Kula Maui market update – summary of 2020 real estate sales

What sold in 2020 – residential homes – Kula Maui

2020 was a unique year for real estate sales, and after a brief pause, homes started selling quickly and at higher prices than the previous year.  There were 73 home sales in our MLS,  priced from $395,000 – $2,800,000.

  • average sale price was $1,137,592.  Median sale price was $997,000.
  • average Days on Market was 134.  Median DOM as 88.
  • 59 homes were single homes, 11 had a detached cottage, and 3 had an attached ohana.
  • 10 were CPR (residential condo) homes priced from $570,000 – $1,500,000.
  • 4 were REO sales priced from $690,000 – $1,050,000.
  • 3 were Leasehold homes in the Keokea Hawaiian Homelands, all priced under $625,000.
  • lot size ranged from .4 acres to 19.3 acres with about 45 being on 1 acre or less.
  • least expensive was 849 Pueo Dr. – a LH 3Bed/2Bath home on 1 acre in Waiohuli Kula.
  • most expensive was 1511 Polipoli Rd. – a beautiful equestrian estate of 5 acres with a large 5Bed/3.5Bath home.

 

 

15 Mano Drive Kula Kai Maui

15 Mano Drive sold for $1,000,000 on 7/31/2020

What sold in 2020 – vacant land – Kula Maui

Kula has been seeing a lot of vacant land sales recently due to some new developments.  There were 46 lot sales in our MLS,  priced from $11,000 – $9,380,000.

  • average sale price was $837,475.  Median sale price was $541,000.
  • average Days on Market was 406.  Median DOM as 145.
  • 1 was a CPR (residential condo) lot of 1 acre priced at $320,000.
  • none were bank owned or short sales.
  • lot size ranged from 1,612 sf – 3,285 acres with 19 being of 1 acre or less.
  • lowest priced was a tiny remnant piece alongside the highway.
  • most expensive was the Erehwon Ranch which was the 3,285 acre parcel and it took 4 years to sell.
keokea pastures

The lush pastures of Keokea in Upcountry Maui

1950 Naalae Rd Kula

Thanks for reading my Maui market update…

Got questions about any of these properties?  Buying or selling real estate on Maui? That’s what I do. Let me help YOU.

Georgie Hunter R(S) e-Pro, Hawai’i Life Real Estate Brokers
26 Baldwin Ave, Paia HI 96779
E-mail or call/text: 808 283-0635

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