When it comes to real estate on Maui, we love to stay up to date about the market so we can inform interested buyers such as yourself about the latest in Hawaii real estate market. That is why each and every month we like to feature a blog post about the latest property listings statistics for our market, and would love to help you learn more about what is happening here so you can position yourself properly and buy the best home for sale for just the right price. And we are here to tell you that October 2019 was yet another great month for the real estate market here in South Maui, especially when it comes to condos for sale.
According to the October 2019 real estate statistics from the Realtors Association of Maui, condos sold for much more in places such as Wailea, Makena and Kihei.
- The price for condos of Wailea and Makena real estate jumped from $862,689 in October of 2018 to $1,520,000 this year. There were only 3 sales compared to last years 13 showing inventory is low.
- Kihei properties also experienced a spike in prices. The median sales price of Kihei condos went up from $435,000 to $499,000, and as for homes, the median sales price increased from October of last year to this year from $749,000 to $752,500. While this may not be a large jump, it is an indicator that prices are likely to continue to increase into the next year.
Experts are saying that buyer demand is likely to increase as low mortgage rates are anticipated to continue during the next few months. That means with more people ready to invest in home real estate, we may be seeing an increase in house prices so it would be wise to act now.
If you feel inspired to start looking at properties on Maui before the end of the year and before prices gradually increase into 2020, then please do not hesitate to reach out to us here. Visit our contact us page and let us know what you are looking for in terms of properties for sale on the island. In the meantime, continue checking out our new listings and scroll through the images to get a closer look at some of the incredible real estate for sale on our beautiful island of Maui. We look forward to hearing from you soon, and hope you will have a great day. A hui hou.