Q: Is Now a Good Time to Buy or Sell in Maui?

Is now a good time to buy or sell in Maui? Let’s see what the stats say. 

For your latest Maui real estate market update, I have all the most recent stats from the third quarter of 2020. A lot of crazy stuff has happened this year, but I’m excited to say that the Maui market has held steady. We lost some traction, but things are picking back up again. We have a lot of inventory, but prices are strong, and interest rates are as low as I’ve ever seen them. What does this mean for buyers and sellers?

To find out, watch the video above in its entirety. I’ve also provided timestamps so you can browse specific points at your leisure: 

1:06—The total residential sales numbers from each region, year to date

3:24—How the residential sales numbers and median price stack up year over year 

5:57—An overview of condominium sales 

8:32—The top 10 areas for residential homes, condominiums, and vacant land in terms of total dollar volume

10:14—Diving further into the year-over-year numbers for residential homes, condominiums, and vacant land

11:32—What these numbers mean for buyers and sellers

12:48—Wrapping things up

As always, if you have questions about our Maui market or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help. Aloha, and have an amazing day!