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New Maui Real Estate Listings Decreased for September 2018

The latest maui real estate stats are out and show a decline on new property listings to the market, but experts stay optimistic.
November 16, 2018

New real estate listings and pending sales for single family residential homes and condominiums on Maui decreased during the month of September when compared to the same time last year.

According to the latest Maui real estate market trends and statistics, new listings on Maui decreased 18.7 percent for single-family homes and a little more than 25 percent for condominium homes. Pending sales also decreased for both single family homes and condos. Single-family homes experienced a 12.8 percent decrease and 8.3 percent decrease was found for condominium homes.

Conversely, one of our favorite areas, Kaanapali real estate, saw more home sales in Kaanapali over the previous month and the previous year. Although condo sales in Kaanapali did not reach the high volume of the previous month, it did do better than the previous year.

Inventory on the market also experienced a decrease. Single-family homes decreased by 16.7 percent and inventory for condos on Maui decreased by a little more than 22 percent. While inventory and new listings are down median sales prices did show an increase last month compared to the same time last year. The median sales price increased by 16 percent to $754,248 for single-family homes and by a little more than 18 percent to $501,000 for condominium homes. Overall days on the market saw a bit of a jump for single family homes, increasing to about 7.6 percent. Days on the market for condo homes remained steady. The month's supply of inventory decreased 13.3 percent for single-family homes and by almost 28 percent for Maui condos.

According to the latest report, the Maui housing market remains strong despite concerns that rising prices and interest rates matched by salary stagnation and delayed home purchases could impact pending sales. According to officials, 2018 should end on a strong note and there’s reason to be optimistic that the housing market on Maui will remain strong and balanced.

If you’re interested in learning more about the housing market on Maui or are looking to explore various investment opportunities on Maui then keep following our website for the latest in Maui real estate news. You can also see what some homes and condos are selling for here on Maui by searching our latest listings. Here at the Maui Luxury Real Estate Team, we have plenty of knowledgeable specialists who can help you with your next investment property on Maui. Our Realtors are always ready, willing, and able to assist you with any questions you may have. We look forward to finishing the year strong and hope you consider making your next luxury home purchase with us. Aloha and a hui hou.

Blogs for November 2018

Ocean Views at Hawaii Resort Condo for Sale at Kaanapali Alii

Posted on November 30, 2018


Aloha all and welcome back to our weekly blog! As always, we like to feature properties that really stand out in the crowd when it comes to real estate on Maui. We represent homes and condos throughout the island of Maui and have seen it all. From… Continue Reading

Why Lahaina is One of the Best Places to Buy a Home in Hawaii

Posted on November 23, 2018

When you think about buying a home in Hawaii, what comes to mind? Probably beaches, somewhere you can watch the sunset, some place near epic nightlife and amazing activities, yet somewhere that also has privacy. Well, if you’re searching for a place like this to call home then… Continue Reading

New Maui Real Estate Listings Decreased for September 2018

Posted on November 16, 2018

New real estate listings and pending sales for single family residential homes and condominiums on Maui decreased during the month of September when compared to the same time last year.

According to the latest Maui real estate market trends and statistics, new listings on Maui decreased 18.7 percent for… Continue Reading

Hot Luxury Condo Real Estate Investment at Honua Kai

Posted on November 09, 2018

On Maui’s west side there’s no shortage of beautiful places to see and explore. That’s part of what makes this area one of the most sought-after real estate locations in the world. If you’re eyeing out Maui’s west side for your vacation real estate property investment, then you… Continue Reading

Maui Kaanapali Villas for Sale Are a Great Vacation Home Investment

Posted on November 02, 2018

Whether it’s your first condo or you’re searching for your next vacation home investment there’s so much to consider. From where you want it to be to what amenities you desire, starting your vacation condominium search can seem like a daunting task. But it doesn’t have to be… Continue Reading

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