JUNE CONDOMINIUM SALES
July 1st, 2007As it usually is, June was a very slow month for condominium sales throughout Wailea and Makena. Five units sold, one each at Makena Surf, Wailea Beach Villas, Palms at Wailea, Wailea Palms and Wailea Ekahi. There simply aren't enough data points to draw pricing conclusions. Things we can say are sellers, on average, accepted 90% of their initial listing price and that these units average 140 days on the market. Currently, twenty units are in escrow and inventory remains very full at over 130 units for sale. The units for sale are already averaging 120 days on the market. It is still a buyer's market at this point.






