Maui Real Estate Market Watch
Aloha! And welcome to another weekly Maui Real Estate Report from Eric West. Here is what's new and developing for the week of July 1st 2020.
(click here for access to all of the details in the report)
We had another 35 price reductions averaging 9% and a total dollar discounting of just under $6M. This is on par with what have been seeing during this Coronoa Virus time period. The two most notable reductions came from 300 Kepa Rd with a $2.7M reduction in price (34% off asking) and 3360 Kuaua Pl with a $500K reduction (24% off asking).
For the week the market saw 55 closings for a total sales volume of just under $44M. By way of comparison, the same week last year had 76 closings for $65M. That’s a