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Maui Real Estate Sales Up - Prices Down

Home and condo sales continue to climb, but prices remain lower than last year.
September 24, 2010

Maui Real Estate Sales Up - Prices Down

South Maui Real Estate for Sale

By Mark Harbison

Maui's buyer's market is maintaining itself as sales increase while prices remain low. Last month, there were more condo and home sales on Maui than there were in the same month last year, however, median prices for both were lower, according to the Realtors Association of Maui (RAM).

In August of 2009, only 53 single-family homes sold. This past August, 67 sold. As for condos, there were 66 sold in August last year but 81 sold this past August. Also, year-to-date sales are now at 552 homes and 817 condos as opposed to the same period last year where there were only 408 homes and 551 condos sold. These increases are pretty striking.

The good news for prospective buyers is that although sales volume is climbing sharply, prices were much lower last month than in August last year. The median price of a single family home was $461,000, compared to $500,000. The median price of a condo was $310,000, compared to $371,250 last year.

Continuing foreclosures and a high volume of bank-owned properties are responsible for keeping prices low. This makes things tough for anyone trying to sell, but for buyers, Maui is a treasure trove of affordable real estate in paradise. If you are considering a Maui real estate purchase, keep in mind that there is considerable deviation in home prices from the median numbers reported by RAM. There are much more expensive and much more inexpensive homes on the market above and below that median.

If you are looking for Maui real estate within a specific price range, we have an online Maui real estate search tool where you can set not only your pricing criteria, but many other factors like location, number of bedrooms, etc. As far as good buys are concerned, we recommend a look at the Wailea Golf Estates, and as always, our Maui real estate listings. If you need any help with our website or your pursuit of great Maui real estate, please see our contact info at the bottom of the page. Mahalo!

Blogs for September 2010

Maui Real Estate Sales Up - Prices Down

Posted on September 24, 2010
Maui Real Estate Sales Up - Prices Down

By Mark Harbison

Maui's buyer's market is maintaining itself as sales increase while prices remain low. Last month, there were more condo and home sales on Maui than there were in the same month last year, however, median prices for both were lower, according… Continue Reading

Nutrition Presentation in Spreckelsville Maui

Posted on September 17, 2010
Nutrition Presentation in Spreckelsville Maui

By Mark Harbison

If you are interested in trying a vegetarian diet but you aren't quite sure whether you know enough about it to make the leap, there is an upcoming free presentation called "The Latest in Human Nutrition 2010." Michael Greger, M.D., will be presenting, and… Continue Reading

Maui Ocean Center Petroglyph Presentation

Posted on September 10, 2010
Maui Ocean Center Petroglyph Presentation

By Mark Harbison

The Maui Ocean Center (MOC) often hosts interesting events to make visitor experience as memorable and educational as possible. For those that prize Hawaiian cultural immersion, their upcoming event, Friday No Ka 'Oi should be just the thing to enhance your enjoyment.

The theme of… Continue Reading

Hawaii Conservation Program Sets Aside 750 Acres

Posted on September 03, 2010
Hawaii Conservation Program Sets Aside 750 Acres

By Mark Harbison

Hawaii is viewed by most as a tropical paradise, and that's what it is. But that's not all it is. Our lovely little island chain is is a treasure trove of unique culture, history and natural resources. The term "natural resources" doesn't… Continue Reading

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Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

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