As a whole the island seems a little busier. There are about a dozen private jets at the airport and the beaches were super packed this past week. But open houses were a little hit and miss. Some days I had a steady flow of lookers then followed by a day where it was me and my thoughts. Things are happening though, check out the stats for the island....
New escrows stayed level this past week 37 versus 38 from the week before . Total pending properties overall went up slightly from the week before while active inventory went down slightly compared to the week before in the categories I track.
Total Active Listings (Res, Condo, Land) this week is 628 versus 634 last week across the whole MLS, and Total Pending (Res, Condo, Land) is 382 versus 375 last week, an increase of 7 from the week before.
There were 23 price changes in the last 7 days and all of those were price decreases.
There were 43 new listings (Res, Condo, Land) this past week and 6 have gone pending within the first week of listing.
37 new escrows this past week on Maui in the markets I track. 21 Condos, 13 homes, and 3 land parcels.
In regard to how South Maui did this past week, we pretty much followed the rest of Maui but we did see several properties go pending that were listed only a few days previous. Also the amount of properties going under contract seems to be rising. Pay attention to the sold properties too. Several sold above asking price and a few of the sales were record prices for their prospective condo complexes.
55 single family homes are on the market in South Maui. List prices range from $799,000 to $33,900,000. Median list price is $2,650,000. 88 Condominiums are active on the market ranging in price from $448,000 to $17,500,000. Median price is $937,250. 19 parcels of land round out the South Maui market. Prices range from $900,000 to $18,500,000. Median price is $3,2500,000.