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maui statistics: Behind the October Maui Condo Stats - 11/18/08 12:45 PM
Last month, I posted on some interesting happenings in the Maui Condo market. The September median of $388,500 was significantly lower than the August median of $625,000. Our October Maui Real Estate Statistics proved September wasn't an anomaly when the median came in at $402,500. So what gives? Has the bottom dropped out? Are we seeing plumeting prices? I will try to answer these questions and provide a few other observations on last month's condo sales below.
It is clear that we are seeing price adjustments throughout the condo market. That being said, the big drop off in median condo prices … (3 comments)

maui statistics: Changes in the Maui Condo Market and a Cautionary Tale on Real Estate Statistics - 10/23/08 10:44 PM
Small market real estate statistics can pose a challenge. When you have a relatively small sample size, median and average sales prices may swing significantly based on new development sales,  bulk purchases, or increased activity in one price range in the market.  That leaves median and average prices as a poor indicator of actual changes in value. We have seen this effect with statistics on Maui.
Our condo market has been more resilient than most. There were relatively few condos financed with sub-prime loans and International demand was strong through much of 2007-2008 as Canadians and Europeans took advantage of the strength of their respective currencies. That being … (3 comments)

 

Pete Jalbert R(S)

Paia, HI

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The Maui Real Estate Team, Inc.

Cell Phone: (808) 283-3868

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Real estate and lifestyle blog for Maui County. View Pete Jalbert's profile on LinkedIn Pete Jalbert, Real Estate Professional in Paia


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