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 number of sales has increased dramatically across all market sectors--homes, condos and land. The median price has increased as well, in part spurred by oceanfront home and resort sales. We are seeing fewer condominium sales than we did in July. However, it should be noted that inventory is down dramatically.
As of the date of this post:
MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES THROUGH 7/31/2021
Active Listings: 194 homes from $390,000 (Hawaiian Home Lands) to $26,000,000
Pending: 234 homes from $430,000 to $17,500,000
Sold: 770 homes from $245,000 (Hui Ownership) 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: 117 condos listed from $115,000 to $6,395,000 for a condominium at Coconut Grove in Kapalua
Pending: 331 condos pending, ranging from $149,000 to $7,250,000
Sold: 1,443 condos sold, ranging from $75,000 Leasehold to $14,000,000
MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES THROUGH 7/31/2021
Active Listings: 124 lots from $250,000 to $16,850,000 for over 3000 acres of ranch land in Kaupo
Pending: 66 lots from $170,000 to $7,500,000 for 464 acres in Kula
Sold: 237 lots from to $45,000 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.
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