Life on the island of Maui is often considered a life of luxury and relaxation. Yet when home buyers have to face home maintenance, yard work, and all of the other tasks that come with owning a single-family home, that life of luxury is harder to enjoy, especially if the home is used only part of the year. For this reason, many Maui home buyers choose condominiums. The low-maintenance lifestyle of condo ownership makes it easier for homeowners to spend their time enjoying the recreation, natural beauty, and friendly people of Maui. If you are in the market for condos for sale in Maui Hawaii, you will find a number of options available to you.
Since Maui is an island, open land is at a premium, especially along the shoreline where many people wish to live and vacation.
The diversity of condominiums on Maui offer something for everyone.
Buyers can find small, Old Hawaii style complexes, family and pet friendly areas, new planned communities primarily geared to full time residents, and multi-story oceanfront buildings that command breathtaking views.
While condos in Maui for sale may be short on land space, they offer plenty of room for their owners.
Developers have specialized in creating large, open floor plans that capitalize on the space they offer.
The average square footage of a 2014 Maui condo was between 703 square feet for a one-bedroom home and 2,998 square feet for a four-bedroom home.
Because of the ongoing demand for condos for sale in Maui Hawaii, condos have seen an increase in prices in recent years. In 2013 the average sale price for a Maui condo was $592,000, with an average sale price in 2014 of $658,000, which represents an 11 percent increase. Not surprisingly, condos on the beach or with an ocean view brought the highest prices both years. In 2014, a three-bedroom condo on the beach had an average sale price of $2,431,000.
Average days on the market is another indicator of the health of a real estate market. In 2013, condos in Maui were on the market for an average of 222 days. This decreased slightly to 203 days in 2014. While this is much longer than the national average, due to the unique demographic of buyers who are buying condos in Maui, it is still a drop, which indicates homes are moving more quickly as interest and prices are increasing.
The low-maintenance lifestyle is appealing to buyers for a variety of reasons. Some purchase condos for sale in Maui Hawaii as their permanent residence, relocating to the island year-round.
Others will purchase condos to use as a second or vacation home, and still others buy strictly for the investment opportunity of owning real estate in such a desirable location.
EXCEPTIONAL Location in the Lower Village – A Rare Gem on the Market! This is not just a condo; it's a lifestyle in the meticulously remodeled 1-bedroom 2-full bathrooms ...
Listing courtesy of Compass.
Highly desired two bedroom/1 bath home is now available for sale. The den has been converted into a beautiful 2nd bedroom, complete with armoire, closet, tv, queen bed an...
Listing courtesy of Susan Jackson Real Estate.
Kamaole Sands 3-402 is a fully furnished vacation rental condominium featuring Pacific Ocean views, split air conditioning and generous sized outdoor deck. This residence...
Listing courtesy of Berkshire Hathaway Maui Prop-W.
Grand Champions 34 is the best of all worlds. This beautifully renovated two bedroom lock off unit allows the owners to use part of the unit while renting the other part ...
Listing courtesy of Hawaii Life (W).
***As of February 28, 2023, the next one (1) Buyer to open and close escrow at Paradise Ridge Estates will be awarded with a $20,000 Decorator’s Credit as Closing!*** Gol...
Listing courtesy of Coldwell Banker Island Prop(S).
Views, views, views. This condo is perched on the front row of Maui Kamaole with spectacular ocean views, a treat during whale season. The kitchen is updated with bamboo ...
Listing courtesy of Coldwell Banker Island Prop(S).
This large, beautiful two bedroom unit is in a wonderful location in lovely Maui Kamaole. The spacious, comfortable lanai has a great ocean view and is perfect for evenin...
Listing courtesy of Realty ONE Group Pacifica.
Impeccably styled with contemporary beach house furnishings, the ultra-rare three bedroom remodeled townhome is a gem in the Kaanapali hillside. This corner unit with ext...
Listing courtesy of Compass.
Welcome to Konea 244 at Honua Kai, where luxury meets comfort. This one-bedroom unit offers a lovely partial ocean view and desirable North exposure, for both tranquility...
Listing courtesy of Maui Westside Properties.
Paki Maui 202 & 202A When it comes to real estate, the right location can make all the difference. And on West Maui, this direct oceanfront property offers the perfect co...
Listing courtesy of Keller Williams Realty Maui-L.