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

 

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East Maui Homes, Land, and Condos For Sale

 

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Maui - Things To Do

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Sept. 16, 2020

The 10 Least Expensive Condominiums For Sale On Maui September 2020

The ten least expensive fee simple condominiums for sale on Maui Hawaii September, 2020. These condos have list prices ranging from $155,000 to $279,000. Seven of the condos are located on Central Maui in Kahului and Wailuku. Five of the condominiums are located at the Harbor Lights development in Kahului. One of the condominiums is located at the Wailuku Manor development in Wailuku. One of the condominiums is located at the Puuone Hale Alii development in Wailuku. Two of the condominiums are located in Honokowai on West Maui. One of the condos is located at the Kaleialoha and the other at the Maui Lani Terraces. There is one condominium located in Kihei on South Maui. The Kihei condo is located at Kihei Manor. 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.*

Sept. 16, 2020

The Least Expensive Condominium For Sale On Maui September 2020

The least expensive fee simple condominium for sale located on the beautiful island of Maui
Hawaii September 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 $155,000 and features 2 bedroom,
1.5 bathrooms, and is 787 square feet. Per MLS the condo is sold as-is. There is
no indication of when it was last updated. The Harbor Lights development was built in 1974.
The initial list price was $162,000. The condo has been on the market for 384 days 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 B415, 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.*
Sept. 16, 2020

The 10 Least Expensive Homes For Sale On Maui September 2020

The ten least expensive homes for sale on Maui Hawaii September, 2020. These homes have list prices ranging from $260,000 to $539,000. Two of the homes are located Upcountry in Makawao and Kula. Five of the homes are located on Central Maui in Wailuku and Kahului. Two of the homes are on North Shore Maui in Haiku. One of the homes is on South Maui in Kihei. 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.*

Sept. 16, 2020

The Least Expensive Home For Sale On Maui September 2020

The least expensive home located for sale on the beautiful island of Maui Hawaii September, 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 home went pending
June 17th, was cancelled August 4th, and went back on the market August 10th. The initial list
price was $260,000 and the home has been on the market for 107 days at the time of this post. 
Please click the link below to see more information and photos of this home. 
Sept. 15, 2020

The 10 Most Expensive Condominiums For Sale On Maui September 2020

The ten most expensive luxury condominiums for sale on Maui Hawaii September, 2020. These luxury condos have list prices ranging from $5.6M to $10M. Six of the condos are located on South Maui in Makena and Wailea. Most are located at Wailea Point, one at Wailea Beach Villas, and one at the Andaz Residences. The remaining four luxury condos are located on West Maui. All four are at the Montage Residences Kapalua Bay in Kapalua. 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 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.*
Sept. 15, 2020

The Most Expensive Condominium For Sale On Maui September 2020

The most expensive condominium located for sale on the beautiful island of Maui Hawaii September 2020.
This luxury condo is located on the South Shore of Maui in Wailea at the oceanfront Andaz Residences
development. This amazing ocean view condo is currently listed at $9,950,000 and features 4 bedrooms
and 3 bathrooms with stunning views. Per the MLS listing the condo was originally built in 2013. The initial
list price was $10,800,000. There has been one price reduction which was completed September 3, 2020
for $850,000.  The current listing was added to MLS February 15, 2020. The condo has been on the
market for 213 days at the time of this post.
The previous listing for this condo was canceled February 14, 2020 after 344 days on market. During the
344 days that the condo was previous listed it was listed at $10,800,000. There were no price reductions
during the previous listing period. Between March 7, 2019 and today the condo has been listed for sale
two times with two different real estate brokerages. During this period the condo has been on the market
a total of 557 days.
The current owners paid $5,500,000 in August, 2017. During this time period median condo prices on
Maui have increased 27.9% and average condo prices have increased 16.7%. The current list price for
this condominium is 81% higher than what the seller paid a little over three years ago. Values for real 
estate can vary drastically based on the location. Looking hyper local at a particular development
or even at a particular building within a development we can see major differences with real estate
values. With this being stated, based on the average and median appreciation of condo values on Maui
it appears that the list price for this particular condominium might be high. I have not verified
comparable sales to confirm.
The previous owners paid $4,295,000 in February, 2016.
Please click the link below to see more information and photos of this condominium.
Sept. 13, 2020

The 10 Most Expensive Homes For Sale On Maui September 2020

The ten most expensive homes for sale on Maui Hawaii September, 2020. These luxury homes have list prices ranging from $12M to $37.5M. Six of the homes are located on South Maui in Kihei, Makena, and Wailea. Two of the homes, including the most expensive home for sale on Maui are located on West Maui. One is in Kapalua and one in Kaanapali. One home is located on Central Maui in Wailuku. One home is located Upcountry in Kula. 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 Homes Currently For Sale On Maui

Listing courtesy of Hawaii Life (W).

*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.*
Sept. 13, 2020

The Most Expensive Home For Sale On Maui September 2020

The most expensive home for sale located on the beautiful island of Maui Hawaii September, 2020.
This luxury estate is located on the Westside of Maui in Kapalua at 9 Bay Dr. The amazing oceanfront
home is currently listed at $37,500,000 and features 8 bedrooms and 8.5 bathrooms with stunning
views. Per MLS the home was originally built in 1996 and remodeled in 2017. The initial list price
was $37,500,000. The home has been on the market for 314 days at the time of this post. 
The previous listing expired November 4, 2019 and was with another broker. The previous listing was
active starting August 3, 2018 and after 458 days the listing expired on November 4, 2019. During the
entire 458 days that the home was previous listed it had a list price of $49,000,000. There were no price
adjustments during this listing period. In the expired MLS listing the remodel year is noted as 2016.
As of this post this home has been listed for sale 772 days out of the last 773 days.
Please click the link below to see more information and photos of this home. 
*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 home.*
Sept. 10, 2020

Maui Hawaii Real Estate Market Report For Land September 2020

Maui Land Report For September, 2020:

This is the September, 2020 market report for land sold on Maui Hawaii during August, 2020.

Maui Land Sales August 2020: In August 23 parcels of land sold on Maui with a median price of $540,000. At the end of August there were 261 parcels of land for sale on Maui. Haiku had the highest number of sold vacant parcels with 11 sold properties during August. Spreckelsville had the highest median sale price for sold vacant land on Maui with a median sale price of $1,800,000 in August. One parcel of land sold in Spreckelsville during August. 

Maui Land Sales Year To Date: Through August, 106 total parcels of land have sold on Maui with a median price of $426,778 and an average price of $729,189. The median sale price has decreased 14.7% during 2020. The average sale price has decreased 21.6% during 2020. Haiku has the highest number of sold land during 2020 with 28 total sales while Spreckelsville has the highest median sale price for sold land with a median sale price of $2,275,000 during 2020. Only one parcel of land has sold in Spreckelsville year to date. Maui land sales are down 16.5% compared to the same period through August 2019. More vacant lots sold during August 2020 than August 2019 which may show that sales activity is recovering.

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 August, 2020:

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

Maui Land Sales Year To Date Through August, 2020:

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

 

Maui Land For Sale

Sept. 10, 2020

Maui Hawaii Real Estate Market Report For Condominiums September, 2020

Maui Condo Report For September 2020:

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

In August 108 condominiums sold on Maui with a median price of $591,000 and an average price of $989,757. At the end of August there were 754 condominiums for sale on Maui which is approximately 7.5 months of inventory. Kihei had the highest number of sold condos with 32 in August while Kapalua had the highest median sale price for sold condos with a median sale price of $4,159,000 in August.

*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 five months we have seen home and condominium sales decrease significantly. Condos have been impacted more than homes. Maui condo values increased in August after two consecutive months of price decreases. Although Maui condo sales rebounded in August compared to June and July, sales were down 7.7% compared to August 2019. Total condominiums sales on Maui are down 23.9% in 2020 compared to the same time period during 2019. 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 large increase in condos available for sale. Trends are just now starting to show the affect COVID has had on Maui condo sales. These trends are showing that we may see a plateau and possibly a decrease in Maui condo values if inventory continues to increase and demand remains low. 

**Condominium sales on Maui decreased for the fifth consecutive month compared to what we would normally see. Median condo values increased in August after two consecutive months of decreasing values. 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 August, but overall condo sales activity on Maui is way down compared to normal. Condo inventory has increased with 7.5 months of inventory at this time. During August 2019 there was 3.8 months of inventory. With the amount of inventory and reduced demand we are on the cusp of seeing a buyers market for Maui condominiums. The typical rule of thumb is 6 plus months of inventory is considered a buyers market. We may be on the verge of seeing Maui condo values plateau and possible decrease if Hawaii's economy does not open back up.

Maui Condo Sales Year To Date: Through August 830 total condos have sold on Maui with a median price of $565,000 and an average price of $794,657. This includes both fee simple and leasehold condos. The median sale price has increased 9.7% during 2020. The average sale price has increased 13.4% during 2020. Kihei has the highest number of sold condos during 2020 with 276 total sales while Kaanapali has the highest median sale price for sold condos with a median sale price of $1,250,000 during 2020. The average Days On Market for sold condominiums on Maui is 152 during 2020. Maui condos have sold for an average of 97.4% of list price during 2020. Maui condo sales are down 23.9% compared to the same period through August 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. The average Days On Market for sold condominiums on Maui was 132 during 2019. Maui condos sold for an average of 97.5% of list price during 2019.

Maui Fee Simple Condo Sales Year To Date: Through August, 767 total fee simple condos have sold on Maui with a median price of $590,000 and an average price of $832,182. The median sale price for fee simple condos has increased 12.6% during 2020. The average sale price for fee simple condos has increased 16.6% during 2020. Kihei has the highest number of sold fee simple condos through August 2020 with 270 total sales while Kaanapali has the highest median sale price for sold fee simple condos with a median sale price of $1,814,500 through August 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 August, 63 total leasehold condos have sold on Maui with a median price of $270,000 and an average price of $337,808. Napili/Kahana/Honokowai has the highest number of sold leasehold condos through August 2020 with 27 total sales while Kaanapali has the highest median sale price for sold leasehold condos with a median sale price of $405,000 through August, 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 August, 2020:

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

Maui Condo Sales Year To Date Through August, 2020:

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

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

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

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

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

Maui Condo Search