February 2014

There are 2 blog entries for February 2014.

As 2013 came to a close, it proved to be another marked step in the Maui real estate recovery's cycle. And as metrics across every micro-market reflected a positive trend, it is worth noting that affluent buyers are coming back to the Valley Isle with increased confidence. In 2012, there were 7 sales of Single-Family Residences above $5M, which increased by 57% in 2013 to the 11 sales.

With continued interest on Maui by well-heeled buyers, let us look at the Top 5 sales for residential-use properties on Maui - to include both Single-Family Residences and Condominiums.

1 - 3116 South Kihei Road

Sales Price: $11.9M

Located on one of the most famed beaches in the world, Keawakapu Beach, 3116 S. Kihei Road is one of the most sought-after

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When examining the state of Kapalua real estate in 2013 as it compares to 2012, it's noteworthy that there were fewer sales, at higher average prices and a significantly higher sales volume.

In reviewing the last decade, the number of sales peaked in 2004, while the peak of the market in terms of average sales prices and volume was in 2006/2007.  The question everyone has asked since the peak, is when is the bottom.  In reviewing the data it appears that for Kapalua real estate, it was in 2012.

Highlights:

  • Kapalua Real Estate: 53 sales in the resort, at an average sale price of $1,744,620 with a total sales volume of $92,464,906
  • Kapalua Homes: 12 sales at an average sales price of $3,656,075
  • Kapalua Land: 7 sales at an average sales
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