Maui Real Estate Market Update | Through November, 2016
Posted by Courtney M. 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% | $469,750 | -4% |
Across the Island of Maui, the majority of sales are condominiums (52%) and homes (42%), with vacant land transacting the least (6%). Island wide, the Maui Real Estate Market saw the following when comparing this year over last by property type:
Sales by Area:
Volume and Average SP
November 2016 vs. 2015
| Areas* | No. of Sales | % Change | Volume ($) | % 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 Sale, Napili Condos for Sale, Kaanapali Condos for Sale, Lahaina Condos for Sale
Homes: Kapalua Homes for Sale, Kaanapali Homes for Sale, Lahaina Homes for Sale, Launiupoko Homes for Sale
Land: Kapalua Land for Sale, Kaanapali Land for Sale, Lahaina Land for Sale, Launiupoko Land for Sale
South Maui
Condos: Wailea Condos for Sale, Makena Condos for Sale
Homes: Wailea Homes for Sale, Makena Homes for Sale
Land: Wailea Land for Sale, Makena 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: Upcountry, East Maui, Central 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) & Team
Vice President
Island Sotheby's International Realty