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 […]
Category Archives: Market Insights
Navigating the Maui Real Estate Correction
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 […]
August 2022 Maui Real Estate Report
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 […]
Home buyers feel empowered to negotiate in shifting market
There was a recent time in the market when Maui home buyers had to wonder how much above list price they would have to pay in order to buy their dream home. Now, recent statistics show that the market has shifted and an increasing number home sales are closing below the seller’s list price. Negotiation […]
July 2022 Maui Real Estate Report
The Maui real estate market is finally showing signs of a “return to normal”, as median sales prices have essentially leveled off of June’s record highs. However, even as prices lowered into July, they remain 10% higher for condos and 5% higher for single family homes, compared to 12 months ago. While I don’t have […]
Number of Wailea condos for sale is highest in 14 months
The number of active listings on the Maui MLS for Wailea condos just reached 25 which is the highest inventory we’ve seen since May 2021. This is great news for buyers who have been waiting for the right signal in the market and we’re here with all the info on Wailea communities with new listings […]
July 2022 Maui Real Estate Market Update
In Hawaii we often use the maxim “no rain, no rainbows” to remember that the most beautiful moments come from challenging times. Despite the noticeable decrease in number of sales for condos and homes on Maui, there are still many bright spots in our market which give us optimism. Most notably, June sales still show […]
June 2022 Maui Real Estate Market Update
Recent information from the REALTORS Association of Maui for May show a changing real estate market indicated by fewer transactions being done across the island. This is especially true for the resort areas of West Maui and South Maui. We have felt the pace of our business slow down tremendously over the past several weeks. Prior to […]
April 2022 Maui Real Estate Update
How high can the Maui real estate market go? Last month was another record for the Valley Isle as the median sales prices reach new highs for both single-family homes and condos. While the number of total sales remained steady, the declining number of new listings continues to put pressure on an already tight housing […]
Maui Vacation Condo Values Since 2020
Maui real estate has experienced an astronomical rise over the last 2 years! Not only has low supply contributed to the appreciation, but has also finally secured its place on the international stage of luxury properties with the Jeff Bezos’ Makena purchase, a record $45mm Keawakapu sale, and $58mm Kapalua estate hitting the market this […]