West Maui May 2023 Statistics - Sakamoto Properties

West Maui May 2023 Statistics

Home » Maui Real Estate Market » West Maui May 2023 Statistics
June 12, 2023

Residential May sales in West Maui:

increased to 9 homes sold (April had 5 sales). The Two-year monthly average is 12.3 sales.

The Residential median price increased to $3,244,136 (April was $1,800,000). The Median Days on Market to sell a home was 129 days (up from April’s 75 DOM).

May’s Condominium sales in West Maui:

Condominium sales increased to 33 units sold (30 units sold in April). Higher interest rates have decreased sales numbers beginning in July ‘22.  The Two-year monthly average is 52.7 sales.

The Condominium median price held steady at $920,000 (April was $919,500).

Median Days on Market for a condo to sell was 70 days (down from April’s 81 DOM).

West Maui Total (528) sales for immediate past 12months:

Residential = 115 (with 3.5%being foreclosure-REO or Short Sale), Condo = 413 (2.2% REO or SS).

In the last 12 months, on Maui’s West Side:

37% of Residential Sales were cash,

48% of Condo Sales were cash.

To see the full report, check out our Hawaii Luxury Real Estate Market Trends



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