Real Estate Maui Hawaii Blog

Mark and Lisa bring you the latest on the Hawaii real estate market, events, fundraising benefits, news, sports, new island developments, tips to help you buy or sell a home and more. Subscribe to receive updates on our weekly blog today!

Maui Real Estate Prices and Sales Up in November

Prices and sales increase significantly for Maui County in November.
December 14, 2012

Maui Real Estate Prices and Sales Up in November

South Maui Condo

By Mark Harbison

In our recent blog entries, we covered falling unemployment rates and rising personal income within Maui County, and now the Maui real estate numbers are in for November. They don't buck the trend of economic growth.

According to the Realtors Association of Maui, both home and condo sales increased by large margins compared to the same month last year. There was a 10 percent jump in single family home sales and a 24 percent jump in condo purchases. It was an excellent month for the market.

A total of 84 single-family homes sold in November, compared to 76 in the same month last year. Median prices were up 10 percent to $467,500, compared with $422,500 in November of 2011. As for condos, there were 96 sales compared to 77 in the same month last year, while median prices were up 47 percent at $390,945 compared to $265,000 year over year.

That 47 percent increase in condo prices really is extraordinary, but because Maui County is such a small market, a small number of sales will have a more significant impact on the median than they would in a larger market. As always, we encourage those who are looking for their Maui dream home to consider the long term trends more carefully than extreme spikes or drops that may appear in any given month.

If you are on the hunt for a South Maui condo or home, you've found our specialty. We'd be happy to assist you with every step of the process. Mahalo for reading, and good luck with your search!

Blogs for December 2012

Maui Hotel Occupancy Up and Rates Down

Posted on December 28, 2012
Maui Hotel Occupancy Up and Rates Down

By Mark Harbison

Last week, we blogged about the fantastic Maui hotels that made the Conde Nast Traveler's Gold List. Two of them were located on beautiful oceanfront South Maui properties. The outcome was a triumph, to be sure, but what about Maui hotel performance in… Continue Reading

Maui Hotels on Conde Nast Traveler's Gold List

Posted on December 21, 2012
Maui Hotels on Conde Nast Traveler's Gold List

By Mark Harbison

Three of Maui's hotels made the Conde Nast Traveler's Gold List for 2013, which included thirteen total in the state of Hawaii. The list is decided by nearly 47,000 of the magazine's readers, who vote on the best places to stay.… Continue Reading

Maui Real Estate Prices and Sales Up in November

Posted on December 14, 2012
Maui Real Estate Prices and Sales Up in November

By Mark Harbison

In our recent blog entries, we covered falling unemployment rates and rising personal income within Maui County, and now the Maui real estate numbers are in for November. They don't buck the trend of economic growth.

According to the Realtors Association… Continue Reading

Kihei High School Project Moving Forward

Posted on December 07, 2012
Kihei High School Project Moving Forward

By Mark Harbison

After a long wait, the Kihei High School project is moving forward with Governor Neil Abercrombie's endorsement of its final environmental review. This is great news for those with families who want to purchase real estate in South Maui. For many families, Maui… Continue Reading

Archives
Mark and Lisa

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

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
Shops at Wailea, Suite B-35
3750 Wailea Alanui * Kihei, HI 96753
Meyer Computer, Inc.
Web Services provided by Meyer Computer, Inc.
Web Hosting & Design