April 24 Newsletter
West Maui Market Update
April 2024
March 2024
West Maui Stats
HOMES
ACTIVE
PENDING
SOLD
CONDOS
PENDING
SOLD
VACANT LAND
ACTIVE
PENDING
SOLD
Aloha,

Across West Maui, new listings have been hovering around 75 for the first quarter of this year which is about a 45% increase from this time last year! The inventory has continued to rise in March as well with a 10% increase to continue the trend since September. Pending and closed sales have held steady for the first quarter at about the same numbers as 2023, before the fire. The days on market have shown the same as well.
So the overall picture is that although more sellers are willing to part ways with their properties in West Maui, the demand has been consistent with pre-fire times and properties are spending about the same amount of time on market as an average. Sales prices have slowly risen since the fire. What we are seeing, is that the demand is higher for the lower priced properties right now. That makes sense with the number of displaced local families we have. The upper end homes are taking longer days on market with a larger choice of inventory. As Maui's upper end tends to be second home buyers this follows a trend of real estate sales year over year.

The trends have followed the same pattern in Launiupoko. A larger inventory on the market than we have seen for a few years. Great time for Buyers to finally have some inventory to look at! In a normal market we hope to have 10% of the homes as inventory, which Launiupoko numbers are still creeping up to meet this 10% market share. Reasons for selling vary, It is just life happening with growing and shifting families, grandchildren, financial shifts, and the cycle of real estate. We did see a nice jump for closed sales in March with 5 homes, which is actually the most closings in one month since 2021. The spring break crowd came in with an agenda to buy! Across the island as well the highest peak of 2024 and 2023 were both in March. With more inventory, we are also seeing more sales, and hope that this trend continues throughout the year. Launiupoko currently shows 21 active homes, 4 pending and 6 closed sales year to date.

We have some great listings in the neighborhood right now so be sure to give us a call to explore some unique or traditional options for home in Launiupoko.
Read My Testimonials
West Maui News
Absentee Owner Scams on the Rise
"The criminals behind this scam are quite sophisticated and regularly armed with nonpublic information and identification of the actual property owner."

Kahului Housing Project For Fire Survivors Opens
"...now open and is accepting up to 500 people who need a place to live... consists of 88 modular homes intended to house people for three to five years until they can find a permanent place to live."

Krank Cycles Maui to donate over 100 bicycles to Lahaina
"Two events will be held to distribute the bicycles on a first-come, first-served basis, Saturday, April 20 and Saturday, April 27 at Krank Cycles’ Lahaina location."

Maui Pono Foundation

If you would like to stay up to date on the active listings in Launiupoko check out my Public Collection Here

Give us a call if you are interested in any properties, or if you are off island, we can help with any walk-through virtual tours, facetime, and additional information.
Let us be your feet on the ground!
February Market Reports
View All Reports
Our Featured Listings
Launiupoko
51 Awaiku Street
5 BD 5 BA 3,802 SF $4,850,000
Launiupoko
575 Kai Hele Ku Street
1 BD 2 BA 768 SF $2,295,000
+ 2 Additional Structures
Launiupoko - Lau Awa Pl
Makila Plantations
Lot 23
4.28 AC $2,850,000
Email us for custom collections of Maui listings, curated just for you!
Debbie Arakaki

RB-20674
Realtor Broker | CRS
808.283.7214
Debbie@DebbieArakaki.com
Anis Bel

RS-83243
Realtor-Salesperson
808.250.1452
anis.bel@compass.com
Compass | RB-23206
325 Keawe St #210
Lahaina, HI 96761
Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis.
marketingcenter--