Wailea Ekahi Real Estate

From the Wall Street Journal's Bret Arends

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Condominium sales in the Wailea-Makena area fell 65% in the first quarter from the same period a year ago. Median sale price actually increased 46% as buyers focused on larger units. Per square foot values increased 6.4%.. Single family home sales declined 50%, median sale price increased 26% but per square foot values, the better measure, declined 13%.

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Condominium sales across Maui fell 49% in the first quarter of 2009 compared to the same period a year ago. Median sale price declined 27% and the average per square foot value was 29% lower. Single family homes saw similar trends with unit sales falling 34%, median sale price falling 22% and average value per square foot down 27%.

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We are finally seeing some reasonable economic data:

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According to a recent report by Citigroup's Private bank:

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According to a recent report by the National Association of Realtors

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