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Maui

Residential Home Sales Dominate West Maui Fall Season

As we head into month 12 of 2020, West Maui Residential Home sale volume is up 9% over 2019, which could be considered a shockingly fantastical statistic after what the state of Hawaii and our island has experienced this year. A not so shockingly fantastical statistic is that West Maui condominium sales are down -21% in 2020.

mele komo garden ocean view oahu

The latter statistic is brought to attention as it has way more significance on the future market picture. Condos historically have made up 75%-79% of West Maui’s entire annual sales inventory. With condos and little to zero rental income, what in the past has been hard to show and easy to sell has become easy to show and hard to sell.

With that being said, I am pleased to share with you the most recent West Maui home, land, and condo sales reports for your review — covering Kaanapali, Kapalua, Lahaina, and Launiupoko. You’ll find real estate sales volume, days on market, list versus sold price, price per square foot, and significantly more.

West Maui November 2020 Headlines

For further details on any of the statements below, please refer to the sales reports.

  • Another Impressive Sales Month | 75 Homes, Land & Condos Close
  • Highest Sales Volume Total Since March
  • 30 Home Sales | Best in Many Many Years
  • Market Gaining End of Year Momentum | Volume Off By Only 16%

2020 west maui sales volume

maui sales volume graph

Highest Priced Sales

  • Home – $5.23M | Launiupoko
  • Condo – $3.68M  | Lahaina Town
  • Land – $1.7M | Launiupoko

Lowest Priced Sales

  • Home – $580K | Lahainaluna
  • Condo – $150K | West Maui Trades in Nap/Kah/Honokowai areas
  • Land – $475K | Kaanapali & Olowalu

west maui home sales november 2020

west maui home sales november 2020

west maui condo sales november 2020

west maui condo sales nevember 2020

west maui land sales november 2020

Historical Median & Average Price Comparison

west maui historic sales volume

Year Median Sold Price Median Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
2020 $1,175,000 -5.0% $1,866,078 8% 153 139
2019 $1,236,922 2.4% $1,727,294 -3.2% 173 137
2018 $1,207,500 9.8% $1,785,099 15.4% 188 130
2017 $1,100,000 4.8% $1,546,633 -3.0% 185 139
2016 $1,050,077 5.0% $1,595,145 14.0% 194 147

 

west maui condo average and median sales price

Year Median Sold Price Median Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
2020 $635,500 9.7% $911,769 8.3% 186 459
2019 $579,500 1.7% $841,913 1.0% 182 614
2018 $570,000 4.2% $833,812 2.8% 157 549
2017 $547,000 8.0% $811,436 9.0% 164 482
2016 $506,250 -0.7% $744,555 -3.9% 211 490

 

west maui land median and average sales price

Year Median Sold Price Median Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
2020 $800,000 6.7% $1,140,129 15.1% 204 20
2019 $750,000 -7.7% $990,609 1.1% 256 23
2018 $812,375 -1.5% $979,829 18.1% 526 22
2017 $825,000 -2.9% $829,477 -5.0% 293 33
2016 $850,000 32.3% $873,147 7.0% 294 49

Want to Know More?

If you are in the market for buying or selling West Maui real estate or have any questions about the area or the market in general, please feel free to contact me. I welcome the opportunity to give you information on my previous sales performance and marketing strategies. Or if you’re curious about what your property is worth in today’s market, it would be my pleasure to provide you with property information and a value assessment free of any sales pitch.

Related Articles

Big Trades | West Maui Residential Prices Remain Impressively Strong

Classic & Unparalleled | Kaanapali Villas Flexing Muscles Amid SEE-O-VEE-I-D

Opportunity & Lower Prices Driving Sales at Lahaina’s Aina Nalu

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