WAILEA/MAKENA CONDOMINIUM UPDATE!

December 9th, 2006

Inventory in this market remains nearly constant at eighty five units for sale. That has been the range for about six months now. Good news as the season gets ready to open! Fifteen units have been sold since November and another twenty one are currently in escrow. That absorption rate implies a selling time average of approximately six months IN NON PEAK MONTHS! That is very good news indeed for sellers in this market as it suggests a reasonably strong season is upcoming!