The Bad News is Good!!

2008 proved to be an interesting year for Real Estate in Maui. On a top line view - a challenging year:
Total Condos sold :               788 units    (33% down from 2007);
Total  Condo $ value sold:   $724 million  (25% down from 2007);

Total Single Family Homes sold:     905 units  (15% down from 2007);
Total Single Family $ value sold: $752 million (15% down from 2007).

Looks bad?  Actually, there is good news.....

Wailea /Makena Condos sold:   178 units  (24% down from 2007);
                       Condo value sold: $387 million (3% down from 2007)

Buyers have a great selection of properties to choose from - at prices in many cases not seen for 4 or more years. And Sellers who are pricing well are getting their properties sold....
The good news is that there are Great Deals to be had. And mortgage rates remain attractively low. For Buyers who have good Credit ratings and a decent deposit - Maui is your oyster! Get out there, shop around, and buy!

Here are some examples of deals to be had (call your Realtor today)......

Maui Kamaole across the street from Kamaole III Beach Park, this popular condo complex offers 1 and 2 bedroom units. How about a 1 bed/2 bath unit  for $474,777 - a price not seen since 2004!  Or a 2 bed/2 bath unit for listed at $575,000 - a price not seen since 2005!

Grand Champions on the Blue Course in Wailea. A 2 bed/2 bath condo listed at $498,000. This price has not been seen since 2003!!

Wailea Kai (gated community) easy walk to spectacular Keawakapu Beach. A 3bed/3bath home. Ideal for someone looking for bargain price entry to Wailea. Or someone looking to renovate and still come out well... Listed at $895,000, this is the lowest price Wailea home - a price not seen since 2005. (By way of disclosure, this is my listing...).

Wailea Golf Estates (gated community). Two listings for homes at under $2 million each. One is over 3,300sf of home (4 bed / 3.5 bath) on almost 15,000sf of land! This price has not been seen in this sub-division since 2005!

There is good news out there! Great bargains are to be had ... call your Realtor today!