March 2018 Lahaina Real Estate Market Update

Single Family Homes

Sales of single family homes in Lahaina are up by 60.0 percent through March 2018 year-to-date with 16 closed home sales versus 10 last year year for the same period.  New Listings are down by -7.1 percent and Pending Sales are also down by -17.6 percent.  The Days on Market Until Sale increased 51.3 percent from 113 days in March 2017 versus 171 days through March this year.  This is an almost 2 months increase in the time it is taking for single family homes in Lahaina to sell.

Both Average and Median Sales Prices have gone up on a year-to-date basis.  The Average Sales Price is now at $2,305,994, a 58.6 percent increase.  The Median Sales Price is up 21.6 percent at $1,109,000.

Inventory of Homes for Sale is down by -37.0 percent with 29 homes on the market in Lahaina at the end of March.  The Months Supply of Inventory stands at 4.8 months which is a -46.1 percent drop.

Condominiums

Real Estate activity for condominiums is down overall in Lahaina.  Closed Sales are off by -40.0 percent through March 2018 on a year-to-date basis.  Pending Sales are also down by -30.8 percent and New Listings have increased 30.4 percent.

The Average Sales Price of a condominium is down -14.0 percent year-to-date through March wtih the average price at $451,308.  The Median Sales Price is down by -6.5 percent with the Median at $435,000.

See Statistics for Lahaina Here