Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.
Along with the rest of the country, Maui's real estate market has been far more active than last year during the pandemic.
The report notes "New Listings remained flat for Single Family homes but decreased 48.0 percent for Condominium properties. Pending Sales increased 15.0 percent for Single Family homes and 31.5 percent for Condominium homes. Inventory decreased 45.1 percent for Single Family homes and 82.7 percent for Condominium homes.
Median Sales Price increased 30.2 percent to $1,040,000 for Single Family homes but decreased 2.0 percent to $650,000 for Condominium homes. Days on Market decreased 11.6 percent for Single Family homes and 44.4 percent for Condominium homes. Months Supply of Inventory decreased 59.1 percent for Single Family homes and 90.8 percent for Condominium
As of the date of this post:
MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES THROUGH 7/31/2021
Active Listings: 183 homes from $549,000 in Wailuku to $26,000,000 for an oceanfront home for sale in Makena
Pending: 240 homes from $294,900 to $12,900,000 for a home across the street from the ocean in Makena
Sold: 930 homes from $220,000 to $45,000,000 (the highest sale recorded on Maui for a single-family home at Keawakapu Beach)
MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES THROUGH 7/31/2021
Active Listings:122 condos listed from $151,000 to $17,700,000 for a condominium at Wailea Point
Pending: 324 condos pending, ranging from $120,000 to $7,250,000 at the Andaz Residences
Sold: 1,687 condos sold, ranging from $75,000 Leasehold to $14,000,000 for a Wailea Beach Villas condominium
MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES THROUGH 7/31/2021
Active Listings: 106 lots from $250,000 to $16,850,000 for over 3000 acres of ranch land in Kaupo
Pending: 69 lots from $170,000 to $7,500,000 for 464 acres in Kula
Sold: 274 lots from to $38,000 to $14,000,000 for Piiholo Ranch in Upcountry Maui
The days on market is down for both homes and land, but is up for land, which tends to be a slower-moving market on the whole, as it doesn't allow immediate use and enjoyment and the building process does take time. The above summary is for Maui only and does not include properties on Molokai or Lanai.
Read the full report and see how it compares to prior years here: Maui Real Estate Statistics
Courtney M. Brown, R(S) & Team
Island Sotheby's International Realty