Somewhere between Haiku and Hana, our latest clients have found their dream estate! Nestled in the Hanawana Valley, this spectacular estate comes with your own waterfall and oceanfront access. The valley offers privacy and seclusion just 30 minutes from Paia and 45 minutes from Kahului airport. The property is teeming with flora and botanical treasures including: mango trees, coconuts, avocados, bananas and papayas.
There are two existing dwellings on the property. One is a two-story home and the other is ready for our client’s own personal touches. This property was bought for its beauty and untouched nature rather than for its dwellings.
The property was listed since the summer of last year and went through several price reductions. I the end, we were happy to help our clients close for 30% less than original asking at an even $1 million.
With 29 homes sold through 4.5 months of 2019, the Haiku has seen great demand considering the Haiku is known for offering great value and large lot sizes. The home sold with the smallest lot size was just over 6000 sqft and lives a lot larger than the lot size suggests. Meanwhile, the largest lot size sold was just under 17 acres.
33% of all sales so far well below the $700,000 range, while only 10% of sales exceeded the $1.5 million threshold. The median sold price of a Haiku home is right around $800,000, a figure that has been slowly creeping up over the last few years.
- Number of Maui Meadow homes sold: 29
- Average sold price: $864,410
- Highest priced home sold: $1,670,000
- Lowest priced home sold: $275,000
- Number of units in escrow: 5
Markets like Haiku will always be top heavy as the well priced units do not last long and the large estates in the $1.5+ million range will take a certain type of buyer looking for the Haiku lifestyle. More than half of the market is priced above $1.5 million with and average days on market of 137.
Buying into Haiku isn’t as cheap as it once was, but there are still plenty of listings out there to go after. The best and easiest way to stay up to date with the Haiku market is by subscribing to our Haiku home new listing email alerts.
- Haiku Homes for sale: 47
- Average asking price: $1,685,891
- Highest priced home for sale: $3.95 million
- Lowest priced listing: $549,000
Contact a Maui Real Estate and Lifestyle Specialist
Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. I was born and raised on the island, and spend a considerable amount of time to inform my clients about the best deals currently on the market. Please do not hesitate to call me for your Maui real estate needs. I am more than happy to assist you in your home search.
Anthony Sayles R(S)