The recent uptick in sales activity was short-lived, as there were 52 fewer sales in April than in March 2023. Furthermore, year over year, total sales are down 46%. Even so, while sales activity has slowed, median sales prices are holding strong at $1,112,500 for single-family homes and $877,000 for Maui condos. Combined, all property […]
Category Archives: Upcountry Maui Real Estate
March 2023 Maui Real Estate Report
Welcome back to your monthly Maui Real Estate Report, where the landscape has mostly plateaued compared to both last month as well as year over year. Overall, Maui’s real estate market showed some more life, as total sales for single-family homes, condos, and vacant land jumped to 206 total transactions, up significantly from the recent […]
February 2023 Maui Real Estate Report
Welcome back to our monthly series of Maui Real Estate Reports, where we help you crunch the important numbers and better process the data and market trends. Let’s jump right to it! Maui’s overall real estate market held previous levels, as slower sales activity continued in February. While many speculate as to the direction of […]
Top 3 Dog Parks on Maui
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 […]
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 […]
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 […]
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 […]
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 […]
Maui’s Best New Brewery Celebrates 1st Anniversary
An Inaugural Party, Mahalo Aleworks Turns One! It’s hard to believe it’s already been a year. Upcountry Maui‘s favorite brewery, Mahalo Aleworks, is throwing a first birthday bash starting today, September 1st. There will be five straight days of official celebrations; highlighted by five different live musical acts, commemorative anniversary merchandise, tasty food specials from […]