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Luxury Homes in Wailea Maui – Insider Tips on Choosing the Right Real Estate Agent

Posted by benjamen.harper@gmail.com on October 31, 2024

Maui

Wailea Real Estate Agents

3750 Wailea Alanui Dr

Wailea Real Estate AgentsImage

Quick Facts

Here are 10 quick facts about Wailea real estate agents:

Wailea real estate agents typically have extensive knowledge of the local luxury real estate market, with many having lived and worked in the area for years.
Many Wailea real estate agents are licensed to sell properties throughout the entire island of Maui, not just in Wailea.
The median sales price of a single-family home in Wailea is around $2 million, making it one of the most expensive markets in Hawaii.
Wailea real estate agents often have to navigate complex transactions involving high-net-worth individuals and international buyers.
The Wailea resort area is known for its high-end amenities, including golf courses, spas, and fine dining restaurants.
Some Wailea real estate agents specialize in selling vacation rentals, which are popular among tourists visiting Maui.
The Wailea real estate market is highly competitive, with many agents vying for a limited number of listings.
Many Wailea real estate agents are members of the Realtors Association of Maui (RAM) and the Hawaii Association of Realtors (HAR).
Wailea real estate agents often work closely with other professionals, such as attorneys, lenders, and home inspectors.
Some Wailea real estate agents offer additional services, such as property management and interior design consulting, to their clients.

Quick Facts
Understanding the Wailea Real Estate Market
Types of Wailea Properties
A Closer Look at the Wailea Real Estate Market
Emerging Trends in Wailea Real Estate
Wailea’s Affordability Challenge
Proximity to Maui’s Hidden Gems
Frequently Asked Questions
Resources & Links
For Buyers & Sellers

Understanding the Wailea Real Estate Market

Wailea, a picturesque coastal town in southern Maui, Hawaii, has long been a coveted destination for upscale homebuyers, entrepreneurs, and individuals seeking a tranquil retreat. As a licensed real estate company, Hawaii Elite Real Estate recognizes the importance of navigating this luxurious market. In this article, we’ll delve into the current state of Wailea real estate, discuss the various types of properties available, and provide expert insights to help buyers make informed decisions.

Wailea’s luxurious properties range from high-end beachfront condos to private estate homes, each offering an opulent lifestyle amidst serene tropical surroundings. With Wailea’s scenic beauty, world-class resorts, and fine dining establishments, the area has consistently seen strong demand for its upscale properties.

Types of Wailea Properties

Property Type	Description	Average Price (USD)
Luxury Condos	2-5 bedrooms, high-end finishes, oceanfront	$1.5M – $5M
Private Estate Homes	5-10 bedrooms, expansive grounds, ocean views	$5M – $20M
Golf Community Homes	3-4 bedrooms, resort-style living, golf course views	$1M – $3M

A Closer Look at the Wailea Real Estate Market

The Wailea real estate market has remained strong, driven by factors such as growth in tourism, the healthcare industry, and strategic investments in infrastructure. However, it is essential to remain aware of the local market trends and to be prepared to adapt.

With the island’s growing population and increased interest in luxury real estate, prices have risen steadily over the years. In recent months, condos have seen a resurgence in demand, with the median price reaching a record high in the fourth quarter of 2022.

One of the most compelling aspects of Wailea real estate is its diverse range of amenities, from lush parks and gardens to world-class golf courses and spas. This unique blend of luxury and natural beauty has captivated many buyers, resulting in strong demand.

Emerging Trends in Wailea Real Estate

Sustainable Living: Environmental concerns have led to an increase in demand for eco-friendly properties, with some owners and builders focusing on energy-efficient designs, solar panels, and green spaces.
Smart Home Technology: The integration of cutting-edge technology, such as voice-controlled systems and smart locks, is becoming increasingly prevalent in high-end homes.
Access to Nature: The nearby Wailea Trail system and historic sites offer endless opportunities for exploration and connection with the island’s rich culture.

Wailea’s Affordability Challenge

Wailea real estate, particularly high-end properties, is often criticized for being excessively expensive. With prices ranging from several million dollars to over $20 million, the area has become an ideal playground for celebrities, business moguls, and high-net-worth individuals.

To put these prices into perspective consider that the average price of a single-family home in Maui is around $950,000. As the demand for luxury properties continues to rise, so does the concern about gentrification and the effects on the local community.

Proximity to Maui’s Hidden Gems

Wailea offers residents and visitors an unparalleled access to some of Maui’s best-kept secrets:

Gem	Description	Distance from Wailea
Fishbone Beach Park	Quiet nature reserve with ocean views	2 miles
Hobiyee Chateau	Unique souvenir shop and art gallery	1.5 miles
Iao Valley State Park	Prehistoric archaeological site and lush waterfalls	30 miles

With its extraordinary natural beauty and exclusive lifestyle, Wailea real estate has long been a treasured aspect of the Maui experience. As the trend towards sustainable living, smart home technology, and waterfront property continues to shape the local market, Hawaii Elite Real Estate is dedicated to staying ahead of the curve and providing expert guidance to those navigating this captivating real estate market.

If you’re considering buying or selling a Wailea property, don’t hesitate to contact Hawaii Elite Real Estate at 808-866-6593. Our team of experts is here to help you navigate the world of luxury real estate in Maui.

To see our complete list of Wailea properties please visit HawaiiEliteRealEstate.com.

Frequently Asked Questions:

What does a real estate agent do? A real estate agent is responsible for helping you buy or sell a property. They can show you homes, answer any questions you have, and guide you through the entire process.
Do I need a real estate agent to buy a property? It depends on the state you are in. Some states do not require a real estate agent to buy a property, but it can still be helpful to have one as they can help you navigate the process and make sure nothing gets missed.
How do I find a good real estate agent? You can find a good real estate agent by asking for referrals from friends or family, looking online for reviews, or asking the local real estate association for recommendations.
How much do real estate agents get paid? Real estate agents get paid a commission, which is usually a percentage of the sale price of the property. The commission can vary based on the state and market, but it is typically around 6% of the sale price.
Can I save money by not using a real estate agent? While it may seem like you could save money by not using a real estate agent, they can actually help you save money in the long run by negotiating a fair price and helping you avoid costly mistakes.
What are the benefits of using a real estate agent? There are numerous benefits to using a real estate agent, including having someone with experience and knowledge of the local market and being able to negotiate a fair price for you.
How long does it take to sell a house with the help of a real estate agent? The time it takes to sell a house with the help of a real estate agent can vary, but it is usually faster than trying to sell it on your own. The average time on the market is 89 days for a FSBO (for sale by owner) and 141 days for a traditionally listed property.
How do I choose a good real estate agent? You can choose a good real estate agent by interviewing a few agents and choosing one that is local to the area you are interested in. Also looking at their past sales, their reviews and getting referral from your friends or family and checking their license.
Can I avoid real estate agents? It is possible to sell a property without a real estate agent, but it can be difficult and time-consuming. It is recommended to have an expert to help you with the process, also it can be expensive too if you are not equipped with the knowledge you need.
How do I work with a real estate agent? To work with a real estate agent, you can contact them and give them information about the property you are selling and your desired price and timing, they will then show you different properties that match your criteria, answer your questions and negotiate the best deals for you.
What should I look for when choosing a real estate agent? Look for a real estate agent that has experience in the area you are interested in and a good track record of sales. Also, you can check their reviews, ask for referrals, and interview different agents before making a choice.
How do I find a real estate agent in Wailea/Makena area? You can find a real estate agent in the Wailea/Makena area by researching online, asking for referrals, or looking in a phone book. You can also visit the local real estate board website to find a few licensed agents in your area.
How do I get a good deal on a property? A good way to get a good deal on a property is to be knowledgeable about the market, work with an experienced agent, be pre-approved for a mortgage, and know your budget and prioritize your needs.
What is the commission of the agent? Commission of an agent vary between 6 to 10% of home sale price.
Can I purchase property without an agent? Yes, you can buy a property without an agent. However, it may be easier and more efficient to work with one, as they have knowledge about the local market and will help you find the best deal or negotiate the best terms for you.

Resources & Links

For Buyers & Sellers

As a [potential] home buyer/seller on the island of Maui, the topic of Wailea Real Estate Agents has a profound impact on my journey to ownership or sale of a property. When searching for the perfect property in Wailea, I want to ensure that I’m working with a knowledgeable and experienced real estate agent who has an intimate understanding of the local market.

For me, finding the right agent is crucial because it can make all the difference in the world. A good agent will not only provide me with guidance on the intricacies of the local real estate market but also help me navigate the often-complex process of buying or selling a home. They will be able to help me:

Identify the perfect property that fits my needs and budget
Negotiate the best possible price for the property
Manage paperwork and contracts
Provide valuable insights into the local community and amenities

On the other hand, working with an inexperienced or unprepared agent can lead to frustration, delays, and ultimately, a less-than-ideal outcome. Poor communication, lack of local knowledge, and limited network contacts can all contribute to a stressful and disappointing experience.

As a home buyer, I expect my agent to:

Have extensive knowledge of the Wailea neighborhood and surrounding areas
Be familiar with current market trends and fluctuations
Provide access to off-market listings and exclusive properties
Offer personalized services tailored to my specific needs and preferences

As a home seller, I expect my agent to:

Price my property competitively based on current market conditions
Provide accurate valuations and market analysis
Effectively market my property through various channels (including social media, online real estate platforms, and open houses)
Handle any negotiations with potential buyers and ensure a smooth transaction process

Ultimately, the right Wailea real estate agent can make all the difference in my home buying or selling experience. I want an agent who is knowledgeable, responsive, and dedicated to helping me achieve my real estate goals. By partnering with the right agent, I can rest assured that my needs will be met, and my transaction will be a success.