Hottest Single-Family Market in Years
Singe-family residential inventory is extremely low with only 449 active listings on the entire island of Maui in Septemeber of 2020. Compare that to 5 years ago where we had 613 single-family homes for sale on Maui in September 2015. Buyer demand in this sector has been increasing steadily throughout COVID-19 and with fewer homes on the market, it's certainly a seller's market in single family residential. New construction is certainly not keeping up with demand and only a handful of larger residential developments are underway in places like Ilima and Anuhea at Kehalani. Prices have remained very stable and well-built luxury homes are selling very quickly.
Maui Condo Market September 2020