Market is screaming “Better Buy Now!”

Usually “The Market” sits and does its thing and REALTORs try to justify it.  “Sorry but we can’t change ‘The Market’.  I don’t set the value of your home — ‘The Market’ does.”  But if  “The Market” could say anything it would either be singing a beautiful song or screaming from the top of Haleakala “Better Buy Now!”.  Prices are still at their lowest point.  If you know someone who’s been thinking about Maui property share this article today!  This month there were 263 sales recorded in Maui County.  That is the highest number of units sold since March 2006.

Condo sales in Kihei were screaming up as they were on the West Side.  The West Side was strongly influenced by new sales at Honua Kai with 42 units closing in April.  There are still some great units available there so don’t miss out.

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• View the Full Trend Report – 2 years of trend data by area.

Foreclosures and short sales are still defining our market pricing but we did see declines in the number of new foreclosure notices scheduled for May; maybe they are just being posted somewhere other than the Maui News.   We are seeing more short sales being processed by the bank which is a good thing for homeowners that are underwater.

* Foreclosure counts are based on those advertised in the Maui News. This is not a complete list but reflects trends.

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Maui Statistics This data is published by the Realtors® Association of Maui, Inc. It contains monthly updates on sales by area for the County of Maui.