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MARKET REPORTS

MAUI RESIDENTIAL SALES

January 2025

For those who have been waiting for lower home prices, the time has come. The median price for condos and single-family homes has dipped below recent lows. Condo prices fell to $675,000, nearing the lows of January 2023, while single-family homes dropped to just under $1.2 million for the first time since December 2023. Sales activity is showing signs of increasing, and days on the market continue to decline month over month—both signs of strengthening buyer demand.

March 2023 Maui Real Estate Report

Maui Market Report Archives

View past reports by downloading from the links below:

Hawaii Island Residential Sales

January 2025

The Big Island real estate market carries its momentum into the new year, with sales activity holding steady, median prices rising, and days on the market decreasing for both single-family homes and condos. For sellers, well-presented and correctly priced properties continue to sell quickly. Buyers, meanwhile, are benefiting from increased inventory and stronger negotiating power. A closer look at the condo market reveals a shift, with median prices rising in North Kona to $690K, South Kohala to $748K, and Hilo to $213K—reversing a recent softening trend. While it’s still too early to call a bottom for the condo market, signs suggest that condos may be heating up again.

Big Island Market Update January 2023

Kauai Residential Sales

January 2025

The Kauai real estate market enters the new year with steady momentum. Total sales activity has climbed for the third consecutive month, accompanied by rising median prices. Across all market areas, an influx of new listings relative to total sales is providing prospective buyers with more options and flexibility in their search. For sellers, strategic pricing remains essential to attracting motivated buyers in this evolving landscape, where mortgage rates continue to hold steady just below 7%.

Kauai Real Estate January 2023

Oahu Residential Sales

January 2025

Keeping with seasonal trends, Oahu home and condo sales in January were the lowest in the past 12 months. However, a preview of what’s to come shows a healthy increase in pending home sales alongside a rise in new listings. While median prices also increased in January, the influx of new listings adds another layer to the market. How quickly these properties go into escrow will be important to monitor, as longer days on the market can often put downward pressure on prices. Overall, consumers should expect current market conditions to persist throughout the first quarter.

Kauai Real Estate January 2023

Hawaii Market Update

2025 Hawaii Market Guide

Hawaii’s real estate market demonstrated resilience in 2024, weathering brief shifts in mortgage rates and ongoing inventory challenges. As we move into 2025, the market enters a neutral phase, balancing competitive segments with areas still facing headwinds. Despite these dynamics, the islands’ enduring appeal ensures demand remains steady, setting the stage for another unique year in Hawaii real estate.

2025 Hawaii Real Estate Market Guide

Past Reports & Publications

Hawaii Market Update

Summer Luxury Update | 2024

Welcome to the 2024 Summer update for Hawaii luxury real estate, where paradise living meets unmatched exclusivity. Despite the current tightening of the real estate market, the allure of Hawaii’s luxury properties remains irresistible. Discerning buyers continue to seek prime locations across the islands, while existing luxury homeowners cherish island living and hold onto their prized possessions.

 

In this report you will find 2024 year to date sales trends across the Hawaiian Islands, including our latest luxury listings!

Hawaii Global Luxury Summer Preview | Coldwell Banker Island Properties

Hawaii Market Update

2024 Hawaii Market Guide

With 2023 officially in the books, a word best used to summarize the overall Hawaii real estate market might be “resilience.” Despite many headwinds that led to softening consumer confidence and growing concerns about affordability across the islands, median prices held strong, properties continued to sell, and fears of a larger economic recession waned as the year progressed.

Now, as we head into the new year with mortgage interest rates on the decline, be on the lookout as 2024 is poised to present a variety of opportunities for both buyers and sellers.

2024 Hawaii Market Guide Preview

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

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