The Maui Real Estate Market Remains Positive

When it comes to real estate on Maui, now is the time to act. So whether you’re looking to buy a home in Kapalua or invest at Pineapple Estates, now is a good time to do so as the market continues to remain steady.

According to the latest report from the Realtors Association of Maui, May continued to be a good month for sales on the island and elsewhere. Experts are claiming the market is a desirable one, and say buyers and sellers are both winning right now. It appears as if an improving unemployment rate, higher wages, and favorable mortgage rates are helping real estate markets everywhere. And Maui is no exception. Read on to learn about Maui’s real estate market for May.

As for single-family home sales in West Maui, here’s what we have so far. In Kaanapali, there were two homes sold at a median sales price of $2,559,500. Prices are up from last month where there were two homes sold at a median sales price of $1,550,000, but sales are still down compared to the same time the previous year where there were six homes sold altogether. In Kapalua, there were two homes sold at a median sales price of $2,550,000. That’s one more than last month and one less than the same time the previous year. Prices are down a bit in comparison in this area. In Lahaina, there were six homes sold for a median sales price of $763,500. That’s double from last month where three houses were sold at a median sales price of $2,525,000. During May of last year; however, there were seven homes sold at a median sales price of $710,000. And in the Napili/Kahana/Honokowai area, there were five units sold at a median sales price of $1,099,000. Prices are up in this area overall. Last month there were four homes sold at a median sales price of $995,000, and there were only three sold during May 2018 at a median sales price of $900,000.

As for condos on Maui, In Kaanapali, there were 18 condos sold at a median sales price of $1,003,500 in May. There were 11 sold last month at a higher median sales price of $1,160,000. Last year there were 24 units sold in this area at a median sales price of $733,500. In Kapalua, there were three condos sold at a median sales price of $895,000. Last month there were two condos sold in this area for more money. The median sales price last month was $2,900,000. And last year in May there were six condos sold in Kapalua at a median sales price of $2,272,500. In Lahaina, there were six condos sold at a median sales price of $497,500. That price is down a bit from last month where six condos sold for a median sales price of $537,500. There were 10 condos sold in May 2018 at a median sales price of $461,250. And for Napili/Kahana/ and Honokowai, there were 24 condos sold at a median sales price of $470,000. There were 18 sold last month at a median sales price of $434,000 and 25 sold in May of 2018 for a median sales price of $500,000.

As for Maui as a whole, new listings are down for both single family homes and for condos. Homes are down by 8.3 percent and condos are down by 24 percent. Pending sales increased by 4.7 percent for single family homes but fell 11.4 percent for condos. Inventory is down overall, as well, with a decrease of almost 13 percent for single family homes and 21.5 percent for Condominium homes. That being said, median sales prices are up overall; up by 2.2 percent for single family homes and by 9.7 percent for condos.

That’s an overview of the real estate market on Maui. I hope you feel compelled to buy soon before prices increase. If you have any questions about real estate or any listings featured on my website, please do not hesitate to contact me. Have a great week!

Check Out Some of these Incredible Condos for Sale on Maui

If you’ve been saving all your life to retire here or are an avid real estate investor, you know that making a home purchase is a big deal. That’s why I only showcase the best of the best in terms of real estate on Maui and would love to share with you some of the unique properties I have for sale right now here on my website.

In the area of Kapalua, there are some great condos for sale near so much to see and do on the island. Kapalua is an incredible place to live as it’s near the beautiful Honolua Bay, the famous Kapalua Bay and Plantation Golf Courses, and plenty of great restaurants, beaches, shopping and more. That’s why these homes for sale at 500 Bay Drive are worth looking into TODAY.

With plenty of space, views, and amenities to enjoy, here are some of my favorite listings in this area.

1. Kapalua Bay Villas 14-B2: This one bedroom and one and a half bathroom condo for sale with 995 square feet is perfect for you retirees out there. With full ocean views that offer glimpses of the whales during the winter months and state-of-the-art amenities, including new granite counter tops and baths, this upgraded unit is worth every penny.

2. Kapalua Bay Villas 14B3-4: This large condo for sale is a beautiful piece of real estate. With two bedrooms and three baths, 1,935 square feet, and an oceanfront view, you’ll feel as if you’ve found heaven right at your doorstep. You’ll have a 180-degree panoramic view of Molokai and enjoy modern decor as this unit was remodeled and rebuilt in 2005. The condo is for sale turnkey and includes designer furnishings. Yay!

3. Kapalua Bay Villas 24G2: This one bedroom and two baths ground floor condo sits above the pool and overlooks the ocean and Molokai. Enjoy peace and quiet here as this is one of only three other condos in the building.

I hope you had fun checking out these unique condos for sale on Maui. If you’re interested in viewing one in person or would like to discuss real estate on the island, contact me today. I’m always ready to answer any questions you have and help you along your way to home ownership. Have a wonderful week, and I hope to hear from you soon…

Homes With a View For Sale at The Ridge at Kapalua

At the Ridge at Kapalua, a luxury resort condominium community on Maui, you will find 161 condos here complete with twenty-eight two-story and three-story buildings that are set throughout one of Maui’s most acclaimed golf courses-the Kapalua Bay Course. You’ll also be in one of the best places in all of Maui to live. In Kapalua, there’s plenty of shopping, resorts, nature to enjoy and so much more. Whether your idea of fun is dining out at a five-star restaurant or hitting the beach, you won’t be far from either here.

This neighborhood is located in the middle of the Kapalua Resort, and owners here happen to have access to two swimming pools complete with outdoor seating and BBQ areas, a large recreation room with a kitchen, lush tropical landscaping throughout and more. While having access to these extra amenities is awesome, it’s the homes and the views that make this neighborhood a significant investment.

The Ridge is located on a hill where you are sure to have panoramic views of the crystal clear Pacific Blue ocean every single day. During the winter months, you’ll be happy to know that you can catch sites of the beautiful humpback whales all day long! And when whale season is over, don’t be upset because the view continues to amaze you with sunsets each night that will take your breath away.

Most of the condos for sale here come with modern amenities, including state-of-the-art appliances and new flooring throughout. Scroll through some of the listings listed here and let me know if you see one that is calling your name.

I hope you consider living in Kapalua and contact me to see one of these great condos that are expected to sell fast. You can also check out some of my other listings by merely scrolling through my website or by using my helpful real estate map tool. Please let me know how I can help make your dream come true today! Have a great week and a hui hou!