Maui real estate June statistics are in. Comparing year over year sales in June 2012 with June 2011 the total number of transactions for both homes and condos is up. Median sales prices are up.
Inventory is down by 17-19% and some buyers are finding it challenging to find the right home for all of their needs. I had
a sale fall through last week because we were in a multiple offer situation and ours was not the offer with the best terms. Looking at year to dates sales from Jan-Jun of 2011 compared with the same period in 2012 Median Sales Prices are up while total
dollar volume, number of units sold, and average sales price are just slightly lower compared to a year ago (-1% – -4%). For the past 12 months July 2011-June 2012, 41% of the residential sales were REO’s & Short-sales while 29.4% of condo sales were
REO’s or short sales.
If homes are priced well they are resulting in multiple offers. Homes that are priced too high are not getting showings
or activity. Property condition is key to differentiating your property along with realistic pricing and flexible terms. If you are looking to buy then hiring a buyer’s agent is essential in this market.
June 2012 Sales Stats
2012 Volume :
86 Homes Sold, 120 Condos Sold
Median Sales Price:
$575,500
Average Days on Market:
Homes 183 Condos 157 Land 186
Year to Date Sales Stats (JAN-JUN 2011 compared with JAN-JUN 2012):
Residential – Sold 3 more units than 2011 (down -1%)
Residential Avg Sales Price – $710,699 (down -3%)
Residential Median Sales Price – $450,000 (up 1%)
Condo – Sold 19 more units than 2011 (up 3%)
Condo Avg Sales Price – $474,562 (down -10%)
Condo Median Sales Price – $350,000 (up 18%)
