January 2025 Market Report

📢 Maui Real Estate Market Update January 2025 ~ Happy New Year !!

As we enter 2025, the Maui real estate marketcontinues to evolve, creating opportunities for both affluent buyers and first-time homebuyers. Whether you’re considering selling your property, investing in Maui real estate, or purchasing your first home, staying informed on market trends is essential.

 Here’s a look at the latest market data:

 🏡 Single-Family Homes

• Median Price: $1.2M – the lowest since December 2023

• Average Days on Market: 94

 🏢 Condominiums

• Median Price: $675K – comparable to January 2023

• Average Days on Market: 123

 Although home prices have softened, buyer demand is increasing, and days on market are trending downward, signaling a positive shift in the market.

 What Does This Mean for You?

 For Sellers:

• With buyer activity picking up, now is a great time to prepare your home for sale.

• Strategic pricing and professional presentation will maximize your property’s value.

• Shorter days on market mean well-positioned homes are selling faster.

For Buyers:

• With price adjustments, the market is creating new opportunities for first-time buyers and investors.

• More inventory means greater choices, whether you’re looking for a luxury home or an entry-level property.

• With interest rates stabilizing, now is a great time to make a move.

   Have questions about the market? Let’s talk!Whether you’re searching for luxury real estate, an investment opportunity, or your first home, we’re here to guide you every step of the way.