MARKET REPORTS

MAUI RESIDENTIAL SALES

Hawaii Island Residential Sales

In closing out the year, homes are selling at an astonishing rate across the Big Island. Condos sold 38 days faster in December 2021 compared to December 2020, averaging just 18 days on market. Meanwhile, single-family homes sold in 42 days and at a median price of $536,000, a 12% increase compared to the year before. The median sales price for land also continues to rise, with a 52% increase from $31,500 in December 2020 to $48,000 in December 2021.

Kauai Residential Sales

The median sales price for single-family homes on Kauai continued to top the $1M mark in October 2021, as total homes sold island-wide reflected a seasonal slowdown, down 26% from the month prior. 

The demand for condos on Kauai remains competitive as a lack of listings continues to drive the median sales price upward, with an increase of 35% to $729,000 from last year 18% from last month. Total condos sales are also up 32% from this time last year.

MAUI RESIDENTIAL SALES

At mid-year, the median price for single-family homes and condos reached record levels fueled by limited inventory, increased competition, and low-interest rates. While many are wondering when this hot market will cool off, all signs point to it remaining consistently strong through 2021.