All property asset classes other than trophy oceanfront homes are struggling in what has become a buyer's market. But trophy oceanfront homes continue to receive substantial attention and remain highly prized. Even in the oceanfront condominium market, the trophies are going first. In Wailea Beach Villas, three Villa units have sold this year and at the new Maluaka development in Makena, the two separate condominiums that look  and live like homes are both spoken for. They are priced at $14 million.

The trophy hunters are active!