According to the latest report from the Realtor’s Association of Maui for February, it appears as if sales were down slightly on the island, but experts believe the drop in sales was not enough to cause concern and was more than likely weather-related.

That being said, in some parts of the island, sales were up compared to the same time last year. In Lahaina, for instance, seven single-family homes sold for a total of $10,419,999 with a median sales price of $755,000. During the same time last year, there were only six units sold for a total of $13,941,000 at a median sales price of $2,190,000. Last month in Lahaina, there were only four units sold for $7,363,000 at a median sales price of $746,500. Kaanapali saw two homes sold during February for a total of $5,263,000 at a median sales price of $2,631,500. And while last month there were four homes sold, there were only two sold during February 2018 for a total of $3,950,000 at a median sales price of $1,975,000. Kapalua saw an increase in home sales compared to last month with ten units sold for a total of $6,470,000 compared to the previous month where only eight units were sold for a total of $5,260,000. So far home sales in this area this year are down compared to last year where there were 21 homes sold for $14,727,919 at a median sales price of $688,000.

As for condos, there were four condominiums sold in Kapalua for a total of $3,720,000 at a median sales price of $900,000. Last month, there were six units sold for a total of $11,339,500 at a median sales price of $1,085,000. This year, condo sales seem to be up in Kapalua compared to last year when only one condo was sold during February 2018 for a total of $3,650,000. Condo sales are down; however, in Kaanapali where there were six units sold for a total of $5,347,000 at a median sales price of $903,500. Last month there were 15 units sold in this area for $15,845,500 at a median sales price of $774,000, and during the same time the previous year, there were 18 units sold for $22,500,500 at a median sales price of $1,057,500. In Lahaina, condo sales are down substantially compared to last month but up compared to the same time last year. Last month there were 16 units sold and this month there were only eight condos sold altogether. There were four condos sold during the month of February in Lahaina during 2018.

For more information about Maui's real estate market keep checking back to my website and feel free to contact me with any questions you might have. See you next week and a hui hou!

It’s been a good year for real estate on Maui and signs of improvement are showing for 2019. It appears as if Maui homes for sale are selling faster and for more, according to the latest monthly report from the Realtors Association of Maui.

Every month, the Realtors Association of Maui reports the latest real estate statistics for the island. This extensive report reviews data collected on the real estate market on Maui and compares data over a year to year period.

The January report shows that Maui’s market continues to remain strong despite a national trend of what appears to be a slowing down of the market. According to the report, home sales started to slow down last year, and experts pointed towards a combination of high prices and a steady stream of interest rate hikes by the Federal Reserve as potential reasons for the diminishing of sales. As a result, this year the Fed did not increase rates during January. And while the question of how home affordability will affect the market this year still lingers, people are optimistic that with more inventory slated to unveil in the coming year consumer confidence and affordability may improve.

On the island as a whole, new listings for both single family homes and condominium homes decreased, as well as pending sales and overall inventory for both areas. That being said, median sales prices increased by 3.5 percent for single-family homes and by 4.4 percent for condominium homes.

On Maui’s west side, prices and sales looked positive overall. Single-family homes in Kaanapali saw an increase in sales compared to the same time last year. There were four units sold for a total of $6,119,000 with a median sales price of $1,484,500. Last year in January there were two units sold for $5,355,000 for a median sales price of $2,677,500. In Lahaina, there were four units sold for a total of $7,363,000 at a median sales price of $746,500. There were six units sold during the same time last year for a median sales price of $855,000. As for condos on the west side, prices seem to be up in some areas. Condos in Kaanapali, saw 15 units sold for a total of $15,745,500 at a median sales price of $774,000. During the same time last year, there were 10 units sold at a median sales price of $773,500. In Lahaina, there were 16 units sold at $6,697,232 for a median sales price of $385,500. During the same time last year, there were five units sold for $1,693,626 at a median sales price of $335,000. In Honokowai/Napili/Kahana, there were 24 units sold for $12,899,234 at a median sales price of $489,500. During January of 2018, there were 18 units sold at a median sales price of $460,000.

It looks like times are right on Maui and even better for real estate. Keep checking my website to see what’s for sale in terms of luxury homes on Maui. Contact me if you have any questions and let’s chat.

Aloha friends from the Valley Isle! Welcome back to my blog and I hope you’ve had some time to look into my latest listings. You can also use my handy real estate map to see what’s for sale in terms of real estate on Maui. And, as always, contact me and let me know if any properties caught your eye. 

As for properties for sale on Maui, some of my favorite homes for sale happen to be in Kapalua. Kapalua is an area on the west side of Maui that is just north of Kaanapali and has some gorgeous beaches, views, and, of course, one of the best golf courses around. The Kapalua Golf Course is an award-winning course and is currently undergoing some incredible enhancements to make this already great place even better! The enhancements are part of a multi-year property improvement plan that hopes to continue Kapalua’s reputation as the top golf destination in Hawaii!

According to the story, the Bay Course has been rerouted to increase the pace of play and create a memorable and challenging final stretch of holes. The new first hole is taking over the former 7th hole, which is an uphill, 355-yard par 4 that’s known for setting the pace for good golfers. The new 16th and 17th holes have taken over the former 4 and 5 holes and give you space to play along and over the ocean, with the par-3 17th hole! And to top it all off, the new 18th hole has taken over the former 6th hole and is replete with challenges and an uphill par 5.

In addition to the course updates, the Bay Course Golf Shop has been relocated to the newly enhanced Village Center at Kapalua. The Village Center will now be home to the Bay Golf & Resort Shops, Kapalua Golf Academy, the Taverna Restaurant, and administrative offices.

Additionally,  the Kapalua Golf Academy that has been redesigned and modernized. The academy practice range and tee areas have been expanded, and two hitting decks resurfaced with Platinum Paspalum turf. A massive 9,000 square-foot putting green has been added next to the Village Center to provide guests with an additional short-game practice location or warm up spot prior to Bay Course rounds. The new practice green was turfed with Tif-Eagle to be consistent with the putting surfaces found on the golf course.

That’s some of the excitement going on over here on the Valley Isle. I hope to see you on the green and on Maui soon. Aloha.