Maui Real Estate Stats and Research 2015 versus 2016
Posted by Start An Offer on Thursday, March 2nd, 2017 at 8:08pm.
Maui Real Estate Market Comparison 2016 versus 2015 Update.
Here are the latest numbers for 2016 Maui Real Estate market in review versus the year 2015.
Residential Single Family Home sales on Maui, Hawaii were basically flat. Slightly down in terms of overall units sold. Down 1% from 1090 sales in 2015 to 1076 residential sales in 2016. However, the median sales price however rose 10% from $580,000 to $636,000. The total dollar volume in sales for 2016 was up 12% from $932 million to slightly over $1 billion in 2016. The median days on market basically stayed the same at 115 days.
Condominium sales in the Maui real estate market in 2016 versus 2015 were actually up 10% from 1189 units sold in 2015 to 1310 units sold in 2016. The median sales price for condos slightly rose 1% from $410,000 to $415,000. The total dollar volume transacted in Maui condo sales rose 6% from $759 million to $808 million in total sales volume comparison. The median days on market basically stayed the same at 116 days on market in 2015 to 118 in 2016.
The Maui vacant land market was the only market that really saw a major surprising change. The sales were up in terms of transactions rising 4% from 154 transactions in 2015 to 160 transactions in 2016. However the total dollar volume of those transactions was down a whopping 25%! The total sales volume in 2015 was $136 million and in 2016 was only $102 million. The median days on market dropped as well, which is interesting, from 186 days to 119 days on market in 2016. And the median sales price rose 3% from $447,000 to $459,000 in 2016.
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