Tag Archives: August 2013 Maui Real Estate Prices

August 2013 Maui Real Estate Sales Statistics

The August 2013 Maui Real Estate Sales Statistics are out and prices continue to rise. The median home price on Maui for August was $585,000. For condos, the median was $420,000.

Low, low inventory is the continuing story. While July 2013 inventory for homes took a slight turn up, it appears to have been just a blip. Inventory is way low. As of September 9, 2013, there were 582 homes active or under contract, the lowest in at least 12 months. In September a year earlier, there were 661 homes by comparison active/pending.

As for condo inventory, it’s also the lowest # active/pending in at least 12 months. As of 9/9/13, there were 756 condos active or pending on Maui, compared to 917 at the same month a year ago.

With such low, low inventory and climbing prices, many Sellers are getting very aggressive on their asking prices. It’s continuing to be very challenging as a buyer to get a deal to work, unless you happen to be a buyer with all cash! You will continue to face competition from many other buyers and sellers who insist on a price higher than recent comps in their neighborhood.

We need more listings so contact us if you wish to speak about listing your property. If you are a buyer, we can help you through the battle of a finding a property in this market. Contact me: Kimberly Delmore R(B), www.delmore.net, 808-298-6655 direct, kim@delmore.net.

 

 

 

 

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