The Haves and the Have More’s

The world is seeing massive wealth disparity as those with a strong education and the owners of assets are seeing their wealth soar.

Homeowners in the US are significantly wealthier than renters, with a median net worth roughly 40 to 43 times higher. As of 2025, the typical homeowner has a net worth of $430,000, while the average renter’s net worth is $10,000.

The 400 richest people in America are wealthier than ever, with a combined net worth of $6.8 trillion — that’s roughly 4% of all US wealth. All US billionaires combined have a net worth of close to $9 trillion, or 5.25%. The Top 1% have a combined wealth of roughly 29% of all US wealth, and the Top 10% have a net worth starting around $1.6 million. — Leonard Steinberg

Our Real Estate Market Analysis — Wailea & Makena (April & May 2026)

Residential Market

May 13, 2026

• 24 homes on the market
• 5 homes pending under contract
• 24 homes sold past 12 months
• 9.9-month supply on the market
• $3,087,500 median sales price

Per the April 2026 Market Report, according to the REALTORS® Association of Maui, the Wailea and Makena luxury market continues to show resilience and long-term strength despite a more balanced pace of activity.

The Wailea/Makena single-family home market showed encouraging momentum in April 2026. Pending sales increased 150% year-over-year, while closed sales doubled compared to April 2025. Year-to-date closed sales are also up an impressive 120%, reflecting continued confidence from luxury buyers seeking Maui lifestyle properties.

The April median home price rose to $3.25M, up 38.3% from last year, while inventory levels remained relatively stable. Months of inventory improved significantly from 18.6 months to 8.3 months, suggesting healthier market absorption and stronger buyer engagement.

One important insight is that buyers today are taking more time and conducting careful due diligence, particularly in the ultra-luxury segment. However, well-priced and well-presented properties in premier locations continue to attract serious interest.

The long-term outlook for Wailea and Makena remains very positive due to limited availability, global lifestyle appeal, and continued demand for luxury resort living.

Condominium Market

May 13, 2026

• 103 condos on the market
• 7 condos pending under contract
• 77 condos sold past 12 months
• 14.7-month supply on the market
• $1,995,000 median sales price

The condominium market remains active with continued buyer interest in resort-style ownership opportunities. April median condo prices increased 13.4% year-over-year to $1.975M, while sellers also achieved stronger pricing performance with properties receiving nearly 98% of asking price on average.

Inventory levels increased compared to last year, giving buyers more options and creating a more balanced environment. Closed sales year-to-date are slightly ahead of 2025 levels, demonstrating ongoing demand for Wailea and Makena condominiums despite longer decision timelines.

A positive takeaway is that many buyers continue to prioritize Maui lifestyle, convenience, lock-and-leave ownership, and proximity to beaches, golf, wellness, and dining.

Luxury condominiums in prime oceanview and beachfront locations remain highly desirable for both second-home buyers and long-term legacy ownership.

Land Market

May 13, 2026

• 10 properties on the market
• 0 pending under contract
• 10 sold past 12 months
• 12-month supply on the market
• $4,600,000 median sales price

While this report did not provide separate land statistics, the luxury land market in Wailea and Makena continues to benefit from extremely limited inventory and scarce development opportunities.

Premium homesites with ocean views, privacy, and gated community locations remain highly sought after.

As construction costs stabilize and buyers continue seeking personalized legacy properties, high-quality land offerings may continue to attract long-term investors and home buyers to secure irreplaceable locations in South Maui.

Overall Market Insight

The Wailea and Makena markets are continuing to transition toward a healthier and more balanced luxury environment. Buyers remain active, but they are more selective and value-driven than during the rapid post-pandemic years.

At the same time, Maui’s limited inventory, world-class lifestyle, and international appeal continue to support long-term market stability.

For sellers, presentation, pricing strategy, and global exposure remain more important than ever. For buyers, today’s market may provide opportunities for thoughtful acquisitions in one of Hawaii’s most exclusive coastal communities.

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American Express Centurion — Wailea Beach Villas

Explore our listings featured in the Compass Luxury Division’s latest campaign in partnership with American Express Centurion. We are always seeking innovative ways to showcase your property — and the exceptional Hawaii lifestyle — to the world’s most qualified and high-net-worth buyers. This level of strategic exposure is our difference!

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LĪPOA — A New Maui Community

Located on the slopes of Haleakala is LĪPOA — a master-planned Kihei community that responds to a vision for an innovation future on Maui. Convenient to Maui’s world-renowned beaches and celebrated parks, LĪPOA is a community for the people embracing the best that Maui has to offer.

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Legacy Land Grants — Awarded to Five Maui & Molokaʻi Projects

Pristine coastal areas, culturally significant shorelines, native forest habitat, and lands that support traditional practices and community access will now be protected with the help of state funding for land acquisition.

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National Real Estate Report — April 2026

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Sherman Oaks, CA — 3565 Crownridge Drive

Lisa-Marie Long | Exclusive Listing Agent

Located along the rim of Crownridge, this fully renovated modern contemporary residence is set beyond a gated motor court with unobstructed canyon views. Designed by Gibbs Architects, the property offers five bedrooms and five and one-half bathrooms.

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Coming Soon — The Hidden Court | Milan, Italy

Marco E. Tirelli | Exclusive Listing Agent — Tirelli & Partners srl Società Benefit

There is a side of Milan that keeps itself hidden, an elusive beauty, sensed more than seen, glimpsed beyond a grand entrance, behind a half-closed gate, in the sudden hush that quiets the noise of the city. In the oldest heart of Milan, among colonnades and arched porticoes opening onto an elegantly patterned cobbled forecourt, an aristocratic palazzo holds something unexpected.

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