The West Maui real estate market is currently characterized by high prices for single-family homes, averaging $7,046,037. Condominiums are more affordable, with an average price of $2,190,666. Compared to South Maui, single-family homes in West Maui are more expensive, while condominiums are slightly less expensive.
The ongoing Minatoya uncertainty is having a noticeable impact on sales, contributing to a cautious market sentiment. There's a possibility that the market could experience some relief if the Federal Reserve decides to lower interest rates, but the future remains uncertain.
Overall, West Maui's real estate market is navigating a complex landscape with high prices, economic uncertainties, and the potential for future shifts depending on interest rate decisions.
If you have questions or comments please send me an email.
Aloha,
Ken Wong REALTOR(S)
Coldwell Banker Island Properties
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