Real estate in the community comprising of Paia, Spreckelsville and Kuau escalated in value in the 80's following the birth of windsurfing with nearby Kanaha and Ho'okipa Beach Parks. Today, Paia is a blend of kama'aina-old timers from the plantation days and malahini-newcomers from all over the world. A small but bustling community, stroll the junction of Baldwin Avenue and Hana Hwy on any given day or evening and its sidewalks are active with a blend of tourists and residents. Paia is great for people watching. I find it refreshing, colorful and authentic.
Paia, Spreckelsville, Kuau - Residential Sales Activity
January - 2
February - 0
March - 3
April - 0
May - 1
June - 2
July - 0
Statistics: 6 sales
Average Days on market: 91
Median List Price: $499,499
Median Sale Price: $489,499
Highest Sale: $1,850,000
Lowest Sale: $380,000
With the exception of an oceanfront home in Kuau selling for $1,850,000, sales around Maui's windsurfing mecca have been rather slim this year. The remaining homes that have sold are within the heart of Paia Town. Most are modest, plantation homes at an average selling price of $466,000. Bear in mind that this entire coastal area is just a 5 mile stretch of land.
Paia real estate activity behaves much like other resort coastal communities on Maui. Activity seems to improve during high visitor season. A large sector of the market is second home buyers. Rather as golf as their past-time activity, these buyers tend to be ocean enthusiasts interested in kite, wind and board surfing.
Next: Makawao Residential Sales
View previous statistics on these areas:
Haiku Real Estate
Kula Real Estate
Friday, August 14, 2009
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