June Sales Statistics: Maui Land Sales

The June sales statistics for Maui land sales had an UP and a DOWN. The DOWN was a slight decline in total volume of land sales at 13 units sold, but with an UP median value of $299,000 for those sales. The average DOM for land units on the market is right in the middle of home (141) and condo (147) sales at 145 DOM for land units.

Comparing the land sales statistics from Jan-June 2011 with Jan-June 2010 shows that Land sales decreased by -3%, with an average price jump of +20% at $643,744. The median price was down -30% for a value of $315,000, finishing up at a total dollar volume of +17%, or $44,418,351. Keep in mind that Land sales property class samples are too small to provide a truly reliable indicator.

For the past 12 months 124 units of land found new owners.

More detailed information is available at the Realtor’s Association of Maui’s newsletter, which was used as the source of this article’s information.