Makawao/Pukalani Maui Newsletter - 2008 Year End Market Report

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

Makawao/Pukalani Maui Real Estate Newsletter     -     2008 Year End Report
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Here's a 2008 year end market report for the upcountry Maui towns of Makawao
and Pukalani.
I hope you enjoy this month's newsletter.

Pukalani Country Club - Pukalani Maui HIPUKALANI

Total properties SOLD - 44      Total value $29,908,500

Residential
40 SOLD    Total value $26,318,500.
average price and Days on Market (DOM)  $657,962   183 days
median price and DOM   $630,000    143 days

The lowest priced home was a cute "residential condo" 500 sf cottage with
incredible views, which sold for $330,000.
The highest priced home was a large house in Kula 200 (which is technically
Pukalani), on 2 acres.  It sold for $1,675,000.

Condo
2 SOLD   Total value  $1,190,000
average price and DOM    $595,000     542 days

These were both in The Gardens Upcountry, the only condo building in
Pukalani.

Land
2 SOLD   total value   $2,400,000
average price and DOM     $1,200,000     55 days

A 1/4 acre lot sold for $600,000 while a 59 acre parcel sold for $1,800,000.

home sweet chicken homeMAKAWAO and OLINDA

Total properties SOLD - 39      Total value $25,426,940

Residential
35 SOLD    Total value $18,254,940
average price and DOM  $521,569   138 days
median price and DOM   $500,000    111 days

The lowest priced home was a developer's affordable housing, a 600 sf
cottage with
2BD/1BA, which sold for $241,060.
The highest priced home was in Olinda, on 2 acres.  It sold for $1,400,000.

Land
4 parcels SOLD   total value   $7,172,000
average price and DOM     $1793,125    153 days

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The big commercial sale of the year was the building located at the corner
of Makawao Avenue and Olinda Road, where Casanova's is.  It sold for
$2,600,000 in May of 2008.  Casanova still holds the lease until the summer
of 2011.  That's good news for the Realtors of Maui, since we like to meet
up here for our weekly Upcountry Caravans.
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Georgina M. Hunter R(S) e-Pro   (808) 283-0635

Jim Sanders Realty Inc.
PO Box 792050, Paia, HI  96779   (808) 579-8255  FAX: 579-9004

Looking for a home on Maui?    Call THE HUNTER... Georgie
Hunter, your Upcountry Specialist.

Search all land and residential listings on my website...  www.eastmaui.com

PUKALANI homes for sale     MAKAWAO homes for sale

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Aloha from Maui...   "I want to help you reach your Real Estate goals."

Pukalani Terrace shopping center, Pukalani Maui HI

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Georgie Hunter R(S) 58089

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