All Things Maui Real Estate - maui real estate market

The Maui Real Estate Market Update March 2023

Maui Real Estate Market Report March 2023: Will Prices Go Down This Year?

Looking back at the last 12 months of the real estate market here on Maui, it has certainly been an interesting period full of speculation and diverging opinions about the near-term impacts that rising interest rates would have on home prices and buyer activity. Last year, many were thinking the market would drop precipitously while others believed that the bull market would continue to run.  

The results, at least so far, have been a return to normal market behavior and resemble something closer to the soft landing the Fed has been trying to achieve with its incremental rate hike strategies. While most mainland markets have seen considerable softening since rates went up…

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2021 Review of the Maui Real Estate Market | State of The Market Report

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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Maui Real Estate Market Report August 2020

Condo Inventory and Sales Way Up

August was a great month for the recovery of the condo market on Maui with some corrections happening in both sales and inventory. For years the Maui condo market has had low inventory and steadily been in a seller's market given the high demand and decrease in construction, especially of short term rentable condos. August saw a 97.4% increase in months supply of inventory and a total increase of 53.9% in total units on the market versus August of 2019. Closed sales were still down 7.7% versus 2019 but that's a huge improvement over the last few months without visitors on Maui to see these units in person. 

262 new condo listings in August almost doubled the 133 new listings last August. Notably, the…

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Maui Real Estate Market Report July 2020

Low-Interest Rates + Low Inventory = Stable Prices

Since the shock of the coronavirus pandemic has worn off over the last few months, we've seen that real estate continues to be the most reliable place to invest. Nationwide there has been a real estate boom and while Maui isn't currently experiencing that same type of short term growth, we have seen surprisingly good numbers given the challenges the market has faced with the absence of tourism.

Working From Home

With working from home becoming less of a novelty and more of a reality, many are looking to Maui and Hawaii as the best place to work from home as we see many looking to relocate.

This has been good news for the residential sector of the market. While residential sales and prices…

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