Maui Condo Sales Prices on the Rise in June
Via the latest June 2018 stats released by the Realtors Association of Maui (RAM), the median price for a Maui condo increased by double digit figures to 20% compared to the same time last year. Meanwhile, on the residential front, single family home sales figures did not impress and actually declined.
Kihei Akahi unit sold by the sales team earlier this year
June 2018 Maui Condo Sales Stats
Ho’olei villa sold by the Sayles team a few months ago
- June median condo sales price: $515,000, a 19.8% increase from $430k in June 2017
- Number of condos sold in June: 150 condos sold, a 21% increased from 124 in June 2017
The Maui condo market as a whole is doing very well and is reflected in the year to date stats compared to the same time last year. Condo sales shot up 22% to 870 units sold in the 1st half of 2018 vs the 713 condos sold in the same 2017 time frame. The 2018 median sales price through the 1st 6 months of the year also rose slightly by 4.2% of $475k in 2017 and now $495,000 in 2018.
June 2018 Single Family Home Sales Stats
Cute Haiku cottage sold by the Sayles Team
- June median home sales price: $727,500, a 1.7% decline from $740k in June 2017
- Number of homes sold in June: 85, a 30% decline from 120 in June 2017
Although June was not kind to residential sales, the overall market did well increased by 5.1% in terms of the number of transactions closed, 575 homes sold in 2018 so far and 547 in the same time last year. Although transactions increased, median sales price decreased by 2.2% from $705k in 2017 and $690,000 in 2018.
The Wailea life is famed among many as some of Maui’s finest real estate for a variety of reasons. This community boasts a whopping five beaches as well as a number of outstanding and manicured golf courses.
Mixed in with the five hotels located in this community are several high-quality condominiums and private homes. If you’re the kind of buyer who won’t settle for second best, then you should take a few moments to browse some of Wailea’s best condos.
The best way to stay in touch with the market is by subscribing to our Wailea condos new listing email alert.
- Number of Wailea condos for sale: 75
- Average asking price: $2,347,743
- Highest priced unit for sale: $25 million
- Lowest priced condo for sale: $739,000
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