3 September Closings at Maui Vista
Brought to market in early May, the unit is a fantastic ground floor unit with a large green area right off of the lanai which is perfect because its act like a backyard for entertaining guests. Located in the back of the complex, the unit is completely away from South Kihei road so it doesn’t experience any noise pollution from the cars passing by. Initially the unit had trouble gaining interest, so it underwent two small price reductions before it was able to garner an acceptable offer. The unit was sold fully furnished and was being used as a vacation rental at the time of the sale.
Sold for $300,000, $25k off asking
Maui Vista 3209
First listed in early August of last year, the unit came to market with motivated sellers as the unit underwent a few slight price reductions before an interested party made an offer. Considering the unit was in a great price point, it took a little longer to move than expected. Also setback from the road, but in close proximity to the pool, the unit made sense for the right buyers. Part of the reason it took so long for this property to move was the consistent bookings which made it hard for buyers to get into the complex. The unit was well maintained and sold as a fully furnished vacation rental with one bedroom.
Sold for $310,000, $25k off asking
Lightly upgraded with a nice ambiance, the unit came to market in mid January of this year and also experienced a few price reductions before being able to conjure up a buyer. Sitting on the 2nd level with western exposure, it enables the unit to shine in a soothing ambiance which play off the subtle paint tones of the unit. Located in the 3rd building, the unit is away from the road and offers a private setting in the back of the complex.
Sold for $307,000, close to $20k off asking
2017 Maui Vista Market Update
The Maui Vista market is experiencing a stellar year while averaging a little over 2 condos sold per month. Although that’s the average, May was by far the most productive month with 5 units sold, while January was the 2nd most productive with 4 units sold. So far, from January to September, every month has seen at least 1 unit sold except for August.
The sales at the complex have been extremely encouraging for buyers and sellers. Buyers have been able to find what they’e looking for, while sellers have been able to move on from their property in a timely fashion. From looking at the sales data, there is a clear indication that the $300k price range is the sweet spot of the community with 66% of the units sold so far.
The Maui Vista community is an attractive community to some buyers because of the low barrier to entry; 3 units this sold for under $300,000, 2 of which were sold for significantly under their asking price. On the high end of the complex, 5 units were sold for in excess of $400k which is still considered a very attractive price for a Kihei vacation rentable complex.
- Number of Maui Vista condos sold: 22
- Average sold price: $350,672
- Highest priced unit sold: $487,000
- Lowest priced unit sold: $275,000
- Number of units in escrow: 0
The low inventory on the Maui Vista market speaks to the desirability of the complex as buyers consistently scoop up units. As of today (10/8), the units are spending an average of less than 6 months on the market. Incredibly, more than 1/3 of the units sold closed within 90 days of coming to market.
- Number of Maui Vista condos for sale: 2
- Average asking price: $421,700
Contact a South Maui Real Estate Specialist
Our team has been blessed to have been part of this extraordinary community since its creation in 2005. Our real estate information office is located on site and is open 7 days a week. It truly brings a smile to my face meeting first time guests, return visitors, and full-time residences that love and embrace the Maui lifestyle.
We’d like to extend an invitation to you to feel free and stop by the on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM – 5:00PM.