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
