Maui sales of condos strongest in 5 years
LINK TO FULL ARTICLE
March 16, 2013
By LEE IMADA, The Maui News
Condominium sales on Maui hit a five-year high for February, reflecting a generally brightening real estate market, according to a report by the Realtors Association of Maui.
A total of 100 condos were sold last month, compared to 62 in January and 83 the same month last year, the report out this week showed. This year’s February sales are the best for the month in the last five years, topping the 98 sales in 2011.
The median price, with half the prices higher and half lower, rose 27 percent year over year in February to $364,950 and was 25 percent higher than January’s $292,000. That price was still lower than the five-year high of $692,500 in 2009.
For condos, Kihei led the way with 35 sales, 10 more than in January and one less than last February. The median sales price was $340,000, a 43 percent increase year over year.
Popular South Kihei Condo Development: Kamaole Sands
WHAT ABOUT SHORT SALES AND REOS?????
Real estate owned and short sale properties are a smaller share of the market, compared to a year ago. In the past year, REOs represented 31.8 percent of residential sales, down from 43.4 percent in last year’s February report, and 18.9 percent of condo sales, down from 33.5 percent last year
HOW DO I FIND THE RIGHT CONDO FOR MY NEEDS???
With lots of different options to choose from in the Maui Condo Market the advice of an experinced realtor is essential when trying to find the perfect condo to fit your personal needs.
South Maui offers lots of choices: Vaction Rental and Non Vacation Rental, Oceanview, Ocean -front, Golf course, New development, original wailea developments, Townhomes, mixed use live/work, fee simple vs leasehold and price points ranging from under $200k to $11Million…in short there is something for everyone…So start your search with someone who knows all the inventory.
For more information on CONDOS FOR SALE ON MAUI contact:Meghan Clair Realtor (s), EcoBroker with Coldwell Banker Island Properties Shops at Wailea