May Sees Maui Home Sales Up While Condo Sales Decrease

Via the latest monthly analysis compiled by the Realtors Association of Maui (RAM) for the month of May, the data indicates inventory for both homes and condos are at its lowest in the last decade.

Not only did inventory numbers sag for Maui homes for sale, the median sales price did not perform anywhere near the record breaking month of April 2019 (median sold price of $819,500). April decreased by more than $100,000, with May seeing a median sold price of $705,000; however, the May median sales price was still up 2.2% year over year.

In contrast, the condo market had a strong month with a median sold price of $518,500, up 9.7% from 2018.

Private Ho’olei villa sold by the Sayles Team in April

May 2019 Single Family Home Inventory Numbers

  • Total number of active homes for sale: 445, down 13% from May 2018
  • Number of newly listed homes for sale: 111, down 8.3%

May 2019 Condo Inventory Numbers

  • Number of active condos for sale: 487, down 21.5% from May 2018
  • Number of newly listed condos for sale: 139, down 24%
Highly desirable Hokulani Golf Villas home sold by the Sayles Team in April

For buyers looking for homes, they flocked to some of Maui’s more popular areas like Wailuku, Kahului and Kihei. These homes are synonymous with high demand because of their convenience and low barrier to entry. The report showed 27 homes sold in Wailuku with a median price of $655,000; Kahului, 18 homes, $652,750; and Kihei, 18 homes, $762,500.

For condos, May buyers also looked to Kihei with 54 units sold and a $437,500 median price; Napili/Kahana/Honokowai, 24 units, $470,000; and Kaanapali, 18 units, $1,003,500.

It is not surprising that the resort area of Wailea/Makena saw both of the priciest median sold price of homes and condos a median price of $6,575,000 and $1,065,000.

South Maui Real Estate For Sale

11 KAINEHE PL 17B

11 KAINEHE PL 17B
Price: $1,569,000
Status: ACTIVE
Building Name: Kai Malu
Unit: 17B
Waterfront: None
Beds: 3
Baths: 2.5
SqFt: 1796
Address: 11 Kainehe Pl
City: Kihei
State: HI
Zip: 96753

56 KIHALANI ST 1202

56 KIHALANI ST 1202
Price: $420,000
Status: PENDING - CONT. TO SHOW
Building Name: Flats at Kamalani
Unit: 1202
Waterfront: None
Beds: 2
Baths: 2
SqFt: 804
Address: 56 Kihalani St
City: Kihei
State: HI
Zip: 96753

2037 S KIHEI RD 1

2037 S KIHEI RD 1
Price: $639,000
Status: ACTIVE
Building Name: Kihei Parkshore
Unit: 1
Waterfront: Across Street from Ocean
Beds: 2
Baths: 2
SqFt: 678
Address: 2037 S Kihei Rd
City: Kihei
State: HI
Zip: 96753

938 S KIHEI RD 101

938 S KIHEI RD 101
Price: $499,000
Status: ACTIVE
Building Name: Kauhale Makai
Unit: 101
Waterfront: OceanFront
Beds: 1
Baths: 1
SqFt: 799
Address: 938 S Kihei Rd
City: Kihei
State: HI
Zip: 96753

93-3 MAKAKEHAU ST G3

93-3 MAKAKEHAU ST G3
Price: $2,765,000
Status: PENDING - CONT. TO SHOW
Building Name: Hoolei
Unit: G3
Waterfront: Across Street from Ocean
Beds: 3
Baths: 3.5
SqFt: 2619
Address: 93-3 Makakehau St
City: Kihei
State: HI
Zip: 96753

See a complete list of South Maui Real Estate For Sale

Contact a Maui Real Estate Specialist

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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