There’s no shortage of Maui lovers who have been thinking of buying but waiting for the right opportunity, and are calling me now to see if that time has arrived. That “Maui Hangover” one feels when leaving the island is as bad, as the feeling is good on the flight over for a long carefree trip to the land of Aloha. I get it … when Maui calls, it’s relentless and nothing quenches that call like having your home that awaits you when you can’t be here.
I am not seeing a lot of prices dropping, or new listings flooding the market. As a matter of fact, prices are not moving much if at all, and new listings are almost stalled. So does that mean the investment property owners are not motivated, are not motivated yet, or won’t become motivated to drop prices and list their properties? There are many different possible circumstances, scenarios, and responses to the state of the world, real estate market on Maui, and personal situations that make this hard to predict or discern. It is especially difficult to discern trends from limited data points, and that is what we are seeing now. Very few data points as the market has slowed to a crawl, so the numbers and indicators are skewed. I’m available to have a conversation about this if you would like. For now, I’m going to share all the data you’ll need to make your own discernment, and let it speak for itself. The beauty of the data I’m going to share, is that it is dynamic! Which means, you can keep coming back to this page, hitting refresh, and getting live updates. As time moves forward, and the market starts increasing in its transaction volume, these statistics become more and more relevant indicators of the market conditions.
The DYNAMIC MARKET STATISTICS display what is happening in micro-markets on Maui so you can observe the numbers real-time and first hand. They are at the end of this blog. Feel free to send requests for specific posts of this type of market data to help you with your realty needs.
Below are three tables with current listing data on specific oceanfront, short term renatable condos on West Maui. They are sorted by Price Date, to answer the questions I’m getting about if and when a bunch of new listings has/will hit the Maui MLS. By sorting it by price date, it is easy to discern how many new listings or price drops there have been during timeline of Covid-19 milestones and the impacts of the global economy.
Below is a specific table for a special client who initiated this blog. Followed by two more tables that are more general to West Maui at different price points, above and below $1M.
KA’ANAPALI ACTIVE OCEANFRONT CONDOS, SHORT TERM RENATABLE (STVR), FEE SIMPLE, BETWEEN $500K – $1M
MAUI WEST SIDE ACTIVE OCEANFRONT CONDOS, SHORT TERM RENTALS (STVR), FEE SIMPLE, UNDER $1M
MAUI WEST SIDE ACTIVE OCEANFRONT CONDOS, SHORT TERM RENTAL (STVR), FEE SIMPLE, OVER $1M
DYNAMIC MARKET STATISTICS ON MAUI
These statistics will auto-update with each page refresh. Please note: when using dynamic stats they are generated in real time, so if the server is down and it shows up as empty boxes with no graphs, please try again in a few minutes, it should refresh soon 🙂
Please post your questions or comments below, or feel free to email, text or call.
E Malama Pono Ko Okou Mau Kino, a hui hou.
(“Stay safe and be well, until we talk again”)