Friday, September 11, 2009

August Home Sales

Maui real estate: Home Sales for August - In reviewing the sales statistics compiled by RAM - Realtor's Association of Maui, there were 52 home sales on Maui in August. This is 5 less than the month of July. 23% or 12 of this month's home closings were short sales(5), or bank owned properties(7). The average sale price was $633,169, while the median sales price this month fell to $500,000. The bank owned sales averaged in $458,128, while the short sale properties averaged $506,000. Average time on the market for this month's closings: 207 days.

Interesting news? Good news! I haven't seen a home sale this low in years! The low sale this month closed at $150,000 for a 1946, 3 bedroom, 1 bath home in Wailuku. One the other spectrum of the market, the high sale this month occurred on the West Side of Maui at Ka'anapali's Summit Estates and sold at $2,425,000.

For more information on Maui homes for sale, please send me in inquiry, or call me direct: 808.280.2625

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