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MARKET REPORTS

MAUI RESIDENTIAL SALES

October 2022

Maui’s real estate market is relatively unchanged month over month as buyers and sellers remain at a standstill. Compared to October 2021, total sales have declined 30% for both single-family homes and condos while median sales prices have increased to $1m and $800k respectively. With the number of new listings being flat but with sales activity down, properties are now taking longer to sell as months of remaining inventory creeped up to 2.1 months – still a sellers’ market
Maui Hawaii Real Estate Market Update September 2022

Maui Market Report Archives

View past reports by downloading from the links below:

Hawaii Island Residential Sales

OCTOBER 2022

As summer comes to an end the Big Island real estate market continues to cool as sales activity returns to pre-pandemic levels. Even though the total number of transactions were down 30% year over year, median sales price remained flat. With interest rates nearing 7%, buyers are not particularly motivated to purchase while sellers who locked in 2.75% – 3.5% mortgages or paid cash are even more unlikely to sell anytime soon.

Hawaii Island August Hawaii Real Estate Market Update

Kauai Residential Sales

OCTOBER 2022

Even with so little inventory for sale, properties are now taking 24 days to sell on Kauai – four times longer than the low of 6 days on market in June. For condos the market remain relatively strong, as total sales are only down 17% year over year which outperformed other condo markets in Hawaii. As a result, the median sales price for condos have increased 5% and they continue to sell quickly in just 10 days.

Kauai August Real Estate Market Update September 2022

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

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