In terms of Maui real estate, there’s plenty of great homes for sale on the island’s west side, so it might be hard to know where to go to get the insight you need to find the home your heart is longing for. But if you visit my about me page, you’ll see just how extensive my Maui real estate knowledge is, and that’s why I encourage you to contact me first when you’re starting your luxury home hunt on the island. And in the meantime, it’s never a bad idea to plan ahead and keep learning about the latest in terms of real estate on Maui so that’s why today I’d like to focus on the most recent real estate stats for Maui West Side to help give you a little overview on what’s happening here.
According to the latest statistics from the Realtors Association on Maui, the housing market overall is calming down, but buyer and seller activity remains strong. On Maui overall, new listings increased by around 8 percent for single-family homes and by a little under 11 percent for condos. Inventory on the island decreased by 13 percent for single-family homes and by 18.5 percent for condos. The median sales price decreased by 4.6 percent for single-family homes but increased by 9.6 percent for condominium homes. Days on the market for Maui homes fell by 5.8 percent for single-family homes and by 16.6 percent for condominium homes. Month’s supply of inventory decreased by 17.9 percent for single-family homes and by 11.9 percent for condominium homes.
As for west Maui, single home sales didn’t show too much of a jump in either direction. Kaanapali, for instance, only had one home sold during the month of September as opposed to three last month and during September 2018. Kapalua, there was only one home sold, down from four the previous month and from one in September 2018. Lahaina had a slight drop compared to last month, with only four homes sold as opposed to seven sold in August. Still on track compared to the same time last year, where there were only three homes sold. And Napili/Kahana/Honokowai remained the same with three homes sold across the board.
As for condos, there was a jump in sales. There were 17 condos sold during September compared to 9 sold in August and 14 sold during the same time last year. In Kapalua, there were eight condos sold in September, up from four in August and from one during the same time the previous year. Lahaina also experienced an increase with 12 homes sold during September compared to 8 during August and seven from the year before. Napili/Kahana/Honokowai saw a pretty broad jump with 21 homes sold, compared to 13 last month.
So, to conclude, the market is doing well on Maui, and now would be a great time to buy or sell. Interested in getting involved in real estate, make sure to give me a call so I can help you along your journey. Have a great day. Aloha.