Sept. 15, 2009
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 | |
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Maui Real Estate
Hawaii Realty International