Maui Land Report For October, 2020:
This is the October 2020 market report for land sold on Maui Hawaii during September 2020.
Maui Land Sales September 2020: In September 17 parcels of land sold on Maui with a median price of $580,000. At the end of September there were 258 parcels of land for sale on Maui. Haiku and Kula/Ulupalakua/Kanaio had the highest number of sold vacant parcels with 5 sold properties each during September. Kapalua had the highest median sale price for sold vacant land on Maui with a median sale price of $850,000 in September. One parcel of land sold in Kapalua during September.
Maui Land Sales Year To Date: Through September, 124 total parcels of land have sold on Maui with a median price of $430,000 and an average price of $707,464. The median sale price has decreased 14% during 2020. The average sale price has decreased 23.9% during 2020. Haiku has the highest number of sold land during 2020 with 34 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 11.4% compared to the same period through September 2019. More vacant lots sold during August and September 2020 than August and September 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 longterm 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 had a decrease in sold land on Maui May through July. Sales volume is up the last two months which may show buyer confidence and a slight rebound in the vacant land market on Maui.
Maui Land Sales September, 2020:
Maui Land Sales Year To Date Through September, 2020:
Maui Land For Sale