Sales are up! Median Prices are up! Foreclosures are slowing. It all seems to good to be true. And we are in our "slow time". The Making Home Affordable act is responsible for slowing foreclosures. Many people facing foreclosure are able to modify their mortgages. Better systems in some … [Read more...]
Maui Real Estate Market Trends: September 2009
October 12, 2009 by 2 Comments
September 2009: Economists Say We've Hit Bottom... According to Hawaii Pacific University professor Leroy Laney, Maui has hit the bottom of economic times as cited in this Maui News article. I hope he is right even though he says it will take a long time to start heading up. The article didn't … [Read more...]
Buyers Edging Their Way into Maui
July 7, 2009 by Leave a Comment
Many people are waiting for the bottom of the market to hit. Wait no longer - at least for the residential market! Residential sales are up. The 4-month moving trend is up 24% even though it is still under last year's numbers. The median sales price has hovered right at $500,000 for 4 months … [Read more...]
Market Trends: No News is Good News
March 14, 2009 by Leave a Comment
Maui Real Estate Market Trends February 2009Early each month, I look through our local paper for the latest real estate news. I get a kick out of the media's assessment of "the numbers". Usually the media takes numbers out of context and exaggerates them to have perceived value to the reader. … [Read more...]
January Market Trends
February 4, 2009 by Leave a Comment
New Year, New HopeCondo units sold is up over the last 2 months. Still down from where we were a year ago but similar to mid-year levels. Residential units sold is down. But pending numbers are up. Many agents are reporting an increase in activity. The numbers aren't showing it but I've been … [Read more...]
2008 Year End Market Trends
January 16, 2009 by Leave a Comment
Maui Real Estate Market Trends Year End 2008Over the course of 2008, we've seen downward trends in everything except inventory. There were a few glimmers of hope at the end of the year. December showed an increase in average and median prices for both condos and residential units and an increase in … [Read more...]
