Maui Hawaii Real Estate Market Report For Condominiums April, 2020

By
Real Estate Agent with Keller Williams Realty Maui RS-79390

Maui Condo Report For April 2020:

This is the April, 2020 condominium market report for condos sold on Maui Hawaii through March, 2020.

In March 159 condominiums sold on Maui with a median price of $555,000 and an average price of $786,416. At the end of March there were 521 condominiums for sale on Maui which is approximately 4.2 months of inventory. Kihei had the highest number of sold condos with 54 in March while Kaanapali had the highest median sale price for sold condos with a median sale price of $1,820,000 in March.

*With it being three months into the year there is not enough data to support any new trends. 

**COVID-19 will likely have an impact on the Maui Real Estate Market. It is too early to tell how it may affect the local housing market. With Real Estate Agents considered nonessential throughout Maui County through parts of March and April no showings of homes or condominiums were allowed. This will affect pending condo sales for March, 2020 and closed sales starting in April, 2020. We will likely see a decrease in listings starting in March as well as an increase in listings being taken off the market temporarily or canceled. It may take 30 to 60 days to see the affect COVID-19 will have on the Maui real estate market.

 

Maui Condo Sales Year To Date: Through March 420 total condos have sold on Maui with a median price of $555,000 and an average price of $722,852. This includes both fee simple and leasehold condos. The median sale price has increased 7.7% during 2020. The average sale price has increased 3.1% during 2020. Kihei has the highest number of sold condos during 2020 with 143 total sales while Kapalua has the highest median sale price for sold condos with a median sale price of $1,200,000 during 2020. The average Days On Market for sold condominiums on Maui is 138 during 2020. Maui condos have sold for an average of 97.5% of list price during 2020.

 

2019 Maui Condo Sales: 1,606 total condos sold on Maui with a median price of $515,500 and an average price of $700,943. This includes both fee simple and leasehold condos. The median sale price increased 3.1% during 2019. The average sale price decreased 3.1% during 2019. Kihei had the highest number of sold condos during 2019 with 643 total sales while Wailea/Makena had the highest median sale price for sold condos with a median sale price of $1,199,000 during 2019. 

 

Maui Fee Simple Condo Sales Year To Date: Through March, 388 total fee simple condos have sold on Maui with a median price of $582,950 and an average price of $753,763. The median sale price for fee simple condos has increased 11.% during 2020. The average sale price for fee simple condos has increased 4.7% during 2020. Kihei has the highest number of sold fee simple condos through March 2020 with 139 total sales while Kapalua has the highest median sale price for sold fee simple condos with a median sale price of $1,200,000 through March 2020.

 

2019 Fee Simple Maui Condo Sales: 1,536 total fee simple condos sold on Maui with a median price of $525,000 and an average price of $720,007. The median sale price for fee simple condominiums increased 3.1% during 2019. The average sale price for fee simple condominiums decreased 3.1% during 2019. Kihei had the highest number of sold fee simple condos during 2019 with 637 total sales while Wailea/Makena had the highest median sale price for sold fee simple condos with a median sale price of $1,199,000 during 2019.

 

Maui Leasehold Condo Sales Year To Date: Through March, 32 total leasehold condos have sold on Maui with a median price of $294,000 and an average price of $348,063. Napili/Kahana/Honokowai has the highest number of sold leasehold condos through March 2020 with 14 total sales while Kaanapali has the highest median sale price for sold leasehold condos with a median sale price of $345,000 through March, 2020.

 

2019 Leasehold Maui Condo Sales: 70 total leasehold condos sold on Maui with a median price of $237,500 and an average price of $282,624. Napili/Kahana/Honokowai had the highest number of sold leasehold condos during 2019 with 37 total sales while Kihei had the highest median sale price for sold leasehold condos with a median sale price of $480,950 during 2019.

 

Maui Condo Sales March, 2020:

Maui sales activity for condominiums sold during March 2020. Maui condo Realtor Jesse Coffey.

Maui Condo Sales Year To Date Through March, 2020:

Maui sales activity for condominiums sold through March 2020. Maui condo Realtor Jesse Coffey.

Maui Fee Simple Condo Sales Year To Date Through March, 2020:

Maui sales activity for fee simple condominiums sold through March 2020. Maui condo Realtor Jesse Coffey.

Maui Leasehold Condo Sales Year To Date Through March, 2020:

Maui sales activity for leasehold condominiums sold through March 2020. Maui condo Realtor Jesse Coffey.

Maui Condo Search

 

Original post at https://www.mauihawaiihomesearch.com/blog/maui-hawaii-real-estate-market-report-for-condominiums-april-2020/

Posted by
Jesse Coffey - Realtor
285 W Kaahumanu Ave #201
Kahului, HI. 96732
Ph  (916) 872-7775
Hawaii RS-79390
California BRE #01879755
 
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Realtors Association of Maui
California Association of Realtors
Placer County Association of Realtors
 
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Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA, ABR, SRS

Thank you for keeping us posted and up to date. Best of luck!

Apr 25, 2020 08:43 AM #1
Rainmaker
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Jesse Coffey
Keller Williams Realty Maui - Lahaina, HI

 Mahalo Jeremy K. Frost!

Apr 25, 2020 10:45 AM #2
Rainmaker
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

Apr 30, 2020 11:27 PM #3
Rainmaker
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Jesse Coffey
Keller Williams Realty Maui - Lahaina, HI

 Thank you Sally Crane!

May 01, 2020 03:19 PM #4
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