You heard it here. Better buy one before they are all spoken for.
What I held with strong conviction 87 days ago, I still adamantly believe to this day. That luxury real estate on Maui, especially the high end oceanfront & large parcel residential sector will be more in-demand post pandemic, than pre pandemic 2020.
Kapalua’s Only 5 Beachfront Neighborhood | Kapalua Place, Oneloa Bay
Once urban based island lovers have more time to consider the freedoms of the new norm – virtual, independent, tech based work & schooling from home without cross town commutes or endless hours logged in the office or classroom. Many will trade the densely populated cities & congestive atmosphere they know as urban life for the adventurous, soul enriching, laid back qualities of island life.
Resort oriented five acre Main Home & Cottage | 111 Mele Komo Pl is on the market for $5.25M | MLS#387128
As substantiated by the numbers below, there is a case that since 5/1, the lux real estate market may be making its way back to the old norm.
West Maui Luxury Real Estate Sales Activity
New Contracts $3M+
| Date Range | Region | # of Days | # New Contracts | New Contract/Day | % + or – Norm | % New Contracts |
| 01/01 – 03/12/2020 | Maui | 72 | 18 | 0.3 | 3% | |
| West Maui | 7 | 0.1 | 39% | |||
| South Maui | 11 | 0.2 | 61% |
| Date Range | Region | # of Days | # New Contracts | New Contract/Day | % + or – Norm | % New Contracts |
| 03/13 – 6/8/2020 | Maui | 87 | 13 | 0.1 | -40% | 16% |
| West Maui | 5 | 0.1 | -41% | 38% | ||
| South Maui | 7 | 0.1 | -47% | 54% |
| Lanai | 1 | 0.0 | 100% | 8% |
| Date Range | Region | # of Days | # New Contracts | New Contract/Day | % + or – Norm | % New Contracts |
| 05/01/2020 – 6/8/2020 | Maui | 38 | 8 | 0.2 | -16% | 100% |
| West Maui | 3 | 0.1 | -19% | 38% | ||
| South Maui | 5 | 0.1 | -14% | 63% |
Want to Know More?
If you are in the market for buying or selling Luxury West Maui real estate or have any questions about the area or the market in general, please feel free to contact us. I welcome the opportunity to give you information on my previous sales performance and marketing strategies. Or if you’re curious about what your property is worth in today’s market, it would be my pleasure to provide you with property information and a value assessment free of any sales pitch.
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