According to recent data, the Kahului and Wailuku real estate residential market area has seen a slight increase in the average sold price from March of 2022 to the 1st quarter of 2023. However, the Kihei real estate residential market area has experienced a significant decline throughout the same time frame. This could be due to various factors such as changes in market demand, property condition, location, and other economic factors. It is important for both buyers and sellers to keep an eye on these trends in the real estate market to make informed decisions about their investments. Real estate professionals can provide valuable insights and guidance to navigate these market changes effectively.
