The September 2013 Maui Real Estate Sales Statistics are available, and the number of transactions are really up from a year ago in key areas.
For example, in Central Maui (Wailuku/Kahului), there were 38 closings of single family homes in September 2013 at a median price of $417,454, compared to only 23 a year earlier with a median price of $330,199 – so there were 65% more transactions than the same month a year ago.. Total dollar volume in Central Maui sold in September a year ago was $8.455 million, and this September, total sales volume more than doubled to over 18.466 million.
For Maui overall, single family homes sales volume in September 2013 ($51.4 million total) is up about 21% compared to September a year ago ($42.3 million).
The Maui median home price for September 2013 is $470,000, which is down from August’s $585k, but up from a year ago’s $425k. There were 85 homes sold all over Maui in September 2013, compared to 81 a month earlier and the same month a year ago.
For Central Maui, things are really booming in condo sales compared to a year ago. September 2013 saw 7 times as many units closed with a total of 21 sold, as compared to a year ago when 3 sold. It even doubled from a month ago, when 10 units sold.
Kihei is also really booming, with 38 units closed in September 2013 compared to only 14 the same month a year ago.
For condos overall, condo sales volume is up 75% from a year earlier, when 67 sold – September 2013 saw 117 units sold. The median condo price on Maui for September 2013 is $350,000, compared to $325,000 a year earlier.
Year-to-date numbers are always great for a broader look. 2013 is indeed shaping up to be stronger than 2012. For the first nine months of 2013, there were 747 single family homes sold on Maui, compared to 670 in the same period a year earlier, up by 11%. Interesting, the average price is also up 11%, and the median price is up 16% to $531,000.
Year-to-date for 2013, Maui condo volume is up by 11% and median sales price YTD is up 7% to $375,000.
To discuss the Maui real estate market further, please contact: Kimberly Delmore R(B), ABR, CRS, Delmore Realty, 808-298-6655, kim@delmore.net, www.delmore.net.