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Cost of Maui Condos for Sale on an Upward Real Estate Market Trend

The latest in everything Hawaii luxury real estate.
January 25, 2019


Our luxury Maui property realtors are here to report the latest in everything Hawaii luxury real estate. It’s January 2019 and time to look at the real estate market trends on Maui -- where it’s been and where it’s heading.

Each month, we report on the monthly real estate statistics that are gathered by the Realtors Association of Maui, Inc. These statistics give a monthly overview of the real estate market on the island by comparing data from the same time the previous year. This month it looks as if it’s a good time to buy and also to sell, as homes are selling for more and the outlook seems positive.

According to the latest report, the median sales price for condominium homes increased by 32.3 percent to a total of $528,650. The median sales price for single family homes also saw an increase to $740,398 for single family homes on the island. Pending sales for single homes showed a slight decrease by 2.4 percent but increased by 2.5 percent for condominium homes. Days on the market increased by 2.3 percent for single family homes but decreased by 4.3 percent for condominium homes. Supply of inventory decreased by 8.3 percent for single family homes and 28.3 percent for condominium homes.

As the US economy improves, the housing market looks promising and an increase in buying is anticipated. That being said, experts say housing affordability could be a concern as Freddie Mac recently reported the 30-year fixed rate is at its highest average in seven years. The response to this news has caused somewhat of a slowdown in home price growth in other markets, while price reductions are becoming more common on the mainland, as well. However, the Bureau of Labor Statistics recently reported the national unemployment rate was at 3.7 percent and a low unemployment rate is a positive indicator for the year ahead.

Overall, it looks as if it’s going to be a great year for housing on Maui. Keep checking back with The Maui Luxury Real Estate Team for information about exclusive property listings for sale on Maui, like beachfront homes and condos and West Maui luxury real estate. Aloha!

Blogs for January 2019

Cost of Maui Condos for Sale on an Upward Real Estate Market Trend

Posted on January 25, 2019


Our luxury Maui property realtors are here to report the latest in everything Hawaii luxury real estate. It’s January 2019 and time to look at the real estate market trends on Maui -- where it’s been and where it’s heading.

Each month, we report on the monthly real… Continue Reading

West Maui Real Estate Statistics - Quick Summary

Posted on January 20, 2019


Our latest West Maui statistics quick summary:

Residential December sales in West Maui increased to 8 homes sold (November had 7 sales). 
The residential median price declined to $830,000 (November was a high at $2,100,000). This decline indicates that more of the sales in December were in the… Continue Reading

Luxury Maui Home for Sale in Kaanapali with Sweeping Island Views

Posted on January 18, 2019

Aloha friends and family and welcome back to our weekly blog! We hope you’re having a great week and have taken a break from your busy schedules to keep your eye on some of our luxury real estate listings on Maui. Remember, if you found a listing that… Continue Reading

Buy Real Estate at The Pinnacle Kaanapali and Live the Dream Life

Posted on January 11, 2019

On Maui, there’s plenty of neighborhoods that claim to be the best and it’s no wonder why. This island has plenty of jaw-dropping views, access to outdoor adventures and beaches at almost every corner. Whether you’re thinking of buying property in west Maui or are looking for an… Continue Reading

Master of the Impossible Tomas Kubinek on Maui this February

Posted on January 04, 2019

Are you looking for an event to attend that’s a little bit out of the ordinary? Are you sick of going to the same shows on Maui and heading out only to see the same bands over and over again? Well if you’re interested in some entertainment that’s… Continue Reading

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