Maui Real Estate Watch
No question the Covid-19 / Corona Virus Hawaii lockdown has created some softening in the market - translation?
Better deals for buyers!
Although last week DID see another $63M in sales transactions from 86 closings. Likely those deals went under contract prior to the shutdown. I don' think we've seen the full impact on closings yet. The largest closings were 0 Haneoo Rd in Hana for $2.8M and 320 South Ulukoa at $2.75M.
We also had 21 price reductions over 3% for an average of 9% and a total dollar volume of $5.3M for the past week. Please see the Google Sheets spreadsheet below or link here for all of the detail.
You will find the Top 20 deals for Homes, Vacation Condos, Long Term Condos and Vacant Land and all parcels for sale under $500K on Maui.
As of this week Mayor Victorino of Maui County announced that Real Estate services on Maui are still considered "essential" but we have be strongly advised by the Realtor Association of Maui to only conduct showings in homes and condos with no tenants or homeowners and to drive separately. The good news is we are still able to conduct business, albeit at a slower, and safer pace.
If you need any help or have questions, please feel free to call or text Eric West at 808-298-2030