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