NA $4,550,000 $2,845,000 $2,500,000 $4,600,000 $2,185,000
High SP NA $12,000,000 $14,000,000 $6,895,000 $4,600,000 $10,000,000
Median SP NA $7,800,000 $5,100,000 $3,900,000 $4,600,000 $3,925,250
Average SP NA $8,245,000 $6,055,769 $3,988,800 $4,600,000 $4,635,542
Average SP/Sq. Ft NA $3,160 $2,363 $1,534 $2,110 $1,831
Average DOM NA 76 137 181 336 177
Average SP/LP NA 99% 98% 94% 94% 98%

 

Wailea Ekahi

Wailea Ekahi Condos for Sale

Wailea Ekahi Q2 2023 2022 2021 2020 2019 2018
Sales 6 17 27 18 23 17
Volume $10,570,427 $26,108,750 $31,861,512 $20,185,000 $2,725,700 $19,779,000
Low SP $1,436,627 $650,000 $647,000 $690,000 $650,000 $675,000
High SP $2,300,000 $2,070,000 $2,200,000 $2,750,000 $2,350,000 $2,195,000
Median SP $1,654,400 $1,575,000 $1,070,000 $974,500 $1,020,000 $1,025,000
Average SP $1,761,738 $1,535,809 $1,180,056 $1,221,389 $1,185,087 $1,163,471
Average SP/Sq. Ft $1,962 $1,687 $1,290 $1,147 $1,136 $1,140
Average DOM 110 75 91 154 213 154
Average SP/LP 98% 100% 98% 95% 96% 94%

Wailea Ekolu

Wailea Ekolu Condos for Sale

Wailea Ekolu Q2 2023 2022 2021 2020 2019 2018
Sales 6 11 14 6 12 10
Volume $11,449,500 $18,650,000 $16,403,000 $5,729,999 $12,062,000 $8,315,900
Low SP $1,542,000 $1,105,000 $899,000 $720,000 $645,000 $626,000
High SP $2,362,500 $2,295,000 $1,525,000 $1,100,000 $1,300,000 $1,057,500
Median SP $1,887,500 $1,700,000 $1,172,500 $1,012,500 $1,035,000 $798,500
Average SP $1,908,250 $1,695,455 $171,643 $955,000 $1,005,167 $831,590
Average SP/Sq. Ft $1,801 $1,735 $1,140 $929 $951 $781
Average DOM 110 74 74 90 86 155
Average SP/LP 98% 102% 101% 96% 97% 98%

 

Wailea Elua

Wailea Elua Condos for Sale

Wailea Elua Q2 2023 2022 2021 2020 2019 2018
Sales 1 3 11 2 4 10
Volume $2,800,000 $9,851,000 $29,100,000 $7,415,000 $7,030,000 $20,130,000
Low SP $2,800,000 $2,700,000 $1,550,000 $3,615,000 $1,500,000 $1,245,000
High SP $2,800,000 $4,201,000 $4,350,000 $3,800,000 $1,945,000 $3,800,000
Median SP $2,800,000 $2,950,000 $2,200,000 $3,707,500 $1,792,500 $1,670,000
Average SP $2,800,000 $3,283,667 $2,645,455 $3,707,500 $1,757,500 $2,013,000
Average SP/Sq. Ft $3,143 $2,812 $2,043 $2,945 $1,558 $1,526
Average DOM 116 91 104 144 93 258
Average SP/LP 97% 103% 101% 95% 98% 94%

Wailea Fairway Villas

Wailea Fairway Villas Condos for Sale

Wailea Fairway Villas Q2 2023 2022 2021 2020 2019 2018
Sales 4 11 26 8 9 16
Volume $5,848,022 $12,878,001 $24,430,500 $6,376,000 $6,912,000 $11,374,000
Low SP $1,095,000 $925,000 $725,000 $715,000 $599,000 $589,000
High SP $1,900,000 $1,495,000 $1,450,000 $1,090,000 $1,195,000 $910,000
Median SP $1,426,511 $1,150,000 $890,000 $767,000 $725,000 $720,000
Average SP $1,462,066 $1,170,727 $939,635 $797,000 $768,000 $710,875
Average SP/Sq. Ft $1,132 $1,177 $866 $772 $721 $695
Average DOM 96 94 76 201 200 141
Average SP/LP 97% 99% 99% 97% 98% 98%

Wailea Point

Wailea Point Condos for Sale

Wailea Point Q2 2023 2022 2021 2020 2019 2018
Sales 2 5 17 14 5 10
Volume $10,937,500 $23,110,000 $87,568,000 $48,840,331 $15,040,000 $28,650,888
Low SP $5,162,500 $2,075,000 $375,000* $1,525,000 $1,740,000 $275,000*
High SP $5,775,000 $6,785,000 $16,000,000 $7,500,000 $5,400,000 $4,100,888
Median SP $5,468,750 $4,450,000 $5,000,000 $2,716,250 $2,650,000 $3,200,000
Average SP $5,468,750 $4,622,000 $5,151,059 $3,488,595 $3,008,000 $2,865,089
Average SP/Sq. Ft $2,983 $2,239 $1,945 $1,619 $1,582 $1,461
Average DOM 151 80 169 174 140 130
Average SP/LP 93% 97% 97% 95% 94% 93%
*Sale of a garage            

 

Wailea Town Center

Wailea Town Center Condos for Sale

Wailea Town Center Q2 2023 2022 2021 2020 2019 2018
Sales 0 0 2 0 0 1
Volume $0 $0 $3,390,000 $0 $0 $1,550,000
Low SP NA NA $1,690,000 NA NA $1,550,000
High SP NA NA $3,390,000 NA NA $1,550,000
Median SP NA NA $1,695,000 NA NA $1,550,000
Average SP NA NA $1,695,000 NA NA $1,550,000
Average SP/Sq. Ft NA NA $968 NA NA $812
Average DOM NA NA 71 NA NA 167
Average SP/LP NA NA 104% NA NA 97%

If you are thinking of buying or selling in Wailea or Makena, please contact Courtney M. Brown for more detailed information on the market at each of these Wailea and Makena communities

86 Properties Found. Page 8 of 8

Owner Is Offering A 1/6 Partial Ownership In On...

Photo of Listing #403759

$598,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 2.35 Acres
  • 1,238 ft²

Residential Income

4400 Makena Rd, Unit 201, Wailea/makena, HI

MLS® #403759

Listed By: McEntire Realty

Owner Is Offering A 1/6 Partial Ownership In One Of Maui's Premier Beachfront Condo Locations, In Which A Buyer Can Occupy The Property For 2 Months Every Year. Located On The Preferred Side Of The Building, Offering Southern Exposure And Protection From G...

Owner Is Offering A 1/12 Partial Ownership In O...

Photo of Listing #403758

$299,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 2.35 Acres
  • 1,238 ft²

Residential Income

4400 Makena Rd, Unit 201, Wailea/makena, HI

MLS® #403758

Listed By: McEntire Realty

Owner Is Offering A 1/12 Partial Ownership In One Of Maui's Premier Beachfront Condo Locations, In Which A Buyer Can Occupy The Property For 1 Month Every Year. Located On The Preferred Side Of The Building, Offering Southern Exposure And Protection From G...

Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. This information is historical in nature and not a prediction of future value.  Real estate values can change depending on a variety of market conditions. Interested parties are advised to do their own due diligence and confirm all figures contained herein.

Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty

 

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