November 2013 Sales Statistics - Source: Realtors Association Maui
Residential sales declined to 74 homes sold while Condominium sales declined slightly to 96 units sold. Land sales came in at 22 lots sold.
The Residential home median price declined slightly to$522,500 while the Condo median price was $350,000. Land median price came in at $538,686.
Days on Market, Residential homes = 112, Condos = 128 DOM, Land = 273 DOM.
Year to Date:
Residential unit sales increased (903 homes sold / +49 units / +6% change YTD), average sold price =$771,028 (+14%YTD), median price = $530,250 (+14%YTD) and total dollar volume sold = $696,238,285(+20%YTD).
Condo unit sales increased (1,218 units / +107 units / +10%YTD), average sold price = $567,827 (+22%YTD),median price = $375,000 (+6%YTD). Total Condo dollar volume sold = $691,613,102 (+34% YTD).
Land lot sales increased (196 lots / +49 units / +33% YTD), average soldprice = $667,203 (+13%), median price = $400,000 (+14%), Total dollar volume = $130,771,747 (+51% YTD).
Total sales for immediate past 12 months: Residential = 987 (with 19.5% being REO or ShortSale), Condo = 1,360 (10.1% REO or SS), Land = 226 (11.5% REO or SS).
Current Absorption Rate base on this month’s Active/Pending-Continue to Show/Contingentstatus inventory divided by November Sales is:
Residential = 7.6 months, Condo = 7.6 months, Land = 17.6 months of inventory.
Residential = 7.6 months, Condo = 7.6 months, Land = 17.6 months of inventory.
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