Maui Real Estate Blog, News, Sales Trends, & More

You’ll find our Maui Blog to be a wealth of information, covering everything from homes, condos, and land for sale, local market statistics, average sale prices, median sale prices, community events, restaurants, beaches, and things to do on Maui. We love Maui and want to share our knowledge and experience. Please reach out if you have any questions at all. We’d love to talk with you!

Maui Real Estate News and Trends

Maui Real Estate News and Trends

 

Maui Hawaii Homes, Land, and Condos For Sale

West Maui Homes, Land, and Condos For Sale

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Upcountry Maui Homes, Land, and Condos For Sale

North Shore Maui Homes, Land, and Condos For Sale

East Maui Homes, Land, and Condos For Sale

 

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Maui - Things To Do

West Maui things to do

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Central Maui things to do

Upcountry Maui things to do

North Shore Maui things to do

East Maui things to do

 

July 8, 2020

Maui Hawaii Real Estate Market Report For Land July 2020

Maui Land Report For July, 2020:

This is the July, 2020 market report for land sold on Maui Hawaii during June, 2020.

Maui Land Sales June 2020: In June 8 parcels of land sold on Maui with a median price of $463,750. At the end of June there were 276 parcels of land for sale on Maui. Kula/Ulupalakua/Kanaio had the highest number of sold vacant parcels with 3 sold properties during June. Makawao/Olinda/Haliimaile had the highest median sale price for sold vacant land on Maui with a median sale price of $560,000 in June. One parcel of land sold in Makawao/Olinda/Haliimaile during June.

Maui Land Sales Year To Date: Through June, 70 total parcels of land have sold on Maui with a median price of $404,500 and an average price of $525,320. The median sale price has decreased 19.1% during 2020. The average sale price has decreased 43.5% during 2020. Kula/Ulupalakua/Kanaio and Haiku have the highest number of sold land during 2020 with 17 total sales while Lahaina has the highest median sale price for sold land with a median sale price of $1,504,500 during 2020. Maui land sales are down 23.1% compared to the same period through June 2019

Maui Land Sales 2019: During 2019 176 parcels of land sold on Maui with a median price of $500,000 and an average price of $929,401. The median sale price for land on Maui increased 3.6% during 2019. Haiku had the highest number of sold vacant land during 2019 with 39 total sales while Lahaina had the highest median sale price for sold vacant land with a median sale price of $1,504,500 during 2019.

*COVID-19 will likely have an impact on the Maui Real Estate Market. It is too early to tell how it may affect the local  market for land. With Real Estate Agents considered nonessential throughout Maui County through parts of March and April no showings of land were allowed. This has affected pending land sales for March and April and closed sales starting in April, 2020. We have a decrease in sold land on Maui starting in May. It may take another 30 to 60 days to see the affect COVID-19 will have on the Maui land sales and land value.

**We are seeing decreased pending sales and recents sales for both homes and condominiums on Maui. We will likely see a similar trend with land. 

Maui Land Sales June, 2020:

Maui sales activity for land June 2020. Maui land Realtor Jesse Coffey.

Maui Land Sales Year To Date Through June, 2020:

Maui sales activity for land sold through June 2020. Maui land Realtor Jesse Coffey.

 

Maui Land For Sale

July 8, 2020

Maui Hawaii Real Estate Market Report For Condominiums July, 2020

Maui Condo Report For July 2020:

This is the July, 2020 condominium market report for condos sold on Maui Hawaii through June, 2020.

In June 67 condominiums sold on Maui with a median price of $503,000 and an average price of $794,081. At the end of June there were 590 condominiums for sale on Maui which is approximately 5.5 months of inventory. Kihei had the highest number of sold condos with 19 in June while Wailea/Makena had the highest median sale price for sold condos with a median sale price of $2,782,500 in June.

*COVID-19 continues to impact the Maui Real Estate Market. It is too early to tell how it may affect the local housing market longterm. Over the last three months we have seen home and condominium sales decrease significantly. June was the first time we saw median prices decrease for both homes and condos. If this trend continues we may see home and condo values flatten and possibly decrease. With Real Estate Agents considered nonessential throughout Maui County through parts of March and April no showings of homes or condominiums were allowed. This affected pending sales for March and April, 2020 and closed sales starting in April and May, 2020. We have seen an increase in condos available for sale. Trends are just now starting to show the affect COVID has had on Maui real estate sales. These same trends may also be showing some softening in condo values Maui. 

**Condominium sales on Maui decreased significantly for the third consecutive month compared to what we would normally see. Median condo values decreased in June for the first time since COVID. Maui condos are often purchased as second properties or investment properties. Reduced flights and required quarantine has prevented many buyers from being able to travel to Maui to view properties. Concerns over the economy likely has affected both pending and recent condominium sales on Maui. There was a slight increase in both sales and pending sales in June, but overall condo sales activity on Maui is way down compared to normal. Condo inventory is also up with 5.5 months of inventory at this time. During June 2019 there was 4 months of inventory. With the amount of inventory and reduced demand we are on the cusp of seeing a buyers market for Maui condominiums. 

Maui Condo Sales Year To Date: Through May 630 total condos have sold on Maui with a median price of $569,500 and an average price of $769,806. This includes both fee simple and leasehold condos. The median sale price has increased 10.5% during 2020. The average sale price has increased 9.8% during 2020. Kihei has the highest number of sold condos during 2020 with 216 total sales while Wailea/Makena has the highest median sale price for sold condos with a median sale price of $1,100,000 during 2020. The average Days On Market for sold condominiums on Maui is 149 during 2020. Maui condos have sold for an average of 97.5% of list price during 2020. Maui condo sales are down 22.3% compared to the same period through June 2019

2019 Maui Condo Sales: 1,606 total condos sold on Maui with a median price of $515,500 and an average price of $700,943. This includes both fee simple and leasehold condos. The median sale price increased 3.1% during 2019. The average sale price decreased 3.1% during 2019. Kihei had the highest number of sold condos during 2019 with 643 total sales while Wailea/Makena had the highest median sale price for sold condos with a median sale price of $1,199,000 during 2019. 

Maui Fee Simple Condo Sales Year To Date: Through June, 587 total fee simple condos have sold on Maui with a median price of $595,000 and an average price of $801,220. The median sale price for fee simple condos has increased 13.3% during 2020. The average sale price for fee simple condos has increased 11.7% during 2020. Kihei has the highest number of sold fee simple condos through June 2020 with 192 total sales while Kaanapali has the highest median sale price for sold fee simple condos with a median sale price of $1,679,500 through June 2020.

2019 Fee Simple Maui Condo Sales: 1,536 total fee simple condos sold on Maui with a median price of $525,000 and an average price of $720,007. The median sale price for fee simple condominiums increased 3.1% during 2019. The average sale price for fee simple condominiums decreased 3.1% during 2019. Kihei had the highest number of sold fee simple condos during 2019 with 637 total sales while Wailea/Makena had the highest median sale price for sold fee simple condos with a median sale price of $1,199,000 during 2019.

Maui Leasehold Condo Sales Year To Date: Through June, 43 total leasehold condos have sold on Maui with a median price of $289,000 and an average price of $340,965. Napili/Kahana/Honokowai has the highest number of sold leasehold condos through June 2020 with 18 total sales while Kaanapali has the highest median sale price for sold leasehold condos with a median sale price of $420,000 through June, 2020.

2019 Leasehold Maui Condo Sales: 70 total leasehold condos sold on Maui with a median price of $237,500 and an average price of $282,624. Napili/Kahana/Honokowai had the highest number of sold leasehold condos during 2019 with 37 total sales while Kihei had the highest median sale price for sold leasehold condos with a median sale price of $480,950 during 2019.

Maui Condo Sales June, 2020:

Maui sales activity for condominiums sold during June 2020. Maui condo Realtor Jesse Coffey.

Maui Condo Sales Year To Date Through June, 2020:

Maui sales activity for condominiums sold through June 2020. Maui condo Realtor Jesse Coffey.

Maui Fee Simple Condo Sales Year To Date Through June, 2020:

Maui sales activity for fee simple condominiums sold through June 2020. Maui condo Realtor Jesse Coffey.

Maui Leasehold Condo Sales Year To Date Through June, 2020:

Maui sales activity for leasehold condominiums sold through June 2020. Maui condo Realtor Jesse Coffey.

Maui Condo Search

July 8, 2020

Maui Hawaii Real Estate Market Report For Single Family Homes July, 2020

Maui Single Family Home Report For June, 2020:

This is the July, 2020 real estate market report for single family homes sold on Maui Hawaii through June, 2020.

In June 71 single family homes sold on Maui with a median price of $761,500 and an average price of $969,877. At the end of June there were 403 single family homes for sale on Maui which is approximately 4.7 months of inventory. Wailuku had the highest number of sold homes with 20 in June while Kapalua had the highest median sale price for sold homes with a median sale price of $3,850,000 in June. Only one home sold in Kapalua during June. 

Through June, 455 single family homes have sold on Maui with a median price of $765,173 and an average price of $1,053,814. The median sale price has increased 3.2% during 2020. The average sale price has decreased 2.6% during 2020. Wailuku has the highest number of sold homes with 109 in 2020. Kapalua has the highest median sale price for sold homes with a median sale price of $3,150,000 in 2020. The average Days On Market for sold homes on Maui is 144 during 2020. Maui homes are selling for an average of 97.1% of list price during 2020. Maui single family home sales are down 15.6% compared to the same period through June 2019.

2019 Maui Single Family Homes: 1,117 single family homes sold on Maui with a median price of $741,355 and an average price of $1,081,560. The median sale price increased 4.4% during 2019. The average sale price increased 5.7% during 2019. Wailuku had the highest number of sold homes during 2019 with 248 total sales while Kapalua had the highest median sale price for sold homes with a median sale price of $2,550,000 through during 2019. The average Days On Market for sold homes during 2019 was 133 days. Homes sold for an average of 96.7% of list price during 2019.

*It is common for home prices to increase this time of year due to it being peak season for Maui. This year is very different, but home values have continued to increase.

**Home sales on Maui increased in June compared to May, but are still down over 20% from June of 2019. Median home values have not decreased at this time. Inventory levels are slowly decreasing which is likely helping to keep home values stable. Concerns over the economy likely has affected both pending and recent home sales on Maui, but both home sales and pending sales rebounded partially in June. Over the past 30-45 days I have noticed a large increase of new listings of single family homes priced under $700,000. These may be homeowners who need to sell and have priced their homes below market value for a quick sale. If this is the case, we could possibly see home values decrease until the local economy starts to recover and residents are able to go back to work. If home values are decreasing we should have the data within 30-60 days.  

***COVID-19 continues to impact the Maui Real Estate Market. It is too early to tell how it may affect the local housing market longterm. Over the last three months we have seen home and condominium sales decrease significantly. June was the first time we saw median prices decrease for both homes and condos. If this trend continues we may see home and condo values flatten and possibly decrease. With Real Estate Agents considered nonessential throughout Maui County through parts of March and April no showings of homes or condominiums were allowed. This affected pending sales for March and April, 2020 and closed sales starting in April and May, 2020. We have seen a decrease in new listing activity as well as an increase in listings being taken off the market temporarily or canceled. Trends are just now starting to show the affect COVID has had on Maui real estate sales. These same trends may also be showing some softening in condo values and possibly home values on Maui. 

Maui Home Sales June, 2020:

Maui Single Family home sales June 2020.

Maui Home Sales Year To Date Through June, 2020:

Maui Hawaii single family home sale statistics through June 2020.

Maui Home Search

July 6, 2020

Maui Hawaii Real Estate Market Report July, 2020

Here are the island wide Maui sales stats for homes and condos for July, 2020. The sales stats are for homes and condominiums sold on Maui through June, 2020. The amount of single family homes that sold in June increased significantly compared to May, but is still 20% less than the amount of homes that sold during June 2019. During June the median sale price for homes decreased compared to May. The amount of condominiums that sold in June increased compared to May. Although we saw an increase in condo sales in June the amount of sales was 45.5% lower than June 2019. During June the median sale price for condos decreased compared to May. There was a little bit of a rebound in sales activity in June for both homes and condos. Pending sales for both homes and condos on Maui increased in June as well. This may be a sign that buyer concerns are decreasing.

*COVID-19 continues to impact the Maui Real Estate Market. It is too early to tell how it may affect the local housing market longterm. Over the last three months we have seen home and condominium sales decrease significantly. June was the first time we saw median prices decrease for both homes and condos. If this trend continues we may see home and condo values flatten and possibly decrease. With Real Estate Agents considered nonessential throughout Maui County through parts of March and April no showings of homes or condominiums were allowed. This affected pending sales for March and April, 2020 and closed sales starting in April and May, 2020. We have seen a decrease in new listing activity as well as an increase in listings being taken off the market temporarily or canceled. Trends are just now starting to show the affect COVID has had on Maui real estate sales. These same trends may also be showing some softening in condo values and possibly home values on Maui. 

Single Family Homes:

In June 71 single family homes sold with a median price of $761,500 and an average price of $969,877. At the end of June there were 403 single family homes for sale on Maui which is approximately 4.7 months of inventory.

Through June 455 single family homes have sold with a median price of $765,173 and an average price of $1,053,814. The median sale price has increased 3.2% during 2020. The average sale price has decreased 2.6% during 2020. The average Days On Market for sold homes on Maui is 144 during 2020. Maui homes are selling for an average of 97.1% of list price during 2020.

2019 Home Sales: 1,117 single family homes sold with a median price of $741,355 and an average price of $1,081,560. The median sale price increased 4.4% during 2019. The average sale price increased 5.4% during 2019. The average Days On Market for sold homes on Maui was 133 during 2019. Maui homes sold for an average of 96.7% of list price during 2019.

**Home sales on Maui decreased significantly in May compared to April and then partially rebounded in June. Median home values have not decreased at this time. Inventory levels are slowly decreasing which is likely helping to keep home values stable. Concerns over the economy likely has affected both pending and recent home sales on Maui, but both home sales and pending sales rebounded partially in June. Over the past 30-45 days I have noticed a large increase of new listings of single family homes priced under $700,000. These may be homeowners who need to sell and have priced their homes below market value for a quick sale. If this is the case, we could possibly see home values decrease until the local economy starts to recover and residents are able to go back to work. If home values are decreasing we should have the data within 30-60 days.  

Condominiums:

In June 67 condominiums sold with a median price of $503,000 and an average price of $794,081. At the end of June there were 590 condominiums for sale on Maui which is approximately 5.5 months of inventory.

Through June 630 condominiums have sold with a median price of $569,500 and an average price of $769,806. The median sale price has increased 10.5% during 2020. The average sale price has increased 9.8% during 2020. The average Days On Market for sold condominiums on Maui is 149 during 2020. Maui condos have sold for an average of 97.5% of list price during 2020.

2019 Condo Sales: 1,606 condominiums sold with a median price of $515,500 and an average price of $700,943. The median sale price increased 7.7% during 2019. The average sale price increased 3.1% during 2019. The average Days On Market for sold condominiums on Maui was 138 during 2019. Maui condos sold for an average of 97.5% of list price during 2019.

**Condominium sales on Maui decreased significantly for the third consecutive month compared to what we would normally see. Median condo values decreased in June for the first time since COVID. Maui condos are often purchased as second properties or investment properties. Reduced flights and required quarantine has prevented many buyers from being able to travel to Maui to view properties. Concerns over the economy likely has affected both pending and recent condominium sales on Maui. There was a slight increase in both sales and pending sales in June, but overall condo sales activity on Maui is way down compared to normal. Condo inventory is also up with 5.5 months of inventory at this time. During June 2019 there was 4 months of inventory. With the amount of inventory and reduced demand we are on the cusp of seeing a buyers market for Maui condominiums. 

Maui Hawaii home and condominium sales stats for June 2020.

Maui Real Estate Search

June 16, 2020

The 10 Least Expensive Condominiums For Sale On Maui June 2020

The ten least expensive fee simple condominiums for sale on Maui Hawaii June, 2020. These condos have list prices ranging from $101,900 to $185,000. All ten condos are located at the Harbor Lights condominium development in Kahului. Some of these condos are in need of updating and repairs. Others are in need of being fully remodeled. Several are updated and turnkey These condos can be great options for entry level buyers and investors. There are affordable condominiums for sale on Maui.

Please click the link below to view all the photos and detailed information about each property.

The Top 10 Least Expensive Condos Currently For Sale On Maui:

View the ten least expensive Leasehold condos currently for sale on Maui:

*Information for these properties has been provided by the Realtors Association Of Maui and the Paragon MLS which I am a member of. I am not the listing agent of these condos.*

June 16, 2020

The Least Expensive Condominium For Sale On Maui June 2020

The least expensive fee simple condominium for sale located on the beautiful island of Maui
Hawaii June 2020. This affordable condo is located on Central Maui in Kahului. It is located in
the Harbor Lights development. The condo is currently listed at $101,900 and features 2 bedrooms,
1.5 bathrooms, and is 787 square feet. Per MLS the condo was originally built in 1974 and there
is no indication of when it was last updated. The initial list price was $101,900. The condo has
been on the market for 1 day at the time of this post. 
Please click the link below to see more information and photos of this condominium.

The Least Expensive Fee Simple Condo Currently For Sale On Maui:

111 KAHULUI BEACH Unit D121, Kahului image

 

View the least expensive Leasehold Condo currently for sale on Maui:

*Information for this property has been provided by the Realtors Association Of Maui and the
Paragon MLS which I am a member of. I am not the listing agent of this condo.*
June 16, 2020

The 10 Least Expensive Homes For Sale On Maui June 2020

The ten least expensive homes for sale on Maui Hawaii June, 2020. These homes have list prices ranging from $260,000 to $450,000. Nine of the homes are located Upcountry in Makawao, Pukalani, and Kula. One of the homes is located on Central Maui in Wailuku. Many of the home are in need of updating and repairs. Others are in need of being fully remodeled or torn down. There are also several new constructions options Upcountry in Makawao and Pukalani. These homes can be great options for entry level buyers and investors. Some need cosmetic updates and others are fixers. There are affordable homes for sale on Maui if you are open to a property needing a little TLC.

Please click the link below to view all the photos and detailed information about each property.

The Top 10 Least Expensive Homes Currently For Sale On Maui:

 

The Top 10 Least Expensive Homes Currently For Sale On Maui:

*Information for these properties has been provided by the Realtors Association Of Maui and the Paragon MLS which I am a member of. I am not the listing agent of these homes.*

 

June 16, 2020

The Least Expensive Home For Sale On Maui June 2020

The least expensive home located for sale on the beautiful island of Maui Hawaii June, 2020.
This property is located on the slopes of Haleakala in Upcountry Maui in Kula. According to the
listing description it is located at 5,000 feet above see level above the Ulupalakua Country Store
and the Maui Winery. The home has views of South Maui. The home sits on 4.67 acres of land.
The home is owned outright and there is 1/6th interest in the land. The initial list price was
$260,000 and the home has been on the market for 15 days at the time of this post.
Please click the link below to see more information and photos of this home. 
June 10, 2020

The 10 Most Expensive Condominiums For Sale On Maui June 2020

The ten most expensive luxury condominiums for sale on Maui Hawaii June, 2020. These luxury condos have list prices ranging from $5.5M to $18M. Seven of the condos are located on South Maui in Makena and Wailea. Most are located at Wailea Point, one at Makena Surf, one at Makena Beach Villas, one at Maui Beach Place, and one at the Andaz Residences. The remaining three luxury condos are located on West Maui. Two at the Montage Residences Kapalua Bay and one at Paumana in Lahaina. There is no shortage of unique luxury properties on the beautiful island of Maui!

Please click the link below to view all the photos and detailed information about each property.

The Top 10 Most Expensive Condos Currently For Sale On Maui:

 

The Top 10 Most Expensive Condos Currently For Sale On Maui:

*Information for these properties has been provided by the Realtors Association Of Maui and the Paragon MLS which I am a member of. I am not the listing agent of these condos.*

 

 

 

 

June 10, 2020

The Most Expensive Condominium For Sale On Maui June 2020

The most expensive condominium located for sale on the beautiful island of Maui Hawaii June, 2020.
This luxury condo is located on the South Shore of Maui in Wailea at the Wailea Point development. The
amazing oceanfront condo is currently listed at $17,995,000 and features 3 bedrooms and 3 bathrooms
with stunning views. Per the MLS listing the condo was originally built in 1986 and remodeled in 2013.
The initial list price was $17,995,000. No price reductions have been completed at the time of this post. 
This condo has been on the market for 208 days at the time of this post.
The previous listing for this condo was canceled August 30, 2019 after 317 days on market. During the
317 days that the condo was previous listed it was reduced one time from $25,000,000 to $19,995,000.
Between February 5, 2016 and today the condo has been listed for sale five times with two different
Realtors. During this period the condo has been on the market a total of 1,273 days.
The current owners paid $8,000,000 in August, 2011.
Please click the link below to see more information and photos of this condominium.
*Information for this property has been provided by the Realtors Association Of Maui and the
Paragon MLS which I am a member of. I am not the listing agent of this condominium.*