Maui Real Estate

Jan: 05

Happy New Year from Maui

Aloha and Happy New Year from Maui! Can you believe 2011 is already upon us?

As our team recently to a moment to reflect back on the past year, the unanimous sentiment was gratitude. Gratitude for friends and family. Gratitude for living on Maui. Gratitude for the best clients. And gratitude for the opportunities ahead.

One thing we witnessed this past year was a considerable increase in sales volume of both single family homes and condominiums on Maui. Between January 2009 and November 2009, single family home sales volume on Maui was slightly over $430 million. Between January 2010 and November 2010 (December statistics are still being compiled), single family home sales volume rose to just over $564 million. That’s significant. A 31% increase. You can see this change summarized here.

The sales volume of condominiums rose during this same period from $529 million to $686 million—a 30% increase. See statistics here.

Yes prices declined during this period, but even more significant, sales activity and resulting volume has been on the rise.

There are some excellent opportunities to get in the game and grab your own piece of Maui in 2011. We’d love to hear from you. Give us a call @ (808)572-0866, or send an email.

Mahalo Nui Loa,

The Smith Team

P.S. Be sure to check out the Hyundai Tournament of Champions which is being played this week on Maui. This is the season opening event for the PGA tour. It will be played at the world class Plantation Course at the Kapalua Resort. Watch the event on TV. Or if you are on Maui, head out to Kapalua to see it in person. This year admission is free. Learn more about the tournament here. And if you have a taste for Kapalua real estate, be sure to check out the two Kapalua properties featured in this week’s newsletter.