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Maui Real Estate – December 2009 & Year End Statistics

We were all relieved to see the Maui Real Estate Market take an upswing towards the later part of 2009. Things are looking promising as the Canadian dollar strengthens and prices adjust. Below are the December 2009 & 2009 Year End Maui Real Estate Statistics. Wailea and Makena Real Estate continue to lead the state in the luxury real estate market.

  • December 2009 Sales Volume – Residential Sales posted a 17-month high with 90 sales and Condo Sales rose to 80 units. Land sales dropped to 9 lots.
  • December’s Median sales prices – Homes rose to $477,000, Condos remained steady at $401,500. Land declined to $305,000.
  • Days on Market for Residential homes = 154 DOM, Condos = 170 DOM, Land = 111 DOM.

2009 Year to Date

  • Residential unit sales declined (-24%), average sold price = $713,946 (-14%), median price = $498,106 (-14%) and total dollar volume sold = $494,764,887 (-35%).
  • Condo unit sales increased (4%), average sold price = $719,993 (-22%), median price = $450,000 (-18%). Total Condo dollar volume sold = $593,273,850 (-18%).
  • Land (NOTE: Land Lot sales were so few that statistics are not necessarily a reliable factor) lot sales declined (-10%), average sold price = $1,111,387 (+12%), median price = $485,000 (-31%), Total dollar volume = $121,141,185 (+23%).

TOTAL SALES FOR 2009

  • Residential = 693
  • Condo = 824
  • Land = 109

December 7, 2010 – Active/Pending/Contingent status inventory

  • Homes 996
  • Condos 1,495
  • Land 522

Current Absorption Rate base on this month’s inventory divided by Dec. Sales is:
Residential = 11 months, Condo = 18.6 months, Land = 58 months.

View the complete list of year-end sales statistics for Maui

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