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Maui Real Estate Resources

The Maui Real Estate Blog

September 2021 Maui Real Estate Market Report

Overall, the Maui real estate market remained competitive in September, even as the median sales price for a single family homes dipped below $1 million for the first int he last four months to $985,000. Meanwhile, the median price for condos increased island-wide, up 12% from last month to $728,125. Demand indicators remain strong as a result of limited inventory and low interest rates. Leading market areas include South Maui, West Maui and the North shore.

Single-Family Home Transactions

September 2021 vs. Percent Change Over Last Year

Compared to one year ago, the median single-family home price on Maui increased 25.9% while the number of sales and new listings remained flat island-wide in September 2021. Over one-third of hokes sold above asking price and collectively across Maui, there are only 2.48 months of remaining inventory, and indicator of a seller’s market. Days on market was a brisk 108 days in September, a 10% decline from the same period last year and 6 days faster than last month.

Condo Transactions

September 2021 vs. Percent Change Over Last Year

Historically the condo market has lagged behind the single-family home market, As buyers being to feel priced out of homes, they turn to condos and as a result, it is expected to see increases in condo demand and pricing. We experienced just this in September as there were double the amount of condo sales (107%) and a 48.8% increase in median sales priced when compared to September 2020. Month over month, the median condo sales price increased by $78,125.

Luxury Market Update

September Takeaways

There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity typically slows as children return to school. As inventory increases, competition for homes may soften, and could even bring a moderation in sales prices, which, after 114 months of year-over-year gains, would be music to the ears of homebuyers throughout the country.

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.

We are also on-site real estate team at the Ho’olei villas, we are open from 9AM-5PM daily, so feel free to stop by anytime. Also, see a full list of Wailea condos for sale and Makena condos for sale.

Aloha,

Anthony Sayles R(S)

Anthony@Danosayles.com 

808-280-6532

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