We feature everything from new listings in places such as homes for sale in Kapalua and Kaanapali houses to the latest in real estate news on the island. And this month we are happy to say that it is definitely an ideal time to buy in West Maui, as mortgage rates are still low and prices have not skyrocketed too much…yet. But now is definitely the time to act before prices increase with the demand.
According to the October real estate statistics from the Realtors Association on Maui, prices for homes in West Maui continue to increase and with mortgage rates still at an all-time low, it’s anticipated that more individuals will be ready to make a house purchase in the next coming year.
- Kapalua condos are experiencing an increase in prices to $2,850,000 from $955,000 since October of last year. With only one sold house in Kapalua, it just shows how limited the inventory is.
- Kaanapali condos for sale sold for around $1,890,000. Last year during October, the median sales price in the same area was only $540,000. That’s quite the increase if we do say so ourselves! Home sales prices increased in the Kaanapali neighborhood to $2,225,000 from $1,450,000 during the same time last year.
- Condos in Lahaina saw an increase in median sales price, but not in units sold over last year. Lahaina residential also saw a jump in median price as well as houses sold.
These property listing prices are reflecting the current demand for homes in West Maui so why not get a head start and buy your next house before 2020 hits us and prices increase yet again? If you are interested in seeing what homes are for sale in West Maui, then please do not hesitate to reach out to us by giving us a call or by sending us a message via our contact us page. Make sure to include your name, number, and contact information so we can follow up with you accordingly.
We are always more than willing to meet with new clients such as yourself and help them along their homeownership journey. Have a great rest of the month, and come back next month to see what’s been going on in terms of sales and real estate on Maui for November. We look forward to hearing from you and a hui hou!