Selling a home on Maui can be a complex process and there are many mistakes that homeowners can make that may end up costing them time, money or both. One of our core values at the Sayles Team is to Focus on the Solution. We have learned over our decades of professionally selling homes on […]
Category Archives: Market Insights
January 2023 Maui Real Estate Report
Following pace with the country at large, Maui’s real estate market got off to a relatively slow start in 2023. And forecasts for the future remain cloudy at best. Total sales were down 32% for single family homes–and 65% for condos–compared to January last year. Yet, if you’ve been following this report, these numbers specifically […]
Low inventory on Maui – top reasons why owners aren’t selling
2023 Maui Real Estate Forecast
December 2022 Maui Real Estate Report
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 […]
Tax relief on Maui – exemptions for homeowners and long term rentals
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 […]
November 2022 Maui Real Estate Report
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 […]
October 2022 Maui Real Estate Report
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 […]
September 2022 Maui Real Estate Report
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 […]
New home development in upcountry Maui – Hokuula in Haliimaile
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 […]