Wailea Ekahi Real Estate Market Overview

It is an extremely active market right now at Wailea Ekahi. Inventory is moving to escrow, and new listings are coming to market. Currently there are six units that were listed between November 2023 and February of this year, and another four properties listed for sale in the last several weeks. 
Two 2-bedroom units (32A, $3,050,000 and 28A, $2,850,000) and two 1-bedrooms (6C, $2,100,000 and 26B ($1,350,000) units were listed within three weeks in early to mid-May.
And suddenly the buyers came calling. Two 1-bedroom units (21B, $1,795,000 and 39D, $1,689,000), and a 2-bedroom (19A, $1,900,000) had been listed for between 90 and 150 days before going under contract within two weeks of one another in May. The common denominator among these three units was a serious price adjustment.
Ekahi 37E, an entry-level 1-bedroom, closed escrow at $1,200,000, just $25K off market.
If you’re selling, the bottom line is there is enough inventory for buyers to have a choice of just about anything they want, shy of a front row, or 3-bedroom unit, but sensibly priced inventory is still changing hands. Three  1-bedroom units priced between $1.7 and $1.9 moved to contract, a telling pricing trend.

Kevin Spaise is a Maui Realtor specializing in Maui vacation rental investment real estate. Kevin is an expert in Kihei and Wailea real estate and has been a full time Realtor for 20 years, with more than $120M transacted. He owns Vacation Maui, a property management company with 70+ investment condos under management, and delights in providing real-time performance data to future investors. See KevinSpaise.com, or call him directly at (808) 344-0624.