Maui Market in a Minute
There is a little slowing that we expect with the fall season but when we look at the trends year over year, units sold are up 20% and median prices are up about 13%. The condo market has picked up speed long before our classic “condo season”. There has been a little slowing in some areas in the residential markets. It’s definitely a Seller’s Market in most areas with inventories under 2 months in Central Maui and a fluctuating 7-9 months in West Maui. Now is a great time to buy and have a new house for Christmas. If you missed it, check out the blog on Price Profiles where I compare prices for different areas and types of Maui real estate.
What are 1st Time Homebuyers Looking for?
Here’s a little video on U.S. Real Estate data and the results of a survey of first time homebuyers.
Distressed Properties in Maui
There’s not much new in the distressed property arena; inventories are low and short sales are slow!
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