WAILEA CONDOMINIUM MARKET UPDATE: Q1 2024

Wailea 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

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.