Welcome to this Hawaii life, where we will be taking a closer look at the real estate market in West Maui. If you are considering buying or selling property in this area, this blog will provide you with the straight forward data you need to make informed decisions.
As we delve into the real estate market in West Maui, we cannot ignore the slowing market, which has been impacted by a variety of factors, including tougher restrictions on lending, including higher than normal interest rates. Then there is inventory, or the lack of it, however that story is changing. The major statistic to understand to be concerned with is sales volume. In West Maui we are in an over-correction state with individual unit sales being drastically down even compared to normal market years. Despite these challenges, it's worth noting that prices are still very strong, but we have seen price decreases occurring at a much higher rate than in previous years.
For your review we have included West Maui home, land, and condo sales reports, covering some of the most popular areas in the region, including Kaanapali, Kapalua, Lahaina, and Launiupoko. We'll be taking a detailed look at the 2023 First Quarter real estate sales volume, days on market, list versus sold price, price per square foot, and many other important metrics that will help you understand the current state of the market.
We understand that the Maui real estate market can be complex, and that's why we will be providing you with clear and concise information to help you navigate the market with ease. By the end of this blog, you will have a solid understanding of the real estate landscape in West Maui, giving you the confidence you need to make informed decisions about your real estate investments.
So, whether you are a buyer, seller, or investor, join us on this journey as we explore the latest trends and developments in the West Maui real estate market. Get ready to dive into the data and gain a deeper understanding of this unique and dynamic market.
Q1 2023 West Maui Real Estate Sales Stats
2023 - 3/31/23
West Maui Homes
- 26 sold
- avg list $4.3M
- avg sale $3.99M
- med list $2.33M
- med sale $2M
- high $20,750,000
- low $795K
West Maui Condos
- 84 sold
- avg list $1.14M
- avg sale $1.11M
- med list $849K
- med sale $865K
- high $5.25M
West Maui Land
- 3 sold
- avg list $1.06M
- avg sale $948K
- med list $975K
- med sale $940K
- high $1.12M
- low $780K
West Maui Real Estate By Comparison
- 113 units sold
- 37.66 units sold per month
-52% from 2022
-58% from 2021 - Currently, there are 63 units pending escrow
- 176 properties are actively listed in West Maui
Interested in buying or selling in West Maui? Jeff Onderko, a local real estate professional, would be happy to answer your real estate questions and help you find the perfect Lahaina home for your family.
