We know what you’re thinking. Is it possible to ever make your dream of being a homeowner on Maui come true? Well, anything is possible but first, you will need to collect all the facts, data, and information available to help you make this a reality!
When discussing purchasing Maui real estate, many may try to tell you that it’s so expensive. People often jump to conclusions before considering the facts, which is why our Realtors are here to help you understand what the average cost for a home on Maui actually is.
In the past Hawaii has gained a reputation for being one of the more pricey places for a real estate investment. A 2015 home listing assessment by Coldwell Banker made the news when it named the island chain a state with the highest average list price. Back then a four-bedroom, two bath Hawaii home for sale could be found for $654,648 but that was then and this is now.
The September 2018 report from the Realtors Association of Maui assesses the housing market over a year to year period and shows the current average listing price for homes or at least the median sales prices on Maui is $754,248 for single family homes and $501,000 for condominium homes. The average sales cost during the month of September 2018 is $884,347. While that may sound like a lot of money, think of it as a potential investment. While prices are high, homes in Maui are also selling for higher prices.
With all the numbers and information, purchasing a home in Hawaii can be overwhelming especially if your Maui MLS search is being made off the island. Our professional Maui real estate agents, Mark and Lisa, are well-versed in the market trends and are equipped to guide you through the process. So take the time to look at the homes for sale and contact us with any questions.