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Maui August 2017 Housing Stats
Maui Real Estate Stats August 2017
September 14, 2017
      

August 2017 Maui Real Estate Stats

As noted by the Real Estate Association of Maui, August tends to mark the waning of housing activity ahead of the school year. Not all buyers and sellers have children, but there are enough parents that do not want to uproot their children during the school year to historically create a natural market cool down before any actual temperature change. Competition is expected to remain fierce for available listings. Savvy sellers and buyers know that deals can be made well into the school months, as household formations take on many shapes and sizes.

New Listings decreased 2.8 percent for Single Family homes and 1.9% for Condominium homes. Pending Sales increased 19.1% for Single Family homes and 29.2% t for Condominium homes.

Inventory decreased 9.9% for Single Family homes and 21.9 percent for Condominium homes.

Median Sales Price increased 4.2% to $700,000 for Single Family homes but decreased 4.8 percent to $400,000 for Condominium homes.

Days on Market decreased 5.8% for Single Family homes and 26.7% for Condominium homes. Months Supply of Inventory decreased
19.7% for Single Family homes and 29.9 percent for Condominium homes.

The prevailing trends lasted through summer. This was expected, since there have not been any major changes in the economy that would affect
housing. Factors such as wage growth, unemployment and mortgage rates have all been stable. Every locality has its unique challenges, but the whole
of residential real estate is in good shape. Recent manufacturing data is showing demand for housing construction materials and supplies, which
may help lift the ongoing low inventory situation in 2018.  

I am wondering what the affects of the recent hurricanes in the  Gulf Coast, Florida and the Caribbean will have on Maui's Real Estate Market.

For an indepth look at Maui's real estate market, contact Michele Muir White R(S), 71240, ABR, SFR, Coldwell Banker Island Properties, Wailea 808.298.8448, MicheleWhite@hawaii.rr.com

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Maui May 2017 Real Estate Stats
Real Estate Stats Maui - May 2017
June 20, 2017
      

May 2017 Maui Real Estate Stats Home prices across the U.S. are reaching all-time highs, prompting worry over another boom-and-bust scenario like we experienced roughly ten years ago. Yet, as we glance across the state of residential real estate, what is clear compared to the last extended run of price increases is that lending standards are now much stronger than they were before. Incomes must be verified, a reasonable amount of money must be paid toward the home prior to purchase and a more stringent loan approval process is in place to prevent a repeat performance of the Great Recession. New Listings increased 3.2 percent for Single Family homes and 16.2 percent for Condominium homes. Pending Sales increased 16.3 percent for Single Family homes and 33.3 percent for Condominium homes. Inventory decreased 12.1 percent for Single Family homes and 21.5 percent for Condominium homes. Median Sales Price increased 12.4 percent to $700,000 for Single Family homes and 13.5 percent to $479,000 for Condominium homes. Days on Market decreased 20.5 percent for Single Family homes and 5.8 percent for Condominium homes. Months Supply of Inventory decreased 13.6 percent for Single Family homes and 29.3 percent for Condominium homes. In addition to a stronger base upon which to conduct real estate transactions, the overall economy is in better shape than it was a decade ago. More jobs are available, unemployment is relatively low and workers have more faith in their wages and the potential for wage increases. Although we continue to battle an inventory shortage in much of the country, optimism remains high for a successful summer for buying and selling homes. Quick Facts + 5.2% + 9.3% - 17.7% Year-Over-Year Change in Closed Sales All Properties Year-Over-Year Change in Median Sales Price All Properties Year-Over-Year Change in Homes for Sale All Properties This is a research tool provided by the REALTORS® Association of Maui, Inc. Percent changes are calculated using rounded figures. Single Family Market Overview 2 Condominium Market Overview 3 New Listings 4 Pending Sales 5 Closed Sales 6 Days on Market Until Sale 7 Median Sales Price 8 Average Sales Price 9 Percent of List Price Received 10 Housing Affordability Index 11 Inventory of Homes for Sale 12 Months Supply of Inventory 13 All Properties Combined 14 Current as of June 5, 2017. All data from the REALTORS® Association of Maui, Inc. Report © 2017 ShowingTime.

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Wailea Luxury Condo for Sale
Stunning Wailea Luxury Condo with Panoramic Ocean Views
December 01, 2016
      

STUNNING OCEAN VIEWS FROM EXQUISITE WAILEA FAIRWAY VILLA  LUXURY CONDO (E201)

          Stunning unobstructed OCEAN Views greet you immediately as you enter Wailea Fairway Villas E-201. 180 degree Ocean views span from Kaho’olawe to West Maui mountains to Maalaea Bay. Master bedroom has ocean views & guest bedroom has Haleakala views. Prime top floor, front row, corner end unit. E-201 has all brand new low-e windows, including lanai door, which helps keep the unit cool. Corner units have three extra windows.

          Imagine living in this tranquil tropical setting overlooking ocean and Wailea's Blue Golf Course.  This exquisite condo has been highly upgraded and newly remodeled. Master bath has luxury walk-in shower, granite counters and custom cabinetry. Gourmet kitchen is fully equipped with Wolf stovetop/oven and Bosch dishwasher. Upgraded granite counters, backsplash, sink and custom recessed LED lighting. Split AC system. Beautiful travertine flooring custom baseboards throughout and new custom carpeting. Pride of ownership shines everywhere you look in this beautiful home. Your new Maui home is perfectly located in the preferred "E" building, close to pool/spa for convenience, but not so close so you can have some privacy and quiet. Amenities include fitness facility, owners' pavilion and BBQ/kitchen area. Walking distance to Wailea's favorite beaches. Nearby world class golf, fine dining and shopping.

          $715k  MLS 371341

        Arrange for your private showing by contacting Michele Muir White R(S) 71240, ABR, Coldwell Banker Island Properties Wailea

        808.298.8448 and email:  MicheleWhite@hawaii.rr.com














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September 2016 Maui Real Estate Stats
Maui Real Estate Stats Sept 2016
October 18, 2016
      

  • MAUI CONDO & HOME SALES ARE DOWN IN SEPTEMBER

Maui home sales were down in September from both month before and year before with a total of 82 homes sold for a median price of $667,500, according to the Realtors Association of Maui. This is 14 units less than what was sold in the previous month, and 15 units less than the 97 units that were sold in September 2015. The median price of homes sold was down $4,563 from August, and up $94,200 from the same time last year. Central Maui saw the most homes sold, where 20 homes sold for a median price of $572,438, then followed by Kīhei where 13 homes sold for a median of $620,000.

There was a sharp decline in condo sales from month before levels with 98 units sold in September, this is 26 units  less than he previous month, and 12 less than the same time last year. The median price for a condo in September was $377,000, down from the August median of $420,000, and also down from the $399,500 price tag at the same time last year. The most condos sold in September was in Kihei where 43 condos sold for a median price of $340,000, then followed by Napili/Kahana/Honokowai where 19 condos sold for a median of $403,000.

For an indepth analysis of Maui's current Real Estate Market, contact your local Maui real estate expert, Michele Muir White R(S), ABR, Coldwell Banker Island Properties Wailea, 808.298.8448, MicheleWhite@Hawaii.rr.com.  A hui hou!

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July Maui Real Estate Stats
Maui Real Estate Stats July 2016
August 10, 2016
      

July Maui Condo Prices are Up - Condo Sales are Up. http://www.bizjournals.com/pacific/news/2016/08/11/maui-sees-increase-in-condos-sold-median-sales.html

Look forward to assisting you with your Maui home purchase or sale.  Michele Muir White R(S), ABR Coldwell Banker Island Properties Wailea 808.298.8448.  Email: MicheleWhite@hawaii.rr.com

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