Lahaina Single Family Home Market
The sale of single family homes in Lahaina are down by -6.0 percent through September of this year with 47 closed transactions versus 50 last year at the same time. In addition to the drop in sales, Pending Sales are down by -32.1 percent and the Inventory of Homes for Sale has gone up almost 3.0 percent with 36 active home on the market at the end of September. The Months Supply of Inventory rose 13.8 percent at the end of September with 7.4 months supply.
The Average Sales Price rose slight by 0.7 percent year-to-date and stood at $1,696,663. The Median Sales Price dropped dramatically though by 38.6 percent from $1,334,500 to $820,000.
Lahaina Condominium Market
Both the Median and Average Sales Prices of condominiums in Lahaina rose year-to-date through September. The Median Sales Price was up 6.7 percent at $515,000 and the Average Sales Price was up 20.0 percent at $615,224. New Listings going on market rose by 5.7 percent, but pending sales have dropped by -7.8 percent year-over-year. Through September, Close Sales were up by a modest 3.2 percent and the Days on Market Until Sale rose 10.1 percent from 99 days to 109 days.
The Inventory of Condominiums for Sale decreased by -5.6 percent at the end of September with 17 condominiums on the market. The Months Supply of Inventory dropped -3.7 percent to 2.6 months.