YTD 2009 (through 9/30/09) Maui single family home sales totaled 450 transactions, down -36% vs. same period last year. Particularly hard hit were the Central Maui and Kihei areas which accounted for the bulk of the total transactional decline. Island-wide single family home average and median sale prices for YTD 2009 through September fell by -18% and -16% respectively to $714,794 and $501,010. Available inventory shrank by almost -10% since the high of 4/09.
Regarding condominiums, YTD 2009 transactions totaled 610 sales, down -9% vs. same period YAG. This figure should be carefully considered as it reflects the addition of many transactions under contract for several years at a large West Maui development. Average ($733,880) and median ($491,250) sale prices declined by -22% and -14% respectively.
YTD Maui land sales saw 75 transactions, down -16% vs. same period YAG. Average Island sale price increased +35% to $1,354,227 with median sale price declining -24% to $530,000. The above figures are greatly influenced by one major sale at Kapalua.
About Mike Gaertner, R(B):
As 30+ year veterans in international and domestic branding, marketing, negotiating and sales and with our extensive Island knowledge, we are uniquely qualified to provide you with the buying and selling strategies, programs and support you deserve. In helping you "Make It Maui," please know that our experience with many of the world's best known and most demanding companies has taught us that your needs are paramount and that we must provide you with extraordinary focus and attention.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
