April 2013 Maui Real Estate Sales Statistics

The April 2013 Maui Real Estate Sales Statistics were released recently. The market appears steady and strong.  A median Maui home price is $500,000, and a median condo price is $370,000.

The home prices are up from the same month a year earlier, when the median was $469,000, and just a bit less than $509,500 of the prior month. Volume is pretty stead, with 77 homes sold in April, compared to 80 the prior month and 79 the same month a year earlier.

Condo volume is up significantly, with 143 units having sold in April, compared to 101 in the month earlier (and compared to 129 the same month a year prior).

Super low inventory continues. As of May 15, 2013, there were 623 homes Active/Pending-Continue to Show or Contingent, which is the lowest level it has been in the preceding 12 month period (there were 749 homes as of May 2012). As for condos, it’s also at the lowest level in the preceding 12 month period, with 860 units in Active/Pending – CTS/Contingent Status (compared to 1,066 in the same month a year earlier). The report states that inventories have declined 16-19% over the past 12 months in Residential & Condo classes. Thus, the competitive market continues as interest rates are still very low.

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About Kimberly Delmore

Kimberly Delmore Realtor-Broker was born and raised in Hawaii, growing up on the island of Maui. She has been a licensed real estate agent in Hawaii since 2002. She graduated from Baldwin High School in Wailuku and the University of San Francisco with a B.A. in Communication. She lived in California for eight years during and after her years at USF. She has also lived in and sold real estate on Oahu and in Hong Kong. She holds the Certifed Residential Specialist (CRS) designation and the Accredited Buyer's Representative (ABR) designation. She is an avid runner and swimmer. She enjoys spending time with her husband and 2 children. Her father, Tom, is the owner/principal broker of Delmore Realty.