It’s the most wonderful time of the year - especially for Maui’s real estate professionals.
Each winter, thousands of visitors flock to the islands’ warm weather and white-sand beaches to flee chilly temperatures on the mainland. And some of those visitors - particularly ones that return year after year - decide to invest in vacation properties of their own.
This Wailea Elua unit is situated one of South Maui's most elite condominium complexes.
Over the last year, condominium sales on Maui soared - even before winter, which is by far the busiest sales season. Now, Maui’s real estate professionals are gearing up for could be some very successful winter months.
“It’s starting to get cold on the mainland so they come to Maui to enjoy our winter - which is still like summer for them,” said Island Sotheby’s International Realty agent Volker Weiss, who specializes in the resort areas of Kihei, Makena and Wailea.
Maui's winter is better than summer in some mainland areas. This Na Hale O Makena unit is the perfect escape.
Condominiums on Maui are in increasingly high demand, with median sales prices soaring 12.9 percent to $519,500 compared to last year, according to Realtors Association of Maui data. As more and more visitors come to Maui to escape harsh winters, hopeful buyers and sellers should only expect the demand for condominiums in resort areas like Maui’s west and south shores to increase, said Weiss.
“It’s perfect for when people are done with dealing with the snow and winter,” said Weiss.
In general, most potential buyers have visited Maui several times and know they want to buy on island. For many people - especially those from chilly climates like Colorado, Washington and Northern California - a condominium that can serve as a vacation home is the ultimate holiday gift, he said.
“In winter, Maui is the best escape,” he said.