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.