Maui Sales Statistics: May, 2009

The Realtor's Association of Maui has posted its May 2009 statistics. While activity has been slow overall for year to date over last year, it does seem like there has been an increase in activity in the Kapalua Resort, with five new escrows.

The activity focused largely at the Golf Villas, which reflects the lower price range of the Kapalua Resort Market. A 1-bedroom listed at $599,000 is now pending, as are two 2-bedroom listings at $600,000 and $650,000. The lowest priced oceanfront one bedroom at the Bay Villas, at a list price of $1,100,000, is also pending sale.

The Ritz-Carlton Club and Residences celebrated it's opening at the end of May, and we have seen more visitors and guests each day. Since the property opened, Residence1403, has also been placed under contract.