Every day I am asked, "How's the Market"? I usually answer, "It depends", because depending on what area of Maui you are referring to and the price point the answer can vary widely as evidenced in this month's statistics. Condo sales that were lagging are picking up steam especially in Kihei. Homes in Central priced under 400k are seeing multiple offers and bidding wars. Our luxury Market in Wailea is seeing movement especially in the one million dollar price point and buyers still have a larger inventory to choose from in the 1-2million dollar range. Significant Average Price increase is being noted in the Wailea Makena area. Lahaina and Napili are seeing good price increases but Kapalua with little sold shows a decrease. Lahaina sales continue to be bolstered by the Honua Kai development.
Current Absorption Rate base on this month’s Active inventory divided by March Sales is:
Residential = 9.6 months, Condo = 8.7 months, Land = 24.4 months.
To understand your area please contact us so we can go over in detail with you the statistics and what that means in regard to your Real Estate goals.
It is our pleasure always to assist you with aloha and no pressure service.
Click the link below to view the full report from the Maui Association of Realtors
With Aloha, Gina Duncan, R (S)
www.fineislandproperties.com
Your Trusted Maui Realtor and Your Guide to Maui Real Estate
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