Clusters of gated condominiums communities in this area of Maui’s sunny, southern coast are popular among affluent mainland and international investors who choose Wailea as their paradise getaway. Wailea’s economy relies heavily on tourism and is surrounded with luxury resorts boasting numerous amenities including award-winning restaurants, championship golf courses, world-class spas, shopping and five white sand beaches.

Be prepared to pay top dollar to live in luxury as condominiums in Wailea boast the highest prices on Maui. Although prices slightly declined in 2007 when compared to the previous year, the average condominium price was $1.3 million.

Prudential Locations Maui Realtor Broker and Partner Michael Healey points out that Wailea still has several new projects on the horizon, and properties on the market have recently stayed on the market a bit longer, but are still commanding sale prices of about 95 percent of list prices.

Because many of Wailea’s buyers are purchasing second homes, they often pay in cash, which will keep this market stable in 2008 as economic worries and interest rates do not typically affect cash buyers.

Because of this, Healey says prices will continue to remain stable in Wailea. Those properties that may see a slight drop in value are those that aren’t brand new or newly renovated.