Aloha! I hope you’ve been spending some time checking out my latest listings and please know to contact me when you find your dream home on Maui.
Speaking of homes for sale on the island, it’s never a bad idea to stay up to date on the overall real estate market to get a feel for how much homes are selling for and how fast. So far, the market remains steady, and according to April’s real estate market overview, Maui’s homes and condo sales are continuing along a positive trajectory.
In West Maui specifically, there were two homes sold in Kaanapali for a total of $3,100,000 at a median sales price of $1,550,000. for comparison, during April 2018, there were three homes sold for a total of $6,255,202 at a median sales price of $1,360,000. So far, so good.
In Kapalua, there was one home sold for a total of $3,270,000. In April 2018, there was also one home sold for a total of $2,250,000, so prices seem to be increasing. In Lahaina, there were three homes sold for a total of $8,144,000 at a median sales price of $2,525,000. Sales are down in Lahaina compared to March, but the prices seem to have increased. In March, there were seven single-family homes sold for a total of $10,218,000 at a median sales price of $875,000. During April of last year, there were five units sold for a total $4,272,500 at a median sales price of $761,500.
As for condos for sale in West Maui, prices and deals are up overall. There were 11 condos sold in Kaanapali at a total of $15,015,000 at a median sales price of $1,160,000. During March of this year, there were nine condos sold for a total of $11,698,750 at a median sales price of $930,000. During April 2018, there were 17 condos sold for a total of $21,721,500 at a median sales price of $775,000. In Kapalua, there were two condos sold for $5,800,000 at a median sales price of $2,900,000. In March there were more condos sold but for a lower price. According to the report, in March, there were seven condos sold for $10,470,000 at a median sales price of $900,000. In April 2018, there were seven units sold for a total of $6,928,888 at a median sales price of $960,000. And in Lahaina, there were six units sold for $2,873,666 at a median sales price of $537,000. In March, there were seven units sold for $4,687,800 at a median sales price of $690,000, and during April 2018, there were six units sold for $4,109,400 at a median sales price of $556,000.
I hope this information helps encourage you to buy soon before prices increase. Please give me a call or reach out via email so we can talk about your real estate needs and options. Aloha and a hui hou!
