The Maui News has printed an article regarding Maui real estate and Wailea real estate that has so much information in it that it must be called hoohey. Unfortunately, much of it comes from our own Realtors Association. The following statements from the article are not true reflections of what is happening in the market:

Downward price movements were more pronounced in the most expensive areas: down 40 percent on average at Kapalua to $5 million, down 30 percent on average at Wailea-Makena to $3.3 million, down 24 percent on average at Kaanapali to $2.2 million.The numbers of sales in those areas were so small that percentage swings could be exaggerated.Other pricey areas showed equally large gains in average prices. Maui Meadows was up 45 percent to $1.9 million, and Kula-Ulupalakua-Kanaio was up 39 percent to $1.5 million.

For a more clearly thought out analysis of what is going on in Maui real estate, go here for Wailea real estate residential news, here for Wailea condominium results and here for Maui Meadows results.

To discuss this further, contact us!