Kihei Condo Market Stirs
The Kihei condo market shows signs of rousing from its low inventory slumber.
The market posted 14 new condos for sale in the past seven days. That is more than the past several weeks. The Kihei market struggled to consistently break double digit listings all summer.
The week’s new listings show an equal number of short-term and long-term rentals. Seven of each went to market. The median price for residential (long-term) condos was $359,000.
The median list price for vacation rentable condos was $724,000. The lowest priced vacation rental is at Maui Vista. The one bedroom, one bathroom unit hit the market at $449,000. The most expensive unit at South Kihei’s Mana Kai complex. The two bedroom, two bath unit is listed $1,550,000.
The least expensive vacation rental unit by square feet of living space is located at the central Kihei complex, Maui Sunset. The $449,000 one bedroom, two bathroom unit has 681 square feet of living space. That’s approximately $659 per square foot.