For those of you that like numbers, take a look at the Volume of Sales on Maui over the past Decade separated by condo, homes, and land.
As you can see from the chart above, Maui Real Estate continues its strong showing. Both Median and Average Sales Prices of Condos and Residential Homes increased. Land prices looked to take a dive but keep in mind that with such a small sampling of transactions, this number can be misleading.
If you have any questions or would like for me to pull any other statistics, please let me know. I am happy to assist.
How did the Real Estate Market preform in 2016? Take a look at the graphs below to see the average sales price and total volume for Maui County Real Estate Sales since the year 2000.
As you can see from the graph above, the total sales volume for SF Residential Homes took a significant jump. In fact the sales volume for SF Residential has more than doubled since it hit its most recent low in 2009. Condos sales volume remained consistent with a steady climb since once again in 2016.
As you can see from the graph above, residential single family home average sales prices took a significant jump in 2016. Keep in mind that Maui is a relatively small county so a few very large sales can inflate our averages. Nonetheless, SF Homes prices are trending upwards indicating the market remains strong. Maui Condos average sales price also remained consistent.
Of course these numbers just scratch the surface of Maui’s Real Estate Trends. If you want more detailed information or would like to focus on a certain area, let me know. I am always happy to talk about Maui Real Estate.
Below is a quick overview of Maui’s Real Estate Market for 2016 vs 2015 through November. Median sales prices are up for both SF Residential and Condominium Sales with SF Residential making the biggest jump from $582K to $635K in Maui County which is a 9% increase. Median sales price for Condos also Increased on Maui by 1%. Total Dollar Volume is also up for both Residential and Condominiums on Maui. The Real Estate Market remains strong while going into December with sale expected to pick up during the holidays and our winter high season.
Below is a quick overview of Maui’s Real Estate Market for 2016 vs 2015 through October. Median sales prices are up for both SF Residential and Condominium Sales with SF Residential making the biggest jump from $585K to $635K in Maui County. A 9% increase is significant and indicates a strong market. Median sales price for Condos also Increased on Maui by 4%.
Where does Maui’s Real Estate Market stand as a whole? The best way to answer that is to take a look at the statistics. The graph below shows the average sales price per year over the past 15 years. It is important to remember that Maui is a relatively small island and the exceptionally large transactions ($10 Million and Over) can significantly affect our averages.
Lets take a look at the total sales volume in $$$ over the past 15 Years. Not surprisingly, the Average Sales Price and the Total Sales volume will show similar trends. Historically, Average Sales Prices have increased as the Total Sales Volume Increased. Take a look for yourself below.
Have any questions? Do you like numbers and graphs as much as I do? Feel free to contact me directly for more Real Estate Statistics and Data. Either give me a call at (808) 446-5841 or fill out the Contact Jesse Form.
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