85 single family home have sold during the month of September with a median sales price of $470,000. During September of 2012, there were 77 sales with a median sales price of $425,000. This is a 10% increase in sales volume and an 11% increase in median when comparing this September to last September.
There were 114 condo sales for the month of September. The median sales price was $350,000. This compares to only 67 sales last year with a median price of $325,000. This is a very impressive 70% increase in sales activity and an 8% increase in median when comparing the two Septembers.
There 15 land sales with a median sales price of $350,000. There were 11 land sales last September with a median price of $238,000. This is a 36% increase in volume and a 47% increase in median price when comparing this September to last September.
Here are a were a few other numbers that are worth mentioning:
The highest priced single family home sale was $1,940,000 for a residential condo in Launiupoko (just south of Lahaina). The Launiupoko subdivision has shown strong home and land sales over the last 18 months.
The highest condo sale was $3,469,600 for a luxury 3 bedroom condo at Honua Kai.
There were eight condo sales over $1.5M as the luxury condo market continues it’s strength. Five of the eight luxury condo closes were at the Honua Kai Resort in West Maui.
There were 11 REO or bank owned sales. REO activity remains low compared to what we were seeing a few years ago.
There were 24 short sales. Short sale closings have remained fairly steady.
Serving all of your Maui Real Estate needs. Please contact Michele Muir White R(S), ABR, SFR, Coldwell Banker Island Properties (808) 298-8448, e-mail: firstname.lastname@example.org