Maui, Hawaii Real Estate
OCTOBER 2014 Statistics
October’s Sales Unit Volume: Residential sales declined to 80 homes sold while Condominium sales rose to 94 units sold. Land sales remained steady at 14 lots sold.
October’s Median SALES prices: The Residential median price decreased slightly to $564,000 while Condo median price dipped to $407,000. Land median price decreased to $467,500.
Days on Market: Residential homes = 139, Condos = 116 DOM, Land = 111 DOM. (General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD inventory sells, it will move this indicator upward, and vice versa. RAM's Days on Market are calculated from List Closing Date [not contract date], including approximately 60 days of escrow time.)
WARNING!! "Year to Date Sales" numbers compare January to October 2013 to January to October 2014. Shorter timeframe (monthly) views do not necessarily reflect the longer timeframe trends.
Year to Date:
Almost half of the Sales in the last 12 months have been CASH transactions! Continue to article (click here).