The ZERO Effect of COVID on the Maui Real Estate Market
Aloha! And welcome to another weekly Maui Real Estate Market Watch Report from Eric West at Keller Williams in Whalers Village.
Here is what's new and developing for the week of August 24th 2020. To see the entire Google Sheets spreadsheet please click here
The big question people ask me every week…”How’s the market doing on Maui?” Many people are expecting a major downturn in demand and subsequent 20-50% reductions in asking prices.
Not so much.
In a nutshell, the Maui Real Estate Market is holding steady, very steady.
Let’s compare the last 8 months of 2020 with the exact same time period in 2019.
Now keep in mind, in 2019 the market was in FULL swing with a FULL capacity
Corona Virus Impact on Closed Sales for Homes, Land and Condos on Maui
Maui Real Estate Update July 16, 2020
Aloha! And welcome to another weekly Maui Real Estate Report from Eric West. Here is what's new and developing for the week of July 16th 2020. To see the entire Google Sheets spreadsheet please click here
If you are curious about the effect of COVID on the Maui Real Estate market in the month of June 2020, check out this comprehensive report
We had another 26 price reductions averaging 7% and a total dollar discounting of just under $2M. This is quite a bit lower than what have been seeing during this Coronoa Virus time period. The two most notable reductions came from 3806 Lower Honoapiilani Rd with a $251,000 reduction in price
Aloha! The Maui Real Estate market is interesting to say the least. New Listings have decreased 15.5% for Single Family homes and 18.8% for Condominium homes. So inventory could in fact become even leaner than it was pre-COVID. And "Days on Market" increased 13.3 percent for Single Family homes and 28.7 percent for Condominium homes. Buyers have been quicker to return to the housing market in force than sellers, who have been showing a bit more reluctance to list their homes than is typical for this time of year. But trends are improving and as states and localities continue to moderate their COVID-19 policies, real estate activity is expected to continue to improve in the coming weeks.
Aloha and Welcome to another edition of the Maui Real Estate market watch!
The purpose of this report is to give you the absolute best tools to shop, research and ultimately buy or sell a property on Maui Hawaii. Here is a direct link to the report. (Scroll down to see embedded spreadsheet below)
This weekly report is a fully interactive, dynamic Google Sheets spreadsheet that is updated weekly with live links to all of the data. It is both a snapshot of what the market is doing right now with the most recent price reductions along with the top 20 best deals for homes, land and condos (based on the best value price per square foot or price per acre), along with new properties (homes, condos and land)
Aloha! Please click to see all of the homes for sale in the Masters as of today. Hope this blog finds you well! If you are on a mission to learn as much as possible about Maui Real Estate, then you have come to the right place. I have been an active full time licensed real estate broker since 2007. (Click to see Reviews) I am very passionate about all things Maui, and especially helping you discover the absolute best condos and neighborhoods to call home. Whether it be for your first Maui vacation, or your "permanent vacation" when you finally decide to settle into retirement on the best island in the world.....Maui!
The number one way that I accomplish my mission is through videos