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November Condo Sales Soar While Home Sales Slow

Ho’olei 99-6 listed by the Sayles Team

According to the November Maui real estate report released by the Realtors Association of Maui, condo sales in November increased sharply by 17% compared to the same last year. The Maui single family home market saw decreased sales number and prices.

November Maui Home Sales

Wailea Golf Estates: 111 Manalo Place Listed by the Sayles Team

Compared to the same time last year, median prices for homes and the number of homes sold slumped. November 2019 saw a median sold price decrease of 1.4% to $730,000, down from $740,398 in November 2018. Those numbers reflect 71 homes sold, 6.6% less than last year.

Sales from the start of 2019 reflect a different narrative. Overall year to date data indicates homes posted a positive upward trend compared to 2018. YTD, the median price for a home in 2019 was $743,000, up 4.3% to $712,175. The number of homes sold through the end of November was 1451, a 2% increase from 2018.

November Maui Condo Sales

Makena Surf C205 listed by the Sayles Team

Condo sales in November saw 140 units sold on Maui in November, a whopping 16.7% increase from the 120 units that sold in November 2018. The median price of the units sold saw a 5.9% decline to $497,550, from $528,650.

While November numbers were up, overall YTD numbers were down 3.5% to 1482 units sold through the end of November. The median price of a condo is up 3.1% from last year to $515,000.

Contact a Maui Real Estate and Lifestyle Specialist

Hoolei 52-6 ocean views

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

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