August 2023

August was a mixed month for Maui real estate, with the fires in Lahaina and Kula causing a short-term pause in real estate-related activities across the island. While it’s too early to gauge the overall impact these fires will have on the market, sales activity has already resumed in unaffected areas of Maui. The island’s already limited housing inventory is expected to tighten further as over 1,800 homes were destroyed in the fires.

March 2023 Maui Real Estate Report

Maui Market Report Archives

View past reports by downloading from the links below:

Hawaii Island Residential Sales

August 2023

Recent market conditions prevailed in August, with key indicators staying relatively unchanged throughout the summer. As mortgage interest rates continue to rise above 7%, softer demand may be on the horizon. However, properties priced at or below the median sales prices for condos and single-family homes still sell quickly and often above the asking price. In today’s market, working with a seasoned real estate agent who can help you navigate the nuances of a community or condo building is a considerable advantage.

Big Island Market Update January 2023

Kauai Residential Sales

August 2023

Median sales prices for single-family homes skyrocketed to an all-time high of $1,800,000 in August. Out of the 19 residential home sales, 16 were sold for $1M or greater. Following a record month, condos maintained the $1M mark with properties selling in just under two weeks. Ultimately, a shortage of inventory for sale keeps prices high, leaving buyers frustrated and sellers with limited relocation options other than off island.

Kauai Real Estate January 2023

Hawaii Market Update

2023 Mid-Year

As we cross the midpoint of 2023, the Hawaii real estate landscape continues to adapt to higher mortgage interest rates and tighter inventory levels. While the year started off sluggish due to a spike in mortgage interest rates that edged out many prospective buyers, the market has since shown signs of rebounding. 

With so few homes for sale across the islands, sellers remain in control of the market. However, properties that are priced too high or do not present well are seeing an increase in days on market. 


2023 Mid-Year Hawaii Real Estate Market Summary | Coldwell Banker Island Properties

Hawaii Market Update

2022 Year End

After the pandemic year of 2020 and the record-setting rebound market of 2021, the past twelve months brought a much-anticipated correction to a red-hot housing market in 2022. For those looking to purchase property in the year ahead, it is important to not get distracted by the big numbers reported every month. In every real estate market, there are opportunities. By understanding the local nuances of each neighborhood or condo complex, having your finances in order, and staying committed to your goal, Hawaii homeownership is still achievable. 

2022 Hawaii Residential Real Estate Update

Hawaii Market Update

Quarter 3 | 2022

As anticipated, Hawai’i’s real estate market has returned to
“pre-pandemic” levels as sales activity has resumed a more
moderate pace and median sales prices have retracted
from all-time highs of the last two years. Even though the
market has slowed — in part to rising mortgage interest
rates and concerns about an economic recession — a
general lack of inventory continues to favor sellers. Buyers,
however, are beginning to take back control as days on
market and the overall number of price reductions have
both increased in recent months.

Q2 Market Report Hawaii Coldwell Banker Island Properties

Hawaii Market Update

Summer Luxury Update | 2022

Across the globe, the Hawaii luxury home market has consistently ranked among the premier destinations for individuals seeking the ultimate island lifestyle while maintaining access to modern conveniences, limitless activities, and privacy. In the wake of the recent COVID-19 pandemic, the Hawaii luxury home market was red hot as many flocked to the islands to embrace all Hawaii has to offer. Subsequently, between March 2020 and June 2022, there were 1,874 luxury home sales totaling $7.984 billion.

Learn more about 2022 sales trends across Maui, Hawaii Island, and Kauai, and browse all new and active listings year-to-date with this in-depth luxury summary.

Hawaii Global Luxury Summer Preview | Coldwell Banker Island Properties

Hawaii Market Update

Quarter 1 | 2022

Inventory, inventory, inventory. Across the Hawaiian Islands, the residential real estate market continues to remain extremely competitive as the lack of properties for sale has driven median sales prices for single-family homes and condos to all-time highs throughout the first quarter of 2022. Now into the fourth month of the year, the story remains the same: those looking to buy should be ready to move quickly with a strong offer, and with properties selling as fast as they come on the market, the time to sell is now.

Maui Housing Report June 2021