Haiku, Maui Vacant Land Market Snapshot

Haiku, Maui, Hawaii – What’s For Sale in the Vacant Land Market?

• 50 Active and Pending listings priced from $325,000 to $2,995,000
• 45 Active listings, 5 Pending listings are under contract
• Days on Market (DOM) ranges from 13 to 1,820, with median of 155 and average of 322
• smallest lot is half an acre, largest lot is over 50 acres
• only 9 lots are less than 3 acres
• 15 parcels are oceanfront, and they are all Active listings

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Oceanfront 2 acres at 460 Hoolawa Rd. (MLS# 359596)

Pending Vacant Land Sales

Here’s the breakdown of Pending vacant land listings in Haiku:

• 6 listings priced from $360,000 to $1,745,000
• DOM varies from 113 to 1,113, with median of 200 days and average of 361 days
• 2 properties are about 2 acres, 2 properties are about 7 acres, 1 is 10 acres and 1 is 43 acres

What Sold Between August 1, 2015 and August 1, 2016?

• 22 closed sale in the 12 month period, sold between $243,000 and $2,000,000
• median sale price was $447,650 and average sale price was $554,581
• DOM ranged from 23 to 371, with median of 132 and average of 156 days
• lot size varied from .7 acres to almost 132 acres
• smallest lot: $289,000 for .7 acres with no water meter or electric service, ocean view
• 3 CPR lots of less than 2 acres sold between $243,000 and $310,000
• 8 lots of 2-3.3 acres in size were selling between $372,000 and $565,000
• highest price, largest lot: 131.89 acres sold for $2,000,000 to developers

Historic Activity For Haiku Vacant Land

• August 1, 2014 – August 1, 2015 had 19 sales ranging from $150,000 to $2,200,000
• August 1, 2013 – August 1, 2014 had 37 sales ranging from $110,000 to $1,500,000
• August 1, 2012 – August 1, 2013 had 32 sales ranging from $140,000 to $1,000,000
• August 1, 2011 – August 1, 2012 had 17 sales ranging from $260,000 to $854,000

Absorption Rate

At the current rate of 19-22 sales per year, we already have enough inventory to last for a few years. But what we really need are some smaller lots of 0.5 to 2 acres, priced under $500,000. That’s where the demand is.

Tired of searching for Haiku land? Search the Maui MLS for Haiku homes for sale.

1.5 acres on N. Holokai Rd. (MLS# 369306)

Are You Ready To Sell?

This is a great time to get that Haiku property on the market. Inventory of smaller lots is very low, and buyers are chomping at the bit to own a little piece of Haiku. For a more detailed analysis of what your lot could sell for, please contact me and we can talk about it. I have buyers just waiting for the next good piece of land to come on the market. This could be your golden opportunity.

Georgie Hunter, R(S), e-Pro
Direct: 808.283.0635