South Maui Real Estate: July 20th

South Maui's real estate market has shifted notably in favor of buyers, with a significant increase in inventory for both single-family homes and condominiums. This "burgeoning" inventory has led to a buyer's market, where properties are staying on the market longer and sellers are becoming more willing to negotiate on price. The abundance of available listings has resulted in many properties undergoing price reductions to attract offers. This trend is exemplified by a specific unit at Kamaole Sands, which recently went under contract after its price was reduced to $550,000, illustrating the new reality for a market where strategic price adjustments are key to securing a deal. But overall activity is slow compared to years past as buyers are still waiting to see how the STR bill will come to some kind of resolution.

July 20, 2024.pdf

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As I've said many times before, thank you so much for your continued support and for reading these newsletter for the past few years. It's much appreciated.

Aloha,

Ken