Maui Real Estate, Picking up in 2nd half of 2009
What is happening in the Maui real estate market? I do believe we are seeing inventory moving in the lower end of the market. A condo in Kihei Villages that sold for $270K in 2005, is now a short sale priced at $175K and selling close to list price. The high end you have Hoolei Wailea Maui condominium last year closing over $3M, and recently a short sale closing at $2,100,000.
Another great deal in Hoolei is unit F-4 priced at $2,195,000 incredible price. So here and there are some fantastic prices for Maui homes and condos. Maui has always been a destination for people looking for the sun and great beaches. This fact will always bring the market around in Maui. So even know we are headed into our slow season, savvy buyers will be showing up to take advantage of the market.
As prices have to adjust to the reality of the market. With Maui Short Sales and Maui Bank Sales taking place even at the higher end of the market. This is causing sellers to have to adjust to the new market set by recent sales prices. So if you are looking for Maui real estate, this is a golden opportunity. Let me know if I can be of any help. You can call or email to be added to my newsletters and updates. Also, sign up for email daily updates of all new Maui real estate.
Steven C. Nickens R(S) GRI, ABR
The Wailea Group LLC.
3750 Wailea Alanui, suite 5WE
Wailea, Maui, Hi 96753
Email: nickens@maui.net
Cell: 808-280-2208
15 years Maui Realtor, 36 years on Maui
Experience that makes a difference
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