October 2019 Market Update

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Maui Real Estate Update


October 31, 2019

HAPPY HALLOWEEN!

Fall is one of my favorite times of the year. Although we don’t have a real change of seasons like other parts of the world have, those of us who live upcountry are definitely enjoying some cooler weather.

September 2019 stats are in. Lack of inventory, higher prices, and challenges with affordability continue to drive fewer sales in all categories (residential, condominium, and vacant land), though median sales prices continue to rise for all categories. Residential homes sales are down 4% from 880 homes sold to 844 homes sold for September 2019 YTD compared to September 2018 YTD and condominium sales are down 6% from 1,281 condos sold to 1,208 condos sold for the same time period. The YTD median sales price for homes is up 7% from $700,000 to $748,845, and the YTD median sales price for condos is up 4% from $496,000 to $518,000. For a detailed report of each area on Maui for homes, condos, and land, please CLICK HERE.


South Maui leads the County with 38% of sales closed, followed by West Maui at 26% of sales closed, Central Maui at 19%, Upcountry at 9%, North Shore at 5%, and East Maui at 1% of sales closed.

Please remember that I am available to you as a resource for any questions you may have related to Maui real estate even if you aren’t currently buying or selling a home. Please reach out to me if I can ever be of assistance to you.