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.
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One Response to “June 2009 Maui Real Estate Market Update”
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Many parts of the mainland have turn up on volume. Sale prices are hopefully bottoming but are mainly down. There are some areas that are showing modest increases in price. Do you think that Hawaii is going to follow suit.