Feb. 25, 2020
Maui Condo Report For February 2020:
This is the February, 2020 condominium market report for condos sold on Maui Hawaii during January, 2020.
In January 127 condominiums sold on Maui with a median price of $569,000 and an average price of $708,570. At the end of January there were 473 condominiums for sale on Maui which is approximately 3.6 months of inventory. Kihei had the highest number of sold condos with 42 in January while Wailea/Makena had the highest median sale price for sold condos with a median sale price of $1,150,000 in January.
*With it being one month into the year there is not enough data to support any new trends. More that likely we will similar appreciation in condominium values as we saw during 2019.
Maui Condo Sales Year To Date: Through January 127 total condos have sold on Maui with a median price of $569,000 and an average price of $708,570. This includes both fee simple and leasehold condos. The median sale price has increased 10.4% during 2020. The average sale price has increased 1.1% during 2020. Kihei has the highest number of sold condos during 2020 with 42 total sales while Wailea/Makena has the highest median sale price for sold condos with a median sale price of $1,150,000 during 2020. The average Days On Market for sold condominiums on Maui is 133 during 2020. Maui condos have sold for an average of 97.2% of list price during 2020.
*With it being one month into the year there is not enough data to support any new trends. More that likely we will similar appreciation in condominium values as we saw during 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.
Maui Fee Simple Condo Sales Year To Date: Through January, 114 total fee simple condos have sold on Maui with a median price of $597,500 and an average price of $738,824. The median sale price for fee simple condos has increased 13.8% during 2020. The average sale price for fee simple condos has increased 4.2% during 2020. Kihei has the highest number of sold fee simple condos through January 2020 with 41 total sales while Wailea/Makena has the highest median sale price for sold fee simple condos with a median sale price of $1,150,000 through January 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 January, 13 total leasehold condos have sold on Maui with a median price of $319,000 and an average price of $443,269. Napili/Kahana/Honokowai has the highest number of sold leasehold condos through January 2020 with 6 total sales while Maalaea has the highest median sale price for sold leasehold condos with a median sale price of $328,000 through January, 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 January, 2020:
Maui Condo Sales Year To Date Through January, 2020:
Maui Fee Simple Condo Sales Year To Date Through January, 2020:
Maui Leasehold Condo Sales Year To Date Through January, 2020:
