|
Laurelee Blanchard, Realtor |
Maui Island Real Estate News
|
|
Volume 12 |
|
|
In this Issue:
Real Estate Market Statistics
Buying Strategies
Coldwell Banker Island Properties 24 Baldwin Avenue Paia, Maui, HI 96779
Phone: (808) 298-8544
E-mail:
We're on the Web!
|
Real Estate Market Statistics
As of April 30, 2008, there were 301 home sales on Maui, compared with 437 a year ago. The average sales price was $901,374, compared with $993,021 a year ago - a 9% decrease. The median price was $592,696, compared with $632,000 a year ago, representing a 6% decrease. Total dollar volume decreased 37% during this twelve month period.
Click Here to See All MLS Listings
Buying Strategies
1 - Work out the finances first Figure out how much you can afford and check out the various financing options. Consult with the experts - a lender, your tax advisor, etc. Knowing exactly what you are able to spend will eliminate time spent looking at properties you can't have.
2 - Use a real estate agent who knows the market A full-time agent knows all the properties that are available, studies market trends, and will understand your future resale opportunities.
3 - Be patient Don't get pressured into making a decision. When you find the right property you will know it. Sometimes it's the first home you see, but don't let anyone force you into a purchase you don't feel right about.
4 - Prioritize Decide what is most important to you in your next home and put it into perspective, whether it's location, view, lot size, school district, or amenities. Some things can be changed. Flooring, kitchens, landscaping, etc. are changeable, but location, view, amenities, etc. are there forever.
|
|
If you do not wish to receive future newsletters, please click here and type" Remove" in the subject line. Copyright © 2008 Laurelee Blanchard - All Rights Reserved |
|
Comments(0)