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Market Update
The June 2012 sales statistics and quarterly report have come out from the Realtor Association of Maui. In a nutshell, June's residential sales rose to a 14-month high of 86 homes sold and the condo sales rose to 120 units sold. The residential home median price rose to $575,000 which is a 46-month high. The condo median price rose to $372,990.
In the past 12 months, there were 898 residential sales, 1.175 condo sales, and 143 vacant land sales. In the residential sector, 41.3 % of the sales came from short sales and bank owned properties. Only 29.4 % of the condo sales and 16.9 % of the vacant land sales came from REO and short sales.
We are still seeing multiple offer situations from properties that are priced right. The interest rates for buyers are still at historic lows. It is still a great time to buy.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. – Here's the zoning fact sheet from Maui County to show you the setbacks and what's allowable if you were to build on a vacant lot. If you are interested in a particular property and do not know what it is zoned, let us know and we'll be happy to assist you.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for July 16th, 2012
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Active |
Pending |
Sold |
Change |
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Homes |
530 (235) |
236 (23) |
900 (121) |
-7 |
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Condos |
812 (164) |
220 (8) |
1163 (74) |
-2 |
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Land |
427 (104) |
26 (3) |
144 (18) |
-5 |
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Total |
1769 (503) |
482 (34) |
2207 (213) |
-14 |
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1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
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Homes Over $1M
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78 S. Iwa Place
Ka'anapali
$1.695M (FS)
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Ideally situated between Lahaina and Kapalua this 2 story estate offers the best of everything with 5 large bedrooms and 4.5 baths sprawled over 5921 square feet you have enough room for stretching out comfortably and plenty of room for parties. The views from this Kaanapali Hillside home are breathtaking.
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Homes Under $1M
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178 Hookui Street
Kahului
$277.4K (FS)
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Bank Owned. Great starter home in the Luana Gardens area. Walking distance to many amenities: schools, shopping, parks. Property has a rock wall surrounding perimeter and a gated driveway.
Customer Listing Synopsis
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1260 Lower Main Street
Wailuku
$359K (FS)
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Bank Owned. This property offers diversity with many possibilities and is being sold AS IS with no Sellers disclosure. 2 dwellings, 2 electric meters, 2 water meters and an entire vacant area (approx. 3,000 sq. ft.) with room for extending or parking.
Customer Listing Synopsis
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300 Waiama Way
Haiku
$897K (FS)
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Ideal location high on the east side of Waiama Way in Haiku Hill for a beautiful view overlooking sugar cane fields and ocean beyond. Slightly sloping all-usable fenced lot with a circular driveway. The home has stunning maple floors and gorgeous stairs and railing. Soaring vaulted ceiling in the living room. Some nice architectural details, KitchenAid appliances, attractive light fixtures and a security system are included.
Customer Listing Synopsis
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33 Laha'ola Place
Wailuku
$899.9K (FS) |
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Bank Owned. 33 Laha'ola is horse lover's water view paradise. Located in Maluhia Country Ranches. This gated community and home is very private.
Customer Listing Synopsis
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1416 Kamehameiki Road
Kula
$960K (FS) |
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A truly magical property, situated on Upcountry Maui – in the slopes of Haleakala – with expansive bi-coastal views at an elevation of 3,200 sq. ft. This 50 % undivided interest consists of a 6 bedroom / 3 bath main house split into two independent floors. The estate also features a beautiful Balinese studio, outdoor spa area, and rustic outdoor kitchen. The mature landscaped gardens are adorned with ornamental trees and fruit trees including avocados, apples, bananas, sapotes, plums, figs, and cherimoyas. This is a very unique estate.
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Vacation Condo Over $1M
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Coconut Grove #14
Kapalua
$5.1M (FS)
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If you have ever dreamt of a secluded ocean front resort, it may look something like this... Behind the gates of Coconut Grove you will find a highly exclusive resort on 12 oceanfront acres. Low rise and low density, only 36 three bedrooms populate the grounds. If you enjoy blissful peace and quiet, only the sound of palm trees applauding in the wind and the surf offering a roar of approval, then you have certainly found the place.
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Vacation Condos Under $1M
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Sugar Beach Resort #504
Kihei
$299K (FS)
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Great opportunity located right on the world famous soft, warm, sandy, Sugar Beach. Tastefully decorated, fabulous views, this unit has it all. This complex offers fabulous amenities for vacationers and second home owners wanting all the comforts of home, located on the longest walking beach on Maui (4.5 miles) this beachfront resort offers heated pool, Jacuzzi, Sauna, Deluxe BBQ's , putting green, Sandwich Shop, and Mini Mart for spur of the moment supplies.
Customer Listing Synopsis
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Kapalua Golf Villas 12V1
Kapalua
$410K (FS)
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Gorgeous views of Molokai & Lanai, overlooking the famous Kapalua Bay Course & beautiful Pacific ocean. Top floor-vista unit. Great indoor/outdoor feel with large lanai.
Customer Listing Synopsis
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Residential Condos
Puuone Towers #412
Wailuku
$135K (FS) |
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Beautiful apartment at the Puuone Towers and Plaza. #412 has 2 bedrooms & 1.5 baths & has been lovingly cared for. It's spacious, fresh, clean, & has new kitchen cabinets, carpet, paint, & jaloucies. Covered lanai has new floor covering & is a great place to sit and enjoy the fabulous ocean and Waihee Valley Mountain views.
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Keonekai Villages 10-104
Kihei
$191.9K (FS) |
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Bank Owned. Ground floor 2 bdrm, 1. 5 bath, adorable apartment. Bldg. 10 - great location, private. Well maintained, clean and adorable apartment. Steps from beautiful beaches.
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Hoolea Terrace #705
Wailuku
$246K (FS) |
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Brand new developer building. This unit is an upstairs ocean view with expansive North Shore, Harbor, City Lights and Upcountry views as well.
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Vacant Land
1318 Kamehameiki Road
Kula
$510K (FS) |
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This is a beautiful 2.39 acres of vacant land with ocean views in Upper Kula is zoned rural half acre. It features a 25,000 gallon storage tank for a private water system; however, there is no guarantee this area enjoys enough rainfall to make catchment an effective water supply. There is 600 sq. ft. deck with roof, and a gravel driveway, and a main building site that has been cleared to build your dream house.
Agent Listing Synopsis
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