As 2006 winds down, we can draw some preliminary conclusions at to what happened in 2006 and what that might mean for 2007. Some major points. Excluding pre-construction sales, approximately 100-105 condominium sales will have occurred in 2006, down dramatically from the 140+ in 2005. Prices however will have increased by roughly 10-15% over 2005.  The twenty or so units now in escrow seems to indicate that the sales pace for 2007 could fall somewhere between 2005 and 2006. Of course, the telling information will come in the next four to six weeks. The mindset that the West Coast visitors bring with them regarding real estate will be an enormous factor.Current inventory stands at under ninety units for sale, or at the current pace, approximately 9-10 months worth of inventory. With the economy still slowly chugging along, low interest rates, relatively easy credit terms and Wailea and Makena still being Wailea and Makena, we remain optimistic about 2007.