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.

Papali Wailea is now showing it’s 4th closing in the MLS. This is the second closing at $3,500,000.00. Two other units have sold below $3,000,000.00 in recent months. I have updated the Activity Reports accordingly but you can also view the active listings for Papali Wailea to get more details.

It is easy to schedule an appointment to visit the model home. There are still seven units with pleasant ocean views available for sale at the moment. With only 24 units on over 10 acres, Papali Wailea features the best infinity edge pool in the area. It will be a quiet complex of superior construction with gorgeous tropical landscaping.

Be sure to visit our previous posts in Wailea Condos (see Categories on the left) for a complete description and plenty of photos.