Whether you’re looking for Hawaii property investments such as Kapalua condo sales, luxury homes for sale or maybe even land for sale in Kaanapali, we have just about everything you could possibly be looking for in terms of West Maui real estate right here on our website. That’s why we like to keep you up to date regarding the latest market trends in the Maui real estate market!
According to the August 2019 statistics from the Realtors Association of Maui, property sales are remaining strong but there are some concerns about housing affordability. Regardless, there are still some signs of a strong residential real estate market here in West Maui.
● 4 Kapalua houses sold, up from 1 sold
● 4 condos in Kapalua sold, down from 5 sold
● 3 Kaanapali homes sold, up from 1 sold
● 9 Kaanapali condos sold, down from 10 sold
● 7 Lahaina houses sold, up from 5 sold
● 8 condos in Lahaina sold, down from 14 sold
● 3 homes sold - same as the previous month. The median sales price was up to $1,200,000 in August from $920,000.
● 13 condos sold, down from 24 sold in July
In terms of the whole island, drops seem to be a trend. New listings decreased by 14.8 percent for single-family homes and 21.4 percent for condominium homes. Pending sales decreased by 3.3 percent for single-family homes but increased slightly by 0.8 percent for condominium homes. Inventory decreased for both single-family homes and condos on the island.
According to the report, the Federal Reserve lowered its interest rate on July 31, which offered all-time lows to help bring relief. However, the lack of affordability in inventory and high housing prices are still impacting buyers on a national level. Now maybe as good a time as any to buy as the future is uncertain at this point. If you’re interested in buying a home on Maui, then contact us so we can get you ahead of the game. Let us know what you’re looking for and how we might be able to help you.
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Whether you’re looking for Hawaii property investments such as Kapalua condo sales, luxury homes for sale or maybe even land for sale in Kaanapali, we have just about everything you could possibly be looking for in terms of West Maui real estate right here on our website. That’s… Continue Reading
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