The July 2013 Maui Real Estate Sales Statistics revealed that there was a slight breather in the market, but it’s still going strong. The median home price was $475k in July, which was down a lot from June ($599k), but just under the 1 year ago median ($488k).
Inventory went up just the slightest for the first time in at least 12 months. There were 610 homes on the market on August 10th, which is the 3rd lowest # in the prior 12 months, but indeed more than the amount a month ago, so I do find it noteworthy that it has taken a slight upward trend.
For condos, inventory continues to drop and there were 785 condos on the market on Aug 10th, compared to 915 units August 1 year ago. Median price of $370k took a slight dip from June’s $400,000, however, it was up from $332,000 in July 2012.
In looking at the numbers year-to-date for single family homes, 2013 is turning going really strong versus YTD for the same period a year ago. The total number of sales are up 12% (580 units sold), the average price is up 10%, the median price YTD is $536,250, up 16%. The total dollar volume of real estate sold is up 24% to over $460 million.
Year-to-date for condos, total dollar volume sold is up 22%.
To discuss the Maui real estate market further, please contact: Kimberly Delmore R(B), Delmore Realty, email@example.com, direct: 808-298-6655, www.delmore.net.