Maui Meadows saw two closings and one new listing this week. A vacant lot at 553 Mikio closed for only $575,000 after having been initially listed for $809,000. That represents a per square foot value of $26, substantially less than comparable lots had sold for earlier this year. 3106 Akala, a 1600 square foot home and large cottage sold for only $875,000 after having been initially listed for $1,075,000 nearly seven months ago. Again, on a per square foot basis (including the cottage)  that represents less than $400. 3403 Akala, a small, but very nice and private two-bedroom home with a small cottage has been listed for $1.18 million.

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