Listed at the end of August, 467 Ulumalu drew substantial interest and only needed one week before our sellers were happy to accept a well positioned offer. Recent upgrades to the property were completed, leaving plenty of time for the buyers to enjoy all of what the Haiku lifestyle offers.
This turn-key home includes a spacious first level with a large great room that opens up to the chef’s kitchen area. Upstairs is the master suite with ocean views and two comfortable guest suites with loft areas and tons of storage space. Recent owner upgrades, to name just a few, include a new roof, new gutters, all new windows, new appliances and an owned top of the line photo-voltaic system.
Sold for $960,000
We were happy to represent our buyer clients on their purchase of this spectacular Haiku property. Just a quick drive drive from Haiku town and 10 minutes from Twin Falls, this private lot sits atop a hill, looking out to the ocean with no neighbors in sight. Set up with power, water septic and 460+mbps lightening fast internet already installed, the site is ready for our clients to build their dream home. With more than 5 acres, the lot has several different areas ready for orchards, gardens or grazing.
Sold for $675,000.
Through 2020, the Haiku market has seen a running sales volume of close to $77.2 million. March, April, and July were the most productive months making up more than 60% of sales so far in 2020. On average, homes are spending a little over five months on market with only five home sold within a month. Only 18 more homes need to close before the end of the year for 2020 to outperform 2019.
A little over 50% of the homes have been sold for under the $1 million mark. It’s rare for the Haiku market to get into the $2.5+ million range with only three homes being sold above that price range.
- Haiku Homes sold: 72
- Average sold price: $1,180,928
- Median sold price: $1,073,318
- Highest priced home sold: $3.87 million
- Lowest priced listing sold: $400,000
Haiku Homes Market Update 2019
The 2019 Haiku market saw 89 homes sold for a total sales volume of just over $89 million. Sales were been evenly dispersed throughout the year with February and December being the slight exception at 2 and 3 homes sold. Homes in Haiku sold quite fast with 45% of homes sold within 3 months of coming to market. Meanwhile on the opposite end of the market, 10% homes needed longer than 1 year to find a buyer.
In terms of sold prices, 12 homes have been sold for $550,000 or less. Haiku is known for its attractive prices with close to 66% of homes being sold for less than $1 million. It’s rare for the Haiku market to get into the $2.5+ million range with only 2 homes being sold above that price range.
- Haiku Homes sold: 89
- Average sold price: $1,002,863
- Median sold price: $813,000
- Highest priced home sold: $3.4 million
- Lowest priced listing sold: $275,000
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: 31
- Average asking price: $3,134,545
- Median list price: $1,895,000
- Highest priced home for sale: $22 million
- Lowest priced listing: $339,000
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)