If Whales Bring Sales… Is Now a Good Time to Sell My Maui Property?
We are anticipating a busy Q4 season on Maui. The rare combination of historically low-interest rates and historically low inventory means that now might be an ideal time to sell your property in Maui. Plus whale season is just around the corner, and as they say here: “whales bring sales.”
In Hawaii, whale season — when Humpback Whales migrate to Hawaii from November through April — is traditionally the busiest time for real estate sales. So how’s the market looking this winter, you ask? In Lahaina, Maui, for instance, home sales have been exceeding new inventory for several weeks. As the supply and demand trends continue, the market will probably move into a Seller’s zone, and we are likely to see an uptick on pricing.
Check the Market Report below:
Condo sales? For instance, Puamana in Lahaina… condo sales prices haven’t quite picked up to pre-COVID, but the number of condo sales has been above average (11 sales to date in 2020 and the average is 8 per year). For more information on the busy Puamana real estate market, click here.
As Americans are moving out of the cities, they are attracted to safe, green neighborhoods on our island like Puamana in Lahaina and the Montage in Kapalua. The Montage offers luxurious full-ownership oceanfront residences. Click here for more information. For the ultimate in privacy, check out this amazing $37.5M home on its own peninsula in Kapalua: the ultimate figurative whale of a property in Maui…
Mortgage interest rates are at all-time lows. So, purchasing power is extraordinarily high right now.
Are you curious about the value of your Hawaii Property in today’s market? Try our free Automated Value Report:
Keep in mind this evaluation is general; it doesn’t take into consideration views and upgrades. Contact me to get a more detailed price opinion of your property, free of charge.
Many owners ask if we are able to sell your Maui property should you not be able to travel to the islands; the short answer is yes, for FAQs, click here. For more information on traveling to Hawaii during COVID, click here.
Thank you for reading! By Anna Severson, your West Maui Broker and weekend surfer, pictured above in some of the last South swells of the season…check out the following video for more South swell shots.
As always, please feel free to reach out anytime. Even if it’s just to “talk story” about real estate in Maui. 808-280-1390 or firstname.lastname@example.org