Maui Real Estate Market: 2015 in Review

Maui Real Estate Market Overview and Statistics | 2015

One of the questions I'm asked most frequently, particularly by Sellers, is where do buyers of Maui properties originate?  There is often a misperception that the majority of our foreign buyers come from Asia.  While this might be true for Oahu's market (particularly Honolulu), it hasn't been the case for Maui County, which includes the islands of Molokai and Lanai. 

When looking for this information, I turn to Title Guaranty, one of Hawaii's most reputable Title and Escrow Companies, for their market research.  As you can see, the bulk of purchases made by foreign buyers of Maui real estate were Canadian, with 80 transactions in 2015, compared with only 3 from Japan, and none from China.

When looking at our mainland market, the largest mainland feeder markets are California, Washington, Texas, Colorado and Oregon. This particularly holds true in the resort markets in West Maui (Kapalua, Kaanapali) and South Maui (Makena, Wailea, Kihei). This makes sense as the flight times are shortest from the West Coast and many of these areas have direct flights to Maui.

For more detailed information on the Maui Real Estate market and statistics, you can read the 2015 Kapalua Real Estate Market Overview, as well as Maui real estate information for 2015 prepared by the Realtor's Association of Maui.  Please feel free to contact me any time with questions or for more detailed information on a market that interests you.