Maui Blog - Georgie Hunter R(S): Paia Maui HI 96779 real estate update - what sold in 2016?

Paia Maui HI 96779 real estate update - what sold in 2016?

2016 year end real estate update:

This year end market report details what sold in the beach town of Paia, on Maui's north shore.  It's been a really good year for sales in Spreckelsville, Paia and Kuau.  Total sales numbers are up in all categories, as well as dollar volume.  This relaxed north shore region continues to be very popular with all types of buyers.

Find a home for sale in Paia, Spreckelsville and Kuau - search the Maui MLS

Houses sold in 2016:

  • 34 sales priced from $455,000 to $18,000,000, way up from 2015
  • Total dollar volume was $58,976,500, way up from 2015
  • Average sold price was $1,734,602 but median sold price was $700,000 - it just takes one crazy sale to skew all the stats sideways
  • 6 sales were at $500,000 or less, all in the Skill Village neighborhood
  • 14 sales were priced between $530,000 and $750,000
  • 5 sales were priced between $800,000 and $1,000,000
  • 4 homes sold between $1,000,000 and $2,300,000
  • Days on Market (DOM) ranged from 23 to 418, with an average of 157 and median of 108
  • None were bank owned or short sales
  • 1 was a CPR residential condo with deeded land attached
  • 5 of the properties included a detached cottage, and 1 came with an attached apartment
  • 5 homes sold were oceanfront, and those were the highest priced sales starting at $3.5M
  • Land size:  most of these homes were on house lots of 14,000 sf or less, but a few at the high end came with significant land and the largest lot was 3.6 acres.  Spreckelsville is where you can find a home on 2 acres or more.Northshore views from a home in Skill Village, Paia Maui HI

Northshore views from a home in Skill Village, Paia Maui HI

Condos sold in 2016:

  • 4 condos sold - which is a pretty high number for this small segment of the market - compared to 2015 which only had 2 sales
  • 3 sales were at the Kuau Plaza and all were 1BD/1BA units: $255,000 $325,000 $318,000
  • 1 3BD unit sold at Sugar Cove which is a high end beachfront complex. $2,725,000
  • None of these Paia condos were short sales or bank owned
  • Search for Maui condos for saleKuau Plaza condominiums, Paia Maui HI

Kuau Plaza condominiums, Paia Maui HI

Vacant land sold in 2016:

So there you have it.  Got questions?  I'm here to help, and you can contact me anytime...

Thanks for reading my Maui blog...

Buying or selling real estate on Maui?  That's what I do.  Let me help YOU.

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 6 commentsGeorgie Hunter R(S) 58089 • February 06 2017 10:50PM

Comments

Aloha Georgie Hunter R(S) 58089 - Paia is a fabulous area. Enjoyed reading your market report.  I wonder how many sales are fee simple? 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 4 months ago

Sheri Sperry - MCNE® These were all fee simple.  You won't find many leasehold properties on the north shore of Maui.  Many of those leasehold properties are either condos or Hawaiian Homelands, and there is a trend towards doing away with them by buying out the lease (condos).

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) 4 months ago

Georgina,  This is a comprehensive 2016 market report for the beach town of Paia on Maui's north shore. Nicely done!

Posted by Kathleen Daniels, San Jose Homes for Sale - Probate Broker (KD Realty - 408.972.1822) 4 months ago

Georgie Hunter R(S) 58089 This is a comprehensive report on  Paia, and it is clear that single family homes are the most popular. Hope yopu enjoy your beautiful  Day!

Posted by Sandy Padula and Norm Padula, JD, GRI NMLS#1483386, Presence, Persistence & Perseverance (Realty One) 4 months ago

Thanks for your comments!

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) 4 months ago

Georgie Hunter R(S) 58089 - Thanks to you, I learned a lot about your lifestyle and how the market report is doing. I always enjoy reading what you write because it's so interesting! Nobody tells a  Hawaian story about Real Estate quite like you!

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) 3 months ago

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