As summer kicks in, May saw another prolific month in real estate. The median sales price of homes in Maui County has hit an historic mark of $1M. Thus making it the second-highest in the state as of last month. The further relaxation of COVID-19 restrictions in the state has made it so visitors can come in easier than ever. As our April update predicted, the selling market is as hot as can be, while the buyers market is undeniably competitive.
Maui Market Report Island Wide
May was another outstanding month for Maui real estate. In comparison to the other tremendous median sales prices during the month of April, May’s report has knocked the numbers out of the park. For the month of May, single-family homes sold for $1,019,000 and condos sold for $612,500. As the market is extremely sought after, the prediction for the following months is only upwards.
Luxury Transactions For the Month of May
Key Takeaways for Maui Real Estate May 2021
While market is susceptible to change, there is an eminent likeliness that demand from buyers will only increase. Limited housing and immensely competitive buyers do pose obstacles, however, in the grand scheme of things it has been a phenomenal month for real estate in Maui.
Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. I was born in South Maui 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.
Anthony Sayles R(S)