Well, it's April. Inventory is still relatively low. Hottest properties are two bedroom, vacation rentable properties listed under a million dollars. Let's see how Maui's market does in the next two weeks. I saw a few properties go under contract but then a few days later, escrow cancelling.
With respects to how South Maui's market did this past week, here ya go....
52 single family homes are on the market in South Maui. List prices range from $799,000 to $33,900,000. Median list price is $3,095,000. 92 Condominiums are active on the market ranging in price from $448,000 to $17,500,000. Median price is $837,500. 19 parcels of land round out the South Maui market. Prices range from $399,000 to $18,500,000. Median price is $3,500,000.
New escrows were up slightly this past week 38 versus 35 from the week before. Total pending properties were flat 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 606 versus 613 last week across the whole MLS, and Total Pending (Res, Condo, Land) is 361 versus 361 last week, no change from the week before.
There were 26 price changes in the last 7 days and all 26 of those were price decreases.
There were 46 new listings (Res, Condo, Land) this past week and 3 have gone pending within the first week of listing.
38 new escrows this past week on Maui in the markets I track. 17 Condos, 20 homes, and 1 land parcel.
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