For the year, West Maui sales volume still appears on a healthy trend over 2015. Land transactions are showing gaudy numbers at +50% for the year, with condos sales steady at +24% and residential homes at +12% over 2015. The luxury sector exploded with 5 sales of $3M or more in July, comprising 26% of the year’s volume of 19 total. At the entry end of the market, the lowest priced single family home sold for $525K and 4 condos sold for under $200K.
Masters at Kaanapali saw 3 properties close in July: Low $600K, High $1.15M
For a more in depth look of what happened:
69 properties sold (2016 still up 23% over 2015)
83 went under contract
72 properties came on the market
22 properties sold at $1M or more (32% of all July transactions over $1M)
Aina Nalu in Lahaina still remains a strong vacation rental value: 2-Bed Avg Price $377K for 2016
$185K was the lowest priced fee simple sale (Napili Ridge Condo)
$3.8M was the highest price sale (Montage Condo)
5 properties sold at-or-above $3M (4 homes, 1 condo)
11 properties sold at $400K or less
Wailele Ridge Sales underway! The new lux condo development in Napili had 2 pending sales in July.
Want to Know More?
For a complete list of West Maui January 2016 sales activity, please see the report links below.
Thanks for taking the time to read! – If you have questions or comments about this article, or want information on West Maui real estate opportunities including your home’s value, please feel free to contact me. Or visit my website, which contains comprehensive stats covering the last 22 years of West Maui sales history. Aloha!