The Maui real estate market held strong in July 2021, as all key market indicators remained relatively flat from previous months’ reporting, indicating a continuation of current conditions. Overall, inventory remains the biggest factor weighing on the market as there are only 2.3 months of remaining inventory for single-family homes and less than 1 month for condos.
July Market Overview
Maui Luxury Market Overview
No surprise here to see the Wailea and Makena real estate dominate the market place with 50%+ more transaction to the next closest market place. In terms of luxury properties, the Kapalua market is one of the few places that still offer strong value buys for those looking to pick up resort properties on Maui. You will notice blanks in some regions of Maui as those regions in particular are not known for luxury properties.
July Takeaways
- The White House has taken additional measures to help struggling homeowners facing foreclosure, including loan adjustments and payment reductions.
- For those who are not able to resume payments, HUD will offer lenders the ability to provide all eligible borrowers with a 25% principal and interest reduction.
- Even with renewed home seller interest, inventory overall remains 18.8% lower than a year ago, according to NAR.
Contact a Maui Real Estate and Lifestyle 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)
808-280-6532