I put together this slideshow to show potential buyers what their buying potential is. Maui prices vary from area to area and type of property. This set profiles West and South Maui and covers vacation rentals, regular condos and residential properties. If you look through it and are asking “What does this all mean?”, keep reading! Each chart shows the number of sales and the number of currently active or pending listings for each $100k in price. If you see a Sold marker with 0+ that means that something sold during 2013 for under $100,000.
It is interesting to compare and see areas where the number of sales exceeds the currently active listings; that says the market is HOT! Most of the listings are probably pending. The profiles show the where most of the market is priced.
As you look at the charts though, do remember that in some of these markets Maui prices have gone up significantly since January. When it was common to find non-vacation rental condos in Kihei around $150,000 in January, now almost everything is priced over $200,000. Observe the median prices. I’ve made some specific notes if you mouse over the bottom of each chart.
Remember that many of the lowest priced properties don’t qualify for financing for a variety of reasons. We still have about 45% of sales that are cash. They tend to be at the upper and lower ends of the market.
I love your questions so please ask!