Maui Statistics Year To Date

Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings.

Although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.

New Listings increased 8.7 percent for Single Family homes and 13.9 percent for Condominium homes.

Pending Sales increased 4.9 percent for Single Family homes and 22.0 percent for Condominium homes. Inventory decreased 7.7 percent for Single Family homes and 19.4 percent for Condominium homes. Median Sales Price decreased 2.3 percent to $650,000 for Single Family homes but increased 14.4 percent to $433,750 for Condominium homes.

Days on Market decreased 20.9 percent for Single Family homes and 5.7 percent for Condominium homes. Months Supply of Inventory decreased 17.5 percent for Single Family homes and 29.2 percent for Condominium homes.

Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.

It’s Official!

Maui Fair

Happening Now! The 95th Maui Fair! The fair takes place at the War Memorial Complex in Kahului. The theme for this years Fair is “Celebrating the Greatest Things In Life”. $10 admission fee for adults, kids aged 5-11 $5 admission fee. 4 and under are free. On Sunday the admission fee lowers to $7 and $3 respectively.

This year the fair will be having its first street party starting at 5:30 pm. Be on the lookout tonight for a possible flashmob! On Sunday the street party will have some Aloha Characters.  Sunday at 3:00 at the main stage is the 12th annual Chili Cookoff sponsored by the Maui Fire Department. All proceeds of the Chili Cookoff will benefit the Shriners Hospital on behalf of the Maui County Fire Fighters Relief Association.

The Joy Zone has a new ride this year! Come by and ride the “Seven Seas”! Other rides include Magic Maze, Umbrella Squad, Zipper, and the Wave Swinger! Credits per ride vary. You can see more information regarding rides and credit cost here.

Events taking place at the fair this year include exhibits, a pie contest, baby of the year contest, and World Of Jam dance competition! These are just a sampling of the events that will be happening all throughout the weekend. To see a complete list of activities and entertainment, visit the Maui Fair website.

Enjoy your weekend!

Coming Up, Your Weekend Events!

Friday Town Party this Friday September 29th from 5:30 pm to 8:00 pm in Lanai. Roundtrip ferry rides between Lahaina Harbor and Manele Harbor will be available. Live music, food, drinks, prizes and more! There is expected to be over 30 vendors, and food booths will be set up along Dole Park. The Maui Fridays website has information for Lanai Fifth Friday.

Happening now through September 30th, the Chinese Moon Festival is taking place along Front Street.  This week long event is free! A box of 4 moon cakes is $25.00. Flavors include red bean, white lotus, taro, and 5 nuts with egg yolk. Cultural activities like calligraphy and knot tying along with tea and traditional music that the whole family can enjoy. You can view the schedule of events here.

Also on Saturday September 30th, Damian Marley & J Boog will be performing at the A&B Amphitheater with gates opening at 5:00 pm. Show is scheduled to start at 6:00 pm. Food will be available for purchase as well as drinks including beer and wine. General pricing and VIP ticket pricing available. Parking will be available in the MACC lot and the UHMC lot. The Maui Arts website has all the information on this event.

Enjoy the remainder of your week and weekend!

Events This Weekend!

This Friday September 22nd, come eat, play, shop, and dance at the Kihei Town Party and celebrate the first day of fall. This free event will take place from 6:00 pm to 9:00 pm at Azeka Mauka. Over 20 food trucks and food booths, and over 50 arts and crafts vendors will be bringing fun for the entire family! The Maui Fridays website has all the information on this event.

The Maui Okinawan Festival will be taking place this Saturday, September 23rd at the Maui Mall in Kahului from 10:00 am to 3:00 pm. This is a free community event. Live Okinawan music, Okinawan food, dancing, a craft fair, and games for keiki. Lots of cultural displays and professional photo sessions on hand. More information available here.

Also taking place on Saturday, September 23rd the 35th Annual Kula Festival! This event will take place from 9:00 am to 4:00 pm. Free parking available across the street at Keokea Park. Festival admission is $1 per person or a can of food which will be donated to the Maui Food Bank. Food, games, and a farmers market will be happening throughout the day. The St. Johns of Maui website has all the information for this event.

Enjoy the remainder of your week and weekend!