The Maui real estate market statistics are in for the first month of 2017, compiled by the Realtors Association of Maui. It's always interesting to see how the new year kicks off, which says a lot about how buyers have fared financially by the close of the prior year. In general, the highest number of real estate sales tend to happen in the spring and summer months, but Hawaii's trends aren't as pronounced that way as other places in the nation. That being said, January tends to be on the quiet side, but that's why the statistics compare data to the same month last year.
According to the report, the median price of a Maui single-family home was up 4 percent to $655,000 in January. The number of sales fell 10.9 percent to 65 homes sold. In January of 2016, there were 73 single-family home sales, but the median price was $630,000.
Meanwhile, the median price of a condo in Maui County was up a dramatic 36 percent to $537,500, with a 15.6 percent increase to 96 sales. In January of last year, the median price was $395,000 with a total of 83 sales. There are more condo sales in Kihei than any other area on the island, in part due to the abundance of choices.
If you're in the market, you may want to browse the robust collection of Kihei condos for sale at this time. These condos are also ideal for short-term rentals, being that they're located near some of South Maui's loveliest beaches. West Maui condos include a wide variety of choices as well.
You can find RAM's collection of Maui real estate statistics at www.ramaui.com, if you're interested in reading up on the past trends that have shaped the market as we know it today. The data is compiled and released every month with single-family home, condominium and land statistics, including price information, number of sales, and volume of sales. The information is broken up based on location, so if there are certain areas that have caught your interest, you can take a look at the current and past market influences on that area.
If you're looking for Maui real estate, we recommend perusing our website, trying our search feature, or reaching out to us. We can assist you through every step of the real estate purchase process. You'll find our contact information by clicking here. Mahalo!
Hawaii earned the number one rank in the nation for healthiest and happiest residents, according to the 2016 State of Well-Being Rankings report by Gallup and Healthways Inc. This is the second year in a row that Hawaii has earned these distinctions. For those of us who love the islands, it's no surprise, especially given the cleanliness of the environment and the myriad of opportunities to lead an active lifestyle. Many Maui real estate buyers choose to live here for these reasons, including families, retirees, and young couples as well.
According to Gallup-Healthways, Hawaii has been No. 1 a grand total of six times since they began tracking well-being in 2008. It'll be a challenging record for other states to break in the future. The other top contenders this year were Alaska and South Dakota, which earned scores of 64 and 63.7, respectively. Hawaii's score was 65.2 in 2016. Alaska took the top spot in 2014, but Hawaii replaced it in 2015 and 2016.
Hawaii's score of 65.2 is the highest level of health and well-being that the index has seen in the last three years. The five categories evaluated in the report are physical, financial, social, purpose, and community. Hawaii's strongest performance was in the financial, community and physical well-being categories. Its rank in terms of purpose was 12th, but it lagged in terms of social well-being, at 46th. As you might imagine, this quality is going to vary by island. Perhaps the best plan, if you're going to move to Hawaii, is to bring your friends and family with you!
You can click here to view the full report. In it, you'll see where every state in the nation is ranked. This could be a useful tool to help you make up your mind as to where you want to go. Although no state is perfect, it's worth knowing which fall at the bottom of the index. West Virginia came in last with a score of 58.9, followed by Indiana, Oklahoma and Kentucky, all of which earned scores of 60.5.
Hawaii's success in terms of community and physical well-being is something that has come to define the lifestyle that can be experienced here. As for finding the perfect home to enjoy it from, we can help you there. If you need our assistance, you'll find our contact information at the bottom of the page. Mahalo!
South Maui offers many exciting opportunities when you're looking for a good real estate investment. When it comes to variety, Kihei real estate is a great place to start, if you want to live near beaches that have graced many a postcard with their beauty. For example, this gated, single-family home for sale on Halama Street has many remarkable features and a great location.
This 3 bed/1.5 bath renovated home is nestled on the mauka side (toward the mountain) of Halama Street, which runs along the beach, along with its makai side (toward the ocean) properties. Its long list of updates includes energy efficient LED recessed art/task lighting, floor-to-ceiling solid interior pocket doors throughout, as well as jalousie windows and full view glass and steel entry doors. These renovations provide plenty of light, both artificial and natural, not to mention the choice between ocean breezes or air conditioning, and wonderful views of those famous Maui sunsets.
Two of the bedrooms are divided by an oversized pocket door that can be opened to merge the rooms together, making the space unusually versatile, which is ideal if you need to accommodate guests or you have a large family. This area also features a sliding glass door to the backyard.
If you enjoy cooking, you're sure to appreciate the Bosch appliances, including the gas cook-top and 60" wide Kenmore Elite refrigerator/freezer. The property is ideal for growing your own food to add color and flavor to your meals. The 20' outdoor kitchen garden is an excellent space for that purpose.
Speaking of the outdoor space and plant cultivation, the property is already home to papaya, avocado, banana and mango trees. The dining lanai features a direct gas connect for a grill, while the secondary lounging lanai is sheltered by the canopy of a mature rainbow shower tree. Last but not least, the property features include a solar hot water heater.
One of the best things about this Halama Street home is the close proximity to the many charms that Kihei and the rest of South Maui have to offer. This part of the island boasts countless attractions, including a dazzling collection of restaurants, shops, art galleries, parks and gorgeous beaches. If you'd like to view this property, our contact information is located at the bottom of the page. We look forward to hearing from you! Mahalo!
The Maui real estate market statistics are in for the first month of 2017, compiled by the Realtors Association of Maui. It's always interesting to see how the new year kicks off, which says a lot about how buyers have fared financially by… Continue Reading
Hawaii earned the number one rank in the nation for healthiest and happiest residents, according to the 2016 State of Well-Being Rankings report by Gallup and Healthways Inc. This is the second year in a row that Hawaii has earned these distinctions.… Continue Reading
South Maui offers many exciting opportunities when you're looking for a good real estate investment. When it comes to variety, Kihei real estate is a great place to start, if you want to live near beaches that have graced many a… Continue Reading