72 homes sold in November with a median price of $550,000. By comparison, there were 76 homes sold in November of 2014 with a median price of $587,500. This is a 5% drop in sales volume when comparing this November to last November.
74 condos sold in November of 2015 with a median price of $475,000. Last November, there 68 condos sold with a median sales price of $366,250. That represents almost a 9% increase in sales volume when comparing the two Novembers
9 land parcels sold with a median price of $520,000. In November of 2014, 10 lots sold with a median sales price of $411,500. That is a 10% drop in volume comparing this November to last November.
Notable Numbers from the November Maui Sales Activity
The highest priced home to sell in November was located in the Kaanapali Coffee Farms. This 3,716 square foot home has big ocean views, an infinity pool and sits on over 4.6 acres of land. The home closed for $3,475,000.
This was one of four home sales in Maui County for more than $2M in November.
The highest priced condo to close in November was a 3 bedroom, 3 bathroom Honua Kai condo with 2,170 square feet of living space. It sold $3,197,450.
The Honua Kai sale was one of six condos to close for over $1.5m in November. The other sales included two condos at Honua Kai, a Hoolei, a Ritz Carlton Residences and a Makena Surf.
The highest priced land transaction last month was for a .43 acre parcel in the Maluaka Estates neighborhood of the Makena Golf & Beach Club. The lot sold for $9m. Six of the ten lots in Maluaka Estates have now sold.
There were 16 bank owned sales and 1 short sale that closed in November. In November of 2014, there were 12 bank owned sales and 4 short sales.Wrapping it up
Looking forward to your contacting Michele Muir White R(S), ABR, Coldwell Banker Island Properties 808.298.8448, michelewhitehawaii.rr.com if you are planning on purchasing or selling real estate on Maui. She always welcomes the opportunity to discuss your real estate needs with you.