Condo Sales Plummet, But Price Stay Steady

Sales:

Sales are the number of properties that actually closed escrow. These properties likely went under contract anywhere from 2 to 8 weeks before closing.

The hot new phrase in real estate is, "we're taking a pause." And we are seeing ...

Real Estate in the Time of Corona

A client called me less than 3 weeks ago with a question. He asked, "Do you expect to see some good buys because of this virus?" The bars and restaurants were still open, the resorts were open, we even had an outing planned ...

February 2020

Maui Real Estate Stats and News

The sales of single family homes dropped to the second lowest level in the last 12 months. Only July of 2019 had fewer sales, but only by one house. However, last January also got the year off to a slow start with ...

2020 Yearend - Sales Statistics

Sales:

At this time last year, we anticipated a slowdown in sales of single family homes at the mid to lower price points. We warned that the lack of inventory would keep prices strong. We made the point that the luxury space has lots of inventory ...

November 2019 - Sales Statistics

As we near the end of the year we are seeing a seasonal slowdown in single family home sales. The 71 sales in November is the second lowest number of sales this year. Only January had fewer sales with 62.

Condo sales, which usually start ...

Mid-Year 2019 Sales Statistics

#1 question in real estate is..."How's the market?" The answer is, it depends on what market you're talking about?

What I seem to be hearing from most of the national sources is that a correction is overdue. It is not particularly clear what ...

April 2019 - Sales Statistics

A dramatic shift may be on the horizon

The Maui real estate market is definitely shifting. Comparing April 2018 to April of 2019, single family home sales are off 17.4% and condo sales dropped 22.2%. This year to date home sales are off by ...

January 2019

Sales Statistics

The beginning of the New Year brings with it continued and heightened discussions of inventory, interest rates, and a shift in the real estate market. The shift in Maui will be exemplified by fewer sales at the mid and lower price points due to lack of ...

Inventory tells the tale of the market

Prices for homes stall while condo prices soar 

How is the market? Well, 2018 got off to a slow start, but at the end of the year sales were up for both homes and condos. Home sales finished up a modest 3 ...