While new listings and pending properties slowed down a bit compared to last week, buyers are still here. But there's a big difference. They seem to be more cautious. While the caution is expected in today's market, they still have to remember that there are other buyers out there who are also cash or 1031 exchange buyers. As an example, Maui Kamaole E201 hit the market at under $1,000,000. This is a fantastic price in this market for a two bedroom, vacation rentable unit in South Kihei. Needless to say there were multiple offers within a few hours. Location, price and timing are essential. Here's this week's new listings....
The market will tell you if your property is priced right. (That's if you didn't listen to your agent :-))....
A few properties went under contract in the past week that were also listed in the past week too.
And last but not least, here are the sold properties for South Maui in the past week. Note that Kamaole Nalu a leasehold property closed at a cool $1,000,000.
53 single family homes are on the market in South Maui. List prices range from $749,900 to $35,000,000. Median list price is $2,399,000. 61 Condominiums are active on the market ranging in price from $499,000 to $18,000,000. Median price is $999,999. 11 parcels of land round out the South Maui market. Prices range from $990,000 to $6,900,000. Median price is $3,950,000.