January 2021 - irp-cdn.multiscreensite.com
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January 2021 Launiupoko Market Update Properties Actively For Sale 5 Cottages 15 Main Homes 9 Vacant Land January 1, 2020 - December 31, 2020 Cottages 5 Active 6 sold Main Homes 15 Active 6 pending 14 sold Vacant Land 9 Active 3 sold
Transcript of January 2021 - irp-cdn.multiscreensite.com
Anis Bel <[email protected]>
January Newsletter
Debbie Arakaki <[email protected]> Wed, Jan 27, 2021 at 3:52 PMReply-To: [email protected]: [email protected]
January 2021
Launiupoko Market Update
Properties Actively For Sale5 Cottages
15 Main Homes 9 Vacant Land
January 1, 2020 - December 31, 2020Cottages5 Active6 sold
Main Homes15 Active6 pending
14 sold
Vacant Land9 Active3 sold
Aloha,
Happy New Year!
Current Hawaii Travel Guidelines: In order to bypass the 10 day quarantine, travelers arerequired to get a COVID test from one of the approvedpartners within 72 hours before departure. Negative testresults must be received boarding the flight that will belanding in Hawaii.Click Here for a full guide.
How has the Maui real estate market been doing inDecember and for 2020? We have our Year End stats here:
As you know 2020 was a rough year for manyindustries. However, after a rough first half, our marketbegan turning around. Comparing year-over-year, theResidential market in 2020 had a 6% decrease innumber of sales but a 3% increase in total dollarvolume. Which explains that the median sales pricewent up 7%.Condos had a rough time in 2020 with 17% decreasein number of sales and a 4% decrease in dollar volume.However, this accounted for an 11% increase in medialsales price.The Vacant Land market was a little different with a17% increase in number of sales, 5% decrease indollar volume and 5% decrease in median sales price.
The number of sales in West, Central, and South Mauiall dropped in 2020 while Upcountry, North Shore, EastMaui, and Lani/Molokai all had increases.
Looking more specifically at the end of the year, theResidential market in December had an increase of8.2% in transactions compared to December 2019.Price increased 16.9% and new listings are still down18.9% continuing the downward trend in inventory andthe seller's control in the market.
Here is a graph showing the sales trend throughout theyear:
The condo market had an upward trend in transactionsof 35.2%! Pricing increased by 22.3% compared to lastDecember for the median condo sale. New condolistings have went up 0.7%. The condo market took a bitlonger than residential to catch up with last years levelsbut December and January have been very busy forcondos!
Vacant land had an increase of 178% in transactionsand a 17.4% increase in median sales price from lastDecember. The market for land has seen a major uptickin the last 2 months of the year it will likely continue intothe start of 2021.
Here are the full reports
Call me if you plan on returning to Maui this month sowe can touch base and schedule a few showings!
Please let me know if I can help with any questions orupdates on the Maui real estate marketplace. I hope tosee you on Maui soon!
Debbie ArakakiREALTOR (B) | CRS(808) [email protected]
Happy New Year!
Featured Listings
41 Kumu Niu Place
$3,250,000 | 4 Bed | 4 Bath | 3,132 SF
80 Wai Kulu Place
Launiupoko
$1,9950,000 | 7.129 Acres
Kapalua Golf Villas Unit 19T3
500 Kapalua Drive
$1,095,000 | 2 Bed | 2 Bath | 1,350 SF
West Maui News
Step by Step guide to Hawaii’s pre-travel COVID-19 testing program:
Click Here
New Flower Species Discovered on
Maui
Only one individual of the new species,named Cyanea heluensis, is currentlyknown from a remote location in WestMaui. It is related to other native plants
known as haha, but it has unique leavesand gently curved, long, white flowers.
More Info
Maui County responds to growingnumber of COVID-19 cases
Maui reported 56 new cases on January7th. Mayor Victorino said “Our medical
advisers anticipated a dramatic surge incases after the holidays. We are
watching the numbers very carefully, butwe do hope to see a downward trend
toward later this month." More Info
Kaiser Permanente Hawaii VaccinationProcedures and Schedule
Click Here for more info
Compass has launched a brand new
Luxury Listing Magazine!
Introducing Curated Magazine, theessence of Compass luxury. Explore thisspecialized periodical featuring Compass’
most prestigious properties. Check out the Latest Edition
Debbie Arakaki
Broker | CRS | RB-20674808.283.7214 [email protected] www.DebbieArakaki.com
Testimonials
Compass | RB-2320675 Kupuohi St. #203Lahaina, HI 96761
© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYCCompass is a licensed real estate broker and abides by Equal Housing Opportunity laws.All material presented herein is intended for informational purposes only. Information iscompiled from sources deemed reliable but is subject to errors, omissions, changes in
price, condition, sale, or withdrawal without notice. No statement is made as to theaccuracy of any description. All measurements and square footages are approximate.
This is not intended to solicit property already listed. Nothing herein shall be construed aslegal, accounting or other professional advice outside the realm of real estate brokerage.
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