Maui Real Estate Blog
Official February Maui Real Estate Statistics
The Realtors Association of Maui (RAM) has posted their official statistics for the month. I noticed them on the home page of their site shortly after I had posted my own “Unofficial Maui Real Estate Statistics” for the month. There isn’t too much discrepancy between my numbers and the official numbers. I have one more home sale and one more land sale in the unofficial stats. I feel pretty confident about my numbers. Perhaps, I tallied my figures after RAM.
In addition to variation in sales volume, there are a few other things worth noting about the official stats. The RAM stats provide monthly sales volume information and median sales price information dating back 5 years. This is nice for context and getting a sense of overall market trends. The official stats also provide sales numbers and median prices on a community level. It is nice to have that type of granularity. That being said, the rather small sample sizes on the community level can make month to month comparisons particularly deceptive. Last but not least, RAM executive Terry Tolman also provides remarks. The one part of Terry’s remarks that I usually hone in on is the volume of inventory. We saw a positive trend through the latter half of 2009 as inventory began to shrink. There was a pretty healthy jump in inventory in January and a more modest jump in inventory in February. This is going to be something to watch over the next few months. Continued increase in inventory will likely slow the time frame for price stabilization. Without further delay, here is a link to the official February 2010 Maui Real Estate Statistics .