The Maui real estate market continues its upwards ascend and enjoys sustainable growth, yet for the savvy investor who is able/willing to act quickly, there are still strong values. Below are a few within different price points:

Hale Pau Hana 15

A short sale in an iconic beachfront property in one of the most sought-after beaches on Maui. This 1 bedroom / 1 bathroom unit offers panoramic views and boasts 702 square feet of interior living space.

Kapalua Bay Villas REO (Foreclosure)

For the buyer who is willing to excercise a high amount of patience and perserence, this unit is a arguably in one of the best locations within the complex. Kapalua waterfront living at its finest.

Residential Condo in the Heart of Kihei

Seeking

In maintaining a diligent pulse on the Hoolei condo market and providing our clients with the most up-to-date, insightful data on which to make informed decisions, we compiled the most comprehensive sales report for Ho'olei. This report takes into account every sale recorded as reported by the Realtors Association of Maui. For those interested in purchasing a Ho'olei condo for sale, contact us for a private consultation.

That the Maui real estate market continues its upwards trend with increasing sales activity, sales volume, and continuing demand is beyond doubt. However, the speed in which some micro-niches are shifting is simply mind-numbing - as is the case with the niche of Kihei luxury condos for sale.

Looking at stastistical data, we see a very stable market experiencing sustainable increases. Examining 2012's January through August 30 time period reveals a total of 305 sales totaling $102.88M - now move forward to same time period in 2013, there were 308 sales, but the total sales volume increased significantly to $119.27M. 

The niche of the market that can be said to have the most significant shift is the high end sector. In all of 2012, there was not a

The high-end sector of the Maui condo market has seen a significant increase in activity on the first half of 2013, when compared to the same time period in 2012.  The first half of 2012 saw 43 sales of $1M+ condos, increasing by 74% in 2013 to an impressive total of 75 sales - sales volume rose accordingly, from $86.94M to $129.74M!

A question often brought up by potential buyers of luxury Maui condos is in regards to financing - or the lack thereof.  Of the applicable 43 sales in the first half of 2012, only 21% were financed, whereas for the 2013 sales, 43% were financed - which is reflective of lenders loosening their lending criteria to be less restrictive than it has been in the past few years.  It is worth noting that only a handful of

Thinking of purchasing or selling a Maui luxury property? View the infographic below for a better understanding of the current state of the market and contact us for a confidential consultation - at Island Sotheby's International Realty, we specialize in assisting clients in the Maui real estate objectives.

As the first half of 2013 has now concluded, we are in a better position to ascertain how the Maui real estate market is performing as compared to the same time period of year past. And as our particular emphasis is on the high-end sector of the real estate market, let us analyze sales of luxury Maui homes.

By the beginning of 2012, the consensus among Maui real estate professionals was that the market was in full recovery mode and sales were reflective of such. During the first half of 2012, there were 65 sales of single-family residences over $1M, amassing a total of $139.632M, at an average of $2.148M and a median sales price of $1.6M - impressive numbers indeed.

Now let us fast-forward to 2013, which anecdotaly has proven to the return to a

As we monitor the Wailea real estate market, it becomes evident that values are on the rise, inventory is low, and distressed properties are virtually non-existent - and the few that make it on the market are being sold well within the scope of fair market value.

Such was the sale of 3220 Pikai Way in the 'Little Kai' section of Wailea Kai. Listed on April 30th for $1.33M, it was arguably on the high end of its potential value. But with its massive size of over 3,400 square feet, it was bound to appeal to someone looking for significant size while being within walking distance to one of the best beaches in the world, Keawakapu Beach.

Interested in other properties in Wailea Kai? Contact us, we know the mircor market exceedingly well and can

Since its introduction, One Palauea Bay has been a highly desirable subdivision in Makena for the discerning buyer looking for a showcase-quality home on a large parcel (all lots are slightly over 1 acre) without the price point of being beachfront in Makena. And in expertly knowing the Makena micro-market, we examine new inventory and sales.

And as previously noted, the sale on June 3rd of 22 Ualei Place recorded for $5M. Originally listed for $6.85M on October 15, 2012, it went through a couple of price adjustments, down to its last asking price of $5.998M. It had last been sold on October of 2011 for $2.788M, but was not yet completed. The seller took great care in bringing it up to its full potential before marketing it for sale.

As of the

As one of the premier properties on Maui, Ho'olei has been a favorite among the most discerning buyers searching for Wailea luxury properties. Has it been able to withstand the dips in the market? Let's take a look below:

As can be noted, due to Hoolei consisting of 3 floor plans, equally divided, the Median and Average prices have been very close to each other, reflective of a very stable micro-market without fluctuations typically caused by large/small transactions. Noteworthy is that values have reached almost the same level as that seeing at the peak of the market, 2007.

And the price per square foot also mirrors the average/median sales prices: Hoolei has recovered from the dip of the recession and is now back at its (arguably rightful)

As the market continues to recover and is on rapid pace to have a remarkable year, it is critical to analyze statistics for discernable trends/patterns in real estate sales.

As such, click on the following: Maui Real Estate Statistics (Partial) - caveat, the Realtors Association of Maui (the official entity publishing statistics for the County) had a technical difficulty and the above PDF is only a partial report of data. Perhaps the most significant movement has been in Kaanapali condo sales and Wailea home sales.

What is becoming painfully evident is that buyers who have been sitting on the fence and fail to take action soon may find themselves priced out of the market. If you have questions about the data or would like to discuss in further