South Maui Real Estate: March 23rd

Price reductions continue to be the primary driver of activity in South Maui's real estate market. Notably, two properties that underwent price adjustments are now pending sale. The condominium sector is particularly active, with 27 out of 35 total price reductions occurring in both residential and vacation-rentable condos. The remaining reductions were seen in single-family homes and one vacant land listing.

Current active listings are at a historic high. The vacant land market has 25 active listings, with an average price just under $5 million. The condominium market is robust, with 382 units currently listed, a significant increase from approximately 180 units at this time last year. Similarly, the single-family home market has seen a substantial rise, with 120 listings compared to 69 last year.

In summary, South Maui is experiencing a surge in inventory, accompanied by a consistent increase in weekly price reductions.

Let's take a look at how South Maui's market fared this past week....

South Maui March 23, 2025 (1).pdf

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Should you have questions or comments, please send an email or call me. Enjoy the rest of your Sunday.

Aloha,

Ken