The First Six Month of 2009
Over the past several days, I've collected data from the Realtor's Association of Maui - RAM's MLS website. Here is an unofficial breakdown of Maui residential sales activity by district for the past six months, beginning Jan. 1st to June 30th 2009. This data reveals some interesting figures:
Over the past several days, I've collected data from the Realtor's Association of Maui - RAM's MLS website. Here is an unofficial breakdown of Maui residential sales activity by district for the past six months, beginning Jan. 1st to June 30th 2009. This data reveals some interesting figures:
Upcountry Maui Homes - # of Sales - Median Price
Pukalani - 20 - $512,000
Makawao - 11 - $452,500
Kula - 8 - $756,000
North Shore Maui Homes
Haiku - 10 - $612,500
Paia - 6 - $489,500
South Maui Homes
Kihei - 61 - $470,000
Wailea/Makena - 9 - $1,735,000
Maui Meadows - 2 - $997,000
Central Maui Homes
Wailuku - 78 - $477,928
Kahului - 38 - $485,000
I have not mentioned all of Maui residential real estate such as areas as Hana and the West side, or included the activity on the islands of Molokai and Lanai, as I don't focus or specialize in these areas.
Throughout the entire island including the districts not mentioned, there were 28 properties that closed as short sales, 45 closings were bank owned and a total of 285 residential closings over the first six months of 2009. That's an average of 47.5 closings a month. The high sale was a Kihei beachfront home located on Keawakapu Beach closing at $11,250,000. The low sale was a residential condo in Kihei closing at $160,000. The median sales price for the entire island for Maui was at a sales price of $510,000. This is a brand new two story 3 bedroom, 2.5 bath home with 1,633 sq.ft. of living space on a 6,563 sq.ft. lot located within The Cottages at Kehalani. Here's an idea of what a $510,000 home currently is on Maui. Keep in mind these were residential sales only. Of the 78 sales in Wailuku, 40%, or 31 of the homes sold were newly constructed project sales at either The Cottages or Akolea at Kehalani.
Over the next week or so, I'll explore condo and land sales. RAM should be sending out the statistics for June 2009 soon and I will post those results.
Throughout the entire island including the districts not mentioned, there were 28 properties that closed as short sales, 45 closings were bank owned and a total of 285 residential closings over the first six months of 2009. That's an average of 47.5 closings a month. The high sale was a Kihei beachfront home located on Keawakapu Beach closing at $11,250,000. The low sale was a residential condo in Kihei closing at $160,000. The median sales price for the entire island for Maui was at a sales price of $510,000. This is a brand new two story 3 bedroom, 2.5 bath home with 1,633 sq.ft. of living space on a 6,563 sq.ft. lot located within The Cottages at Kehalani. Here's an idea of what a $510,000 home currently is on Maui. Keep in mind these were residential sales only. Of the 78 sales in Wailuku, 40%, or 31 of the homes sold were newly constructed project sales at either The Cottages or Akolea at Kehalani.
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