Wailea / Makena real estate comps crushed

Wailea and Makena real estate prices have suffered a major set back by the only real estate sale in the area during the month of January 09.

This beach front house on One Palauea, listed for $ 20 000 000, sold for $ 7 750 000 ! This sale will set the tone for other sales in the area, as appraisers will have to include it when appraising other transactions.

Stay tuned ..... this could get really exciting !