Maui Real Estate Resources
The number of sales for homes and condos on Maui is down significantly over the last few months which is due, in part, to a dramatic drop in the number of new listings coming on the market for sale. While prices may have plateaued, they have not really gone down the past several months because […]
2021 and 2022 were two of the most epic years the Maui real estate industry has seen in a very long time. There was an unprecedented rise in property values as well as some of the lowest mortgage interest rates in history. In many ways, the gains of just the last two years is comparable […]
The Maui real estate market in December 2022 remained active, with similar levels of sales and median prices as seen in previous months. This suggests that the market has maintained its steady pace, despite some challenges such as rising mortgage rates and a decline in consumer confidence. However, it’s worth noting that the median sales […]
Inflation is on everyone’s minds these days which is why it’s always great to learn about new ways to keep costs down. Here’s some information on two different property tax exemptions that can potentially save you money if you own a home or condo here on Maui. The tax relief programs available for homeowners in the […]
Combined property sales across Maui County continued to decline last month, with only 145 transactions in all of November. We aren’t quite in that definitive buyers market yet, however, as we touched on last month in October’s report. In fact, even with slowing sales, the general lack of new inventory has helped maintain a couple […]
Maui’s real estate market remains relatively unchanged month over month, as buyers and sellers remain at a standstill. Compared to October 2021, total sales have decreased 30% for both single-family homes as well as condos. Yet, over the same time frame, median sales prices have still increased, to $1M and $800K respectively. With the number […]
Looking at this most recent year-over-year data, it’s clear the market has shifted. Most notably is the overall lack of new properties listed for sale island-wide, with only 80 single family homes and 66 condos listed in the last month. This overall scarcity may have lead to prices bouncing back up. The median sales price […]
With the robust real estate market we’ve had on Maui over the past several years, developers benefited from very high demand from buyers wanting new construction. In the name of fairness, lotteries for these developments were initiated for interested parties. It was a seller’s market, to say the least. Hopeful prospects were literally lining up for […]
There’s been a major shift in the Maui real estate market the past few months. In general it’s been cooling down, with considerably less buyer demand compared to the first quarter of 2022. With recent federal interest rate hikes, an increasingly volatile stock market, and the war in Ukraine, many of our buyers have held a “wait […]
Maintaining recent local and national real estate trends, Maui’s market continues to find its balance. Most notably, the median sales price of single family homes slipped below the $1 million mark for the first time since October 2021. On the other hand, the condominium sector stayed hot, with a 27% increase in sales price compared […]
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