2023 Is Off to An Amazing Start—Check Out These Sales Numbers!

Ahhh, February. The second month of the year, based off the Latin word for purification, is a month for lovers, for honoring those around us, and for having the shortest amount of days in the year.

Indeed, January is always a tough act to follow here on the Valley Isle—new beginnings, warm weather, and good vibes aplenty—and that goes double now that the January 2023 facts and figures have been released by our friends over at the REALTORS® Association of Maui!

The first month of the year saw the median sales price for single-family homes arrive at $1.16 million, still good for a 0.4% increase year-over-year—and, as a reminder, an increase over when we saw some truly boffo sales numbers last January!

Condos, meanwhile, saw a dip in their median sales price, coming in at $657,500—but the inventory for condos for sale swelled to a 144% increase (by months’ inventory) from this same time last year, which is wonderful news for the would-be buyer and seller—not to mention the 110.5% increase in months’ inventory for single-family units as well!

With pending sales nationwide rising 2.5% month-over-month from December of last year this is truly a magical time to make all those real estate dreams come true here in paradise—just make sure you give the Valley Isle’s #1 group of real estate professionals a call to give you a helping hand! Maui International is primed to make 2023 your very best year yet—so give us a call and let’s get down to business. When it comes to quality service and top-level expertise we’re speaking your language—and several more after that to boot!

Visitor numbers and spending totals demonstrate a strong economic recovery

And speaking of good news in a great place, Maui’s ongoing recovery from the scourges of the Covid-19 pandemic press onward, to the tune of being 95.1% recovered in the visitor tallies as compared to 2019!

That’s right—over 2.9 million people graced the island with their time and money in 2022, along with spending $5.69 billion over the past year, which represents an astonishing 11% increase from 2019, the last pre-pandemic year of record.

According to the state Department of Business, Economic Development, and Tourism, “December 2022 visitor arrivals from Japan (36,988) and Canada (58,361) were at the highest monthly levels since the start of the pandemic, [and] 2022 international visitors that arrived by air recovered 41.3% from 2019, and US visitors were 12.9 percent higher than the 2019 level.”

Take a bow, Maui—you just can’t keep a good island down!

And speaking of having a good time, be sure and check out these upcoming events in late February and the spring!

Maui 5k Run and Walk via the Maui Ocean Center,3/5 in the AM

The Avocado Group