Market Update: Realtors Association of Maui
Per the October 2013 Statistics released from the Realtors Association of Maui, Inc, the year-to-date prices are rising, with increased showings and sales, multiple offers on "well priced" listings, as hesitant buyers become onlookers. Inventories have declined over the past 24 months in Residential and Condominium markets. The Residential home median price rose to $545,000, while the Condo median price is $360,000 and the Land median price came in at $370,000.
Year-to-date sales compared to January-October 2012, shows 2013 Residential unit sales increased (829 homes sold/+60 units/+8% change YTD), average sold price equals $772,365 (+12% YTD), median price equals $532,500 (+15% YTD). Maui Condominium unit sales also increased to (1,120 units/+109 units/+11% YTD), average sold price equals $544,215 (+20% YTD), with the median price being $375,000 (+7% YTD).
