Kapalua, Maui: Real Estate Market Update and Newsletter November 2011

By
Real Estate Agent with Island Sotheby's International Realty R(S): 56519
https://activerain.com/droplet/nxm

Pineapple Hill Estates Home, Kapalua, MauiAloha!

The latest edition of the Kapalua Real Estate Market Update and Newsletter is now available online.

The real estate market in Kapalua has held relatively steady over the past year.  Comparing sales through this time in 2011 with 2010, we see that the number of sales is up 11%, and sales volume is up 19% with $81,248,862 in closed sales in 2011 vs. $65,533,000 for the same period in 2010.  It is noteworthy that average closing prices are up approximately 10% over last year--the low remained the same and the high was buoyed by the sale of a magnificent home in the Plantation Estates at $14 million.

Our market has done well compared with other areas of the island and the mainland US.  In part, we have few short sales and foreclosures (4 REO's and 2 Short Sales out of 37 Sales Year to Date).  The strength of the market can be attributed in part to the ownership base, and because we are largely a second home community, and lenders have traditionally required larger down-payments for second home loans.

For more detailed information on the Kapalua Resort real estate market and other Maui properties, visit www.LuxuryRealEstateMaui.com

 

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Rainer
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Ron T. Weems Jr.
Weems Property Group | KW North Sound - Bothell, WA
Managing the details one home at a time.

Courtney,

Maui is such a great place. I use to live on the island of Oahu and visited Maui often. I am glad to see the market is doing well over there. Happy Holidays!

Nov 22, 2011 07:00 PM #1
Rainmaker
156,008
Courtney Brown, Realtor (S) Vice President
Island Sotheby's International Realty - Lahaina, HI
Live a Maui Life!

Aloha Ron,

Thank you for taking the time to read the post.  Maui is pretty wonderful :)

Hope your holidays are happy and warm!

Best,

Courtney

Nov 22, 2011 07:09 PM #2
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Rainmaker
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Courtney Brown, Realtor (S) Vice President

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