When it comes to real estate in Maui, it’s always a good time to buy or sell. Areas like Coconut Grove or the Kapalua Resort are great places to buy real estate or to sell if you are lucky enough to already own property here. Whatever your situation may be, we have access to a unique market here because of the location, and that is why it is never a bad idea to stay up to date regarding the latest market statistics so today I am going to give you the rundown for Maui’s west side real estate stats.
According to the latest report from the Realtors Association of Maui, sales remain steady but prices are a bit lower in some areas so that makes this time of the year a great time for buyers. For instance, condos in Honokowai, Napili, and Kahana are selling for cheaper. The median sales price in November was $399,000 for 21 homes sold compared to $515,000 of November 2018. Median sales price for the current period was also higher for $473,800. Condo prices in Lahaina also dropped to $466,852. In October, the median sales price in the same area was $690,966 and in November of 2018 that number was around $670,000. As for single family homes on the west side, one home in Kaanapali sold for $3,250,000, another in Kapalua for $2,550,000 and two homes sold in Lahaina for a median sales price of $846,000.
On Maui as a whole, it looks like new listings increased for condos on Maui to 23.7 percent in November. Pending sales also increased to about 22.9 percent. So in conclusion, now is a great time to buy on the island. It just makes sense and would be wise for you to invest in your retirement plan and future sooner rather than later. So if you are interested in seeing some of the listings I have for sale in person, please do not hesitate to contact me. I have many years of real estate experience here in Maui and I would love to sit down and talk story with you some time about your real estate goals in general. So don’t be a stranger and give me a call. I hope you have a great week and keep checking back to stay up to date about new listings on Maui.