Maui July 2015 Statistics Brief Maui Statistics Overview:
July's Sales Unit Volume – Residential sales rose significantly to 128 homes sold while Condominium sales declined slightly to 94 units sold. Land sales came in at 13 lots sold.
July's Median SALES prices –The Residential median price declined to $590,000 and the Condo median price rose to $394,000. Land median price decreased to $250,000.
Days on Market, Residential homes = 119, Condos = 124 DOM, Land = 149 DOM. (General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD inventory sells, it will move this indicator upward, and vice versa.
“Year to Date Sales" numbers compare January – July 2015 to January – July 2014. Shorter timeframe (monthly) views do not necessarily reflect the longer timeframe trends. Big percentage changes may be misleading or misunderstood so be careful. Early 2014 monthly numbers were quite strong making early 2015 seem “a bit pale” in comparison.
Anticipate that they will even out as we progress through the year.
YTD - Residential unit sales increased (624 homes sold / +66 units / +12% change YTD), average sold price = $950,724 (0% change YTD), median price = $599,500 (+5% change YTD) and total dollar volume sold = $593,251,624 (+12%YTD).
Note: A previously unreported $40+ million sale in Wailea is now included in YTD. YTD - Condo unit sales decreased (708 units sold / -32 units / -4%YTD), average sold price = $650,189 (+2%YTD), median price = $414,450 (-1%YTD). Total Condo dollar volume sold = $460,333,680 (-2% YTD).