It continues to be a busy February for the Maui Real Estate Team. Day to day work has made it a challenge keeping up with the blog of late. While I was able to get out the Unofficial January Maui Real Estate Statistics, I am at least ten days behind schedule in posting the Realtor Association’s official stats. Without further ado, here are the official January Maui sales numbers. There were no big changes when it comes to median prices or sales volumes from what I posted earlier in the month. However, the official stats provide some additional granularity at a community level. I also follow the inventory tracking that is published as part of the RAM stats. It appears as if land and home volumes continue to shrink while condos saw an uptick this month.
While the general trend has been a shrinking of inventory in the Maui Real Estate market, not all segments are equal. There is extremely limited supply for segments like entry level condos. On the other end of the spectrum, the overall land market has five years plus of inventory based on current rates of sales. We are seeing some upward pressure on prices for the segments with very limited inventories. Property types and geographies with more selection are seeing continued downward adjustments. Contact The Maui Real Estate Team for more information on areas of the Maui market that interest you.