Maui Blog - Georgie Hunter R(S): Haiku Maui HI 96708 - residential real estate June 2017

Haiku Maui HI 96708 - residential real estate June 2017

Haiku Maui HI 96708 - residential real estate June 2017

A quick real estate market update for the Haiku region on Maui's north shore...

January 2017 through May 2017 numbers:

The Haiku Maui housing market is looking strong compared to last year at this time.  The year to date statistics show an increase in the number of sales, from 28 homes to 31 homes sold January through May.  The total dollar volume of sales is also up 18% over the last 12 months.  Median sales price dropped from $742,500 to $725,000. 

In the past 12 months 71 residential properties sold in Haiku:

  • sales price ranged from $335,000 to $3,999,900
  • 9 homes sold for less than $500,000
  • 40 homes sold between $500,000 and $1,000,000
  • 22 homes sold for over $1,000,000 and 3 homes sold for about $2,000,000
  • lowest price was a CPR 2 acres with an old home in very poor condition
  • highest price was a superb hand crafted luxury estate on 2 oceanfront acres with coastal waterfall views
  • average sale price was $931,495 and median sale price was $808,000
  • total dollar volume was over $66,000,000
  • 3 bank owned REO sales priced up to $599,000
  • 1 short sale of a cottage on 2 acres for $640,000
  • days on market were as high as 465 days
  • 30 purchases were all cash or 1031 exchange, 7 were FHA loans, 2 were VA loans and the rest were conventional mortgages

802 Door of Faith Rd, Haiku Maui - sold for $760,000

802 Door of Faith Rd, Haiku Maui - sold for $760,000.  This listing was a 2BD/2BA home on 2.8 acres in a private and remote setting.

What kind of property is selling in Haiku Maui:

  • only a few homes were a 1/4 or less, with most being on acreage of 1 - 7 acres
  • 2 home sales were large properties,  with around 27 acres of good farmland
  • 50 listings came with just one house, sold between $335,000 to $2,190,000
  • 20 listings were house and detached cottage, sold between $700,000 to $3,999,900
  • 1 house with attached ohana sold for $750,000 but no acreage
  • 8 properties were CPR residential condos priced between $335,000 to $900,000
  • house size ranged from 468 square feet to over 5,000 square feet
  • 35 homes were between 1,000-2,000 sf and only 8 homes were over 3,000 sf
  • 6 of the homes had swimming pools
  • only 1 sold property was oceanfront, the highest priced sale

 50 Lihiwai Place, Haiku Maui - sold for $940,000

50 Lihiwai Place, Haiku Maui - sold for $940,000.  This listing was a 3BD/2BA house/garage and detached cottage with a pool, on half an acre.  Due to the good condition of the homes, and the attractive pricing, it sold in 64 days for $1,000 over asking price.

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 • June 29 2017 06:55AM

Comments

Thanks for providing your local real estate information for us to review today

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (Real Estate and Beyond, LLC) about 2 months ago

Georgie, I always love reading your posts on Maui...they help me dream of paradise.

Posted by Jeffrey DiMuria 321.223.6253 Waves Realty, Florida Space Coast Homes (Waves Realty) about 2 months ago

Great market report letting buyers and sellers understand the market as they decide what to do. It also showcases your knowledge.

Posted by Nick & Trudy Vandekar, 610-203-4543, Tredyffrin Easttown Realtors, Philly Main Line (Long & Foster Real Estate Inc 610-225-7400) about 2 months ago

Georgie Hunter R(S) 58089 - Nice overview of the market in your Hawaiian Paradise! 

Wishing you a wonderful 4th of July weekend!

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 2 months ago

Georgie, great post updating the real estate market in Haiku Maui HI, and there is definitely a price point for everyone.  Hope buyers and sellers take advantage of your expertise! 

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) about 2 months ago

Thank you for visiting and commenting on this post!  Happy 4th of July!

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) about 2 months ago

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