Sales figures through June 2008 were released by the Realtor Association of Maui. It's no surprise that when compared to the first six months of last year that sales are down. For residential unit sales are down 27% and dollar sales 33%. For condos unit sales are down 18% but dollar volume is up 4%. Land sales are just not happening. Both unit and dollar volume are down around 50%. Medium prices are more encouraging with residential down 9% and condo up by 10%. The medium price for land also increased 26% when compared to a year ago but with only 11 sales this June it doesn't mean much.
How is the high end doing? When combined, unit sales of residential units and condos, that sold for over 2 million dollars, are up 27%. This is a clear indication that people with means still love Maui.
What's not to like? Maui is the best.
Approximate Location Boundaries: Island of Maui Hawaii
Location Characteristics: One of the top tourist islands in the world. Maui draws over two million tourists a year. It is the favorite Hawaii destination of most tourists. The Hawaiian Islands are the most remote in the world.
