Kula Maui HI 96790 - year end market report 2016

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Real Estate Agent with Hawai'i Life Real Estate Brokers HRE# 58089 - RS

Kula Maui HI 96790 - year end market report 2016

It's time to wrap it up for another year.  What real estate sold in Kula Maui in 2016?  What's for sale in the Kula Maui real estate market - search the MLS here

Kula Maui residential sales:

  • 64 SOLD listings ranging from $340,000 to $6,550,000 and 44 of them were under $1M
  • Average sold price was $1,133,309 and median sold price was $848,750
  • Lot size varies from 6,817 square feet to 25.47 acres with 36 parcels being less than 1 acre, 13 lots came with 1-3 acres, 10 with 3-10 acres, and 5 with 18-25 acres... nothing larger
  • Days on Market went from 23 to 607 - average of 160 and median of 109
  • 2 were bank owned foreclosures, none were short sales

Kula Maui vacant land sales:

  • 13 vacant lots sold in 2016, priced between $220,000 to $1,825,000 and most were under $750,000 - only 1 was over $1M and that was 24 acres
  • Average sale price was $617,230 and median sale price was $540,000
  • Lot size was from 1/4 acre to 24 acres, with 6 being 1 acre or less, then 6 being between 5 and 7 acres, and just 1 was 24 acres
  • Days on Market went from 28 to 432 - average of 193 and median of 181
  • No short sales or REO bank owned land

Ainakula Rd sale at $2,100,000

Ainakula Rd sale at $2,100,000

Kula Maui residential listings for sale:

  • 55 total listings priced from $570,000 to $4,500,000
  • Average list price is $1,516,974 and median list price is $1,297,000
  • Lot size varies from 1/4 acre to 19 acres with 13 being less than 1 acre, 22 being 1-3 acres, and 8 properties come with 10 acres or more
  • 10 Pending listings priced from $650,000 to $1,250,000
  • Days on Market range from 11 to 705
  • 0 are bank owned, 3 are short sales

Kula Maui vacant land for sale:

 

  • 64 total vacant land listings priced from $299,000 to $13,000,000
  • Average list price is $1,394,307 and median list price is $832,350
  • Lot size varies from 1/4 acre to 3,285.8 acres with only 5 being less than 1 acre. 15 come with 1-3 acres, 25 more parcels sized up to 10 acres, 15 lots are between 10 and 25 acres, 1 is 52 acres and 4 more come with hundreds of acres.  Can you see a lot of development potential here?
  • 14 Pending listings priced from $299,000 to $1,343,850
  • 7 listings are Residential Condos (CPR units)
  • Days on Market range from 3 to 675
  • 0 are bank owned, 0 are short sales

149 Ho'omaikai, Kula Maui HI

149 Ho'omaikai Pl, Kula Maui HI is for sale

Based on the absorption rate of 2016 there's a pretty short supply of housing, but a very good supply of land, especially large  tracts that can be subdivided. It looks like land sales will be up next year compared to this year. If water meters are available there could be a lot of new home construction coming up in the next few years.  Kula offers some really great locations to build a home.

Thanks for reading my Maui blog...

Buying or selling real estate on Maui?  That's what I do.  Let me help YOU.

Georgie Hunter R(S) e-Pro, Hawai'i Life Real Estate Brokers
127 Hana Hwy. #G, Paia HI 96779
E-mail or call/text: 808 283-0635

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Show All Comments
Rainmaker
458,496
Steven Nickens
Elite Pacific Properties Maui - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Georgie, great updated, very impressive as usual.

Dec 31, 2016 12:02 AM #1
Rainmaker
2,585,375
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

The beautiful deep blue in the sky is the selling point of that house! Unbelievably beautiful! Just absolutely wow!

Dec 31, 2016 12:12 AM #2
Rainmaker
2,585,375
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Steven Nickens I would say she updated it in all the right places and kept it Vintage in all the right places!

Dec 31, 2016 12:13 AM #3
Rainmaker
1,362,315
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Aloha and Happy New Year Steven Nickens and Laura Cerrano 

Thanks for taking the time to read my blog!

Dec 31, 2016 02:15 AM #4
Rainmaker
458,496
Steven Nickens
Elite Pacific Properties Maui - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Laura I always have been a fan of Georgie, she is one of the best Bloggers in the State of Hawaii.

Dec 31, 2016 10:58 AM #5
Rainmaker
1,362,315
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Laura Cerrano and Steven Nickens - thanks!  You guys are too nice!

Jan 05, 2017 06:37 PM #6
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Rainmaker
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Georgie Hunter R(S) 58089

Maui Real Estate sales and lifestyle info
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