Sotheby's International Realty has released its Luxury Real Estate Outlook Report for 2023, which provides insights into luxury real estate markets around the globe, issues with the supply chain, inventory, and guidance such as How to Sell a High End Home During Any Type of Market. The report provides valuable observations for Maui's real estate market, particularly in the resort areas, where there was a significant change over in ownership in 2021. There were fewer sales in 2022, which was not unexpected, as available inventory decreased dramatically.
Here is a snapshot of some of the key takeaways from the report:
Courtney M. Brown, R(S) & Team
Island Sotheby's International Realty