The Maui real estate market saw a very active month in June, especially in terms of home and condo sales, according to the Realtors Association of Maui monthly report. In fact, both saw double digit gains, compared to the same month last year.
Home sales increased by an impressive 21.2 percent, while condo sales increased by a solid 11.8 percent. We always remind folks to keep that in a relatively small market like ours, the percentages can swing a lot based on a moderate number of sales, but the data is still worth following. It can be especially useful if you're a prospective buyer looking for a beneficial window in the seasonal trends.
The report revealed that 99 single-family homes sold in June. As for the median sales price, it reached $740,000, which was up 12.3 percent compared to $659,000 last year. This makes the increase in the number of sales all the more impressive. As for condos, there were 123 units sold, with a median price of $435,000, which was up 13.3 percent from $384,000 in June of last year.
Now for the steadier, more reliable data, let's look at the year-to-date statistics from January to June. Home sales are up 2.4 percent to 546, and median prices are up 11.5 percent to $705,000 compared to $632,500 during the first six months of last year. Condo sales are up 10.2 percent to 712, and median prices are up 12.4 percent to $475000. That's the data you can rely on for the most accurate picture.
If you're in the market for Maui real estate and you're going to need a mortgage, getting pre-approved is an important first step to know how much home you'll be able to afford. This way, you can shop with confidence, and you won't risk getting your hopes up and losing time looking at properties that end up being just beyond your reach.
If you need our assistance finding and/or purchasing the right property for your needs, you'll find our contact information at the bottom of the page. If you're still exploring, try our Maui real estate search feature to hone in on real estate that fits the criteria that you're looking for. Mahalo!
Looking for a spacious West Maui home with ocean views? This 3 bed/3.5 bath Kahana Ridge home for sale offers plenty of privacy in a quiet neighborhood, just a ten-minute walk from the beach, and the many charms of Kaanapali and Kapalua are a short drive away. The home's interior combines both unique and classic design elements, just enough to keep things interesting and yet elegant. So, what are some of its finer features? Read on!
Step through the door and you'll discover a spacious, breezy interior, owing to the vaulted upstairs ceilings, 9-foot ceilings downstairs, and special 8-foot doors. It really opens up the already spacious 2,284 square feet of living space. Although the home has AC, its position is ideal for harnessing just enough of the trade winds to keep things pleasantly cool, so you can make the most of the indoor/outdoor lifestyle that Maui is so well known for.
Perched at the top of the Kahana Ridge neighborhood, this beautiful home is poised to take in lovely views of the ocean. The best vantage point is on the second floor, and you'll find that the open plan kitchen and living area is situated there so you can enjoy those views while cooking, dining and spending time with friends and family. The bedrooms have a lot to offer as well, especially the master suite, which provides plenty of space as well as access to the lanai. It also features a gorgeous master bathroom with an oversized shower, separate sunken tub and a walk-in closet.
While the master suite is located upstairs, the two additional bedrooms are situated downstairs, and each come with their own en-suite bathrooms. They also open up to their own ground floor lanai, and offer some nice private space since they have their own floor. When you step outside, you'll discover lush tropical landscaping full of flowers and palms. There's a lovely sitting area nestled into the garden, along with a charming platform for an outdoor dining area.
The home has been fitted with a photovoltaic system, which is enough to provide all its electricity, including its hot water and the AC. Last but not least, the 44 Kahana Ridge home is located at the end of the cul-de-sac, which means you never have to deal with people driving too fast near your home, a quality that parents and pet owners prize highly, and for good reason.
If you have any questions about this or any other West Maui home listing, you'll find our contact information at the bottom of the page. In the meantime, feel free to check in every Friday for our latest post about Maui real estate, lifestyle, events and similar topics. Mahalo!
Unsure of where you want to buy real estate on Maui? If you like the idea of living in one of the various beach towns, you might just find yourself inspired by a recent report from WalletHub, which named both Lahaina and Kihei among the top 20 beach towns in the United States. Scouting oceanfront Maui real estate can present you with some tough choices, whether you're doing it in person or online, so an outside perspective could be helpful.
According to the report, Lahaina and Kihei are the only two Hawaii beach towns to make the top 20 list. Considering how many beach towns there are in Hawaii, and throughout the nation, the outcome was quite an accomplishment for Maui. Although people tend to have their own preferences when it comes to their favorite beach towns, there are some key traits that make some of them stand out. So, let's dig into the criteria used in the study.
WalletHub compared 227 cities throughout the U.S., based on a total of 49 criteria. They included indicators of livability based on data sets like quality of beach water, housing costs, and the share of waterfront homes for sale. These criteria were broken up into categories. These were Affordability, Weather, Safety, Economy, Quality of Life, and Education & Health.
The report also featured some quick comparisons between the top and bottom five winners in terms of things like median household income, housing costs, lowest median annual property taxes, etc. In fact, the latter named Wailuku at No. 1, followed by Lahaina at No. 2 and Kihei at No. 3. Low property taxes are just one of the many perks to owning Maui real estate.
Lahaina earned 11th place, while Kihei earned 13th place on the top 20. There were other Hawaii beaches that made the list, but they ranked between 101 and 197. These winners included Hilo, Waianea, Kapolei, Wailuku, Ewa Beach, Kailua and Kaneohe. As far as the other top winners, Naples, Florida earned the No. 1 spot, followed by Key West, Florida, and Eden Prairie, Minnesota. The last beach town on the list at No. 227 was Shirley, New York. If you'd like to take a look at the report, you can find it on WalletHub.
Up on the slopes of the West Maui Mountains, bordered by a tangle of vibrant tropical jungle, a pristine white house stands out against the green, a beacon of order amidst the chaos of nature. To fully appreciate the impact of this bold and yet serene home, you need to see it in person. If you're looking for a luxurious island getaway surrounded by the beauty of nature and yet just a short distance from the many conveniences of downtown Kahului, this listing will likely be a top contender.
This 3 bed/3 bath Wailuku home is fondly referred to as "The Iao Castaway" thanks to its secluded location in the popular Iao Valley. Live here, and you'll find yourself immersed in the tranquility of the mountains, where the weather dances between cheerful sunshine and soothing misty showers.
The structure features traditional Hawaiian plantation style elements including covered, wrap-around lanais and a stilted base. Thoughtfully designed to enhance the indoor/outdoor lifestyle so popular here on Maui, there are delightful additions including a built-in bench and a dining nook where a cook can serve food through a window.
Step inside and you'll find 2,700 square feet of bright, immaculate interior, awash with natural light, complimented by gorgeous greenery outside every window. The master bedroom features its own charming lanai with gorgeous mountain views. The home has recently been fully restored, complete with a professional interior design package that includes fixtures and finishes. They've done an amazing job, as you'll see when you peruse the photos of this remarkable Wailuku home listing.
The land area is 0.51 acres, and the property features a 2-car garage with an attached studio that has its own full bathroom. New additions to the landscaping have been made, including a garden area for subsistence farming. With so many wonderful qualities to start with, just imagine the things you could do with this property to make it your own. If you need our assistance setting up a viewing, or you have any questions, you'll find our contact information at the bottom of the page. If you'd like to browse around in the same area some more, there are plenty of stunning Wailuku homes for sale. Mahalo!
The Maui real estate market saw a very active month in June, especially in terms of home and condo sales, according to the Realtors Association of Maui monthly report. In fact, both saw double digit gains, compared to… Continue Reading
Looking for a spacious West Maui home with ocean views? This 3 bed/3.5 bath Kahana Ridge home for sale offers plenty of privacy in a quiet neighborhood, just a ten-minute walk from the beach, and the many charms of Kaanapali and Kapalua… Continue Reading
Lahaina and Kihei on Top 20 U.S. Beach Town List
Unsure of where you want to buy real estate on Maui? If you like the idea of living in one of the various beach towns, you might just find yourself inspired by a recent report from WalletHub, which named… Continue Reading
Immaculate Wailuku Three Bedroom Home For Sale
Up on the slopes of the West Maui Mountains, bordered by a tangle of vibrant tropical jungle, a pristine white house stands out against the green, a beacon of order amidst the chaos of nature. To fully appreciate the impact of this… Continue Reading