OVERALL MAUI REAL ESTATE RESULTS FOR 2007

January 7th, 2008

In 2007 Maui's real estate market had decidedly mixed results. According to the Realtor's Association of Maui (unscrubbed numbers), unit sales of single family homes increased 5% over 2006. The median sale price for those homes fell 9% year over year. The upcountry area and Hana were down more than that median while the major resort areas performed better.5% fewer condominiums sold island wide but the median sale price increased 6% in 2007. Ka'anapali and Maalaea were down considerably while Kapalua performed better than the median. Inventory for sale of all property classes has increased all across the island and average days on market has been extended by sixty days over 2006 levels.

 

Check back in coming days for scrubbed numbers on a neighborhood by neighborhood basis.