Couldn’t we all use a little good news? We are happy to report that Maui saw an increase in sales volume in the first quarter of 2010 over the first quarter of 2009 in all property types. Condominium sales volume showed an increase of 12 percent, while residential improved by 42 percent, and vacant land grew by 35 percent. Median sales prices for condominiums declined by 39 percent, and residential properties by 10 percent; however, vacant land showed a positive increase of 25 percent in median sales price.
West Maui Market
West Maui experienced dramatic improvement in unit sales volume in the first quarter of 2010 over 2009, with condominium sales increasing 130 percent, residential 30 percent, and vacant land a staggering 200 percent. Median sales prices for condos and residential property in West Maui fell while vacant land median sales prices increased. Once again Whalers Realty leads the way, participating in 27 percent of condominium, 35 percent of residential, and 25 percent of vacant land sales for the first quarter.
With three offices in prime locations including Whalers Village and the Fairway Shops, Whalers Realty offers a presence that is unsurpassed on the West side. With their proven track record of excellent service, honesty, and integrity, Whalers Realty is the best choice for your next real estate investment.
Contact Whalers Realty at (808) 661-8777 or via email at info@whalers realty.com.