Gary's Blog

Thursday, July 8, 2010

Real Estate Sales Active on Maui

Way up! is the best way to describe the volume of sales so far in 2010.

Here are some statistics for the first half of '10 that will get your juices flowing:

422 single family closings in single family residences , up 42.6% from last year, same period.

407 condominium closings, up 63.6%.

$828 million in closings, up from $569 in '09 same period.

Maui Meadows: 11 closings this year, vs. 2 in '09!

Wailea-Makena: home sales doubled to 18 closings, prices up 22% from same period last year.

Kaanapali, home sales also doubled, to 12 closings, but prices have fallen 6%.

Kapalua, sales are up to 4 closings, from 3 last year, and average price doubled!

Makawao, Olinda, and Haliimaile, home sales rose to 23 from 13, and prices are up 10%.

Kula, Ulupalakua, and Kanaio, sales are up from 19 to 27 closings, and average prices are up 14%.

Pukalani, closings rose from 28 to 34, but prices fell 7%.

Haiku, closings more than double to 23, and prices rose 10%.

Lahaina, home sales rose from 15 to 24 closings, and prices gained 8%.

Central Maui, 132 closings, from 113 last year, same period, but prices fell a dramatic 17%.

Kihei had 81 closings, up from 53, and prices were down 19%.

Top-end condos are moving like hotcakes. Kapalua condo closings jumped from three to 14, at average prices of $1.6 million, up from only $1 million a year ago.

Kaanapali condo closings increased by 27, from 157 to 184, but prices were unchanged.

Wailea-Makena, condo closings more than double to 64, and prices advanced 4% to an average of $1.7 million.

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