Maui County 1st Quarter, 2008 real estate sales results were mixed. Specifically, single family home sales totaled 228 transactions, down -33% vs. 1st Quarter, 2007 reflecting a County-wide activity decline especially in the Central Maui, Kihei and Upcountry areas. Both Average ($909,894) and Median ($602,783) Sale Prices declined vs. the same period last year by -12% and -4% respectively. Total Maui County active listing inventory steadied at 1,169 homes after increasing since last spring/summer.
County- wide 1st Quarter, 2008 Condominium sales showed 276 transactions, down only -1% vs. same period YAG coming off the major declines shown in 2007. Both Average ($939,725) and Median ($587,000) Sale Prices increased vs. 1st Quarter, 2007 by +15% and +6% respectively. Sales transaction declines in virtually all areas of the County were offset by a strong growth in Kihei with active listing inventory showing another monthly increase to 1,569 units.
1st Quarter, 2008 County Land sales declined by -35% vs. same period YAG to 40 transactions. Both Average ($857, 375) and Median ($889,000) Land Sale Prices increased by +16% and +103% respectively. Active listing inventory steadied at 508 lots following the growth shown since last Spring/Summer.
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.
