And boy, do we need it! As many as six new shopping centers are planned for Maui in the coming years.

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May was a reasonably robust sales month compared to May of 2006. In Wailea/Makena, eleven condominiums sold compared to only six a year ago. The median sale price of $1.2 million is down  approximately 8% from full year 2006 results. However, the per square foot average of $1,228 is up almost twelve percent from the full year 2006. In oceanfront complexes there were seven sales at a median price of $1.35 million. That is a huge and deceptive decline from 2006. The reason it is deceptive is that there were no sales in Wailea Point, Wailea Beach Villas or Makena Surf. Instead a disproportionate number of oceanfront sales were Wailea Ekahi one-bedroom units. The more useful, but still limited,  per square foot average of $1,428 declined 11%. In Mountainside complexes four sales obtained a median sale price of $881,000, down 2% from full year 2006 results. The per-square foot average of $879 was up 2%.

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We are pleased to announce the sale of Palms at Wailea Unit 1304. The sale price of $875,000 is the highest price ever received for a one-bedroom unit. To explore the marketing plan that accomplished this, contact us.