August Maui real estate market update
Residential Home Sales declined (-38%), average sold price = $725,494 (-18%), median price = $515,000 (-14%). Condo Unit sales declined (-16%), average sold price = $770,214 (-21%) and Land sales median price was $512,000, (-27%).
| Maui home Sales August 2008 vs. 2009 | |||||
| # Sold – Median $ | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Haiku | 6 | 2 | $1,937,000 | $ 1,065,000 | |
| Kaanapali | 1 | 2 | $2,300,000 | $1,962,500 | |
| Kihei | 9 | 9 | $1,134,000 | $ 406,000 | |
| Lahaina | 3 | 2 | $625,000 | $451,500 | |
| Makawao/Olinda/Halimaile | 2 | 1 | $600,000 | $500,000 | |
| Maui Meadows | 2 | 1 | $2,025,000 | $660,000 | |
| Napali / Kahana | 3 | 3 | $1,100,000 | $ 750,000 | |
| Pukalani | 1 | 3 | $450,000 | $415,000 | |
| Sprecklesville / Paia/ Kuau | 2 | 2 | $842,500 | $387,500 | |
| Wailea Makena | 1 | 1 | $1,775,000 | $652,000 | |
| Island of Maui | 66 | 52 | $645,000 | $500,000 | |
Maui Condo Unit prices are down to $340,000 compared to $652,000 the same month last year. It appears that the number sales are up to 62 compared to 51 in 2008 for the month of August.
| Maui Condo Sales August 2008 vs. 2009 | |||||
| # Sold – Median $ | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Central | 3 | 8 |
$280k |
$237,500 | |
| Kaanapali | 3 | 5 | $625,000 | $ 700,000 | |
| Kihei | 15 | 27 | $380,000 | $325,000 | |
| Lahaina | 1 | 4 | $ 400,000 | $325,000 | |
| Maalaea | 3 | 5 | $595,000 | $ 281,900 | |
| Molokai | 0 | 1 | $ 0 | $ 170,000 | |
| Napali / Kahana | 9 | 10 | $520,000 | $369,500 | |
| Pukalani | 0 | 0 | $0 | $ 0 | |
| Kapalua | 0 | 2 | $0 | $699,500 | |
| Wailea Makena | 17 | 1 | $2,350,000 | $2,150,000 | |
| Island of Maui | 51 | 62 | $652,000 | $340,000 | |
You can search all Maui real estate and get new properties emailed to you daily or weekly on Hawaiis.com. Information on August sales on the island of Maui was provided by Gary Bland a Maui real estate expert.
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