Maui Real Estate Stats
For those of you considering moving to Maui, (and I hear from a lot of you!) here are the latest stats on real estate in the Upcountry Makawao/Pukalani area.
There were 36 properties sold in Makawao from April 1 to October 17, 2012
The highest selling price was $1,780,000. The lowest selling price was $210,000. That was for a three bedroom/1 bath, 820 square-foot house on a lot size of 6595.
This makes the median price $380,000.
In Pukalani the highest selling price was $1,085,000. The lowest price was $220,000. That was for a three bedroom/1 bath 1486 square-foot house on a lot size of 11,221 feet.
Be aware that these sales figures say nothing about the condition of the houses. There are some real stinkers out there. A house in Maui is in a perpetual state of returning to the jungle (rotting) from the humidity, red dirt, wind and rain. It takes a lot of time, love, and money to keep a house in tiptop shape. I couldn’t figure out why so many people let their houses go to pot, in need of paint, weeding and repair, until I owned a house in Maui and saw the kind of time and money it takes to keep one up. It’s like a continual battle between you and the jungle. Paint alone is much more expensive here than on the mainland. Don’t forget, they have to ship it.
National Association of Realtors chief economist Lawrence Yun said 2012 is expected to be a year of recovery for housing. “First-quarter sales closings were the highest first-quarter sales in five years.”
A hui hou!