The residential market in Wailea and Makena remained active in 2007 with the same number of property sales, 41, as in 2006 (see chart 1 below). Non-oceanfront homes saw median sale price fall to $1.9 million or 5%. Average per square foot value fell 7% to $733 9see chart 2 below). Vacant land pricing (the least reliable measures of the three in our minds) increased 9% on a per square foot basis to $88 (see chart 3 below).

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