I think we can all agree that 2020 was quite the year and one we don't want to repeat! We weren't sure what to expect with the strict travel restrictions in place from mid-March until mid-November and aren't surprised to see that the number of sales decreased by half. One thing we were surprised by was that the prices of the sales stayed steady with what they were during the first half of the year despite the lack of visitors. Technology has been essential for communication and virtual showings during this time.
During the second half of 2020 there were 5 sales and 2 properties in escrow at the end of the six months. There was 1 cancelled listing and 0 expired.
Both inventory and number of sales at Kaanapali Shores between 2019 and 2020 have only a difference of 1 and median sales prices for condos on Maui rose towards the end of the year. So it doesn't seem as if this COVID thing is shutting down the real estate market and if anything is emphasizing the value of having a piece of paradise to either work from or escape to.
Currently we have our office on the ground floor near the gym, and we are open again with masks and social distancing and if you're comfortable we look forward to meeting with you again when you're on property!