South Maui Fee Simple Residential Condo Sales Volume – Jan. 1st to April 30th, 2018
Residential condos are properties where short term vacation rentals are not allowed. If you look into this type of condo as an investment, only long term rentals are allowed; leases have to be a minimum of 180 days. Most buyers of residential condos are looking for a primary or a second home.
This year, South Maui ended up with 122 closed sales, at the time this blog was written, which is 55.7% increase in sales volume compared to the 68 closed sales of Fee Simple residential condos during the same time last year. The closing of several units at a new project in Wailea called Keala O’ Wailea skewed the numbers with 27 closings. The graph below shows the breakdown of sales volumes in different price points:
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