For those who can’t afford to buy a condominium in pricey Wailea, Kihei is the next best bet. The area shares Wailea’s picture-perfect weather and stunning beaches, but condominiums in this area are more affordable— in 2007 Kihei condominiums sales were up 8 percent from 2006, ending the year at $430,000.

Mirroring this neighborhood’s real estate trends, budget-conscious Maui visitors are also attracted to Kihei. Although Kihei is one of Maui’s many seaside towns, in addition to surf, sun and sand, the area is also home to a national wildlife park where nature lovers can spot endangered Hawaiian birds and fish. It is also near the Maaleau boat harbor where residents can enjoy whale watching and snorkeling trips.

Kihei condominiums saw an increase in the number of transactions this past year, says Prudential Locations Maui Realtor Broker Nancy Nevius. The vacation condominium market is still fairly strong thanks to the recent surge of Canadian buyers jumping on the opportunity to buy in Maui while their dollar is strong. The low-end residential condominiums, on the other hand, have seen a slow-down in the number of sales. As the number of units for sale increase, buyers can be choosy, taking more time and offering lower prices.