Haiku Maui HI 96708 - market report for vacant land sales in 2012
What sold in 2012? There were 29 vacant land listings sold in our Maui MLS, compared to only 10 in 2011. This is complicated by the fact that the lowest priced sale was really 3 separate parcels rolled into one sale. For the sake of simplicity, we'll just leave it at that.
- 29 sales ranging in price from $160,000 to $854,000
- average sale price was $413,260.
- median sale price was $387,500.
- DOM varied from 0 to 1908
- lot size ranged from a 1/4 acre to 14 acres
- 10 of the lots came with Maui County water meters
- 1 lot was oceanfront (cliff)
- 2011 had only 10 vacant land sales in Haiku!
Let's look a little more closely at the details.
- That $160,000 low water mark was really 3 separate lots in the same area, and very close to each other, that added up to 2.1 acres. It was in Hoolawa, where there is no county water or power and the roads are pretty much unpaved. The seller insisted on selling them together. They were unlisted at the time of sale.
- The oceanfront lot sale was a 2.5 acres that sold for $800,000 after 757 DOM. Originally listed for $1,295,000 almost 3 years ago. Previously this same parcel was sold for $1,450,000 in January of 2008. OUCH.
- Acreage. Since there are so many 2-5 acre parcels in Haiku I have separated these ones out, which leaves 17 sales of 2-5 acre lots. 4 lots were under 2 acres in size, and 8 were over 5 acres.
- 17 land sales ranged from $260,000 - $800,000 on 2-5 acres. Average price $415,937. Median price $387,500.
- 8 vacant land sales from $200,000 - $854,000 on 5-14 acres. Average price $507,640. Median price $467,062.
- The water factor... as we know, a water meter is great to have, but in Haiku you can also have a well, or use catchment water.
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