Monthly Archives: August 2015

Maui News article: Home sales hot in Maui County

http://mauinews.com/page/content.detail/id/600945/Home-sales-hot-in-Maui-County.html?nav=10

July results are best since the Great Recession

August 12, 2015
By LEE IMADA – Managing Editor (leeimada@mauinews.com) , The Maui News

The 128 single-family home sales in Maui County in July was the highest monthly total since the 131 sales in March of 2007 in the days before the Great Recession, Realtors Association of Maui data show.

There were 28 more home sales in July than the same month in 2014 and 27 more sales than in June, the report released Friday said.

Central Maui, the perennial top selling district, logged 51 sales in July, 20 more than in 2014. Median prices also grew 16.8 percent in July over 2014 to $525,000. (The median house price is the midway price of all the houses/units sold.) The next highest selling districts with 15 sales each were Kihei with ($525,000 median price) and Kula/Ulupalakua/Kanaio ($630,000 median price).

In the luxury areas, there were five sales in Wailea/Makena in July with a median price of $3.8 million; two sales in Kaanapali, both for $3 million; and one sale in Kapalua for nearly $2 million.

The median price for a home in July rose 3.5 percent to $590,000 year over year. Month over month, however, the price actually fell 9 percent. Median prices for homes have fluctuated in 2015, ranging from $558,625 in February to $650,000 in June.

Condo sales volume for July rose 13.3 percent to 94 sales. The median price was $394,000, an increase of 5 percent from July 2014.

Kihei again dominated the sales market with 38 condos sold in July, up 58 percent from 2014. The district’s median price was $333,000, up 12.9 percent from July 2014.

Napili/Kahana/Honokowai followed with 23 units sold in July, more than double the units sold last July (11 units) and nearly double the units sold in June (12 units). The median price in July was $411,000, which was 6.5 percent lower than a year earlier, but 46 percent higher than the previous month.

Central Maui logged 11 condo units sold in July with a median price of $313,000, which was 51 percent higher than 2014.

For the first seven months of the year, 624 homes were sold, 66 more than the same period last year, with median prices up 5 percent to $599,500.

Condo sales declined 32 units to 708 units sold in the January-to-July period, compared to 2014. Median prices were about the same, off 1 percent, to $414,450.

The current absorption rate (active/pending-continue to show/contingent status inventory divided by July sales) is five months for homes, 9.9 months for condos and 27.8 months for land.

* Lee Imada can be reached at leeimada@mauinews.com.

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Just Sold! 1687 Kalawi Pl, Wailuku

New Homeowners of 1687 Kalawi Pl

New Homeowners of 1687 Kalawi Pl

Congratulations to the new happy homeowners of 1687 Kalawi Pl in Wailuku. Kimberly Delmore R(B) assisted the buyers in their purchase. The first-time home buyers got a conventional loan through American Savings Bank. Their loan officer Eric Miyajima did a great job helping them and the transaction went very smoothly. They got a great home in walking distance to Iao School, the Wailuku Public library, county offices and Ichiban restaurant. The home sold for $480,000. Congratulations to Ehukai and Kristina! I love helping first-time home owners.

Call Kimberly Delmore R(B) for help with your purchase at 808-298-6655 or email kim@delmore.net

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Recent Central Maui Sales by Jeannie Kitagawa R(S) 167 Molehulehu, 885 Haunani

Congratulations to Jeannie Kitagawa R(S) of Delmore Realty who recently sold two great central Maui homes. In the Legends at Maui Lani, Jeannie Kitagawa was the listing agent for 167 Molehulehu, which closed in May 2015 at $515,000.

Jeannie was also the listing agent of 885 Haunani Street, in Waiehu Heights, Wailuku, which sold in June 2015 for $475,000.

167 Molehulehu

167 Molehulehu

For help selling your home, please call Jeannie Kitagawa R(S) of Delmore Realty at 808-205-8145 or email her at jeanniek@hawaii.rr.com.

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Recently Sold! 1 W. Makahakaha, Waikapu Gardens

Kimberly Delmore R(B) recently represented the buyers in the purchase of 1 W. Makahakaha, Wailuku in the Waikapu Gardens subdivision. The 3 bedroom, 2 bath single level home sits on one of the larger lots in the neighborhood. It’s a great location just across the street from the neighborhood park, and with immediate neighbors only one side due to how it is situated. It was a competitive situation to purchase the home with multiple offers. The home was attractive because it offered photovoltaic solar electric system for low electric bills, a central a/c system, sprinkler system, fully fenced, large covered patio and yard. The home sold for $560,000.

The escrow was really fast for a conventional loan purchase – it closed in 21 days from start to close of escrow. The loan officer, Brady Spangler of Axia Home Loans played a huge role in getting this super fast escrow through. Brady Spangler really outshone the competition on his ability to communicate, be true to what he said, and get the loan through quickly with no problems. This can really be a rarity and really made my job as a real estate agent much easier.

For help with your next purchase or sale, call Kimberly Delmore R(B) at 808-298-6655 or email kim@delmore.net. www.delmore.net.

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