What’s Sold and What’s For Sale in Haiku, Maui

What’s been happening in the real estate market for vacant land sales in Haiku, Maui, Hawaii? Let’s see what the year to date stats tell us comparing 2016 to 2017, January through July. The number of sales are up, as well as total dollar volume, but the median sale price is down.

January through July 2017:

• 20 closings in 2017 up from 12 closings in 2016 (January thru July) – 67% up
• Total sales volume was $11,060,668 which is up from $6,572,000 in 2016 – 68% up
• Median sale price was $443,250 which is down from $525,000 in 2016 – 16% down

Sold in Haiku:

• 20 parcels of vacant land ranging in price from $300,000 to $1,725,000
• Days on the market ranged from 39 to 536
• Lot size varied from 1/2 an acre to over 31 acres, which makes it hard to compare really
• 5 were CPR portions of larger lots, priced from $300,000 to $410,000
• Financing – 12 were all cash, 2 were through seller financing, 6 were with conventional financing
• None were bank owned or short sales
• 15 of the 20 sold for less than full asking price
• 9 came with Maui County water meter, others will use catchment or well water (Peahi Farms)
• 1 parcel was ocean front – 2 acres that sold for $1,295,000
• Lowest price was $300,000 for 2.7 acres with no utilities, in an upcoming new subdivision near downtown
• Highest price was $1,725,000 for 31.25 acres with a deluxe barn, greenhouse, tractor shed, and tractor
• What’s a typical 2-acre lot selling for these days? Between $469,000 and $557,000

Sold in Haiku – 112 Kahiapo Place

What’s for sale now in Haiku:

• 50 total active and pending land listings
• 45 Active listings priced from $309,000 to $3,765,000
• 5 Pending listings priced from $309,000 to $540,000
• DOM ranges from 7 days to 2,185 days (48 acres listed for $1,900,000)
• 3 parcels are 1/2 acre or less, priced up to $360,000
• 9 parcels are over 10 acres, starting at $1,050,000 including a working fruit farm with 3 separate TMK’s
• 4 parcels are over 25 acres, starting at $1,200,000
• 7 are CPR portions where you can build either a main house or a cottage up to 1,000 sq.ft.
• 15 of the listings come with water meter, many come with a shared private well
• 13 lots are oceanfront, priced from $1,495,000 for 2 acres to $3,765,000 for 17 acres
• What’s a typical 2-acre lot listed for these days – let’s say between $400,000 and $540,000
• Search what’s for sale in Haiku here

North Shore cliffs in Haiku

If you need help sorting through the Haiku vacant land options or homes for sale in Maui, let me be your guide to all the wonderful places here on the north shore where you can grow, and live your dream.

Georgie Hunter R(S) e-Pro, Hawai’i Life Real Estate Brokers
127 Hana Hwy. #G, Paia HI 96779
direct: 808 283-0635  ~  GeorgieHunter@HawaiiLife.com