Breaking News Alerts

We'd like to send you alerts when breaking news happens. Hide this Message

Press "Allow" to Activate

Search
Aloha, !
My Profile | Logout
Aloha, Guest!
Login | Register
  • News Topics
    • Front Page
    • Maui News
    • 2022 Election
    • Business
    • Food & Dining
    • Arts & Entertainment
    • Real Estate
    • Crime Statistics
    • Local Sports
  • Weather & Surf
    • Weather Forecast
    • Surf Report
  • Lifestyle & Culture
    • Maui Arts & Entertainment
    • Food and Dining
    • On the Menu
    • Real Estate
    • Obituaries
  • Opinion
    • Letters to the Editor
    • Maui Discussion
    • Reader Survey
  • Events Calendar
    • Upcoming Maui Events
    • Map of Events
    • Post an Event
  • Job Listings
    • Maui Jobs
    • Recent Job Listings
    • Job Alerts
    • Post a Job
  • Special Sections
    • IMUA Discovery Garden
    • Medical Minute
  • Video
    • Latest Maui Videos
  • × Close Menu
  • About Maui Now
  • Newsletter
  • Contact Information
  • Get the App
  • Advertising
  • Meet the Team
Choose Your Island:
  • Kauai
  • Maui
  • Big Island
Copyright © 2023 Pacific Media Group
All Rights Reserved

Privacy Policy | About Our Ads

Maui Now
Search
Aloha, !
My Profile | Logout
Aloha, Guest!
Login | Register
    Maui Now
  • Sections
  • Maui News
  • Business
  • Weather
  • Entertainment
  • Election
  • Real Estate
  • Jobs
  • Obituaries
  • Opinion

Real Estate

Maui condos hit record high $730,500; median for homes at $1.1M

March 3, 2022, 5:13 PM HST
* Updated March 4, 9:27 AM
Play
Listen to this Article
1 minute
Loading Audio... Article will play after ad...
Playing in :00
A
A
A

View from Nāpili condo. PC: Wendy Osher (October 2020)

Maui condominium sales spiked to a new record of $730,500 last month — and almost half sold above list price, recent reports show. 

Meanwhile, February’s single-family home median sales price of $1.1 million rivaled the historic high of $1.16 million set in January, according to Realtors Association of Maui data published in a Coldwell Banker Island Properties report Wednesday. 

Fueled by low inventory, 41% of condos in February were sold above list price. A total of 160 units sold.  

ARTICLE CONTINUES BELOW AD
ARTICLE CONTINUES BELOW AD

Buyers in resort areas of Kīhei, Kapalua and Lahaina should move quickly because days on the market for the areas are below the island median, Coldwell’s report said. Year over year, nearly all market areas saw an increase in condo sales prices by 15% or more.  

Maui County’s median for condos reached an all-time high in January 2009, when it hit $805,000, according to RAM archives. However, an anomaly that month impacted the median spike: Scores of Honua Kai luxury condos were sold, Coldwell’s media director Dan Richards told Maui Now. 

Last month, 85 single-family homes sold with only 108 new listings. In recent months, market activity shifted from West Maui to Central Maui and the north shore. Sales dipped in South Maui, but prices rose 24% year over year, according to Coldwell’s report. 

ARTICLE CONTINUES BELOW AD

Maui County single-family median breached the $1 million mark for the first time last May and recorded six months last year at or over that threshold. 

Despite rising mortgage interest rates, the local market remains competitive. 

Properties are selling faster than ever with a median days on market of only 73 days, as months of remaining inventory dipped to 1.5 months, the Coldwell report said. 

Source: The following data was provided by REALTORS® Association of Maui as of 2/28/2022 and is subject to change.
Maui Jobs View All Jobs Chevron Forward

Kā‘anapali Beach Hotel
Front Office Agent
West Maui · 3 weeks ago
Andaz Beach Crew Maui
Beach Attendant and Ocean Sports
South Maui · 6 days ago

Valley Isle Home Care
Care Team Member
Central Maui · 3 weeks ago

Hele
Hele Customer Service
Central Maui · 2 days ago
Looking for locally based talent?
Post a Job Listing

Sponsored Content

Subscribe to our Newsletter

Stay in-the-know with daily or weekly
headlines delivered straight to your inbox.
Cancel
×

Related Articles

  • Maui median sales prices hit another all-time high…
    July 7, 2022
  • Median Sales Price for Maui Condos Increases 29% to…
    December 10, 2021
  • Maui’s Real Estate Market starts 2022 with new…
    February 2, 2022
  • Maui median home sales price stays near record at…
    June 5, 2022
  • Maui County condo median sales price sets all-time…
    March 8, 2023
  • Median Sales Price for Single Family Home on Maui…
    May 7, 2021
Make the most of your Maui vacation with these top-rated activities: Maui Top 20: Maui Visitor & Tourism Information

Comments

This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments
View All Events: List Circle List Map
UPCOMING FEATURED EVENTS:
Add Post an Event More Events Chevron Forward
Trending Now
1Striking Upw Workers Reject Latest Contract Offer From Maui Health 2Maui Land Pineapple Announces Leadership Transition 3Mayor Richard Bissen Jr Identifies Priorities In His First State Of The County Address 4Shark Warning Signs Removed After Apparent Shark Bite Incident On Hawaiʻi Island 5The Adventure Park On Maui Re Opens With New Look And Management 6Sba Announces Hawaiʻis 2023 Top Small Business Winners
Arrow UpBack to Top
  • Maui News
  • Maui Business
  • Weather
  • Entertainment
  • Maui Surf
  • Maui Sports
  • COVID-19 Updates
  • Crime Statistics
  • Letters to the Editor
  • Maui Activities
  • Maui Discussion
  • Food and Dining
  • Real Estate
  • Events
  • What’s Open
  • Maui Jobs
  • About Maui Now
  • Contact Information
  • About Our Ads
  • App
  • Newsletter
  • Terms of Service

Copyright © 2023. Pacific Media Group.
All Rights Reserved.
Privacy Policy | About Our Ads

Facebook YouTube Twitter Instagram