Rising Volume of Maui Condo Sales

Tourism continues to be Maui's primary business asset. An increasing number of visitors, however, are choosing to live on Maui, or to buy a second home on the island. Maui real estate volume is up. Maui condo sales are up. So are prices.

Affordability is a relative term. The price of homes in Maui started rising significantly about three years ago. Compared to more luxurious Maui properties, some real estate is still considered a bargain--not a deal, which seems to be non-existent, but a bargain. A mainlander, though, would still be amazed at how expensive Hawaii property is.

Luxury versus Affordability

Once the extraordinary cost of real estate is assumed, the comparative prices of Maui condo sales indicate level of amenities, facilities, and proximity to the ocean front. The resort areas of Kapalua, Kaanapali, Wailea, and Makena--all on the southern coast of Maui--offer their guests and residents lavish services, fabulous dining and shopping, and world-class golf courses with spectacular views.

Maui condo sales of timeshares, second homes, vacation homes, and permanent residences, are increasing. Most condo developments on the southern coast of Maui are upscale, but there are some areas that are still affordable, in Maui terms. On West Maui, the Napili and Lahaina locations are destinations more amenable to budget-conscious visitors and families. Kihei on South Maui is a mixed, casual beach community where many locals who work in the resorts live.