Gary's Blog

Sunday, November 7, 2010

Maui Sales UP 27.7%!

Year to date, sales of property on Maui is in excess of $1.7 billion, according to the Realtor's Association of Maui statistics. The same period in '09, sales were just under $1.3 billion.

What is amazing is the percentage of total sales done by our boutique office at Coldwell Banker Island Properties at the Shops at Wailea. So far this year, CBIP Wailea has closed about 12% of the total sales in Maui, over $206 million.

That's also a nice increase over '09. This time last year, we had closed just over $106 million!Maui Ranks High in Hotel Stays, Prices- A survey of world island tourist destinations puts Hawaii, and particularly Maui, at the top in hotel occupancy, prices, and revenue per available room. Oahu had the highest occupancy, at 78.3%.

Maui was fourth in the world for average daily rate, at an average $225 per night. But because Maui enjoyed better occupancy rates than the higher-priced resort locations, Maui had a higher revenue per available room amount of $155, up 7.7%.

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