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    Big Trades | West Maui Residential Prices Remain Impressively Strong

    As it is my commitment to keeping the local community informed, I am pleased to share with you the most recent West Maui home, land, and condo sales reports for your review — covering Kaanapali, Kapalua, Lahaina, and graph of homes and condos sold on west maui

    West Maui October 2020 Headlines

    For further details on any of the statements below, please refer to the sales reports.
    • 52 Total Transactions
    • 11 home, 41 condo & 0 land sales
    • 2nd most since March 2020 |  However, (-30%) since same period 2019
    • 20% of October’s closings were from Lahaina’s new development Kahoma Village
      • Predominantly pre-sold in 2018/2019
    • Kaanapali & Lahaina Condo markets are the only sectors that have had any volume growth so far in 2020.
    • Residential Home prices remain impressively strong
    • West Maui did the equivalent in baseball of hitting for the cycle with a $1.9M, a $2M, a $3M $a 4.7M & a $15.5M sale
    • If we remove the mentioned Kahoma Village new development sales, then WM average home prices would have been well over $2M
    october 2020 west maui home sales chart october 2020 west maui condo sales chart october 2020 west maui condo sales chart
    • Median Sales Prices
    • Homes: October $1.65M vs. September $1.485M
    • Condos: October $550K vs. September $580K
    • Land: n/a ($850K in September)
    • Highest Priced Sales
    • Home – $2.88M | Launiupoko
    • Condo – $3.46M  | Kapalua
    • Land – n/a
    • Lowest Priced Sales
    • Home – $763K | Lahaina
    • Condo – $265K | Napili Ridge in Nap/Kah/Honokowai areas
    • Land – n/a

    Historical Median & Average Price Comparison

    west maui average residential sales price graph
    Year Median Sold Price Median Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
    2020 $1,175,000 -5.0% $1,922,501 11.3% 158 109
    2019 $1,236,922 2.4% $1,727,294 -3.2% 173 137
    2018 $1,207,500 9.8% $1,785,099 15.4% 188 130
    2017 $1,100,000 4.8% $1,546,633 -3.0% 185 139
    2016 $1,050,077 5.0% $1,595,145 14.0% 194 147
    Year Median Sold Price Median Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
    2020 $641,000 10.6% $914,917 8.7% 192 420
    2019 $579,500 1.7% $841,913 1.0% 182 614
    2018 $570,000 4.2% $833,812 2.8% 157 549
    2017 $547,000 8.0% $811,436 9.0% 164 482
    2016 $506,250 -0.7% $744,555 -3.9% 211 490
    west maui land sales price graph
    Year Median Sold Price Median Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
    2020 $800,000 6.7% $1,275,577 28.8% 195 14
    2019 $750,000 -7.7% $990,609 1.1% 256 23
    2018 $812,375 -1.5% $979,829 18.1% 526 22
    2017 $825,000 -2.9% $829,477 -5.0% 293 33
    2016 $850,000 32.3% $873,147 7.0% 294 49

    Want to Know More?

    If you are in the market for buying or selling West Maui real estate or have any questions about the area or the market in general, please feel free to contact me. I welcome the opportunity to give you information on my previous sales performance and marketing strategies. Or if you’re curious about what your property is worth in today’s market, it would be my pleasure to provide you with property information and a value assessment free of any sales pitch.

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