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Aloha Buyers!

Sales activity and median price on Single-Family Homes and Condominiums in Maui County areas. 

Maui Real Estate Report 2nd quarter 2007 hights:   

Single-family home sales increased 26% in the second quarter of 2007 over last year during the same period.

Median prices have increased 2.2% for single-family homes to $659,500 from the first quarter of 2007

Over the last thirty years, median prices have have seen double digit increases year-over-year, in some cases going up as much as 27% 

The Maui market has had dramatic fluctuation in the number of sales and median price partly due to the high percentage of resort properties. A large share of Maui properties is sold as second homes; which makes the Maui market very unique. Looking at the condominium market, 30% of all sales in the second quarter of 2007 were resort sales with the median price of $1,157,492. In contrast, the median price of residential condominiums was $382,065.

Understanding current market trends is essential to making smart real estate decisions. A historical view of the market also offers insight to trends that affect the value of your home and investments.

Median single family home prices in Maui have seen incredible growth going from approximately $100,000 in the late 1970s to $637,837 today. Nearly half of this growth has occurred within the last six years. From 2000 to 2006, during the most recent real estate boom, single family home prices saw double digit increases year-over-year, in some cases going up as much as 27% over a

twelve-month period.

Whether you are thinking of buying, selling or financing real estate,
I'd love to hear from you!