The Maui Real Estate Market Continues to Perform
The Realtors Association of Maui just published their monthly sales update for April 2017. Although Maui’s residential and condominium sales prices remained impressive, they however did not reach the heights seen earlier this year. The median price of a residential or single family home in Maui County was $671,000 in April, lower than February’s $672,575 and March’s $756,000 median sales price.
On the bright side, median prices for condominiums are continuing their trend upward. The April median for condos was $490,563, 10.4% higher than the $444,500 median sales price in April 2016. This year’s April median price for a condo ranks 2nd highest so far in 2017, January 2017 was the highest at $525,000.
A stunning Wailea Ekolu unit we sold earlier this year for just over $1 million
Through the first 1/3 of 2017, the median sales price of single family homes is $685,000 which is 11% higher than the first third of 2016. The volume of home sales for this period was 329 sales, 4% lower than last year.
Kihei is always among the top 2 busiest regions along with Central Maui. Kihei Home sales in April totaled 60, 9% more than 2016; the median price for a Kihei home in April was $789,850, a 28% increase from April 2016.
In the Wailea Makena region, 12 homes sold to dictate a 140% increase in sales volume with a median price of $2.8 million, interestingly a 10% price cut from last year.
151 Keonekai Road is a rare Kihei gem listed by the Sayles Team
Kihei condos had the most sales with 164, up 21% from the first third of last year. The median price for condos in Kihei was $388,500, up 14%.
The Wailea-Makena area ranked third in volume of condos sold with 63 sales, up 91 percent, and it topped all of Maui County as having the most expensive median price for condos — $1.1 million, down 4 percent from a year earlier.
Wailea Condos For Sale
- Number of active Wailea condos for sale: 99
- Average asking price:$2,400,057
- Lowest priced unit for sale: $569,888
- Highest priced unit for sale: $25 million
- Number of units in escrow: 4
155 WAILEA IKE PL #138
3800 WAILEA ALANUI DR #404
155 WAILEA IKE PL #6
3300 WAILEA ALANUI DR #33D
3300 WAILEA ALANUI DR #45C
See a complete list of Wailea Condos For Sale
Contact a Maui Real Estate and Lifestyle Specialist
The view from Hoolei Villa A6, the ultimate privacy and seclusion in the Wailea Resort
Please consider 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. Aloha,
Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com