MARKET REPORTS

MAUI RESIDENTIAL SALES

Hawaii Island Residential Sales

Hawaiʻi Island’s housing market saw a pullback in single-family home volume in February, with sales declining 12% year over year to their lowest level since January 2014. However, the softness was largely concentrated in Kaʻū, where sales fell 62% YoY, while other core districts remained comparatively stable, underscoring the regional nature of the slowdown rather than a broad demand shift. Despite lower volume, pricing trends remained measured, suggesting sellers are holding firm. In contrast, the condo market showed strengthening demand, with median days on market dropping sharply to 13 days (-32% YoY) and moderate sales activity signaling efficient absorption, particularly in lifestyle-oriented areas. Overall, February reflects a market defined more by geographic nuance than island-wide contraction, with steady condo demand helping balance softer single-family turnover.

Oahu Residential Sales

Oʻahu’s housing market followed its traditional early-year seasonal slowdown in February, with activity moderating slightly while pricing remained steady. Single-family home sales totaled 179 (-1% YoY) and condominium sales reached 296 (-2% YoY), reflecting a modest pullback in volume rather than a shift in demand. Median prices continued to show resilience, with the single-family median at $1.2 million (+4% YoY) and the condo median at $509,000 (+2% YoY), reinforcing overall market stability despite softer seasonal activity.

Kauai Residential Sales

Kauaʻi’s housing market reflected the typical seasonal slowdown in February, with single-family home activity easing slightly, down just 3% from this time last year, while median days on market island-wide rose to 67 days (+509% YoY), signaling a slower pace of sales compared to last year. While the median single-family home price increased 31% year over year, the median condo price decreased by 35% to $636,700, illustrating how changes in the mix of homes sold can influence island-wide pricing. Regional performance varied widely, with Hanalei single-family home sales increasing 300% YoY, while Waimea recorded no sales compared to seven last February, highlighting how localized trends can impact Kauaʻi’s overall metrics and reinforcing the importance of viewing the market through a local lens, where neighborhood-level dynamics often shape island-wide results.

Hawaii Market Update

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

Hawaii Market Update

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.

Hawaii Market Update

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. 

Hawaii Market Update

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. 

Hawaii Market Update

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.

Hawaii Market Update

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 Market Update

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.

Hawaii Market Update

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.