#Maui Home Sale

August 2024 saw Maui’s housing market exhibit contrasting trends, with single-family homes experiencing both a rise in sales and an increase in median prices, according to the latest data from the Realtors Association of Maui. The median sales price for single-family homes increased by 10.4% compared to August 2023, reaching $1,325,000, indicating continued demand at higher price points. Meanwhile, condominium sales dropped by 34.7%, though the median price for condos surged to $1,000,000, a 33.3% increase.

Homebuyers on Maui closed on more single-family homes and condominiums in April, according to the latest resale figures from the Realtors Association of Maui. The median sales prices for both categories also saw notable increases:  single-family homes rose by 16.9% to $1.3 million, while condominiums climbed by 8.4% to $962,500, compared to April 2023.

Median Sales Price decreased 19.6% to $1,007,000 for single family homes but increased 21.9% to $984,450 for condominium homes, according to the latest report released by the Realtors Association of Maui for June 2023.

Although Maui County’s real estate market is facing uncharted territory after the frenzied homebuying of the pandemic, Realtors Association of Maui said signs point to slightly softer prices heading into the new year. Low inventory, though, will keep home prices relatively high, and potential buyers shouldn’t expect costs to plummet to pre-pandemic numbers.

Maui’s median sales price for single family homes sold in September rose to $1,025,000, up 3.0% from the year prior, according to the latest data released by the Realtors Association of Maui.

The Maui real estate market started the new year off with the median price for single-family homes rising to a record $1,160,000 – the previous high was set in June 2021 at $1,105,000.

The number of homes in Hawaiʻi purchased by Mainland buyers in the first half of 2021 was more than double the sales in the first half of 2020 and more than 50% higher than during the first half of 2019, according to UHERO.

The median sales price for single-family homes remained over $1 million in July at $1.05M, down only slightly from an island-wide record high of June 2021 ($1,117,500).

SPONSORED: Here on Maui, even in the midst of all these changes and with the mandatory 14-day quarantine – which has basically cut off tourists from visiting –  the Maui real estate market is in a U recovery and gaining momentum.

The report notes that while home sales and new construction fell sharply during the onset of the pandemic, both have rebounded aggressively, fueled by a combination of low interest rates, increased demand and a growing preference for low-density housing.

August 2020, was the first month since March 2020, where the numbers of properties placed in escrow and the number of properties recorded exceeded the totals from that same month a year ago.

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. 

Maui has several areas with oceanfront homes: West Maui, South Maui, North Shore, East Maui and Central Maui.  As you will see below, the home prices and activity tend to be highest in the resort areas of West and South Maui, and along the North Shore.

The first complete month of high season is done and home sales are up 33%; condo sales down 2% and land sales down 47%.

Maui’s median home price soared to $819,500, according to new data released by the Realtors Association of Maui.

Lahaina in West Maui was ranked #1; and Kīhei in South Maui was ranked #8 on the list compiled by the personal-finance website WalletHub.

Home sales on Maui were down in January from the month before with 65 homes sold for a median price of $655,000, according to the Realtors Association of Maui.

Home sales on Maui were down in September from both month before and year before levels with a total of 82 homes sold for a median price of $667,500, according to new data released by the Realtors Association of Maui.

Kamalani, a new residential community in north Kīhei, will begin accepting sales applications for its first neighborhood on Sunday, April 17, 2016.

The Realtors Association of Maui is launching a new information program to boost first time homebuyer sales on the island. In making the announcement today, Bob Lightbourn, president of the Realtors Association of Maui said, “Current market conditions includes significantly lower home prices, great mortgage programs for working families, and special incentives like the $8,000 […]