What’s happening in the Maui Real Estate market?
After COVID-19 struck in the early part of March, almost every sector in the economy experienced a sharp fall in numbers. Nevertheless, home sale recordings increased 2% since April 2020, now accounting for 40% of the total transactions on Maui – condo sales at 54% and land sales at 6%. Pending sales also continue to increase since April 2020.
While the market has softened vs. 2019, the median home price ($766,925) and condo price ($565,000) both increased, 3% and 9%, respectively. In Maui County, Wailuku is the top area with the highest total dollar volume of home sales and Kīhei has the highest total dollar volume of condo sales.
ARTICLE CONTINUES BELOW AD ARTICLE CONTINUES BELOW AD South Maui District continues to be where most transactions record (32%). Wailuku, Sprecklsville/Kū’au/Pā’ia, and Lanai are the only areas in Maui County for 2020 that has had more home sales vs. 2019. However, Maui condo sales are down 26% with only Mā’alaea, Kā’anapali, Lahaina and Lāna’i showing increase in recordings.
**This information is presented for informational purposes only. It is not our intention to provide any legal, financial or business advice. For specific information, please consult a qualified advisor.
Reta Chin
AVP, Strategic Business Development
Fidelity National Title & Escrow:
ARTICLE CONTINUES BELOW AD Reta Chin is a contributing writer to Maui Now. Reta’s experience in the Maui escrow/title/real estate industry dates back to 1990. Named Affiliate of the Year by the Realtors Association in 2000 and she’s also been recognized for sales awards in her career. Fidelity National Title is recognized as the leader in the industry, ranked 303 in the Fortune 500. Fidelity is the highest rated and largest title insurance company, underwriting one of three policies, nationwide. One of the offices is located at the Shops at Wailea, at 3750 Wailea Alanui, Suite 22EW in Wailea. You can Follow Reta on IG @RetaChinFidelity.
Offices of Fidelity National Title & Escrow are available in: Kahului (808) 893-0556; Lahaina (808) 661-4960; Upcountry (808) 573-0110; and Wailea (808) 891-2404.
*All information deemed reliable but not guaranteed, and should not be relied upon without independent verification. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any misprints, typographical errors, or misinformation and shall be held totally harmless. Listing(s) information is provided by the REALTORS Association of Maui Inc (C) and is for consumer’s personal, non-commercial use. Information on this site was last updated (insert publication date). This is not intended as legal or tax advice, and readers are urged to consult with the appropriate professionals to determine the accuracy of information.
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