What is the average price of a home in Maui?

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Maui, HI Housing Market In February 2022, the median listing home price in Maui, HI was $989.8K, trending up 24% year-over-year. The median listing home price per square foot was $899. The median home sold price was $875K.

Is Maui real estate a good investment?

Real estate properties appreciate, which means it increases its value as time goes on. If you choose to sell your Maui home in the future, you can expect to earn a significant profit even if you didn’t make any upgrades. Another good thing about Maui real estate is that it consistently shows high rates of appreciation.

Where is the best place to live on Maui?

Best places to live on Maui

Paia, North Shore. Paia is located on the desirable North Shore.
Haiku, North Shore. The North Shore of Maui is popular with locals.
Hana, East Side. Hana is very isolated.
Pukalani, Upcountry.
Kahului, Central.
Kihei, South Side.
Olinda, Upcountry.
Makawao, Upcountry.

Is Maui real estate going down?

Maui Housing Market Realtors Association of Maui reports that new house listings fell 9.8% year over year and condo listing are down 19.2%. Total inventory of houses for sale has plummeted 44. % and condo listings have dropped 82.3% year over year.

Is it a good time to buy a house in Maui?

High demand for housing will keep prices stable on Maui. Even though home prices have risen, the low cost of borrowing means there are still some good deals out there. For example, a home that previously sold for $700,000 at 4% interest would cost $1,203,087 over the life of a 30 year loan.

Is buying a condo on Maui a good investment?

The good news is that buying any kind of property on Maui is a great investment—just make sure you have all your financial ducks in a row. 2. You also want to choose a property in a community that can be permitted as a vacation rental.

Is Maui safe to live?

Maui is generally a safe place, both for visitors and those of us who live here. Our island welcomes nearly 3 million visitors each year, and the vast majority of those people experience nothing more distressing than a sunburn.

Is buying land in Hawaii a good investment?

If you plan properly and buy right, an investment in Hawaii real estate is typically a safe and rewarding investment. And if you or someone else lives in the property, it can provide years of happiness and memories as well.