Knowledge Is Power....
Click on this link to preview 2010 sales to date for Wailea, Kaanpali and Kapalua residential homes over $1,000,000.
Why do so many millionaires pay cash for a second home on Maui? They have confidence in the Maui market and so should you!
Maui County As a Whole----Year to Date:
Residential unit sales rose (+23%), average sold price = $758,398 (+6%), median price = $460,000 (-8%) and total dollar volume sold = $564,247,922 (+31%).
Condo unit sales increased (42%), average sold price = $651,062 (-8%), median price = $380,000 (-18%). Total Condo dollar volume sold = $686,870,761 (+30%).
Land - NOTE: Land Lot sales are such a small sampling that statistics in this property class are not necessarily reliable indicators. Land lot sales increased (+12%), average sold price = $498,347 (-57%), median price = $405,500 (-19%), Total dollar volume = $55,814,854 (-52%).
Also, total sales for immediately past 12 months: Residential = 829, Condo = 1,136, Land = 123.
It may be a bad real estate market where you are, but it is not bad everywhere in the U.S. Sales data and multi-millionaires support the recovering Maui market. If you've been wanting a Maui home, now is the time as great opportunities are disappearing everyday.
