Here are the island wide Maui sales stats for homes and condos for April, 2020. The sales stats are for homes and condominiums sold on Maui through March, 2020. The amount of single family homes that sold in March increased slightly compared to February. During March the median sale price for homes increased. The amount of condominiums that sold in March was higher compared to February. During March the median sale price for condominiums decreased slightly.
*It is common for home and condo prices to increase this time of year due to it being peak season for Maui.
**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 housing market. With Real Estate Agents considered nonessential throughout Maui County through parts of March and April no showings of homes or condominiums were allowed. This will affect pending sales for March, 2020 and closed sales starting in April, 2020. We will likely see a decrease in new listing activity as well as an increase in listings being taken off the market temporarily or canceled. It may take 30 to 60 days to see the affect COVID-19 will have on the Maui real estate market. Most of the Maui homes and condos that sold during March went into contract in January and February.
Single Family Homes:
In March 89 single family homes sold with a median price of $840,000 and an average price of $1,214,940. At the end of March there were 432 single family homes for sale on Maui which is approximately 4.7 months of inventory.
Through March 257 single family homes have sold with a median price of $776,075 and an average price of $1,055,615. The median sale price has increased 4.7% during 2020. The average sale price has decreased 2.4% during 2020. The average Days On Market for sold homes on Maui is 140 during 2020. Maui homes are selling for an average of 97.3% 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.
Condominiums:
In March 159 condominiums sold with a median price of $555,000 and an average price of $786,416. At the end of March there were 521 condominiums for sale on Maui which is approximately 4.2 months of inventory.
Through March 420 condominiums have sold with a median price of $555,000 and an average price of $722,852. The median sale price has increased 7.7% during 2020. The average sale price has increased 3.1% during 2020. The average Days On Market for sold condominiums on Maui is 138 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 97.7% of list price during 2019.
