The Realtors® Association of Maui just released the results for the month of March and the 1st Quarter of 2008. The complete pdf file for island wide results can be downloaded from my Activity Reports, bottom right side.

In Wailea and Makena, the sales of new Wailea Condos are certainly leading the statistic with 44 closed transactions from January through March. This includes 24 units in Kai Malu at Wailea, 17 units for Hoolei at Wailea and the first three closings of Papali Wailea.

The re-sale market shared an additional 20 transactions during this period: Popular Wailea Ekahi reported four closings while Grand Champions Villas, Palms at Wailea, Wailea Palms, Fairway Villas, Wailea Beach Villas and Wailea Point each had two closings. Wailea Ekolu and Kanani Wailea each closed one transaction.

Two Makena Condos had one closed sale each during the 1st Quarter of the year: Polo Beach Club and Na Hale O Makena. As a New Development, Maluaka at Makena will not show in the MLS for a while, but had a very successful start during the first few months of 2008.

Five Wailea Homes have been sold during the same time. Two homes in Wailea Kai and one home each in Wailea Kialoa, Fairway Estates and Wailea Golf Vistas. Though not in Wailea, it is good to know that the most expensive transaction was a home on Keawakapu Beach in need of a renovation. This transaction closed for $10,000,000.00. In addition, Wailea Pualani reported the sale of a vacant lot.

All other details for Wailea and Makena are available through our Activity Reports. They are updated weekly between Sunday night and Monday morning.

This is amazing: take a look for yourself! A Makena Surf unit on market for over $6,000,000.00. Who would have ever thought we are getting there. Well, Real Estate on Maui, like anywhere else, really is about location, location and then about location.

Unit F-301 is facing south towards Makena Place. The lanais have fabulous views of Secret Beach and the shoreline beyond. Over the glittering ocean you clearly see the islet of Molokini. The height of the third floor makes the small stretch of land between the building and the blue water almost disappearing. This is truly a private, majestic location within Makena Surf.

Makena Surf is an oceanfront, lowrise condominium complex above Poolenalena Beach and the southern, more rocky shores bordering buildings E and F. The beautiful stretch of sandy shore in front of building B is easily accessable from any unit within Makena Surf. The location is certainly one of those locations that contributed to Maui’s numerous awards of being the best island in the world.

Owners are able to offer their units in a vacation rental program of their choice. The leading company here has been Destination Resorts. Two bedroom units are usually available from $2,500,000.00 if not remodeled. If you are becoming an owner or if it is just a vacation, any trip to Maui and Makena Surf will be unforgettable. Please call me for a market update or if you would like to schedule a showing. Mahalo, VW.