Hale Mahialani is a boutique condominium complex with a serene ambiance. It is located within a block of the soft white sands of Charley Young Beach and minutes away from Kihei’s popular shops and restaurants.
It is a leasehold property with lease expiry in 2036. It features a two-story building with no elevators and just six one-bedroom units ranging between 571 and 600 square feet. Some of the units have partial ocean views. Each unit includes a lanai and ensuite laundry machines and some have been upgraded with air conditioning.
Although modest, the grounds are nicely kept, surrounded by lush tropical gardens, like plumeria and papaya trees, to create a sense of tranquility.
Hale Mahialani is a leasehold property and the value of leasehold properties tend to decline as the lease expiration nears. Due to this, a graph of Hale Mahialani performance is less relevant. Instead, the graph above depicts the fee simple performance of Kihei condos, offering a more meaningful representation of the surrounding market.
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
