Maui 2007 Year-End Sales Statistics

According to the REALTORS Association of Maui, home sales on Maui were up slightly by 5% this year (1/1-12/31/07) compared to the sale time last year. The median price of a residential home declined by 9% to $630,069. In Kihei, the number of sales declined 13% and the median price of a home decreased slightly by 4% to $729,850. In Wailea/Makena, the number of sales was up by 13% and the median price of a home only decreased 2% to $2,028,500.

Condos sales experienced a 5% dropped in 2007 compared to 2006, but the median price was up slightly by 6% to $550,000. Areas that showed the strongest growth were Kihei and Kapalua. The number of sales in Kihei jumped 21% and the median sales price jumped 8% to $427,000. Sales in Kapalua increased 17% and showed a 14% jump in the median sales price to $1,256,500. In Wailea/Makena, the number of sales increased 15% and the median price only declined slightly by 3% to $1,328,775.

Now is a great time to buy! Buyers have lots of options now as inventory of condos and homes has grown, and interest rates remain relatively low.

For your Maui real estate needs, contact Lisa B. Miller at Lisa@DreamMauiHomes.com or 808-214-8633.