September Market Statistics

All Hawaiian islands have seen significant real estate market movements. From Maui’s luxury residences to Kauai’s stunning scenery, the market is showing a complex mix of growth, losses, and big price revisions. This year’s performance by region:

Maui Market Statistics:

Single-Family Homes:
Total Sales: 580 properties, up 0.5% from previous year.
Median Sale Price: $1,300,000, up 8.7%.
Sales rose 1.4% to $1,042,117,942.
Condominiums:
Total sales fell 10.1% to 679 units.
Median Sale Price: $900,000, up 9.1%.
Sales volume rose 16.1% to $1,018,536,964.
Vacant Land:
Total sales: 144 items, 14.3% higher.
An astounding 33.4% increase in median sale price: $902,501.
Total Sales: $283,084,001, up 72.3%.

Oahu Market Data:

Single-family homes:
Sales rose 1.9% to 2,210 properties.
Median Sale Price: $1,100,000, up 6.8%.
Sales rose 5.5% to $2,991,846,111.
Condominiums:
Sales fell 5.7% to 3,466 units.
The median sale price rose 1% to $510,000.
Total Sales: $2,100,169,518, down 7%.
Vacant Land:
Total sales: 53 parcels, down 23.2%.
The median sale price rose 4.7% to $890,000.
Total sales fell 35.3% to $76,100,999.

Big Island Market Statistics:

Single-Family Homes:
The number of residences sold rose 1.3% to 1,509.
Median Sale Price: $549,150, up 9.8%.
Sales rose 28.3% to $1,576,940,292.
Condominiums:
Total sales fell 10.9% to 442 units.
Median Sale Price: $680,000, up 14.5%.
Sales volume rose 10.4% to $523,486,621.
Vacant Land:
Total sales: 1,373 lots, down 9.9%.
Median Sale Price: $46,000, up 12.2%.
Sales volume fell 4.3% to $244,118,554.

Kauai Market Statistics:

Single-Family Homes:
There were 284 home sales, a 37.9% increase.
Median Sale Price: $1,400,000, up 21.7%.
Sales volume rose 78.3% to $605,555,821.
Condominiums:
Total sales fell 7.2% to 219 units.
The median sale price rose 8.4% to $769,000
Total sales fell 2.4% to $209,756,653.
Vacant Land:
Total sales: 83 parcels, up 1.2%.
Median Sale Price: $774,500, down 12.7%.
Sales volume rose 5.2% to $101,759,305.

Single-family home and land sales have increased on Maui and the Big Island, but Oahu and Kauai have had mixed results. Condo sales have slowed on the islands, but prices are rising due to island living demand. Maui’s unoccupied land sales volume rose 72.3%, driving up prices.

Thank you to Title Guaranty Hawaii for providing the information. Stay tuned for market insights and updates!

Info from Howard Dicus Hawaii News Now 

Maui County Council approved an intergovernmental agreement for the state to purchase the 6.2-acre Haggai Institute, intending to convert the former Maui Sun Hotel into affordable housing. Initial occupants will include wildfire survivors and emergency responders, with long-term plans for affordable workforce housing, with 25% allocated for teachers. The agreement outlines collaboration between Maui County and HHFDC for development. The acquisition, funded by a $45 million legislative appropriation, preceded the August 8 wildfires.

Funds For Rebuilding

From Howard Dicus NBC report this early morning:

$35M receiving from the Federal Government for Maui rebuilding housing for Lahaina.

Tourist visiting Hawaii Islands averaging 30,000.  For Maui down 29%.

New ABC Island Country Store opening next Monday servicing specialty items located at 1860 Ala Moana Blvd, Honolulu, Hawaii where the former Wailana Coffee Shop used to be.

Howard Dicus This Morning

In listening this morning to Howard Dicus on Hawaii News Now he mentioned:

Mahalo to Daikin, the largest air conditioning company and Revolusun Solar for assisting Ohana Hope Village with the building of emergency housing for Lahaina Fire Victims on Maui.

On Kauai, their County Council approved Kapaa’s 36 Home Subdivision built in 1966 to be reconstructed into 124 Affordable housing units

CVS Contributes

With partnerships with organizations, CVS Health announced a $35 million investment in affordable housing developments in Hawaii. The 200 new homes will be built in Lahaina, Maui, and Kapolei, Oahu, and will offer customized social services. This program, which demonstrates the effectiveness of public-private partnerships, is in line with the state’s priorities, which include housing and early childhood education. Thank you CVS for caring.

Read the entire article via the Maui News here.