Maui Home Prices Surge

Aloha!

If you want to check out Maui real estate, it’s helpful to know that the median prices for single-family homes jumped 21.3% to $570,0000 in September, compared to 2013. Condos are up 34.8% to $465,000, according to the Realtors Association of Maui.

It’s worth noting that all of this is based on the area. For single-family homes, Central Maui (Kahului) had 32 sales and a $449,500 median price. Kihei had 12 sales and a $502,500 median price. But Haiku came in with eight sales and a $745,575 median price.

These low-end median prices are usually a typical Maui home made of cement block, and have three bedrooms, one bath, and a tiny kitchen. Perhaps a more accurate depiction of a median is this home in Olinda that I found on http://www.Zillow.com. (I love Zillow, especially the mapping and birds-eye views.) With a nice-sized kitchen, covered porch, etc.

image

Four sales of luxury homes occurred in Wailea, for a total sales volume of $12.4 million and a median price of $1.4 million.

For those interested in condos, Kihei, the town right next-door to Wailea, outpaced all of the regions. It had 31 sales of condos with a median price of $315,000. Up north, Napili/Kahana/Honokowai had 12 condo sales, and a median price of $465,000. And upper-end Kaanapali came in with a median price of $930,000.

This is good news for Maui homeowners who have been hanging on waiting for their house prices to bump up so that they could sell. For those looking to buy in Maui, the time is now!

The full report can be seen at http://www.ramaui.com

A hui hou! If you’d like to stay in the loop, please click the “Follow” button on the Homepage, or to the right. Mahalo for reading along.

Aloha, Jamaica

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