The State of the Maui Real Estate Market 2021
Looking back on the Maui real estate market of 2021, we saw a year unlike any we have seen before in total sales, prices, and buyer enthusiasm. A variety of unique factors combined to fuel an unprecedented acceleration in property value at the national and local levels. The unique Maui market witnessed record after record being broken along with a surge in demand for investment properties. Over half of the properties sold in 2021 sold at or above listing price.
Historically high demand for homes and condos on Maui driven in part by historically low-interest rates, coupled with seller reluctance and low inventory, created an extreme seller’s market where more than 5,500 transactions led to over 4.5…
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