November sales statistics from the Kauai & Maui MLS systems have been released and are presented in the tables below. Median sales prices on the two islands continue to be similar except for vacant land which jumped substantially on Maui. The number of sales on Maui are substantially higher (except for vacant land) and exceeds what one would expect solely on the population ratio of 2.2 to 1. Prices on the two islands continue to hold up fairly well (and in some cases are up) although the number of sales have taken a huge hit.
Keep in mind that the data is as reported by agents and reflects what has sold. This is not the same as the change in value of an individual property. Data is deemed reliable but is not guaranteed and should not be relied on for buying or selling decisions.
Median Sales Price (Year-To-Date November 2008)
|Single Family Homes||$625,000 (down 4%)||$579,000 (down 9%)|
|Condos||$542,500 (down 6%)||$550,000 (no change)|
|Land||$500,000 (down 18%)||$700,000 (up 25%)|
Number of Sales (Year-To-Date November 2008)
|Single Family Homes||265 (down 30%)||852 (down 19%)|
|Condos||160 (down 43%)||752(down 32%)|
|Land||113 (down 37%)||95 (down 55%)|
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