Spring is here—and so are the latest stats for March, courtesy of the REALTORS® Association of Maui!
If you’re thinking about buying or selling real estate on Maui, you won’t want to miss out on the latest market statistics for March 2023—and you definitely don’t want to partner up with anyone but the Maui Luxury Real Estate team for all your realty needs and guidance! According to the latest report , the median sales prices for single-family homes and condos have remained strong, making it a great time to invest in Maui’s always-luxurious real estate market.
This past month the median sales price for single-family homes on Maui was $1.2 million, an increase of 2% from the same time last year. Meanwhile, the median sales price for condos was $797,500, only slightly down from last year’s tally. While the total sales numbers remain behind 2022’s numbers at the same time point—a reflection of a normalizing marketplace, rather than a slumping one—the strong median data demonstrates that the Valley Isle is continuing to heat up, making it a great time to make your next move in the market—buying or selling!
And if you’re ready to make a move, definitely be sure to engage with Maui’s #1 group of realtors here at the Maui Luxury Real Estate Team. With the market heating up it’s important to have someone on your side who can help you navigate the buying or selling process—not to mention keeping you up-to-date on the latest trends and tidbits to keep you ahead of the competition.
And with so many great events happening on the island, there’s never been a better time to invest in Maui’s real estate market and experience all that the island has to offer..so why not check out some upcoming events that you won’t want to miss while you’re at it!
- Maui Classical Music Festival, April 23rd to May 5th: If you’re a fan of classical music, you’ll definitely want to check out the Maui Classical Music Festival. It features world-class musicians from around the globe performing a wide range of awe-inspiring pieces. The festival runs from April 23rd to May 5th at various venues around Maui.
- Maui Matsuri Festival, April 29th to May 1st: The Maui Matsuri Festival is a celebration of Japanese culture, featuring traditional music, dance, food, and art. This festival will be held from April 29th to May 1st at the U of H Maui Campus.
- Maui Onion Festival, May 7th:The Maui Onion Festival is a celebration of one of the island’s most iconic crops: the Maui onion. This festival features live music, cooking demonstrations, and, of course, plenty of delicious onion-inspired dishes. The festival takes place on May 7th at the Whalers Village in Lahaina.
These are but a few of the many outstanding, upcoming events on Maui, as there’s always something interesting happening on the island—that’s what makes it so great to live here! So, whether you’re interested in buying or selling real estate, or just looking for some fun things to do on Maui, be sure to stay up-to-date on the latest happenings here with the Maui Luxury Real Estate team. Aloha!