Maui Real Estate Listing - Land
Featured Listings - Katrina's Hot Picks for Maui Land
Upcountry Maui Land for Sale - Best Views
Unbelievable panoramic views from this incredible 25 acre parcel. Located exactly 2.0 miles from Seabury's front gate. If you are looking for privacy, serenity, infinite views and lots and lots of elbow room, check this out. Truly exciting. Sale is subject to court confirmation. Property has County water meter. Listing price: $2,000,000
Upcountry Land for Sale with Bi-coastal Views
Two Adjacent Upcountry lots offer Incredible Panoramic Bi-Coastal Views. Listing price: $1,295,000
The Current Maui Real Estate Land Market
As of July 2007, land sales on the island of Maui decreased 15% compared to the past year. The average price fell 9% from $950,455 to $860,189 during this period.
Much of the decline in the number of land sales in the past year was concentrated in two parts of the island. Kaanapali saw a decrease from 38 sales to 15 and Kula/Ulupalakua saw a decrease in sales from 18 to 9 transactions.
The largest increase in land sales took place in Central Maui, which saw an increase from 33 to 59 transactions in the past year. The average price dropped slightly from $469,899 to $437,481, a 7% decrease.
Kapalua also saw an increase in land sales from 5 to 11 transactions in the same period. The average price decreased from $2,675,800 to $1,958,182. It is possible, when the number of transactions is limited, as is the case here, for one sale to have a strong effect on the average price.
At 14 transactions, Lahaina land sales stayed stable and unchanged from the previous year. Prices, though, increased significantly (55%) from an average of $1,045,260 to $1,623,929.
The Makawao/Olinda/Haliimaile area saw only 1 land sale in the past 12 months, down from 4 for the same period a year ago. Average price fell from $606,250 to $525,000, a 13% decline.
Wailea/Makena, while declining in the number of transactions to 6 as compared to 12 for the previous year, saw an average increase in price of 53% from $1,813,000 to $2,779,167.
One of the most significant decreases in price was seen in the Haiku area. While the number of land transactions stayed relatively even, dipping from 12 to 10 in the past year, the average price fell from $882,500 to $460,200.
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Katrina Pitman Real Estate
P.O. Box 1733, Makawao, Maui, HI 96768
Phone: (808) 298-6938
Email: Katrina@KatrinaPitmanRealEstate.com
Credits: Photo of Bay in Hana, Maui by Ralph Ward of Ralph Ward Photography: rsw108@gmail.com
© 2007 Katrina Pitman Consulting Services