South Maui Real Estate Sept. 7
- Ken Wong
- Sep 7
- 2 min read
South Maui Real Estate Market Summary
The South Maui real estate market continues to show a trend towards a more balanced, buyer-friendly environment, as evidenced by key metrics from a recent market snapshot. While the market is no longer as frenzied as in previous years, it remains a nuanced landscape where pricing and property type are crucial factors.
A total of 11 properties went under contract, indicating continued buyer interest, particularly for well-priced single-family homes. While the number of pending sales for both homes and condos remains below pre-2019 averages, this activity reflects that serious buyers are moving forward on properties that meet their needs and offer value.
Sellers are adapting to the changing conditions, with a notable 22 price adjustments in the period. This trend highlights a shift away from a strong seller's market, where many properties were priced at or above list price. The adjustments suggest sellers are becoming more motivated to align their asking prices with current market realities to attract offers and reduce their days on market.
Furthermore, 17 properties came off the market. This could be attributed to several factors, including sellers who chose to withdraw listings rather than accept a lower-than-desired offer. The trend of properties being delisted also points to a market where overpriced or poorly conditioned listings are not gaining traction, prompting sellers to reconsider their strategy and potentially re-list at a later date. Overall, the market shows a continued recalibration, with more inventory and negotiation power for buyers, while sellers must be strategic to achieve success.
Once again, thank you for taking the time to read these updates. Should you have questions, please ask.
Aloha,
Ken
First Sunday of NFL football...Go Niners!
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