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Maui Real Estate Trends in July 2016

Home sales down, condo sales up in July, while prices remain steady.
August 26, 2016

Maui Real Estate Trends in July 2016

The Realtors Association of Maui recently released their monthly report on the Maui real estate market for the month of July. As always, this report provides vital information on market trends, which can guide your decision-making process, whether you want to buy or sell a Maui property.

July statistics revealed a slight increase in the median price of a single-family Maui home to $599,000. That was up 1.5 percent from $590,000 in the same month last year. Meanwhile, the number of sales fell to 92, which was a 28.7 percent drop from the 129 units sold in July of last year.

Condos on the other hand saw a 10.3 percent increase in their median price, settling at $440,000, compared with $399,000 in July 2015. Sales soared by 26.4 percent, almost the same margin that home sales fell. The final count was 110 units sold, compared with 87, year-over-year.

Although a 20+ percent change in the number of homes and condos sold may seem dramatic, remember that ours is a small market, so a handful of sales, or lack thereof, can cause large percentage swings. For that reason, it's just as likely that we'll see the numbers moving in the opposite direction in the next month. That's why keeping track of year-to-date statistics is a good idea. It gives you a much more stable set of trends to follow. On that note, read on.

Current YTD statistics include data from seven out of twelve months, so we'll have to wait until the end of the year report is in before we get the full story of how 2016 played out. So far, we have 0% change in the number of single family homes sold, and a median price increase of 4 percent to $625,000, compared to the first seven months last year. Condos saw an increase of 8% for the number of units sold, and a 4 percent increase in the median price of a condo, at $430,000.

Hopefully this information has given you a sense of the Maui real estate landscape at this point in time. For more specific advice and any assistance you might need, you can find our contact information at the bottom of the page. Mahalo!

Blogs for August 2016

Maui Real Estate Trends in July 2016

Posted on August 26, 2016
Maui Real Estate Trends in July 2016

The Realtors Association of Maui recently released their monthly report on the Maui real estate market for the month of July. As always, this report provides vital information on market trends, which can guide your decision-making process, whether you want to buy… Continue Reading

World Class Living in Kapalua

Posted on August 19, 2016
World Class Living in Kapalua

Kapalua is one of Maui's top vacation destinations and most desired residential locations. With five-star resort amenities, incredible panoramic ocean and island views, this luxury residential resort community is truly the best combination of island living all in one.

Accommodations and resort amenities at Kapalua… Continue Reading

Luxurious Living at Pineapple Hill

Posted on August 12, 2016
Pineapple Hill Maui Real Estate

For most, looking to purchase a new home on Maui can be somewhat challenging and overwhelming; as there are a number of beautiful locations to choose from with charming subdivisions and captivating island views. However, there is one master planned community in particular that… Continue Reading

The 100th Birthday of Haleakala National Park

Posted on August 05, 2016
The 100th Birthday of Haleakala National Park


Photo Provided by : Shane Tajima

Haleakala National Park had a big weekend from July 30th to August 1st this year, which was the celebration of its 100th birthday. The park was abuzz with music, activities, cultural demonstrations and other festivities to… Continue Reading

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