Maui Market report

By
Real Estate Agent with Elite Pacific Properties Maui R(S)54097

Here are the figures for Maui real estate market year to date. The Maui Report for June 2008 covers the first half of 2008.   With current trends you will find motivated sellers and opportunity to purchase your dream home. 

  • The first half of 2008 saw fewer real estate transactions, declining 25.9% for single-family homes and 17.8% fewer condominiums compared to the same time period last year.
  • Single-family home prices dipped 8.9% to $590,000 compared to last year.
  • Condominium prices showed positive growth increasing 9.5% to $575,000 compared to last year primarily due to new high-end condo sales that recently closed in the Wailea area.    
  •  The majority of sales for single family homes in the first half of 2008 occurred in Wailuku, followed by Kihei and Kahului. Condominium sales were strong in Kihei and Wailea/Makena, accounting for more than half of the overall sales number.
  • Search all Maui real estate www.nickensmaui.com or Kula www.nickensmaui.com/upcountry_props.htm

 

 

  

Resale's

Median Price

 

ALL MAUI

YTD 2007

YTD 2008

% change

YTD 2007

YTD 2008

% change

Single-Family

644

477

-25.9%

$647,500

$590,000

-8.9%

Condominium

617

507

-17.8%

$525,000

$575,000

9.5%

 

 

So if you have any questions about Maui real estate in your area or your current home values give me a call.

  

Steven Nickens R(S) GRI ABR

The Wailea Group LLC.

Wailea, Maui, Hi 96753

www.nickensmaui.com

Email:nickens@maui.net

 

Posted by

 Maui Realtor

Steven C. Nickens RS-54097  GRI ABR

Elite Pacific Properties

34 Wailea Gateway, suite A-204

Wailea, Maui, Hi 96753

www.nickensmaui.com

Cell: 808-280-2208

Email:nickensmaui@gmail.com

24 Years Selling Maui Real Estate

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Steven Nickens

R(S)GRI ABR, Maui Real Estate Hawaii
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