“Maui Homes Reach All-time High Median Price; Will the New Owners Stay?”

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On the other hand, condos continue to not fare as well. Inventory has increased by double digits over the last six months, and when you get to my Covid/visitor occupancy report in a later section of this newsletter you’ll be able to draw your own conclusions. Since not all condos on Maui are zoned or intended for vacation rentals and in many ways function as homes, sales remain consistent though modest with those units. Even though inventory has doubled, prices, for the most part, have not adjusted accordingly. Sales in the “typical” short-term rental units under $1 million remain relatively stagnant. I’ve had this conversation with some of you recently–I keep expecting the “dam to break”, but it hasn’t yet. Stay tuned.
As most of you know, I keep my Newsletters as A-political as possible. While this is a topic that should fall strictly under the category of “science”, and /or “social science”, it has managed to leak into the realm of politics, as well. No doubt the topic has come into your aura from time to time, and I thought this article was somewhat thought provoking. Please choose to read or not, at your own discretion.

Has the re-opening of tourism on Maui been successful? “Maybe”, and “maybe”. Again, the “official´ date of the re-opening was October 15. As of November 10 when I emailed my Newsletter last month, I was able to report that the case numbers had changed very little—from an average of 1.3 new cases per day for the six weeks prior to the opening, to 1.8 new cases per day by 11/10. Since the incubation period is typically up to 14 days, 26 days represented a small sampling.




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