Greetings to you all on this beautiful Sunday morning. After a week of mostly cloudy and rainy weather, it looks like we are moving away from the Seattle type weather. Yay!
With respect to South Maui's real estate market, this first few days of March has been very strong for the gold coast. Two properties came to market above the $10,000,000 range and another sold for $12,980,000. Paradise Ridge Estate condominiums are starting to close and there are strong sales all across the board. Of the 12 properties that went under contract, none were listed in the past week and 5 of them were reduced in price. Let's take a look....
55 single family homes are on the market in South Maui. List prices range from $759,000 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 $1,049,000. 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.
And for the rest of Maui...
New escrows stayed flat this past week 37 versus 37 from the week before. Total pending properties overall went down slightly from the week before while active inventory also went down slightly compared to the week before in the categories I track.
Total Active Listings (Res, Condo, Land) this week is 619 versus 628 last week across the whole MLS, and Total Pending (Res, Condo, Land) is 374 versus 382 last week, a decrease of 8 from the week before.
There were 22 price changes in the last 7 days and 21 of those were price decreases.
There were 39 new listings (Res, Condo, Land) this past week and 4 have gone pending within the first week of listing.
37 new escrows this past week on Maui in the markets I track. 25 Condos, 11 homes, and 1 land parcel.