South Maui Fee Simple Vacation Rental Condo Sales Volume Jan. 1st to April 30th, 2018.
So, another high season has come to an end in South Maui. In case you are not familiar with the area, that accounts for Maalaea, Kihei, Wailea, and Makena.
This year, South Maui ended up with 127 closed sales, at the time this blog was written, which is a 17% drop in sales volume compared to the 153 closed sales of Fee Simple vacation rental condos during the same time last year. The median sold price was about 2% higher during the same period in 2018 though. The graph below shows the breakdown of sales volumes in different price points:
In my opinion, we had another strong high season. Property values have gone up and the market is still showing signs of strength. Let’s see what happens during low season!
I would be happy to prepare a complimentary market analysis, personalized for your property, inquiry or specific area desired, and send it to you via email. Just let me know.
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