January RAM (Realtors Association of Maui) Stats are out and here’s a brief synopsis for Wailuku, Maui, Hawaii:

  • Wailuku or Central Maui Home Sales Stats for January: Median = $475,000, down from $566,370 in December
  • Wailuku or Central Maui Condo Sales Stats for January: Median = $295,000, up from $280,000 in December
  • Wailuku or Central Maui Land Sales Stats for January: Median = $0.00, down from $552,000 in December

Sales Stats of Maui Real Estate Sales in General:

  • Days on Market (DOM) for Homes = 151 DOM, Condos = 226 DOM, Land = 379 DOM
  • Sales Volume dropped for Maui Residential and Land Sales. However, Condos rebounded from December’s low.
  • Maui median residential sales price declined slightly to $574,113, Maui Condos down to $610,000, and land to $484,500.

Vantage Points for Buyers and Sellers:

  • January numbers show a generally downward tick, condtinued low interest rates provide plenty of options for buyers.
  • Buyers should get Pre-Approved so they can shop in confidence (no last-minute disappoints due to non-funding loans).
  • Maui inventory of homes and condos have grown this month, possibly due to “New decisions for the New Year.”
  • Realistic Sellers can beat competing properties with better property condition with careful pricing, good marketing and flexible terms. Don’t get caught in the “Perils of Overpricing.”
  • Short Sales and foreclosures are appearing in the marketplace. Know the difference, Ask your REALTOR.
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