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

 

June 9, 2020

Maui Real Estate Advisor - June 2020 Sales Statistics

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. May was a pretty tough month for real estate on Maui. Home sales declined by almost 50% compared to April and what had been a consistent trend of 80 plus units per month.

Condos have been hit even harder. In March there were 156 sales. In May, only 51 condos sold; that's a drop of 67%.

Ready for some good news? Keep reading.

Pending Sales:

Pending sales represent properties that are under contract but have not yet closed. Pendings are the pipeline that tells us how many sales are likely to happen in the next couple of months. 

While sales dropped in May, pendings got a nice little bump, 13% for homes and 24% for condos. That might indicate that actual sales in June could rise or at least remain stable. Maybe we've hit the bottom?

Inventory:

Inventory tells us how many units are available for sale in each category. Inventory has been lacking for some time. At the beginning of this year I thought sales would be off in 2020 due to lack of inventory, not lack of buyers.

Technically we have plenty of inventory to meet the current demand. However, for buyers looking for a home at or under the median price point there is still an under supply.

For buyers of condos there is plenty of supply at today's rate of sales. However, I believe that there is pent-up demand for condos and I expect condo sales will bounce back.

Selling Prices: Average and median sold prices

We look at Average and Median prices in all categories. A lot of people like to know the average price; however, we tend to use median for most of analysis because median is less likely to be skewed by outliers of a few very high priced or very low priced sales.

Even through sales are down, prices are holding. The median for homes hit $800,000 and there is still low inventory at or below that price point. I don't see any indication that that will change, especially as employment starts to come back on Maui and interest rates remain at historic lows. 

The condo median selling price hit the highest point this year at $685,000. So, what's selling? The majority appear to be residential condos, meaning condos in complexes that do not allow short term rental. I think people who want to own their home but can't afford a single family home on Maui are the folks buying these condos.

Days on Market: (avg-sold listings)

The days on market (DOM) is the number of days a property has been on the market until close of escrow. 

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Get more information and details

To get more information on property and trends, you can search all properties listed for sale at www.alohagroupmaui.com. If you can't find what you're looking for there, send us an email to lee@alohapotts.com and we'll do our best to get an answer for you. As we get more requests for information, we'll add new sections to our website, newsletter or both.

About Aloha Group Maui

Aloha Group Maui was founded by L. Lee Potts, MBA, REALTOR R(B), and Barbara S. Potts, MBA, REALTOR R(B) and former California CPA. Our team consists of talented professionals: Angie Liu R(S), Beau Dyer R(B), Cheri Miller R(S), Keri Nicholson R(S), Paul Goodman R(B), Suni Novotny R(S), and Tony Brow R(B). We are business people, and we treat our clients with the same care and service attitude that we would like to receive when we do business. We are in business for pleasure and profit. We expect that most of our clients will enjoy the property they own on Maui (pleasure), and it would be nice for everyone if your property performs well for you (profit). Real estate can be highly speculative, and profits are never guaranteed. So fi you are buying property on Maui, it is a good idea to surround yourself with a professional team. 

Lee Potts is the former President of an international software company and former Marketing VP of a publicly traded franchise organization. Lee and Barbara are both licensed under Keller Williams Realty Maui.

Barbara Potts was a CPA with Ernst and Young before joining Apple Computer back with both Steve's were there (Job and Woz). She was also Director of Strategic Marketing for Grass Valley Group, a division of Tektronix, and a business broker in California.

Lee, Barbara and the team are licensed under Keller Williams Realty Maui.

June 8, 2020

Daily Dose of Vitamin Sea ~ June 8, 2020

Update from Maui ~ your daily dose of "vitamin sea"

We got to eat out in actual restaurant this weekend, it was pure magic:). We also walked by several of our favorites and were happy to note that they were just about as full as they were allowed to be and we heard a lot of happy chatter by servers and patrons alike. 

We are looking forward to more businesses opening and for our sweet little island to be able to share our Aloha once again. 
 
A beautiful sunset (with birds) from The Masters on Kaanapali Hillside. Huge mahalo to Margaret Jones for this peek into her nightly view!
 
"I am not afraid of storms for I am learning to sail my ship."
~Louisa May Alcott
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
June 5, 2020

Daily Dose of Vitamin Sea ~ June 5, 2020

Update from Maui ~ your daily dose of "vitamin sea"

Happy Aloha Friday! 
 
Socially distant happy hour - the perfect way to start the weekend (or any day for that matter!)
 
"We are tied to the ocean. And when we go back to the sea, whether it is to sail or to watch - we are going back from whence we came."
~John F Kennedy
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
June 4, 2020

Daily Dose of Vitamin Sea ~ June 3, 2020

Update from Maui ~ your daily dose of "vitamin sea"

We are grateful for a community that will come together and peacefully honor a fellow human being. It is tradition in Hawaii, when someone passes away, to paddle out to pay respect and honor their life. On Saturday, May 31, hundreds of people paddled out at Launiupoko to honor George Floyd and other black lives that were taken too soon through violent acts of racism. We are proud to be a part of a community that will struggle together to bring about equality, freedom and respect for all people. Thank you to @black_sheep_cinema for the amazing capture of the paddle out. 
 
Sunset on an empty Kaanapali Beach. Not much else needs to be said.
 
"Paradise is here or nowhere: you must take your joy with you or you will never find it."
~Orison Swett Marden
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
June 2, 2020

Daily Dose of Vitamin Sea ~ June 1, 2020

Update from Maui ~ your daily dose of "vitamin sea"

Who else can not believe it is June 1?!? We definitely did not think we would be in the situation we are in, but are thankful for our health and the beautiful place we live. Churches and places of worship opened their doors again yesterday and restaurants are offering dine-in service today. Though the quarantine is still in effect, we are hoping it will only be positive health results and news moving forward. We'll let you know how it goes!
 
This was taken almost a month ago, but other than the whales, not much as changed. The surfers are still surfing and the weather is still beautiful!
 
"Weather is a great bluffer. I guess the same is true of our human society - things can look dark, then a break shows in the clouds, and all is changed."
~E.B. White
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
May 29, 2020

Daily Dose of Vitamin Sea ~ May 29, 2020

Update from Maui ~ your daily dose of "vitamin sea"

Restaurants are slated to open their doors for dine-in service on Monday, June 1 (under new health and safety restrictions). Click here for the guidelines. We're looking forward to sitting down and enjoying some of our favorite restaurants again, but until then, take-out is still available. And now you can take it to the beach!
 
Sometimes our walks take us meandering down the road...
 
"Every sunset brings the promise of a new dawn."
~Ralph Waldo Emerson
 
Stay safe and well. And a huge mahalo to Kathleen Ramey for these beautiful sunset pictures from Kaanapali!
Click here for the latest updates from Maui
Posted in Community, Maui Fun
May 29, 2020

Daily Dose of Vitamin Sea ~ May 27, 2020

Update from Maui ~ your daily dose of "vitamin sea"

We wanted to take a minute to honor all the graduating Seniors in the Class of 2020. This past weekend was supposed to be a celebration (at least here in Hawaii); walking across the stage, having and going to graduation parties and honoring new beginnings. 

One tradition here is honoring seniors with leis (this year they had to put them on themselves) and for Lahainluna, it is lighting up the "L". As a result of the social distancing, regular graduation ceremonies were either changed or delayed and in the case of Lahainaluna graduates, the community came together and shut down a portion of the highway and they had a "car" processional. For graduates at other schools throughout the island, there were a lot of "graduate drive-by parades".

We are thankful that there were still opportunities to celebrate the many years of hard work. Congratulations to the class of 2020!
 
Aloha from still quiet Front Street. Some stores have opened their doors, but more importantly the library (which is located at the end of the ocean in the video) is open for returns and requests! 
 
"Come with me, where dreams are born, and time is never planned."
~Peter Pan
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
May 26, 2020

Daily Dose of Vitamin Sea ~ May 25, 2020

Update from Maui ~ your daily dose of "vitamin sea"

Happy Memorial Day! Mahalo nui loa to all those who have served and sacrificed for the freedoms of our country. We want to take a moment to honor those who are currently serving, who are veterans, and to those that have given the ultimate sacrifice. Always remember. 
 
 
"You will never know what it cost my generation to preserve your freedom. I hope you make good use of it."
~John Adams
 
Stay safe and well.
Click here for the latest updates from Maui
May 25, 2020

Daily Dose of Vitamin Sea ~ May 22, 2020

Update from Maui ~ your daily dose of "vitamin sea"

Happy Aloha Friday! Kaanapali Beach is spectacularly empty, the water is crystal clear and there is a mile of white sand waiting to be relaxed upon. We hope you have a great weekend and that as things slowly start to open and recover that you are able to stay safe and healthy. 
 
 
Out for another beautiful walk. We just can't resist documenting paradise!
 
" 'Cause a little bit of summer is what the whole year is all about."
~John Mayer
 
Stay safe and well.
Click here for the latest updates from Maui
 
May 20, 2020

Daily Dose of Vitamin Sea ~ May 20, 2020

Update from Maui ~ your daily dose of "vitamin sea"

We're loving having the beaches open again, and for the most part it seems as though everyone is being respectful at maintaining their distance and not gathering in large groups. As summer hits and the heat comes in earnest we continue to be thankful that we have a place to go cool off!
 
 
This is one of our favorite places on Maui!
 
"Hope is being able to see that there is light despite all of the darkness."
~Desmond Tutu
 
Stay safe and well.
Click here for the latest updates from Maui