After reviewing the year end stats, the Maui real estate market has been on an appropriate pathway. Looking at two years, 2018 vs 2017, you are able to comprehend a full revolution and evaluate closely.
Residential average sales prices for the entire island of Maui, Lanai, & Molokai were identical from the previous year. There were no increase or decrease in the average sales prices, when looking 2018 compared to 2017 .
As for fee simple condos, the average sales price for the entire Maui County, increased 5.9%. Kapalua & the Montage were contributing factors to the increase in the average sales price for condominiums. The development had matured significantly in 2018.
While reading the newspapers or various articles, they always highlight Median Sales Prices. As we are all aware, the Median prices are hard to gage. It is best to reflect on the average sales price.
There is a movement with Sellers around Maui. Not to say they are leaving the island, we are seeing a transition to either a bigger property or downsizing to condo living. Depending on age, school district, health, or proximity to work, the economizing or advancement differs from client to client.
If you love numbers, contact Kimberly for an excel spreadsheet, CMA, or rental revenue. Your Maui specialist, Kimberly Gurgone, will happily devote her time to see you have all the material needed to proceed with your real estate purchase.
