In the last week, the dominant trend has been reduction of listing prices. 364 Kualono in Pualani has reduced its price from $2.645 million to $2.495 million after two months on the market. 135 Waaula in Wailea Kai has reduced its asking price $70,000 to $1.125 million after nine months on the market, 117 Manolo in Golf Vistas has reduced by $100,000 to $2.5 million, 152 Heleuma in Kialoa dropped their price to $1.595 million and 197 Halau Place in Golf Estates dropped their price to $2.575 million after ninety days on the market. But we have had some good news. 4290 Melianani in Wailea Highlands has closed its sale for $6.85 million after approximately a year on the market. That home had originally been listed for $$8.9 million. 3134 Kikihi in Kialoa sold for $3.2 million after just over a month on the market. So the news this past week has been mixed. So far this year, no residential homes in the resort areas have gone into escrow.

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