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Maui Condo Real Estate Prices Rise 10 Percent in April

Maui real estate is on the rise with condo and single-family home prices on the increase.
May 19, 2017

Maui Condo Prices Rose 10 Percent in April

If you've been following the Maui real estate market trends via the Realtors Association of Maui reports, you may remember that in March, home prices in Maui County were the highest they'd been since September of 2006. The median price of a single-family home was $756,000. In April, prices normalized to $671,000, which is just a 0.9 percent decrease from the same month last year. Because home prices fluctuate depending on time of year, it's best to compare them to the same month in prior years. In this case, home prices are steady.

Condo prices, on the other hand, saw a 10 percent increase in the median price from $444,500 in April of last year to $490,563 last month. It's a respectable increase that will be appreciated by those who purchased a condo in Maui County at the right time. As always, keep in mind that in a small market like ours, a few highly priced sales can swing the numbers substantially. That's why year-to-date trends are the ones that you really want to keep an eye on.

With that in mind, the median price of a single-family home in Maui County was up 11 percent to $685,000 for the first four months of the year, compared to the same period last year. At the same time, the number of sales fell by 4 percent to 329. The change in the number of sales could easily be connected to the increase in prices. Meanwhile, condo sales increased by 10 percent to 458, and the median price was up 9 percent to $480,625.

Back to the month of April, the final tally for homes sold came up at 97, which was just three fewer than in April of 2016. Condo sales totaled 116, which was down 7.9 percent from 126 in April of last year. Again, the year-to-date statistics give a more complete picture of these trends, which are showing relatively minor fluctuations for our market.

West Maui April Stats Monthly Sales Volume

April 2017 April 2016
Area Units Volume Median Units Volume Median
Kaanapali Homes 1 $2,750,000 $2,750,000 2 $3,800,000 $1,900,000
Kapalua Homes 0 $0 $0 1 $2,350,000 $2,350,000
Lahaina Homes 4 $6,129,000 $948,500 8 $14,814,000 $1,444,000
Kaanapali Condos 10 $11,353,500 $778,750 20 $28,623,309 $1,200,000
Kapalua Condos 8 $11,764,800 $870,000 6 $9,520,000 $1,050,000
Lahaina Condos 5 $3,295,000 $490,000 7 $3,515,645 $470,000

If you're interested in searching Maui real estate for sale, you'll find that there are many interesting listings on the market. Sometimes, searching for the right real estate can be overwhelming, however, so if you need our assistance, don't hesitate to reach out to us. You'll find our contact information at the bottom of the page. Mahalo!

Blogs for May 2017

Affordable Lahaina Oceanfront Condo For Sale Right on Front Street

Posted on May 26, 2017

Affordable Oceanfront Lahaina Condo For Sale on Front Street

If a convenient location is at the top of your priority list, you may want to have a look at this lovely West Maui Lahaina condo for sale at 1403 Front Street. Yes, this tidy little 1 bed/1 bath is located… Continue Reading

Maui Condo Real Estate Prices Rise 10 Percent in April

Posted on May 19, 2017

Maui Condo Prices Rose 10 Percent in April

If you've been following the Maui real estate market trends via the Realtors Association of Maui reports, you may remember that in March, home prices in Maui County were the highest they'd been since September of 2006. The median price of… Continue Reading

Hawaii in Top 5 States For Affordable Home Insurance

Posted on May 12, 2017


Hawaii in Top 5 States For Affordable Home Insurance

According to the U.S. Census Bureau, Hawaii has the lowest property taxes in the nation at a 0.28% effective rate, a fact that's appreciated by many a Hawaii home owner. This has been publicized by many news articles, including… Continue Reading

Exemplary Condo For Sale at Kaanapali Plantation

Posted on May 05, 2017
Exemplary Condo For Sale at Kaanapali Plantation

In the market for a West Maui condo in a convenient location and breathtaking ocean views? At 150 Puukolii, you'll find a delightful Kaanapali condo for sale that offers this and much more. Situated just North of the world renowned Kaanapali Beach, it's just… Continue Reading

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Sakamoto Properties
P.O. Box 10068
Lahaina, HI 96761
Contact:
Phone: (808) 669-0070
Fax: (808) 669-1234
Info@SakamotoProperties.com
Office Address:
Sakamoto Properties
Napili Plaza
5095 Napilihau Street #203
Lahaina, Maui, HI 96761
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