Wailea Ekolu Real Estate Market Overview
As reported in last month’s newsletter, unit 902 shattered all-time sale records with a settling price of $2,362,000, despite having minimal views and not being remodeled. That gives great context for new listing unit 302, one of only three townhouse-styled (1489 sf) units to come on market since 2019, new to market at $2,795,000.
Unit 1602, a 2/2 single-level (1071 sf) also hit the market, listed at $1,649,000.
Unit 1207 ($2,095,000, listed December 21), 909 ($2,200,000, January 8) and 1507 ($2,395,000, March 6) are also currently listed, along with 1-bedroom units 304 ($1,898,000, December 21) and 1304 ($1,999,999, November 25).
I’ve sold Wailea vacation rentals for nearly all of my 19 years as a full-time agent, and I’m seeing trends toward more 1031 exchange money, and other cash buyers. With California coastal vacation rental real estate largely priced out for many buyers, Maui is more appealing than ever. Please call me at (808) 444-0624 if you would like more insight on the current market, or email me at [email protected].
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.
Stay up to date on the latest real estate trends.
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Vacation-Maui’s two luxury Elua units crush it in April, with 80% occupancy
Wailea Elua zoned Hotel, not targeted by Minatoya list
Low inventory, high demand drives strong Wailea Elua vacation rental condo market
Palms at Wailea hits 85% occupancy in April, despite soft visitor count
Quiet market at Palms of Wailea
Wailea Ekahi 4E books 28 of 30 available nights
Whether you're just starting to explore the options and want a quick overview of the areas and pricing, or specific properties have caught your attention, I would so appreciate the opportunity to share my knowledge and insight with you. Warm Aloha!