Maui Condo Report For March 2020:
This is the March, 2020 condominium market report for condos sold on Maui Hawaii through February, 2020.
In February 133 condominiums sold on Maui with a median price of $555,000 and an average price of $663,474. At the end of February there were 448 condominiums for sale on Maui which is approximately 3.4 months of inventory. Kihei had the highest number of sold condos with 46 in February while Kapalua had the highest median sale price for sold condos with a median sale price of $4,200,000 in February. (One condo sold in Kapalua during February.)
*With it being two month into the year there is not enough data to support any new trends.
**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 currently considered nonessential throughout Maui County no showings of homes or condominiums are currently allowed. This will affect pending condo sales for March, 2020 and closed sales starting in April, 2020. We will likely see a decrease in listings starting in March 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.
Maui Condo Sales Year To Date: Through February 261 total condos have sold on Maui with a median price of $555,000 and an average price of $684,130. This includes both fee simple and leasehold condos. The median sale price has increased 7.7% during 2020. The average sale price has decreased 2.4% during 2020. Kihei has the highest number of sold condos during 2020 with 89 total sales while Kapalua has the highest median sale price for sold condos with a median sale price of $1,200,000 during 2020. The average Days On Market for sold condominiums on Maui is 131 during 2020. Maui condos have sold for an average of 97.4% of list price during 2020.
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 February, 235 total fee simple condos have sold on Maui with a median price of $599,000 and an average price of $717,285. The median sale price for fee simple condos has increased 14.1% during 2020. The average sale price for fee simple condos has decreased .4% during 2020. Kihei has the highest number of sold fee simple condos through February 2020 with 87 total sales while Kapalua has the highest median sale price for sold fee simple condos with a median sale price of $1,200,000 through February 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 February, 26 total leasehold condos have sold on Maui with a median price of $309,250 and an average price of $384,462. Napili/Kahana/Honokowai has the highest number of sold leasehold condos through February 2020 with 11 total sales while Kaanapali has the highest median sale price for sold leasehold condos with a median sale price of $345,000 through February, 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 February, 2020:
Maui Condo Sales Year To Date Through February, 2020:
Maui Fee Simple Condo Sales Year To Date Through February, 2020:
Maui Leasehold Condo Sales Year To Date Through February, 2020:
