While today’s weather isn’t your normal sunny Maui day, South Maui’s real estate market seems to be doing just fine. There are 171 properties under contract ranging in price from $115,000 to $22,000,000 with an average days on market being 142 days and an estimated value of $191,608,336. Not bad for a market where we’ve had a new, unproven President with rising interest rates. What are people buying?Ocean front in all different price ranges, whether it be condominiums or homes. Of the 62 homes pending, 20 of the are above the $1,000,000 price point. At the other end of the spectrum, condominiums in complexes such as Southpointe, Kihei Villages, Keonekai Villages and Kihei Kai Nani are experiencing a selling off of inventory. Why? Many of the units are at about $350,000 or less which is an affordable price range for many people.
Since you are reading this blog, you must be interested in Maui real estate. I’ve either met you at an open house or the god’s of the search engines brought me to you. Buy Maui now, especially vacation rentable properties or ocean front homes and condominiums. All of the construction you see around Maui is either residential condominiums or neighborhoods. There aren’t any new vacation rentable condominiums being built and as Maui continues to be an awesome place to vacation, those properties will become more desirable. Ocean front speaks for itself.
Thank you for taking the time to read this little post. Should you have questions or just want to sell your property, please get in touch with me and lets see if we are a match.