For the those fortunate enough to have visited the Andaz Maui at Wailea since its re-introduction in October 2013, it is clearly apparent the resort is a new breed of luxury beach resort. It sets itself apart from other Wailea institutions such as Grand Wailea and the Four Seasons (which are rightfully thought of as some of the top luxury resorts in the world) by presenting a different lifestyle proposition: A modern, high-end setting where a worldclass staff seamlessly fulfills their guests' needs with Aloha, while fronting one of the most stunning beaches in the world. 

As such, it comes as no surprise that Conde Nast Traveler named it among the world's Best Beach Hotels on its 'Hot List 2014'. The other hotels on the list offer very different

With a deep emphasis on the luxury sector of Makena real estate, we remain diligent of all activity within the district as it may affect micro-market conditions. And the sale of two properties in the same boutique subdivision within a week of each other certainly raised some eyebrows.

Papa'anui at Makena is a small enclave of seven luxury properties with breathtaking, unobstructed ocean view corridors overlooking Makena Landing - an institution in it of itself. Prior to this week, the last sale was of 26 Uweloa in December 2012 for $8.28M and with rising market conditions across virtually every micro-market in South Maui, expectations were buoyant. 

So with 38 Uweloa initially being listed for $7.4M, some argued that it would be absorbed but it

To best serve our clients interested in the Honua Kai Resort and Spa, we continue to post regularly updated information regarding micro-market conditions, trends, and what can be reasonably projected. As such, it worth noting two significant sales that will have an impact on the high end sector of Honua Kai condos.

Konea's 601 is quite simply one of the most extraordinary condominiums on Maui. With unobstructed view corridors, privacy from being frontrow on the inner-most part, and unbelievable lanai featuring over 1,300 square feet of outdoor entertaintment space, it came as no surprise that it sold in such a short time - 4 months is comparatively short for sales in this price point. One of Honua Kai's finest masterpieces. Its sale recorded on

By all accounts, the Maui real estate sector has seen another upward push in the first quarter of 2014, with the high end sector seeing the most significant improvements. But as conditions can vary widely from one micro-market to the next (even in adjacent properties), it is pertinent to look at how the Honua Kai condos micro market is doing so far in 2014, when compared to same time period in the previous year.

• Sales Price - Looking at every metric available, sales prices at Honua Kai increased year over year. The first quarter of of 2013, the average sales price was $971,366, median sales price was $762,700, and the price per square foot was $949, whereas the first 3 months of 2014 saw those values increase to $1,137,281, S1,044,900 and $1,029