Wailea Condominium Market Update: Q1 2024

Posted by Courtney M. Brown on Thursday, April 11th, 2024 at 11:11am.

WAILEA CONDOMINIUM MARKET UPDATE: Q1 2024

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 CONDO SALES Q1 2024 2023 2022 2021 2020 2019
Number of Sales 43 112 130 315 144 140
Volume $138,202,749 $424,827,928 $359,939,459 $673,905,402 $321,397,970 $268,736,001
Low Sales Price $999,999 $1,050,000 $650,000 $375,000* $683,550 $599,000
High Sales Price $10,000,000 $13,000,000 $12,000,000 $16,000,000 $15,400,000 $10,866,000
Median $2,690,000 $2,427,050 $1,757,500 $1,550,000 $1,420,000 $1,282,500
Average SP $3,214,017 $3,793,107 $2,768,765 $2,139,382 $2,231,930 $1,919,543
Average SP/Sq. Ft. $1,840 $1,851 $1,719 $1,269 $1,176 $1,119
Average DOM 453 463 92 350 347 211
Average SP/LP 99% 99% 99% 99% 97% 97%

How does the market through the first quarter of 2024 stack up for each community as compared with prior years?

A FIVE-YEAR OVERVIEW

Andaz Wailea

Andaz Wailea Condos for Sale

 

Andaz Residences Q1 2024 2023 2022 2021 2020 2019
Sales 0 1 1 1 0 0
Volume NA $11,750,000 $11,900,000 6,950,000 $0 $0
Low SP NA $11,750,000 $11,900,000 6,950,000 NA NA
High SP NA $11,750,000 $11,900,000 6,950,000 NA NA
Median SP NA $11,750,000 $11,900,000 6,950,000 NA NA
Average SP NA $11,750,000 $11,900,000 6,950,000 NA NA
Average SP/Sq. Ft NA $4,176 $4,229 2,470 NA NA
Average DOM NA 63 132 267 NA NA
Average SP/LP NA 98% 100% 96% NA NA

 

Grand Champions

Grand Champions Condos for Sale

 

Grand Champions Q1 2024 2023 2022 2021 2020 2019
Sales 0 5 10 29 12 13
Volume NA $7,365,000 $13,135,000 $26,155,500 $10,102,550 $10,298,900
Low SP NA $1,150,000 $850,000 $659,000 $683,550 $685,000
High SP NA $1,700,000 $1,595,000 $1,295,000 $1,200,000 $1,199,000
Median SP NA $1,515,000 $1,350,000 $799,000 $795,000 $760,000
Average SP NA $1,473,000 $1,313,500 $901,914 $841,879 $792,223
Average SP/Sq. Ft NA $1,407 $1,216 $825 $738 $732
Average DOM NA 111 92 150 98 144
Average SP/LP NA 95% 99% 99% 97% 97%

 

Ho'olei

Hoolei Condos for Sale

 

Ho'olei 2024 2023 2022 2021 2020 2019
Sales 3 0 7 13 8 9
Volume $18,450,000 $0 $36,800,000 $45,151,000 $25,180,000 $27,155,000
Low SP $5,850,000 NA $4,325,000 $2,899,000 $2,250,000 $2,535,000
High SP $6,500,000 NA $6,225,000 $4,350,000 $3,500,000 $3,450,000
Median SP $6,100,000 NA $5,000,000 $3,500,000 $3,452,500 $3,050,000
Average SP $6,150,000 NA $5,257,143 $3,473,154 $3,147,500 $3,017,222
Average SP/Sq. Ft $2,225 NA $1,935 $1,322 $1,156 $1,108
Average DOM 35 NA 51 83 144 131
Average SP/LP 99% NA 101% 96% 94% 96%

 

Kai Malu at Wailea

Kai Malu at Wailea Condos for Sale

Kai Malu Q1 2024 2023 2022 2021 2020 2019
Sales 4 5 7 21 5 17
Volume $11,450,000 $12,645,000 $15,919,000 $33,969,100 $8,155,000 $25,244,000
Low SP $1,950,000 $2,095,000 $1,999,000 $1,300,000 $1,495,000 $1,245,000
High SP $3,300,000 $2,750,000 $2,615,000 $1,940,000 $1,750,000 $1,942,500
Median SP $3,100,000 $2,600,000 $2,200,000 $1,610,000 $1,685,000 $1,375,000
Average SP $2,862,500 $2,529,000 $2,274,143 $1,617,576 $1,631,000 $1,438,765
Average SP/Sq. Ft $1,567 $1,399 $1,243 $898 $902 $819
Average DOM 104 77 62 80 137 196
Average SP/LP 99% 97% 99% 100% 98% 96%

Kanani Wailea

Kanani Wailea Condos for Sale

Kanani Wailea Q1 2024 2023 2022 2021 2020 2019
Sales 0 2 3 6 1 2
Volume NA $4,050,000 $5,780,000 $8,617,000 $1,188,000 $2,398,000
Low SP NA $1,750,000 $1,680,000 $1,150,000 $1,188,000 $998,000
High SP NA $2,300,000 $1,900,000 $1,900,000 $1,188,000 $1,400,000
Median SP NA $2,025,000 $1,900,000 $1,321,000 $1,188,000 $1,999,000
Average SP NA $2,025,000 $1,926,667 $1,436,167 $1,188,000 $1,999,000
Average SP/Sq. Ft NA $981 $865 $658 $573 $573
Average DOM NA 77 72 163 310 310
Average SP/LP NA 94% 99% 100% 99% 94%

 

Keala O Wailea

Keala O Wailea Condos for Sale

Keala O Wailea Q1 2024 2023 2022 2021 2020 2019
Sales 3 2 4 12 9 13
Volume $7,695,000 $5,225,000 $847,000 $23,053,000 $12,695,000 $18,859,000
Low SP $2,400,000 $2,400,000 $1,445,000 $1,280,000 $1,225,000 $1,060,000
High SP $2,800,000 $2,825,000 $2,727,000 $2,550,000 $1,670,000 $2,450,000
Median SP $2,495,000 $2,612,500 $2,162,500 $1,762,500 $1,415,000 $1,349,000
Average SP $2,565,000 $2,612,500 $2,124,250 $1,921,083 $1,410,556 $1,450,692
Average SP/Sq. Ft $1,917 $1,587 $1,593 $1,278 $1,094 $1,050
Average DOM 122 41 65 128 155 121
Average SP/LP 97% 102% 103% 98% 97 98%

La'i Loa

Lai Loa Condos for Sale

Lai Loa Q1 2024 2023
Sales 18 31
Volume $45,538,750 $77,555,500
Low SP $1,519,250 $1,525,250
High SP $3,820,000 $3,803,500
Median SP $2,452,275 $2,449,550
Average SP $2,529,931 $2,501,790
Average SP/Sq. Ft $1,462 $1,407
Average DOM 956 1021
Average SP/LP 100% 102%

 

Makali'i

Makalii Condos for sale

Makalii Q1 2024 2023 2022 2021 2020 2019
Sales 1 3 5 71 14 0
Volume $3,250,000 $9,195,000 $14,110,000 $132,792,000 $21,094,000 $0
Low SP $3,250,000 $2,700,000 $1,750,000 $1,015,000 $1,250,000 NA
High SP $3,250,000 $3,400,000 $3,300,000 $3,200,000 $1,950,000 NA
Median SP $3,250,000 $3,095,000 $2,990,000 $1,812,000 $1,498,000 NA
Average SP $3,250,000 $3,065,000 $2,822,000 $1,870,310 $1,506,714 NA
Average SP/Sq. Ft $2,065 $1,784 $1,647 $1,113 $923 NA
Average DOM 40 116 327 1170 1283 NA
Average SP/LP 97% 95% 100% 100% 100% 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 Q1 2024 2023 2022 2021 2020 2019
Sales 2 17 3 2 13 8
Volume $20,000,000 $176,684,480 $26,806,000 $23,027,000 $91,931,000 $79,848,000
Low SP $10,000,000 $4,375,000 $6,350,000 $10,527,000 $4,950,000 $9,037,000
High SP $10,000,000 $13,000,000 $11,256,000 $12,500,000 $15,400,000 $10,886,000
Median SP $10,000,000 $10,800,000 $9,200,000 $11,513,500 $7,044,000 $9,651,000
Average SP $10,000,000 $10,393,205 $8,953,333 $11,513,500 $7,071,615 $9,981,000
Average SP/Sq. Ft $3,151 $2,604 $1,995 $3,175 $1,929 $2,921
Average DOM 33 810 160 84 1071 1096
Average SP/LP 100% 100% 100% 98% 100% 100%

Makena Surf

Makena Surf Condos for Sale

Makena Surf Q1 2024 2023 2022 2021 2020 2019 2018
Sales 0 0 5 8 5 2 6
Volume NA NA $24,000,000 $27,495,000 $16,724,990 $4,848,000 $15,110,000
Low SP NA NA $3,800,000 $2,735,000 $2,350,000 $2,298,000 $1,900,000
High SP NA NA $5,500,000 $4,000,000 $5,999,990 $2,550,000 $3,600,000
Median SP NA NA $5,200,000 $3,600,000 $2,850,000 $2,424,000 $2,450,000
Average SP NA NA $4,800,000 $3,436,875 $3,344,998 $2,424,000 $2,518,333
Average SP/Sq. Ft NA NA $3,538 $2,439 $1,878 $1,800 $1,963
Average DOM NA NA 117 114 190 53 161
Average SP/LP NA NA 95% 97% 95% 101% 93%

Na Hale O Makena

Na Hale O Makena Condos for Sale

Na Hale O Makena Q1 2024 2023 2022 2021 2020 2019
Sales 0 1 4 6 1 2
Volume NA $2,550,000 $13,400,000 $11,627,790 $1,413,750 $2,975,000
Low SP NA $2,550,000 $2,600,000 $1,500,000 $1,413,750 $1,325,000
High SP NA $2,550,000 $3,550,000 $2,543,790 $1,413,750 $1,650,000
Median SP NA $2,550,000 $3,400,000 $1,867,000 $1,413,750 $1,487,500
Average SP NA $2,550,000 $3,350,000 $1,937,965 $1,413,750 $1,487,500
Average SP/Sq. Ft NA $1,205 $1,288 $914 $668 $708
Average DOM NA 36 129 136 107 250
Average SP/LP NA 94% 96% 98% 98% 87%

Palms I at Wailea

Palms I at Wailea Condos for Sale

Palms at Wailea Q1 2024 2023 2022 2021 2020 2019
Sales 0 8 18 16 15 7
Volume NA $13,476,000 $24,834,000 $15,698,000 $12,349,350 $5,765,001
Low SP NA $1,381,000 $985,000 $720,000 $690,000 $686,000
High SP NA $1,950,000 $1,575,000 $1,230,000 $1,400,000 $950,000
Median SP NA $1,675,000 $1,400,000 $932,500 $795,000 $875,000
Average SP NA $1,684,500 $1,379,667 $981,125 $823,290 $823,572
Average SP/Sq. Ft NA $1,437 $1,197 $863 $731 $736
Average DOM NA 62 73 129 175 136
Average SP/LP NA 99% 100% 100% 100% 100%

Palms II at Wailea (Wailea Palms)

Wailea Palms Condos for Sale

 

Wailea Palms  2024 2023 2022 2021 2020 2019
Sales 1 4 8 10 5 10
Volume $1,705,000 $7,977,500 $14,225,000 $11,567,000 $4,299,000 $10,639,100
Low SP $1,705,000 $1,632,500 $1,500,000 $835,000 $725,000 $800,000
High SP $1,705,000 $2,595,000 $2,550,000 $1,650,000 $1,125,000 $1,600,000
Median SP $1,705,000 $1,875,000 $1,707,500 $1,162,500 $820,000 $990,000
Average SP $1,705,000 $1,994,375 $1,778,125 $1,156,700 $859,800 $1,063,910
Average SP/Sq. Ft $1,428 $1,443 $1,348 $950 $759 $820
Average DOM 69 149 65 112 98 100
Average SP/LP 97% 98% 100% 98% 98% 95%

 

Papali Wailea

Papali Wailea Condos for Sale

 

Papali Q1 2024 2023 2022 2021 2020 2019
Sales 0 0 0 4 1 0
Volume NA NA NA $16,170,000 $2,600,000 NA
Low SP NA NA NA $3,795,000 $2,600,000 NA
High SP NA NA NA $4,400,000 $2,600,000 NA
Median SP NA NA NA $3,978,500 $2,600,000 NA
Average SP NA NA NA $4,042,500 $2,600,000 NA
Average SP/Sq. Ft NA NA NA $1,694 $1,090 NA
Average DOM NA NA NA 93 609 NA
Average SP/LP NA NA NA 100% 87% NA

 

Polo Beach Club

Polo Beach Club Condos for Sale

Polo Beach Club Q1 2024 2023 2022 2021 2020 2019
Sales 1 0 2 6 2 3
Volume $5,400,000 $0 $8,599,808 $20,155,000 $5,157,500 $7,825,000
Low SP $5,400,000 NA $3,999,808 $2,200,000 $2,575,000 $2,175,000
High SP $5,400,000 NA $4,600,000 $4,675,000 $2,600,000 $3,400,000
Median SP $5,400,000 NA $4,299,904 $3,365,000 $2,587,500 $2,940,000
Average SP $5,400,000 NA $4,299,904 $3,359,167 $2,587,500 $2,608,333
Average SP/Sq. Ft $4,369 NA $3,547 $2,696 $1,959 $2,134
Average DOM 186 NA 61 72 102 167
Average SP/LP 96% NA 99% 97% 99% 97%

Wailea Beach Villas

Wailea Beach Villas Condos for Sale 

Wailea Beach Villas Q1 2024 2023 2022 2021 2020 2019
Sales 0 3 5 13 5 1
Volume NA $26,025,000 $41,225,000 $78,725,000 $19,944,000 $4,600,000
Low SP NA $6,525,000 $4,550,000 $2,845,000 $2,500,000 $4,600,000
High SP NA $10,900,000 $12,000,000 $14,000,000 $6,895,000 $4,600,000
Median SP NA $8,600,000 $7,800,000 $5,100,000 $3,900,000 $4,600,000
Average SP NA $8,675,000 $8,245,000 $6,055,769 $3,988,800 $4,600,000
Average SP/Sq. Ft NA $3,582 $3,160 $2,363 $1,534 $2,110
Average DOM NA 162 76 137 181 336
Average SP/LP NA 97% 99% 98% 94% 94%

Wailea Ekahi

Wailea Ekahi Condos for Sale

Wailea Ekahi Q1 2024 2023 2022 2021 2020 2019
Sales 4 7 17 27 18 23
Volume $6,749,999 $11,620,427 $26,108,750 $31,861,512 $20,185,000 $2,725,700
Low SP $999,999 $1,436,627 $650,000 $647,000 $690,000 $650,000
High SP $2,800,000 $2,300,000 $2,070,000 $2,200,000 $2,750,000 $2,350,000
Median SP $1,475,000 $1,570,000 $1,575,000 $1,070,000 $974,500 $1,020,000
Average SP $1,687,500 $1,660,061 $1,535,809 $1,180,056 $1,221,389 $1,185,087
Average SP/Sq. Ft $2,021 $1,991 $1,687 $1,290 $1,147 $1,136
Average DOM 94 101 75 91 154 213
Average SP/LP 97% 98% 100% 98% 95% 96%

Wailea Ekolu

Wailea Ekolu Condos for Sale

 

Wailea Ekolu Q1 2024 2023 2022 2021 2020 2019
Sales 0 6 11 14 6 12
Volume NA $11,449,500 $18,650,000 $16,403,000 $5,729,999 $12,062,000
Low SP NA $1,542,000 $1,105,000 $899,000 $720,000 $645,000
High SP NA $2,362,500 $2,295,000 $1,525,000 $1,100,000 $1,300,000
Median SP NA $1,887,500 $1,700,000 $1,172,500 $1,012,500 $1,035,000
Average SP NA $1,908,250 $1,695,455 $171,643 $955,000 $1,005,167
Average SP/Sq. Ft NA $1,801 $1,735 $1,140 $929 $951
Average DOM NA 110 74 74 90 86
Average SP/LP NA 98% 102% 101% 96% 97%

 

Wailea Elua

Wailea Elua Condos for Sale

Wailea Elua Q1 2024 2023 2022 2021 2020 2019
Sales 1 6 3 11 2 4
Volume $3,999,000 $23,105,000 $9,851,000 $29,100,000 $7,415,000 $7,030,000
Low SP $3,999,000 $2,800,000 $2,700,000 $1,550,000 $3,615,000 $1,500,000
High SP $3,999,000 $4,900,000 $4,201,000 $4,350,000 $3,800,000 $1,945,000
Median SP $3,999,000 $3,852,500 $2,950,000 $2,200,000 $3,707,500 $1,792,500
Average SP $3,999,000 $3,850,833 $3,283,667 $2,645,455 $3,707,500 $1,757,500
Average SP/Sq. Ft $3,151 $3,094 $2,812 $2,043 $2,945 $1,558
Average DOM 81 116 91 104 144 93
Average SP/LP 100% 97% 103% 101% 95% 98%

Wailea Fairway Villas

Wailea Fairway Villas Condos for Sale

Wailea Fairway Villas Q1 2024 2023 2022 2021 2020 2019
Sales 3 9 11 26 8 9
Volume $5,025,000 $13,217,021 $12,878,001 $24,430,500 $6,376,000 $6,912,000
Low SP $1,200,000 $1,095,000 $925,000 $725,000 $715,000 $599,000
High SP $2,500,000 $1,999,999 $1,495,000 $1,450,000 $1,090,000 $1,195,000
Median SP $1,325,000 $1,400,000 $1,150,000 $890,000 $767,000 $725,000
Average SP $1,675,000 $1,468,558 $1,170,727 $939,635 $797,000 $768,000
Average SP/Sq. Ft $1,353 $1,255 $1,177 $866 $772 $721
Average DOM 142 95 94 76 201 200
Average SP/LP 97% 97% 99% 99% 97% 98%

Wailea Point

Wailea Point Condos for Sale

 

Wailea Point Q1 2024 2023 2022 2021 2020 2019
Sales 2 2 5 17 14 5
Volume $8,940,000 $10,937,500 $23,110,000 $87,568,000 $48,840,331 $15,040,000
Low SP $4,090,000 $5,162,500 $2,075,000 $375,000* $1,525,000 $1,740,000
High SP $4,850,000 $5,775,000 $6,785,000 $16,000,000 $7,500,000 $5,400,000
Median SP $4,470,000 $5,468,750 $4,450,000 $5,000,000 $2,716,250 $2,650,000
Average SP $4,470,000 $5,468,750 $4,622,000 $5,151,059 $3,488,595 $3,008,000
Average SP/Sq. Ft $3,226 $2,983 $2,239 $1,945 $1,619 $1,582
Average DOM 65 151 80 169 174 140
Average SP/LP 91% 93% 97% 97% 95% 94%
*Sale of a garage            

 

Wailea Town Center

Wailea Town Center Condos for Sale

Wailea Town Center Q1 2024 2023 2022 2021 2020 2019
Sales 0 0 0 2 0 0
Volume NA NA NA $3,390,000 NA NA
Low SP NA NA NA $1,690,000 NA NA
High SP NA NA NA $3,390,000 NA NA
Median SP NA NA NA $1,695,000 NA NA
Average SP NA NA NA $1,695,000 NA NA
Average SP/Sq. Ft NA NA NA $968 NA NA
Average DOM NA NA NA 71 NA NA
Average SP/LP NA NA NA 104% NA NA

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

88 Properties Found. Page 8 of 8

Discover An Incredible Opportunity To Own A Pie...

REDUCED 7% Photo of Listing #404371

$835,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 12.22 Acres
  • 908 ft²

Residential

155 Wailea Ike Pl 135, Wailea/makena, HI

MLS® #404371

Listed By: Island Sotheby's Int'l Rlty(M)
Office Contact: Cell: 808-357-4444

Discover An Incredible Opportunity To Own A Piece Of Paradise In Wailea, Maui’s Premier 1,500-acre Resort Community Known For Its Luxurious Beaches, World-renowned Golf Courses, And Vibrant Attractions. Grand Champions Villas Unit #135, A 1-bedroom, 2-bat...

View Listing

This Spacious 1 Br Vacation Rental In A Prime L...

REDUCED 5% Photo of Listing #405625

$825,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 12.21 Acres
  • 908 ft²

Residential

155 Wailea Ike Pl 145, Wailea/makena, HI

MLS® #405625

Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-891-8989

This Spacious 1 Br Vacation Rental In A Prime Location In Grand Champions In Wailea Boasts Amazing Championship Golf Course (wailea Blue) Views, With A Peak Of The Ocean Through The Trees Beyond. Interior Upgrades Include Bamboo Cabinets, Granite Countertop...

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Experience The Epitome Of Resort Living In The ...

Photo of Listing #407570

$7,300 Active

  • 3 Beds
  • 2½ Baths
  • 25 Acres
  • 1,796 ft²

Residential Lease

83 Kainehe Pl 9b, Wailea/makena, HI

MLS® #407570

Listed By: Hawaii Life (W)
Office Contact: Cell: 808-281-9588

Experience The Epitome Of Resort Living In The Heart Of Wailea With This Stunning, Fully Furnished Kai Malu Home. This Property Boasts Three Spacious Bedrooms And 2.5 Well-appointed Bathrooms, Offering Ample Space For Relaxation And Comfort. The Home Is Nes...

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Luxury Furnished Long-term Rental At Keala O Wa...

Photo of Listing #407538

$6,700 Active

  • 3 Beds
  • 2 Baths
  • 7.39 Acres
  • 1,386 ft²

Residential Lease

67 Wailea Gateway Pl 6-204, Wailea/makena, HI

MLS® #407538

Listed By: McEntire Realty

Luxury Furnished Long-term Rental At Keala O Wailea. Experience Refined Island Living In This Stunning 3-bedroom, 2-bath Luxury Condominium In Maui’s Premier Gated Community. Step Inside To Find A Spacious Open-concept Living Area With Gorgeous Ocean, Isl...

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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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