June 2009 Maui Real Estate Market Update
Maui Residential Home Sales declined (-41%), average sold price = $761,252 (-14%), median price = $510,000 (-14%).
| Maui home Sales June 2008 vs. 2009 | |||||
| # Sold – Median $ | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Haiku | 5 | 2 | $730,000 | $390,000 | |
| Kaanapali | 1 | 2 | $1,225,000 | $2,012,500 | |
| Kihei | 9 | 14 | $810,000 | $446,000 | |
| Lahaina | 1 | 3 | $990,000 | $560,000 | |
| Makawao/Olinda/Halimaile | 2 | 5 | $335,030 | $452,500 | |
| Maui Meadows | 2 | 1 | $912,500 | $1,320,000 | |
| Napali / Kahana | 1 | 0 | $1,000,000 | $ 0 | |
| Pukalani | 1 | 3 | $710,000 | $520,000 | |
| Sprecklesville / Paia/ Kuau | 2 | 1 | $810,000 | $1,850,000 | |
| Wailea Makena | 2 | 3 | $1,262,250 | $1,735,000 | |
| Island of Maui | 76 | 62 | $606,000 | $499,053 | |
Maui Condo Unit sales declined (-46%), average sold price = $685,584 (-29%) and Land sales median price was $800,000, up 14%.
| Maui Condo Sales June 2008 vs. 2009 | |||||
| # Sold – Median $ | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Central | 3 | 3 | $319,000 | $245,000 | |
| Kaanapali | 3 | 2 | $1,650,000 | $1,005,250 | |
| Kihei | 20 | 19 | $292,500 | $310,000 | |
| Lahaina | 0 | 1 | $ 0 | $1,300,000 | |
| Maalaea | 4 | 0 | $490,000 | $ 0 | |
| Molokai | 0 | 1 | $ 0 | $ 650,000 | |
| Napali / Kahana | 9 | 7 | $575,000 | $400,000 | |
| Pukalani | 1 | 0 | $580,000 | $ 0 | |
| Kapalua | 2 | 1 | $852,500 | $1,065,000 | |
| Wailea Makena | 13 | 8 | $2,885,000 | $1,745,000 | |
| Island of Maui | 56 | 45 | $577,500 | $520,000 | |
There are definately a lot of bargains on the island of Maui with such a decline in prices. We are here to answer any questions you may have about the Maui market and investing on our great island. You can also search all Maui real estate properties on our property search emailed to you daily or weekly. You can also get new listings as they hit the market. Information on June sales on the island of Maui was provided by Gary Bland a Maui real estate expert.
Thank You and Happy Holidays
We at American Dream Realty would like to thank everyone we have helped in the past year. We wish you a happy Holiday Season and a safe new year!! We really appreciate all your business and trust you have put in our company in helping you locate and buy Hawaii real estate.
Oh Yea, we also just got featured in this Real Estate Blog Directory that is full of great real estate related blogs.
Aloha American Dream Realty