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February Real Estate Market Report

The latest Real Estate Market Report from the Realtors Association of Maui says there are three prominent national market trends occuring over a year to year assessment for February.
March 09, 2018


The latest Real Estate Market Report from the Realtors Association of Maui says there are three prominent national market trends occurring over a year to year assessment for February.

These trends include the ongoing lack of inventory, the steadily upward movement of home prices and year-over-year declines in home sales. According to the report, the decline in sales is a result of there being fewer homes on the market available for buyers. That being said, there’s no lack in demand for homes, as homes are selling for higher prices and causing more competitive bidding. Sellers are encouraged to take advantage of what experts are calling a buyers’ market.

The latest report shows that new listings decreased from February of 2017 to February of 2018 by 8.3 percent for single homes and 6.5 percent for condominium homes. Pending sales also decreased by 11.3 percent for single-family homes but increased 26.4 percent for condominium homes in the same year-over-year assessment. As mentioned before, the trend of decreased inventory continues and it appears as if inventory decreased by 13.5 percent for single-family homes and 25.6 percent for condominium homes.

While inventory decreases, sales have actually increased. The median sales price increased by 1.8 percent to $685,000 for single family homes and 1.6 percent to $472,500 for condominium homes. Single-family homes are also spending less time on the market, whereas condominium homes are staying on the market for longer periods of time. The report shows that the number of days on the market decreased by 10.5 percent for single-family homes but increased 2 percent for condominium homes.

A months supply of inventory also decreased 22.9 percent for single-family homes and 33.8 percent for condominium homes. It also appears that last month mortgage rates continued to rise.

This information shows that now is a great time to put your home up for sale. If you have a home on Maui and are thinking about selling it, let Real Estate Maui Hawaii help you. Our experienced realtors are poised to sell your home at the best possible price. If you’re interested in hearing how happy some of our customers have been, then please take a moment and review our testimonial page. We hope you take advantage of this opportunity and get in contact with us today. Mahalo! 

Blogs for March 2018

Take a Walk for a Cause this May

Posted on March 30, 2018


Calling on women who want to make a difference this Spring! If you are looking to make an impact in the Maui community, we have the perfect event for you. This May, you will have a chance to participate in a good cause that has a positive… Continue Reading

Make Finding Your Next Condo on Maui a Breeze with Our Database

Posted on March 23, 2018


Here at Real Estate Maui Hawaii, we completely understand how challenging the hunt for your next condo on Maui may seem at first. With so many options to choose from, it’s hard to know where to even start. But don’t worry, we got your back. Our helpful… Continue Reading

Live in Luxury at the Wailea Fairway Estates

Posted on March 16, 2018


Here at Real Estate Maui Hawaii, we’re committed to giving you guys the best real estate options in all of Maui. One of those top locations just happens to be the Wailea Fairway Estates in the beautiful and stunning area of South Maui.

If you’re thinking about moving… Continue Reading

February Real Estate Market Report

Posted on March 09, 2018


The latest Real Estate Market Report from the Realtors Association of Maui says there are three prominent national market trends occurring over a year to year assessment for February.

These trends include the ongoing lack of inventory, the steadily upward movement of home prices and year-over-year declines in… Continue Reading

Where to go for the Best Sushi in South Maui

Posted on March 02, 2018

Have you ever wondered, "What's the best sushi place in Maui near me?". Well, sushi lovers look no further, we have some suggestions for you to check out in South Maui!

Let’s say you’re staying in Kihei and you’ve spent the entire day on the beach. You’re tired and don’t… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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