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Maui Condo Real Estate Prices Increase by 27 Percent

Get all the latest on the real estate mark trends in Maui. According to the latest August 2018 statistics from the Maui Realtors Association, new listings are down on Maui but prices for condominium homes continue to increase.
October 05, 2018

According to the latest statistics from the Maui Realtors Association, new listings are down on Maui but prices for condominium homes continue to increase.

The latest report states that new listings on Maui for single family homes and condos both decreased during the month of August. Single residential family homes decreased by 18.1 percent and 25 percent for condominiums. The good news is sale prices increased by 27.5 percent to $700,000 for condos on Maui.

Other findings for South Maui during the month of August include, single family homes in Maui Meadows had one unit sold at $815,000, that’s down from seven sales in the same neighborhood last month and comes with a median sales price of $1,395,000. During the same time last year, six units were sold with a median sales price of $1,006,250.

Kihei real estate saw 20 condo units sold during the month of August with a median sales price of $731,000. Last month there were 17 homes sold at a median sales price of $725,000 and during the same time last year, there were 15 units sold at $689,500. In Wailea real estate there were two units sold at a median sales price of $1,445,000, seven units sold last month with median sales at $2,430,000. No homes were sold in the same neighborhood during the same time last year.

As for South Maui condominiums, Kihei had 51 units sold at a median price of $425,000. Last month 52 were sold with a median sales price of $388,000. There were 49 units sold during the same time last year with a median sales price of $385,000. In Wailea, 19 condos were sold at a median sales price of $1,101,217, 19 were sold last month at $1,375,000 and five were sold during the same time last year at $1,900,000.

On Maui overall, pending sales decreased by 6.1 percent for single family homes and 22.8 percent for condos. Inventory decreased by 15.7 percent for single family homes and 18.4 percent for condos. Months supply of inventory decreased by 13.1 percent for single family homes and 25 percent for condos.

Keep following our blog here at Real Estate Maui Hawaii to stay up to date about the latest in all things real estate on Maui. If you’re interested in buying a home in Maui or would like to see homes for sale in Maui, check out our latest listings. View our homes for sale in South Maui and contact us today with any questions you may have.

Blogs for October 2018

Celebrate Maui Local Vendors at the Made in Maui County Festival

Posted on October 26, 2018

One of the Valley Isle’s most exciting and sought-after events has got to be the annual Made in Maui County Festival. Every year, this special event brings together so many talented entrepreneurs from the island of Maui, Molokai, and Lanai to showcase their passion and work to the… Continue Reading

Hot Hawaii Vacation Condo Real Estate Investment at Hoolei Grand Wailea

Posted on October 19, 2018


If you’re living on Maui and are looking for a new home or are considering investing in your next property, we have an incredible place in mind for you! Everyone loves Maui because of the peaceful and laidback lifestyle, white sandy beaches, and views that just can’t… Continue Reading

PGA Tour Golf Event 2019 Sentry Tournament of Champions this January

Posted on October 12, 2018


Tickets are on sale now for this special golf sporting event that kicks off at The Plantation Course in Kapalua. Prices vary as there will be special offers and different packages including a kamaaina discount for $25 all day pass. 

The annual golf tournament is only for professional… Continue Reading

Maui Condo Real Estate Prices Increase by 27 Percent

Posted on October 05, 2018

According to the latest statistics from the Maui Realtors Association, new listings are down on Maui but prices for condominium homes continue to increase.

The latest report states that new listings on Maui for single family homes and condos both decreased during the month of August. Single residential family homes… 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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