Keep in mind that Maui statistically averages 55 closings per week, so we are 20% off from the typical closing volume likely due to the corona virus shutdown.Įric’s Weekly Pick Maui for Best Price Reduction: Check out this 29% discount (from $2,098,000 to $1,500,000) a price reduction of $598,000 from the original asking price at 34 Hale Makai place in Kahana. Seven of those price reductions were more than 20%, with the highest at 38%! Click to see the home in Wailea that dropped $2.5M in price!Ĭlosings held steady at 43 closed transactions for $48M in dollar volume. With 25 price reductions totaling just over $5M in discounts. The average price reductions rose from 8% to 13% from the previous week. This week was a banner week for price reductions and new listings, while closings held very steady. It is both a snapshot of what the market is doing right now with the most recent price reductions along with the top 20 best deals for homes, land and condos (based on the best value price per square foot or price per acre), along with new properties (homes, condos and land) listed for sale and all historical sales on Maui going back to 2018. This weekly report is a fully interactive, dynamic Google Sheets spreadsheet that is updated weekly with live links to all of the data. (Scroll down to see embedded spreadsheet below)
The purpose of this report is to give you the absolute best tools to shop, research and ultimately buy or sell a property on Maui Hawaii. Maui Real Estate Market Watch April 28, 2020Īloha and Welcome to another edition of the Maui Real Estate market watch!
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