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Market Update
We're exactly one month into 2011 and things have definitely started off with a bang. It feels like activity is up from where it was a year ago today. In an attempt to get a bird's eye view on Maui real estate, this week we analyzed single family home sales in January 2010 and January 2011. Here's what we found when we compared the two:
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January 2010 |
January 2011 |
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Number of homes sold |
48 |
52 |
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Median sales price |
$464,500 |
$495,414 |
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Total sales volume |
$35,713,122 |
$31,160,829 |
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Average days on market |
308 |
134 |
The above analysis didn't make any of us cry out "eureka." One thing it reinforced though is our belief that the current inventory of homes on Maui is selling significantly faster than last year—in fact over 50% faster. See average days on market compared above. February could be a different story, but we believe the trend will continue in the same direction. Next week we'll share an analysis of condo sales.
Have a great week!
Mahalo Nui Loa,
The Smith Team
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for January 31st, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
801 (323) |
244 (23) |
815 (95) |
-23 |
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Condos |
1246 (233) |
238 (21) |
1157 (164) |
-16 |
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Land |
540 (127) |
31 (9) |
123 (14) |
-13 |
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Total |
2587 (683) |
513 (53) |
2095 (273) |
-52 |
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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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226 Keoawa Street
Kapalua
$1.995M (FS)
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Never ending ocean, island and sunset views. Approximately 5.96 acres with a 2 bedroom 2 bath cottage. Cottage features 10 ft. plus ceilings, 8 ft. doors, granite counters and travertine floors.
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5520 Makena Road #2
Makena
$19.5M (FS)
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Rare and wonderful this jewel on the ocean in Makena has it all. Panoramic views of the Pacific and outer islands together with lush tropical landscaping framing this stunning estate.
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Homes Under $1M
83 Alehela Street
Kahului
$241.2K (FS) |
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3 bedroom 2 bath fixer upper special. Centrally located on a large 9,800 sq. ft. lot. Close to the hospital, schools, shopping centers, and government facilities.
Agent Listing Synopsis
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317 Aulike Street
Lahaina
$359.9K (FS) |
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Bank Owned. Built in 1990, home has four bedrooms, two bathrooms and a 1,324 square foot interior. Home sits on a 4,080 square foot lot that features two mature mango trees that provide welcomed shade in the backyard.
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1094 Po'okelo Road
Makawao
$400K (FS)
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Short Sale. Makawao Ranch Acres 3 bd. 2 ba fabulous views that sits on a large corner lot.
Customer Listing Synopsis
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28 Nia Place
Napili
$525K (FS)
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Bank Owned. Great value for a W. Maui home with pool.
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Vacation Condo Over $1M
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Kapalua Bay Villas 21B4
Kapalua
$1.475M (FS)
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Considered one of the finest building locations with sweeping views of the entire sandy beach of Oneloa Bay, the blue Pacific Ocean, Kapalua coastline and the rich colors reflected from the island of Molokai.
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Vacation Condos Under $1M
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Kihei Bay Surf #137
Kihei
$110.5K (FS)
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Bank Owned. Completely remodeled 2 bd. 2 bath vacation rentable condo unit of 1,100 sq. ft. in Kahana across from the ocean.
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Koa Resort 2J
Kihei
$269K (FS)
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Beautiful 3 bedroom 2 bath unit is resort condo perfect for owner occupant or vacation rental. Koa Resort is a low density complex with only 54 units on 5.6 acres featuring a huge swimming pool.
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Papakea A-309
Honokowai
$449K (FS)
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Rare oceanfront fee simple one bedroom offered for sale. Gorgeous views, 3rd floor, corner end unt with large livingroom window, and located in the quiet end of Papakea.
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Residential Condos
Kanoelani Apts B
Kihei
$165K (FS) |
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Clean starter condo steps from the Cove. Walk to your morning surf/paddleboard/kayak session! New paint, carpet and ceiling fans grace this surprisingly spacious floorplan with private lanai.
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Wailea Palms #2705
Kihei
$679K (FS)
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Wailea Palms 2 bedroom/2 bath B floor plan. Custom central A/C at a cost of $12,000 was recently installed.
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Vacant Land
Makila Plantation Lot 6
Lahaina
$1.395M (FS) |
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16 beautiful acres. An exceptional location with a gentle slope. Unobstructed view parcel which allows for the construction of a home and a cottage. This property can be CPR'd (condominium property regime).
Customer Listing Synopsis
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