Maui Real Estate Prices Rise In February

From the latest monthly real estate report released by the Realtors Association of Maui (RAM), the price for a single family home on Maui increased by more than 15% in February 2019 compared to the same time lat year. The sharp increase in price can be attributed to the lack inventory which lead to a 20% decrease in sales in February 2019 vs February 2018.

On the other hand, the data reported by RAM indicates the condo market saw more modest numbers than the single family home market. Condo prices rose a little over 10%, while the number of sales slightly declined by 3%.

Epic Views From Wailea Pualani Home Listed by the Sayles Team

A Look At The Figures

As mentioned before, the strong demand and low supply across Maui impacted buyers looking to pick up properties. In total, February saw 79 single family homes sold, down 19.4% from the 98 sold in February 2018. In terms of median price, the single family home was $790,000, up more than 15% from $684,350 in February of last year.

Condo numbers favored buyers more than the housing market did in terms of seeing a lower increase in median price. The median sold price of a Maui condo saw an 11.8% increase in February to $524,5000, compared to the February 2018 sold price of $469,250. The number of condos sold in February dipped slightly by 3.2% to 120 sold.

Wailea Condos For Sale (as of 3/10/19)

155 WAILEA IKE PL 101

155 WAILEA IKE PL 101
Price: $749,000
Status: ACTIVE
Building Name: Grand Champions
Unit: 101
Waterfront: None
Beds: 2
Baths: 2
SqFt: 1056
Address: 155 WAILEA IKE Pl
City: Kihei
State: HI
Zip: 96753

389 KAI MALU PL 53B

389 KAI MALU PL 53B
Price: $2,075,000
Status: ACTIVE
Building Name: Kai Malu
Unit: 53B
Waterfront: None
Beds: 3
Baths: 2.5
SqFt: 1796
Address: 389 Kai Malu Pl
City: Kihei
State: HI
Zip: 96753

155 WAILEA IKE PL 45

155 WAILEA IKE PL 45
Price: $849,000
Status: ACTIVE
Building Name: Grand Champions
Unit: 45
Waterfront: None
Beds: 2
Baths: 2
SqFt: 1148
Address: 155 WAILEA IKE Pl
City: Kihei
State: HI
Zip: 96753

155 WAILEA IKE PL 48

155 WAILEA IKE PL 48
Price: $849,000
Status: ACTIVE
Building Name: Grand Champions
Unit: 48
Waterfront: None
Beds: 2
Baths: 2
SqFt: 1148
Address: 155 WAILEA IKE Pl
City: Kihei
State: HI
Zip: 96753

3200 WAILEA ALANUI DR 609

3200 WAILEA ALANUI DR 609
Price: $725,000
Status: PENDING - CONT. TO SHOW
Building Name: Palms at Wailea I
Unit: 609
Waterfront: Across Street from Ocean
Beds: 1
Baths: 2
SqFt: 1022
Address: 3200 WAILEA ALANUI Dr
City: Kihei
State: HI
Zip: 96753

See a complete list of Wailea Condos For Sale

Contact a Maui Real Estate Specialist

Amazing ocean views from Ho’olei at Grand Wailea

Please interview 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)

Anthony@Danosayles.com 

808-280-6532

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