Maui Blog - Georgie Hunter R(S): Kula Maui HI vacant land market update June 2018

Kula Maui HI vacant land market update June 2018

What's been selling this year in the Upcountry region of Kula?  Let's include Kula, Keokea and Ulupalakua in this vacant land real estate market report.

Sold in Kula Maui since Jan 1 2018:

  • 23 sold listings priced from $100,000 to $1,445,000
  • average sale price was $592,045 and median sale price was $545,000
  • total dollar volume was $13,617,050
  • only 2 sales used a conventional mortgage, most were for cash, and 5 involved seller financing
  • nothing was bank owned or short sale
  • Days on Market ranged from 0 to 582, with an average of 262 and median of 230
  • 2 parcels were in different Condominium Property Regimes (CPR)
  • land size ranged from .25 acre to 19 acres - 7 were less than an acre, 14 had between 1.6 to 6.2 acres
  • 2 properties were large, with between 15-19 acres
  • lowest sold price: .56 acres was sold in conjunction with a residential listing which sold for $1,300,000
  • highest sold price: 15 acres in the gated Kula I'o subdivision with private water meters
  • median sold price: 3.6 acres on Omaopio Road with a county water meter - $545,000

Driving on the Haleakala Highway in Kula Maui

Driving on the Haleakala Highway in Kula Maui

What's for sale now in Kula Maui?  65 total active and pending listings priced from $298,000 to $13,000,000.  Let's break this down into the actives and the pendings...

Active Kula Maui listings:

  • 52 listings priced from $298,000 to $8,250,000
  • average list price is $967,933 and median list price is $804,450
  • lot size: 7 are under 1 acre; 35 are between 2 and 7 acres; 4 are 7 to 12 acres; 4 are 15-16 acres; 1 is about 25 acres; 1 is 464 acres
  • 2 parcels are CPR lots
  • DOM ranges from 18 to 790 with an average of 418 days and median of 480 days
  • lowest price is at Lot 133 Kalama Park Rd - 2.86 acres with no utilities, so it's off the grid
  • highest price is the 464 acres below the Kula Highway in the Omaopio area
  • search the Maui MLS here for Kula homes for saleViews of West Maui from the Kula Highway

      Views of West Maui from the Kula Highway

Pending Kula Maui listings:

  • 13 listings priced from $510,000 to $13,000,000
  • average list price is $1,955,476 and median list price is $900,000
  • lot size: 7 parcels are 2 to 5 acres; 4 parcels are 15 to 18 acres; 1 is 25.7 acres; 1 is 3,285 acres!
  • DOM ranges from 105 days to over 4.5 years
  • lowest price is a 2 acre lot in a new subdivision in Kula, Laumania Subdivision at Keokea
  • highest price is the former Erewhon Ranch with over 3,200 acres and mostly cattle pasture land

With so many great vacant land listings to choose from in Kula, now is a really good time to be buying.  How can I help you to secure that property you've always wanted?

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 4 commentsGeorgie Hunter R(S) 58089 • June 19 2018 02:42AM

Comments

Thanks for the market update.  I think it is fascinating to read about market trends in different parts of the country! 

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Keller Williams Capital Properties) 3 months ago

Thanks for the visit and the positive feedback Lise Howe 

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) 3 months ago

Georgie, you do a great job in reporting the market updates.   I too enjoy reading about other markets.

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) 3 months ago

Hello Georgie, some great numbers on land selling in Maui and have a great week ahead 

Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) 3 months ago

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