How high is too high?
Ah! The median and the average. Would you believe that I just checked the Maui MLS and the average detached residential single family home asking price on November 25, 2015 was over two million dollars? Don’t get too excited. According to property valuation Brisbane experts, the median sold price for October 2015 was only $585,000. The average sold price was $757,000. And the median list price on November 25, 2015 was only $1,095,000. So apparently there are still a lot of dreamers out there hoping to get more than they will probably get if they really want to sell. The message is that list price doesn’t equal the final sold price. But still, $2,000,000 is a big number.
More of the big numbers. There are 27 homes on Maui that are selling for more than 5 million dollars. There are 59 homes over 3 million dollars. 98 want more than 2 million. And 199 want more than 1 million. That’s out of 386 Listings.
Fee simple condos are similar. Maui has 695 condo listings for this date. The average list price is $939,000. The average sold price in October was $619,000. The median sold price in October was $393,000. I can remember about ten years ago when the average list price went over $1,000,000 for the first time and everyone got excited. We aren’t even back to that number, but surely will be by the end of the tourist season in April. There are 14 Maui condos available for over 4 million dollars and 181 priced over 1 million dollars.
635 Meakanu Lane #306, Wailuku, HI – Here’s your chance to own the most sought-after floorplan in the popular Kehalani Gardens community. This well-maintained bungalow-style townhome is attached on only one side and is nestled in a beautiful interior location that is shaded by a large tree as well as being situated right next to a small park/open space area and picturesque roundabout feature. The 3-bedroom, 2-bathroom single-story home features expansive West Maui mountain views, vaulted ceilings, upgraded tile flooring in both the kitchen & bathrooms, and a fully landscaped yard. There is a prime uncovered parking stall right outside the unit and one covered parking stall close-by with a fully enclosed, lockable storage unit behind. AOAO fees include community landscaping, common area maintenance, basic cable, water, sewer and garbage collection. Association will be installing brand new dual pane windows and sliding door, & also repainting exterior of unit in 2016. Kehalani Gardens is conveniently located in Wailuku town within walking distance of grocery/drug stores, restaurants, medical facilities, schools, government offices and so much more. Offered at $380,000. Contact Kimberly Delmore R(B), Delmore Realty for more information at 808-298-6655 or email@example.com. www.delmore.net
Delmore Realty recently sold 41 Kanawai Street, Wailuku. The Waiolani home in Waikapu went under contract 4 days after hitting the market and was closed 41 days later for over the list price. Thomas G. Delmore PB and Kimberly Delmore R(B) represented the Sellers. www.delmore.net.
Beautiful and well-maintained home in sought-after Maunaleo at Kehalani. Key upgrades include a new 28-panel photovoltaic system installed in 2015, two central air conditioning systems, granite counters, new carpet, freshly painted upstairs bedrooms, bamboo floors, and a recently painted exterior. Ocean views are visible from two upstairs bedrooms and the large fenced back yard. The spacious master suite boasts gorgeous West Maui Mountain views. The outstanding location of this home is minutes from grocery stores, drug stores, medical facilities, government offices and schools. 3 bedrooms/2.5 bathrooms. 1,753 sf on a 9,419 sf lot. Offered at $679,000. Contact Kimberly Delmore R(B) 808-298-6655 or Thomas G. Delmore PB 808-283-2438 at Delmore Realty for more information. www.delmore.net