When it comes to investing in luxury real estate in Maui, there are many factors to consider. You might be wondering when the best time to buy might be, or how much you might have to pay if the real estate market drops or increases. If these questions are lingering in your head, contact us and our luxury Maui realtors will help guide you through the real estate process!
But for now, let us fill you in on Maui real estate market trends from April 2019. During April, Maui saw an overall decrease in new listings of about 8.7 percent for single-family residential houses but an increase of 14.4 percent for condominiums. Pending sales increased by around 24 percent for single-family residential homes but decreased by 4.8 percent for condos. Inventory for both single-family houses and condos saw a decrease with inventory lowering by 11.8 percent for single family homes and 16.1 percent for condo homes. And while there may be less inventory, median sales prices increased by 12 percent to $819,500 for single family homes and decreased 13.1 percent to $440,000 for condominium.
Full Article Here: Check Out The West Maui Real Estate Market Stats For April 2019