area: If the market is appreciating by 8%, why are my condo prices plummeting?
- 04/20/08 03:09 PM
Aloha from Maui! I'm sitting at a Open House in Wailuku. It is almost new 3 bedroom, 2 bath townhouse with a small fenced backyard. Large kitchen, nice bamboo laminate floors and staged very nicely. When I started sitting opens here 2 months ago, it was priced at $424,000. Now it is down to $396,000. There are 15 active listings and 5 pendings in this same complex. Similar units are priced from $385K-465K. I'm sure the owner is asking, "Why isn't my house selling?" In the central area of Maui, prices have stayed strong with 8% increase in last year in median … (0 comments)
Aloha from Maui! 
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