Let's start off with how Maui's real estate did for the last week of April....
New escrows were down slightly this past week 45 versus 34 from the week before. Total pending properties were up significantly from the week before while active inventory went down compared to the week before in the categories I track.
Total Active Listings (Res, Condo, Land) this week is 573 versus 593 last week across the whole MLS, and Total Pending (Res, Condo, Land) is 373 versus 360 last week, up from the week before.
There were 16 price changes in the last 7 days and all 16 of those were price decreases.
There were 39 new listings (Res, Condo, Land) this past week and 9 have gone pending within the first week of listing.
45 new escrows this past week on Maui in the markets I track. 26 Condos, 16 homes, and 3 land parcels.
This is normal for how the market usually does for this time of year. As the mainland gets warmer, less people are on island so things slow down. How did South Maui's real estate market fare?
51 single family homes are on the market in South Maui. List prices range from $789,000 to $33,900,000. Median list price is $3,200,000. 83 Condominiums are active on the market ranging in price from $448,000 to $17,500,000. Median price is $908,700. 16 parcels of land round out the South Maui market. Prices range from $399,000 to $14,995,000. Median price is $3,747,500.