Sales of homes on Maui are really moving. The May 2013 Maui Real Estate Sales Statistics have been released and it shows that median single family home sales prices are up by 41% in May 2013 ($540,000) compared to May 2012 ($382,000). Not only are the sales up in price, but also volume. There were 105 homes sold in May 2013, a six-year high, compared to 65 homes sold in May a year earlier.
Inventory continues to shrink as it has been throughout the past year. There were 603 homes in active/pending-continue to show/contingent status as of the date of the report, compared to 728 homes of the same category in the same month a year ago.
With interest rates remaining low, it’s still a good time to buy, but it is competitive with multiple offer situations.
Contact us to discuss your interest in selling or buying in the Maui Market. Delmore Realty www.delmore.net 808-242-1467.
Kimberly Delmore R(B), ABR, CRS, firstname.lastname@example.org, 808-298-6655 direct