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This is where you can find out more about what's new at Aloha Group Maui - new listings, video tours, 3D tours, price adjustments, open houses, our community involvement, and Maui fun!

 

April 24, 2018

Maui Real Estate Advisor - APR 2018

 

March 2018

Sales Statistics

The official month end real estate sales statistics for March are published by the Realtors Association of Maui around mid-month. The numbers in this report were pulled from the Maui MLS on April 1, 2018. These numbers will vary slightly from the official figures due to factors such as late reporting.

SALES

Home and condo sales have both had minute increases in March, but have been essentially steady and flat since the beginning of the year. That is a bit surprising given the decline in inventory. Condo sales mirrored the activity in home sales. Sales remained steady with very small increases for the last 3 months.

PENDING SALES

Pending sales represent properties that are under contract, but have not closed yet. They are an indicator of future sales. Pending condo sales have surged in the last 2 months, up over 20%. A very large number of these pending sales are from a new development in north Kihei, called Kamalani. There was also a large increase in pending home sales. Many of these are new home sales that went under contract in 2017 in Kehalani developments. Those will likely close later this year.

INVENTORY

Inventory tells us how many units are available for sale in each category. Inventory for homes and condos had significant drops in the month. Both currently have less than 5 months of inventory, indicating it is clearly a seller’s market. There are currently only 74 homes listed for sale under the median selling price. There are 200 for sale at $1,500,000 and above.

AVERAGE AND MEDIAN SOLD PRICES

The average selling price for a home dropped by more than 12% in March. This is another indicator, along with high inventory, of a soft “buyer’s” market at the higher price points. The median also declined, but only 1%, which is essentially no change. The average selling price for a condo rose significantly again. But it is still not back to where it was in October of 2017, at $779,107. The increase in the average is all the more interesting given a decline in the median selling price.

DAYS ON MARKET

The days on market is the number of days from the time a listing goes live in the MLS until it closes and is recorded. It is interesting, but is not a good indicator of how long it really takes to sell a particular type of property. That’s because it is an average of all homes from small starter homes that sell quickly to multimillion dollar luxury homes that may take years to sell. The same is true for condos where the type of unit, location, price and buyer motivation may result in a quick sale or the condo may sit on the market waiting for the market to catch up.

 Subscribe to the Maui Real Estate Advisor by sending an email to info@AlohaGroupMaui.com.

 

  

Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section

 

 

April 20, 2018

VIDEO - 1031 Exchange Seminar

 

 

  

Aloha Group Maui's Lee Potts would like to invite YOU to a FREE 1031 Exchange Seminar on Aptil 26 at Kaanapali Shores. We are your Maui Real Estate Professionals!

CLICK to register.

CLICK to learn more about the advantages of using a 1031 Exchange.

 

Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.

April 19, 2018

Aina Nalu Sales Stats Q1 2018

 

From January 1st to March 31st there were 7 listings and 5 closed sales. There weren’t any expired or cancelled listings at the end of the quarter. There was 1 pending sale and 1 active listing at the end of the quarter.

Aloha from your resident experts!

       
At the end of our 1st quarter, there is only one active listing at aina nalu and one in escrow. There were 5 sales in the first quarter, so it is obviously a seller’s market at this time.  The sales included a studio, a one bedroom and three upstairs 2 bedroom 2 bath units. All but one of the 2/2 units were cash sales.

Prices have increased, with the one active 2 bedroom 2 bath upstairs listing priced at $500,000 and one 1 bedroom listing in escrow listed at $375,000, the same price as the last 1 bedroom unit closing. The last two sales of 2 bedroom 2 bath units closed at $475,000. 

Q1 sales were similar to Q4 sales last year, with 5 closings compared to 4 in Q4. Two of those units that closed in Q1 were in escrow at the end of Q4. If we had more inventory, we could sell more!

There is still strong demand for Maui housing in the face of low inventory levels, in spite of increasing interest rates. The Federal Reserve raised its key short-term interest rate by .25 percent in March, citing concerns about inflation. It’s the sixth rate increase by the Fed since December 2015, and at least two more rate increases are expected this year.

Overall Maui condo median prices appear to be somewhat stable. On a year-to-date basis as of the end of Q1 2018, the median price was $475,000, compared to $477,413 a year ago. Months’ supply of inventory is down to 4.7 in March 2018, compared to 7.2 in March 2017.

It’s a great time to sell if you are thinking of doing a tax-free 1031 exchange for a higher priced property or a property in a different location.  We can help with the mechanics, timing and strategy for such moves – call or email if you want to know more.

 

 

CLICK for more information about Aina Nalu.


Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.

April 18, 2018

Honokowai East Unit 411

 

Honokowai East #411

Remodeled With An Ocean View!

420 SF Studio

3660 Lower Honoapiilani Road #411  Lahaina, HI 96761

MLS #377361    $225,000

CLICK FOR MORE INFO AND PIX.

 

Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.

Posted in Listing News
April 17, 2018

New Listing - Lahaina Shores 434

 

Lahaina Shores 434

Ocean View at a Mountain View Price!

416 SF Studio

475 Front Street #434  Lahaina, HI 96761

MLS #378173   $499,000

CLICK FOR MORE INFO AND PIX.

 

Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.

Posted in Listing News
April 16, 2018

KW 2017 Certificate

 

Aloha Group Maui was recently recognized by Keller Williams for our hard work in 2017. We are a part of KW Island Living, the Keller Williams Maui franchise. We are your Maui Real Estate Professionals.

We can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.

 

April 13, 2018

Price Reduced - Kaanapali Shores 223

 

Kaanapali Shores 223

Low Price For a 2 Bedroom West Maui Condo in a Beachfront Complex

3445 Lower Honoapiilani Road #223  Lahaina, HI 96761

2 bed/2 bath  964 sf

MLS #376723   $795,000

CLICK FOR MORE INFO AND PICTURES


 
Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. Aloha Group Maui - Your Maui Real Estate Professionals.

Posted in Listing News
April 12, 2018

Just Sold - 117 Kahana Nui Road

 

Just Sold For $1,100,000

 Kahana Ridge - Recently Renovated with Ocean and Island Views!

 117 Kahana Nui Road  Lahaina, HI 96761

  4 Bed/2.5 Bath/2,084 SF

CLICK FOR MORE PIX & DETAILS!

CLICK for more information on how we can help you BUY your next home.

CLICK for more information on how we can help you SELL your home.

 CLICK for more information about the advantages of a 1031 Exchange.

 

Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell, or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.

Posted in Listing News
April 11, 2018

Kaanapali Shores Unit 432

 

Kaanapali Shores #432

 507 SF Studio

 3445 Lower Honoapiilani Road #432  Lahaina, HI 96761

 MLS #378012    $349,000 

CLICK FOR MORE INFO AND PIX.

 

  Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.

Posted in Listing News
April 10, 2018

Best Of Lahaina - 10th Year in a Row!

 

Aloha Group Maui is proud to have been awarded 2017 Best Of Lahaina for the 10th year in a row!

 

Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell, or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.