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The Coconut Chronicles

The MauiRealEstate.com Newsletter

Volume 14 » page 3...

Maui Real Estate Update December 2005

As Realtors, we are frequently asked about the direction of the Real Estate Market. While we wish we could provide definitive answers, any guesses we would make would be a disservice to our customers. We can however, provide information on the recent performance of the market. Below are tables with recent sales statistics on Maui. I have included a link this month to the year end sales statistics for Maui. It is clear that the market saw some significant increases this year. The first half of the year was particularly hot with the largest gains in the market between January and August. The second half of the year saw continued appreciation albeit at a slower pace. It is difficult to discern whether or not this slow down was a reflection of the overall state of the market or a seasonal slow down with off island visitation at its lowest point during the fall months. It is noteworthy that real estate market in the fall of 2004 was considerably slower than other times of the year also. As we enter 2006, it is clear that there has been an increase in inventory, which is good for buyer selection; however, it is difficult to predict the future direction of the market. Stay tuned to the Coconut Chronicles for additional real estate statistics throughout 2006.

For a complete overview of this year's statistics, check out this PDF with comprehensive Maui 2005 Real Estate Statistics.

Decmeber 2005		Days on Market	Median Price
Total New Listings	149
Homes Sold	80	103	$725,000
Condos Sold	138	117	$425,000
Vacant Land Sold	26	580	$507,000

December 2004		Days on Market	Median Price
Homes Sold	110	118	$595,500
Condos Sold	105	98	$355,000
Vacant Land Sold	24	139	$436,000

December 2005		Days on Market	Median Price
Total New Listings	149
Homes Sold	78	101	$767,000
Condos Sold	131	85	$449,000
Vacant Land Sold	49	278	$405,000

December 2004		Days on Market	Median Price
Homes Sold	108	123	$525,000
Condos Sold	147	97	$385,500
Vacant Land Sold	42	180	$333,000

October 2005		Days on Market	Median Price
Total New Listings	175
Homes Sold	83	113	$695,750
Condos Sold	117	98	$445,600
Vacant Land Sold	40	489	$405,000

October 2004		Days on Market	Median Price
Homes Sold	125	120	$580,000
Condos Sold	124	96	$367,500
Vacant Land Sold	34	113	$312,500

September 2005		Days on Market	Median Price
Total New Listings	195
Homes Sold	108	113	$689,750
Condos Sold	137	98	$425,600
Vacant Land Sold	60	489	$405,000

September 2004		Days on Market	Median Price
Homes Sold	103	101	$596,000
Condos Sold	141	85	$330,000
Vacant Land Sold	38	184	$687,500

August 2005		Days on Market	Median Price
Total New Listings	202
Homes Sold	112	105	$693,000
Condos Sold	175	115	$365,000
Vacant Land Sold	27	169	$660,000
August 2004		Days on Market	Median Price
Homes Sold	76	95	$542,500
Condos Sold	153	87	$339,000
Vacant Land Sold	25	325	$490,000

July 2005		Days on Market	Median Price
Total New Listings	136
Homes Sold	113	116	$679,000
Condos Sold	213	108	$380,000
Vacant Land Sold	32	207	$603,479

July 2004		Days on Market	Median Price
Homes Sold	112	105	$567,000
Condos Sold	165	95	$278,850
Vacant Land Sold	32	116	$452,500

June 2005		Days on Market	Median Price
Total New Listings	137
Homes Sold	139	119	$735,000
Condos Sold	171	113	$405,000
Vacant Land Sold	35	224	$673,216
June 2004		Days on Market	Median Price
Homes Sold	88	106	$516,000
Condos Sold	205	80	$295,000
Vacant Land Sold	33	175	$600,000

May 2005		Days on Market	Median Price
Total New Listings	152
Homes Sold	110	132	$780,000
Condos Sold	155	112	$365,000
Vacant Land Sold	32	181	$793,750
May 2004		Days on Market	Median Price
Homes Sold	84	119	$640,000
Condos Sold	172	86	$276,500
Vacant Land Sold	32	107	$415,750

April 2005		Days on Market	Median Price
Total New Listings	127
Homes Sold	108	108	$695,950
Condos Sold	211	111	$330,000
Vacant Land Sold	26	139	$547,500
April 2004		Days on Market	Median Price
Homes Sold	126	109	$512,500
Condos Sold	215	79	$305,000
Vacant Land Sold	35	183	$580,000

March 2005		Days on Market	Median Price
Total New Listings	136
Homes Sold	116	118	$632,000
Condos Sold	193	83	$310,000
Vacant Land Sold	84	221	$218,750
March 2004		Days on Market	Median Price
Homes Sold	110	124	$499,900
Condos Sold	168	104	$415,269
Vacant Land Sold	36	162	$412,500

February 2005		Days on Market	Median Price
Total New Listings	134
Homes Sold	75	153	$575,000
Condos Sold	143	141	$358,269
Vacant Land Sold	21	179	$550,000
February 2004		Days on Market	Median Price
Homes Sold	87	130	$550,000
Condos Sold	154	95	$267,450
Vacant Land Sold	52	148	$421,500

January 2005		Days on Market	Median Price
Total New Listings	161
Homes Sold	91	129	$612,000
Condos Sold	91	102	$415,000
Vacant Land Sold	27	244	$599,000
Jauary 2004		Days on Market	Median Price
Homes Sold	98	120	$515,000
Condos Sold	159	121	$269,000
Vacant Land Sold	50	143	$350,000

December 2004		Days on Market	Median Price
Total New Listings	140
Homes Sold	100	120	$594,500
Condos Sold	99	97	$350,000
Vacant Land Sold	22	139	$436,000
December 2003		Days on Market	Median Price
Homes Sold	144	113	$515,000
Condos Sold	169	88	$269,000
Vacant Land Sold	39	138	$350,000

December 2004		Days on Market	Median Price
Total New Listings	140
Homes Sold	104	124	$525,000
Condos Sold	138	99	$386,750
Vacant Land Sold	38	172	$323,500

October 2004		Days on Market	Median Price
Total New Listings	140
Homes Sold	100	116	$598,000
Condos Sold	115	96	$365,000
Vacant Land Sold	33	113	$310,000

September 2004		Days on Market	Median Price
Total New Listings	155
Homes Sold	87	103	$600,000
Condos Sold	127	85	$330,000
Vacant Land Sold	28	210	$615,000

August 2004		Days on Market	Median Price
Total New Listings	155
Homes Sold	73	94	$540,000
Condos Sold	143	87.5	$339,000
Vacant Land Sold	21	426	$478,000
August 2003		Days on Market	Median Price
Homes Sold	132	125	$468,000
Condos Sold	185	153	$235,000
Vacant Land Sold	50	141	$340,000

July 2004		Days on Market	Median Price
Total New Listings	167
Homes Sold	99	105	$567,000
Condos Sold	164	97	$281,425
Vacant Land Sold	28	246	$246,000
July 2003		Days on Market	Median Price
Homes Sold	158	146	$406,500
Condos Sold	175	125	$214,000
Vacant Land Sold	38	242	$328,000

June 2004		Days on Market	Median Price
Total New Listings	193
Homes Sold	106	146	$600,000
Condos Sold	201	78	$295,000
Vacant Land Sold	33	175	$600,000
June 2003		Days on Market	Median Price
Homes Sold	128	106	$395,000
Condos Sold	165	122	$243,000
Vacant Land Sold	56	190	$350,000

May 2004		Days on Market	Median Price
Total New Listings	140
Homes Sold	90	113	$625,500
Condos Sold	172	113	$276,500
Vacant Land Sold	35	114	$355,000
May 2003		Days on Market	Median Price
Homes Sold	144	167	$372,500
Condos Sold	157	119	$222,500
Vacant Land Sold	28	125	$316,450

April 2004		Days on Market	Median Price
Total New Listings	153
Homes Sold	126	109	$512,500
Condos Sold	215	79	$305,000
Vacant Land Sold	35	183	$580,000
April 2003		Days on Market	Median Price
Homes Sold	91	158	$436,739
Condos Sold	157	103	$250,000
Vacant Land Sold	37	145	$285,000

March 2004		Days on Market	Median Price
Total New Listings	143
Homes Sold	110	124	$499,900
Condos Sold	193	83	$310,000
Vacant Land Sold	84	221	$218,750
March 2003		Days on Market	Median Price
Homes Sold	87	120	$442,900
Condos Sold	166	165	$199,750
Vacant Land Sold	36	165	$284,750

February 2004		Days on Market	Median Price
Total New Listings	116
Homes Sold	87	130	$550,000
Condos Sold	154	95	$267,450
Vacant Land Sold	52	148	$421,500
February 2003		Days on Market	Median Price
Homes Sold	73	122	$400,000
Condos Sold	143	119	$260,000
Vacant Land Sold	22	219	$298,500

January 2004		Days on Market	Median Price
Total New Listings	152
Homes Sold	98	120	$520,000
Condos Sold	159	121	$275,000
Vacant Land Sold	50	143	$454,500
January 2003		Days on Market	Median Price
Homes Sold	96	117	$379,500
Condos Sold	134	116	$239,810
Vacant Land Sold	38	191	$292,500

Thank you again for taking the time to read the Coconut Chronicles. As always, feedback and questions are most appreciated.

If you know anyone else who might enjoy these articles, please feel free to forward a link to this page.

Warmest Alohas,
Pete and Billy Jalbert
The MauiRealEstate.com Team