Maui Blog - Georgie Hunter R(S): June 2016

Kula Maui HI real estate sales - summer 2016 market update

Kula Maui Hawaii 96790 - what's for sale right now?

Here's a quick look at the current real estate market in the upcountry region of Kula.

Residential listings in Kula Maui:

  • 64 total Active and Pending listings priced from $515,000 to $4,900,000
  • 47 Active listings includes 3 that are canceling escrow
  • 17 Pending listings priced from $525,000 to $2,600,000 and 3 are short sales
  • none are bank owned REO properties
  • Days on Market (DOM) ranges from 14 to 503, average of 161, median of 122
  • land size ranges from 6,800 sf to 25.47 acres
  • 38 are single homes, 25 have a detached cottage, 1 has an attached ohana
  • 8 are residential condos, meaning they are part of a Condominium Property Regime
  • age: 12 are pre-1960; 9 are built between 1960 - 1980; 18 are built in 2000 or newer

 149 Hoomaikai is listed for $2,845,000 by Island Sotheby's.

149 Hoomaikai is listed for $2,845,000 by Island Sotheby's.  MLS#367037

Residential sales in Kula Maui since January 1, 2016:

  • 27 closed sales priced from $340,000 to $6,550,000
  • average sale price was $1,174,825, median sale price was $840,000
  • DOM varied from 26 to 515 days, average was 184, median was 143
  • land size ranged from 7,157 sf to 23 acres
  • none were short sales or bank owned
  • 22 were single homes, 5 were house and cottage on the same property
  • 3 were residential condos
  • age: 2 were pre-1960; 11 homes were built this century
  • 10 were cash sales, 17 involved bank mortgages

75 Mano Dr. sold for $720,000 on 1/15/2016

75 Mano Dr. sold for $720,000 on 1/15/2016

Vacant land listings in Kula Maui:

  • 35 total Active and Pending listings priced between $220,000 and $8,850,000
  • 28 Active land listings, none are REO or short sale
  • 7 Pending land listings priced from $220,000 to $795,000
  • DOM varies from 5 to 2187, average is 306, median is 208
  • lot size: 8 are 1/4-1/5 acre; 16 are 1-10 acres; 6 are 10-24 acres; 2 are 50 acres; 2 parcels come with hundreds of acres!

Vacant land sales in Kula Maui since January 1, 2016:

  • 7 closed transactions so far this year from $385,000 to $1,825,000
  • average sale price was $737,000, median sale price was $670,000
  • land size: 3 were 1 acre or less; 3 were 5-7 acres; 1 was 24 acres
  • only 1 sold for full price and the rest were sold for less
  • only 1 used conventional financing, cash or seller financing prevailed

Search the Maui MLS for Kula homes and land for sale

 

Thanks for reading my Maui blog...

Georgie Hunter R(S) e-Pro, Hawai'i Life Real Estate Brokers
127 Hana Hwy. #G, Paia HI 96779
E-mail or call/text: 808 283-0635

 

 

Comment balloon 1 commentGeorgie Hunter R(S) 58089 • June 26 2016 07:10PM
Kula Maui HI real estate sales - summer 2016 market update
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