Maui Blog - Georgie Hunter R(S): Haiku Maui HI - what just sold in August 2010 - market update

Haiku Maui HI - what just sold in August 2010 - market update

Haiku Maui HI - what just sold in August 2010 - market update

There were 6 residential sales in Haiku Maui HI for August, ranging from $340,000 - $1,350,000.  Total sales volume was $4,261,300.  That's a lot of cash outlay, especially when you consider that 3 of these were ALL CASH buyers.

Haiku Maui HI fixer upper sold

Here's a brief synopsis of the sold homes in Haiku Maui, from low price to high price:

 

  • 420 Kekoanui Pl. SOLD for $340,000.  1 acre of all usable land with a complete fixer upper and a tear down old home too.  Mature fruit trees, ocean view, corner lot on a country road.  I really liked this one and thought it would sell quickly, which it did... less than 2 months on market. (pictured)
  • 80-88 Hohani Pl. SOLD for $656,000.  Bank owned house and cottage on 2 acres in a country subdivision.  Again this was a really quick sale of only 39 days!
  • 55B Palulu Way SOLD for $625,000.  A residential condo single family home on 1 peaceful acre tucked away from it all.  It took 259 days to sell this time, but was on and off the market plenty.  Residential condos are a little harder to sell because many times buyers don't want to be bound to their neighbor in any way.
  • 2120 Lilikoi Rd. SOLD for $765,000.  2.8 acres with an adorable 3BD/2BA home and room to build a cottage.  Lots of fruit trees and ocean views.  335 DOM.
  • 249 Kaokoa Way SOLD for $525,300.  It was a short sale and overpriced to begin with and that's probably why it took 407 days to sell.  2 acres with a home that needed a lot of updating.  Nice quiet spot though with some big mature palms and fruit trees.
  • 111 Door of Faith Rd. SOLD for $1,350,000. Cash buyer.  Another short sale taking 399 days to close.  Sold for about $1M less than original asking price!  Beautiful custom home sitting on over 7 acres with ocean views.  Watch a Door of Faith Rd video.
Georgina M. Hunter Maui Realtor

What does this tell you about the Haiku Maui real estate market today?  
  1. Homes that enter the market with a realistic price will sell quickly, even these days.  
  2. There's a lot of cash buyers out there just waiting to scoop a good deal on Maui.  
  3. Half of these sales are what you would consider distressed properties... short sales and REOs.
  4. Don't wait until it's too late to buy a home on Maui while prices are still low.  Get in touch with your Maui Realtor and find your home on Maui today!

 

Comment balloon 2 commentsGeorgie Hunter R(S) 58089 • September 11 2010 05:27PM

Comments

Gosh Georgina!  This means I can actually afford something in Hawaii!!  Sure would be a great place to retire!!

Posted by Pat Haddad, ABR, CRS, ePRO, GRI, Carmel, Fishers, Westfield IN Real Estate Expert (Keller Williams Indianapolis Metro NE) over 7 years ago

Georgina - great post! And I think your statement applies to most markets, even today: if it is priced right, it sells quickly!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 7 years ago

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