Recently I was asked me about sales activity in Maui Meadows. "Is anything selling in our neighborhood?" In reviewing the stats, compared to the start of the year, sales definitely showed signs of improvement this summer. To follow up my previous postings of sales activity by neighborhood/area, here is the year-to-date sales for Maui Meadows.
Maui Meadows Residential Sales Year to Date:
January - 0
February -1
March - 0
April - 0
May - 0
June - 1
July - 2
Maui Meadows: 4 sales
Average Days on Market: 360
Median List Price: $1,020,000
Median Sale Price: $837,500
Highest Sale: $1,320,000
Lowest Sale: $675,000
Most of the subdivisions in South Maui are zoned residential and lot sizes range from 7,500 to 10,000 square feet. Maui Meadows is a rarity in the South Maui area. Perched above the Pi'ilani Highway and entrance to Wailea Resort, each of the 400 home sites within the subdivision is a half acre in size minimum or 21,780 sf. For today's standards, this is very generous. The rural half-acre zoning allows a full size house and a 700 sf cottage. Maui Meadows was developed in the mid 1960's prior to strict covenants. As a result, today you will find modest older homes aside new and sizable homes.
If you have questions about the Maui real estate market, please feel free to contact me directly at: 808.280.2625, or via email.
Sunday, August 30, 2009
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