If you have been watching neighbor island condos, the latest numbers tell a mixed story. Prices are still drifting lower on Maui and Kauai, but buyers are finally showing up, and that changes the conversation for both buyers and sellers heading into the fourth quarter. Here is what the recent data shows and how to use it.
Maui Condos: Falling Prices, Rising Sales
Maui's August numbers, reported in early September, show the median condo price at about $564,950, down roughly 13 percent from a year earlier. Single-family homes fared better but still slipped about 8 percent to a $1.2 million median. The encouraging part is volume: condo closed sales rose about 19 percent and pending sales jumped about 55 percent, which local agents describe as the third straight month of rising sales, a streak not seen since 2022. Months of supply for condos is still above 12, so this remains a buyer's market, but inventory is slowly shrinking as sales rise.
Kauai Condos: Fewer Sales, Steadier Prices
Through the first eight months of 2026, Kauai condo sales totaled 152, down about 21 percent from 193 in the same period last year. The island-wide median price was $852,500, off roughly 2.6 percent. The South Shore held flat at about $1.05 million, the North Shore slipped about 5 percent to roughly $1.0 million, and Lihue, where inventory leans toward owner-occupants rather than vacation rentals, rose nearly 19 percent to $622,500. The takeaway: resort-style condos are seeing thinner demand, while residential-oriented pockets are holding up.
What It Means for Buyers
Buyers have leverage, but it is not uniform. On Maui, some condos from the Bill 9 and Bill 88 short-term rental lists are coming to market in complexes like Wailea Ekahi and the Palms at Wailea, so you may find motivated sellers and negotiating room, particularly on units that lost their vacation rental use. Confirm each building's rental rules, special assessments, reserves, and insurance costs before you offer, because carrying costs can matter more than a lower list price. On Kauai, focus on the submarket: Lihue pricing is firming while North Shore resort condos still show softness.
What It Means for Sellers
Rising pending sales mean serious buyers are out there, but they are comparing against falling recent comps. Price to the current market rather than last year's, expect longer marketing times (Maui single-family homes are averaging around 128 days), and be ready to address insurance, reserves, and rental-use questions up front. Condos with clean financials, strong owner-occupancy, and transferable rental rights will stand out. A well-prepared listing can still sell quickly in a slow market.
The Bottom Line
Neighbor island condos are still in a correction, but the data suggests the worst of the volume slump may be behind us, at least on Maui. Whether you are buying or selling, the right move depends on the specific building and submarket, not the island average. If you want a building-level look at pricing, rental rules, and carrying costs, reach out and we can walk through the numbers together.