The real estate activity in Central Maui tends to mirror the island’s overall market for both pricing and sales trends. Over the last year, although the area experienced increased sales activity, homes in Kahului experienced price depreciation—falling six percent from $622,500 in 2006 to $586,850 in 2007. “Kahului is primarily an area where local residents live – and not second home owners or non-residents.” Prudential Locations Maui Realtor Salesperson Chris Marzoeki says, “buyers in Kahului are most often relocating Maui residents from Kihei or Upcountry, often they are downsizing from larger properties and looking to have close conveniences such as more restaurants and shopping”.

New developments of single family homes that have recently come on the market have also increased supply. These factors mean sellers of single family homes need to be sure they price their property right. In fact, Marzoeki says, “it is crucial that a seller prices their property properly, Buyers have the upper hand and interest rates are low, so they can pick and choose and may drive a hard bargain in this market.”