How High Was the Median Sales Price in the Month of May?
Another month, another (near) record high median sales price for single family homes on Maui!
According to statistics released by the REALTORS® Association of Maui, the month of May saw a median sales price of $1.21 million for single-family units on the Valley Isle, 19% higher than May of 2021 and just off April’s all-time high of $1.25 million. Condos didn’t do too badly either, with a $715,000 median and 16.7% year-over-year growth from 2021.
Meanwhile, May was also the fifth consecutive month of declining total sales here in Maui Nui, tracking with national trends of a cooling marketplace. Higher interest rates and the several-year jump in prices have slowed buyer activity—but Maui’s continually dwindling inventor has ensured prices remain high for what units have been sold:
99.1% of single-family homes sold in May received their listing price, a 1.2% increase from last year
100.1% of condos sold last month received their asking price, a 1.7% increase from last year
How high will prices go during the summer season? Be sure to stay tuned to Maui International for all the latest trends and analysis!
Take a look at these scorching summer properties available now
And speaking of sales—Maui International currently has several amazing properties available for the discerning buyer. Be sure to check them out soon, as one thing’s for sure…they won’t be available for very long!
641 Hihimanu Street: This 2-bed, 2-bath condo home redefines luxury living in South Maui! Located within the exclusive, gated Hokulani Golf Villas, this absolute gem features breathtaking views of both the ocean and the 18th fairway of the nearby Elleair Maui Golf Course, not to mention proximity to world-class beaches, shopping, dining, and entertainment. With 12-foot ceilings and 8-foot doors, this upscale dwelling also sports a gourmet kitchen, granite countertops, and crown molding in the interior (and a saltwater pool outside!) for your living splendor.
312 Hiolani Street: Upcountry lovers, meet the home of your dreams! Complete with three distinct levels of living space, this 3-bed, 2-bath abode features an open-concept floor plan guaranteed to delight inside and out. Positioned along the mighty slopes of Haleakala, this country gem exemplifies the very best of Maui living in Pukalani, complete with an expansive outdoor lanai and private yard for you and your ‘ohana to enjoy.
74 I’a Iki Place: Feast your eyes on this 4-bed, 3-bath beauty in historic Wailuku Town! Truly the gem of the Kealohalani subdivision, this spacious home is a steal at only $1.325 million. Just imagine it: pristine views of the West Maui mountains and North Shore coastline, all those extra rooms, and surrounded by some of the island’s best walking and biking paths. Don’t miss your chance to make your new home in this centrally located jewel.
1450 South Kihei Road: Say aloha to the very best of condo living in Kihei! This ground-floor unit sports top-notch amenities and an unbeatable location in one of Maui’s most sought-after destination neighborhoods, complete with new vinyl flooring and a peaceful garden setting. What’s not to love? This one is priced to sell quickly, so don’t delay.
303 Pulehu Road: Ready for something a little different? This pad in Kula is just the thing for those interested in cooler temperatures, bi-coastal views, and unobstructed, starry skies. A long-term rental, this tastefully decorated estate has 4 bedrooms and 3 bathrooms, complete with Mediterranean styling and an unbeatable natural setting. Check this one out today!