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Maui Housing Market Prices Remain Steady in March 2018

According to the Realtors Association of Maui Inc. latest statistics for March, Maui County continues to show resilience in the housing market despite a slow first quarter.
May 12, 2018

According to the Realtors Association of Maui Inc.’s latest statistics for March, Maui County continues to show resilience in the housing market despite a slow first quarter.

The latest Maui real estate statistics report shows that property for sale inventory is low and there appear to be fewer closed sales this year compared to the same time in 2017. However, while there may be fewer homes and condos up for sale, there’s been a steady demand from buyers to keep home prices increasing for the foreseeable future. This is great news!

According to the recent report, new listings for homes have decreased 33.3 percent for single-family homes but have increased to 5.8 percent for condominium homes. Pending sales have decreased by 2.3 percent for single family homes but have increased 31 percent for condominium homes during a year over year analysis. Meanwhile, inventory decreased by 19.8 percent for single-family homes and 25.5 percent for condominium homes.

So while inventory is down, prices remain steady and condominium homes are proving to be a good investment. The median sales prices did, however, decrease for single-family homes by a little more than 10 percent over a year analysis, but the price of condominium homes have increased by 15.4 percent to $450,000. The number of days on the market increased 15.3 percent for single family homes but decreased 11.5 percent for condominium homes. Months supply of inventory decreased 25 percent for single-family homes and 34.7 percent for condominium homes.

Another interesting find in the report is that experts believe borrowing money will be more expensive, particularly for home equity loans, credit cards, and adjustable rate mortgages. However, with wages expected to rise and the national unemployment relatively low, the market will be able to handle this change just fine.

So, if you’re planning on investing in your next home in South Maui or somewhere else, then let Mark and Lisa help you. As experts in all things real estate in Hawaii, we have a wide-selection of Maui homes and condos to choose from that will surely appeal to your needs. Whether you’re considering buying a home upcountry or are looking for a condo in Lahaina, we have plenty of options available for you that will help make your next Hawaii home purchase smooth and easy. Contact us today. We hope to see you soon and a hui hou!

Blogs for May 2018

Jazz Up Your 4th of July Celebration in Lahaina

Posted on May 18, 2018


This 4th of July you can enjoy amazing fireworks on the island of Maui alongside the soulful tunes of some stellar jazz musicians.

Starting at 4 and 5 p.m. on our nation’s Independence Day, jazz music will take over the west side of the island with outdoor concerts… Continue Reading

Maui Housing Market Prices Remain Steady in March 2018

Posted on May 12, 2018

According to the Realtors Association of Maui Inc.’s latest statistics for March, Maui County continues to show resilience in the housing market despite a slow first quarter.

The latest Maui real estate statistics report shows that property for sale inventory is low and there appear to be fewer closed… Continue Reading

Fun Things to do in Maui Hawaii - Top Adventure Activities

Posted on May 04, 2018


Are you planning your next vacation to the beautiful island of Maui? If so, then you’ve already made a great decision! After you have purchased your tickets, bought the sunscreen (reef safe, of course) and told the kids the exciting news, then there’s probably only one thing… 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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