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The Coconut Chronicles
The MauiRealEstate.com Newsletter
Volume 16 » page 3 ...
Maui Real Estate Market Update
While monthly real estate statistics on Maui tend to fluctuate due to our small market size, looking at Maui Real Estate statistics over months and years can reveal broader trends. Over the last few years, the trend has been markedly upwards. Over the first seven months of 2006, changes in the market are starting to become apparent. July stats have provided the clearest example of changes in our market. In the condo market, we saw a little more than a third of the number of transactions in July of 2006 when compared to July 2005. August saw similar reductions between the same time in 2005. Plain and simple, across the board there are fewer buyers and there is a lot more opportunity. That being said, we are not seeing big drops in pricing. Some segments of the market that were particularly hot in mid to late 2005 have seen prices fall from their peak levels to numbers that are closer to this time last year. However as a whole we are continuing to see appreciation albeit at lower rates. We will continue to monitor the county real estate statistics both in the Newsletter and on our blog.
Click here to see all of the Maui Board of Realtor Statistics including statistics for regions of the island.
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August 2006
|
|
Days on Market
|
Median Price
|
|
Total New Listings
|
170
|
|
|
|
Homes Sold
|
95
|
123
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$749,000
|
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Condos Sold
|
66
|
133
|
$488,750
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|
Vacant Land Sold
|
14
|
153
|
$452,500
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| August 2005 |
|
Days on Market
|
Median Price
|
|
Homes Sold
|
129
|
119
|
$670,000
|
|
Condos Sold
|
187
|
115
|
$366,500
|
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Vacant Land Sold
|
28
|
170
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$667,500
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July 2006
|
|
Days on Market
|
Median Price
|
|
Total New Listings
|
173
|
|
|
|
Homes Sold
|
88
|
131
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$750,000
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|
Condos Sold
|
78
|
130
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$525,000
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|
Vacant Land Sold
|
16
|
224
|
$452,500
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| July 2005 |
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Days on Market
|
Median Price
|
|
Homes Sold
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125
|
126
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$642,600
|
|
Condos Sold
|
225
|
109
|
$380,000
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Vacant Land Sold
|
32
|
207
|
$642,600
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June 2006
|
|
Days on Market
|
Median Price
|
|
Total New Listings
|
196
|
|
|
|
Homes Sold
|
82
|
123
|
$758,000
|
|
Condos Sold
|
101
|
151
|
$675,000
|
|
Vacant Land Sold
|
24
|
133
|
$622,500
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| June 2005 |
|
Days on Market
|
Median Price
|
|
Homes Sold
|
146
|
128
|
$727,500
|
|
Condos Sold
|
194
|
115
|
$387,500
|
|
Vacant Land Sold
|
37
|
224
|
$662,145
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May 2006
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|
Days on Market
|
Median Price
|
|
Total New Listings
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172
|
|
|
|
Homes Sold
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84
|
122
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$727,000
|
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Condos Sold
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135
|
132
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$590,000
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Vacant Land Sold
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17
|
173
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$640,800
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| May 2005 |
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Days on Market
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Median Price
|
|
Homes Sold
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110
|
132
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$780,000
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|
Condos Sold
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175
|
111
|
$350,000
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|
Vacant Land Sold
|
32
|
181
|
$793,750
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April 2006
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|
Days on Market
|
Median Price
|
|
Total New Listings
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155
|
|
|
|
Homes Sold
|
68
|
110
|
$690,000
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|
Condos Sold
|
111
|
121
|
$539,000
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|
Vacant Land Sold
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20
|
131
|
$735,800
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| April 2005 |
|
Days on Market
|
Median Price
|
|
Homes Sold
|
116
|
110
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$674,000
|
|
Condos Sold
|
222
|
113
|
$329,500
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|
Vacant Land Sold
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26
|
139
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$547,500
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|
March 2006
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|
Days on Market
|
Median Price
|
|
Total New Listings
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183
|
|
|
|
Homes Sold
|
107
|
134
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$725,000
|
|
Condos Sold
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143
|
127
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$530,250
|
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Vacant Land Sold
|
39
|
104
|
$701,800
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| March 2005 |
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Days on Market
|
Median Price
|
|
Homes Sold
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123
|
123
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$635,000
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Condos Sold
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182
|
104
|
$416,250
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Vacant Land Sold
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41
|
76
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$415,000
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February 2006
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|
Days on Market
|
Median Price
|
|
Total New Listings
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183
|
|
|
|
Homes Sold
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59
|
132
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$680,000
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Condos Sold
|
116
|
152
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$438,325
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|
Vacant Land Sold
|
34
|
75
|
$800,000
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| February 2005 |
|
Days on Market
|
Median Price
|
|
Homes Sold
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81
|
153
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$575,000
|
|
Condos Sold
|
149
|
140
|
$353,523
|
|
Vacant Land Sold
|
23
|
179
|
$550,000
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|
January 2006
|
|
Days on Market
|
Median Price
|
|
Total New Listings
|
200
|
|
|
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Homes Sold
|
86
|
121
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$690,500
|
|
Condos Sold
|
129
|
103
|
$440,000
|
|
Vacant Land Sold
|
28
|
558
|
$430,000
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| January 2005 |
|
Days on Market
|
Median Price
|
|
Homes Sold
|
98
|
132
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$632,500
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|
Condos Sold
|
99
|
102
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$430,000
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Vacant Land Sold
|
31
|
255
|
$584,100
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Thank you again for taking the time to read the Coconut Chronicles. As always, feedback and questions are most appreciated.
If you know anyone else who might enjoy these articles, please feel free to forward a link to this page.
Warmest Alohas,
Pete and Billy Jalbert
The MauiRealEstate.com Team
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