Maui Real Estate Market Update | Through November, 2016

Posted by Courtney Brown on Monday, December 26th, 2016 at 2:42pm.

Maui Real Estate Market Update

Maui Real Estate Sales: Homes, Condominiums and Land Through November 2016

The November Maui County Real Estate Market Update is now available for your review.  The report details sales activity through November, 2016 as compared with that of the prior year.  

Maui's Real Estate Market: Active Listings

There is a slight increase in active listings, which is typical of this time of year as many Sellers in resort areas list condominium and residential properties when tourism levels (which bring prospective buyers) increase.

  Active Listings Average List Price Average Days on Market
All* 1,614 $1,625,081 220
Residential 484 $2,600,662 147
Condominium 822 $1,005,294 140
Land 308 $1,746,133 547

Maui's Real Estate Market: Sales through November 2016

Sales by Property Type:
Volume, Average SP (Sales Price) and Median SP
November 2016 vs. 2015

  No. of Sales  % Change Volume ($) % Change Average SP % Change Median SP % Change
All* 2,246 +4% $1,739,268,160 +4% $774,385 +1% $535,000 +5%
Residential 945 -2% $918,467,893 +8% $971,924 +10% $635,000 +9%
Condo 1,169 +8% $728,386,961 +5% $623,086 -3% $415,000 +1%
Land 132 +6% $92,413,306 -27% $700,101 -31% $469,750 -4%

Across the Island of Maui, the majority of sales are condominiums (52%) and homes (42%), with vacant land transacting the least (6%).  Island wide, the Maui Real Estate Market saw the following when comparing this year over last by property type:

Maui Real Estate Statistics November 2016

Sales by Area:
Volume and Average SP
November 2016 vs. 2015

Areas* No. of Sales % Change Volume ($) % Change Average SP ($) % Change
South Maui Districts            
Wailea/Makena  119  -14%  $221,947,400  -30%  $1,865,104  -18%
Maui Meadows  25  +14%  $29,781,550  +17%  $1,191,262  +3%
Maalaea  22  -4%  $8,385,800  +13%  $381,172  +19%
Kihei  616  +7%  $331,046,333  +9%  $537,412  +2%
West Maui Districts            
Honokohau  0  0%        
Kapalua  50  0%  $117,504,384  +10%  $2,350,087  +10%
Napili/Kahana/Honokowai  255  +31%  $133,389,739  +38%  $523,097  +5%
Kaanapali  172  +16%  $198,844,711  +6%  $1,156,073  -9%
Lahaina  152  -1%  $140,535,289  +46%  $924,574  +47%
Olowalu  5  0%  $8,544,000  +63%  $1,708,800  +63%
Upcountry            
Kula/Ulupalakua  73  -15%  $73,075,675  -6%  $1,001,036  +11%
Pukalani  75  +12%  $44,116,957  -4%  $588,226  -14%
Makawao/Olinda  71  +31%  $45,722,586  +22%  $643,980  -7%
North Shore            
Keanae  0  0%        
Spreckelsville/Paia/Kuau  35  +17%  $58,114,500  +119%  $1,660,414  +88%
Haiku  81  -18%  $73,185,749  -16%  $903,527  +2%
East Maui            
Nahiku  1  0%  $265,000  -28%  $265,000  -28%
Hana  13  +8%  $9,928,000  +19%  $763,692  +10%
Kipahulu  0  0%        
Kaupo  1  0%  $1,300,000  +178%  $1,300,000  +178%
Central Maui            
Kahakuloa  6  +500%  $3,115,500  +726%  $519,250  +38%
Wailuku  314  +4%  $156,675,671  +12%  $498,976  +8%
Kahului  160  -22%  $83,789,316  -14%  $523,683  +10%

It should be noted in some areas, where just a few sales occur each year, the sales data can vary dramatically with one large sale or with fewer sales.  High dollar properties (for example, oceanfront or large acreages) can also swing the statistics.

Please contact me with any questions about the Maui real estate market and properties for sale.  To search Maui Real Estate listings, visit LuxuryRealEstateMaui.com.  You'll find offerings including Maui Oceanfront Homes for Sale, as well as of condominiums, homes and land in the resort areas of West and South Maui and real estate islandwide.Buying or Selling Maui Real Estate?

West Maui 
Condos:  Kapalua Condos for SaleNapili Condos for SaleKaanapali Condos for SaleLahaina Condos for Sale
Homes: Kapalua Homes for SaleKaanapali Homes for SaleLahaina Homes for SaleLauniupoko Homes for Sale
Land: Kapalua Land for SaleKaanapali Land for SaleLahaina Land for SaleLauniupoko Land for Sale

South Maui 
Condos: Wailea Condos for SaleMakena Condos for Sale
Homes: Wailea Homes for SaleMakena Homes for Sale
Land: Wailea Land for SaleMakena Land for Sale

North Shore:
Condos: North Shore Maui Condos for Sale
Homes: North Shore Maui Homes for Sale
Land: North Shore Maui Land for Sale

Other areas of interest: UpcountryEast MauiCentral Maui, and Lanai

*Information is for just the island of Maui and does not include data from Molokai or Lanai.  The sales information compiled in these reports and in the above charts is taken from the Realtor's Association of Maui.  It is deemed reliable, but is not guaranteed.  It should be noted that just condominium, single family home sales and vacant land sales recorded in the MLS are included in this data. Private transactions not in MLS are not accounted for in the data sample. Mahalo to Fidelity National Title for providing the November 2016 Maui Real Estate Market Infographic. 

Courtney M. Brown, R(S)
Vice President
Island Sotheby's International Realty

 

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