I work in Wailea, Maui, and have the opportunity to meet a lot of interesting buyers/ tire kickers. Okay I've heard this before. I am going to wait till next year when the market really tanks. I had a client from Canada come in today and say the exact same thing; I am waiting till next year. Another quote, I hear is real estate is safer long term than Wall St. Here is my favorite, cash is king. Well show me the money! What I am seeing is in Maui, if you are paying attention there are some great buys out there.
I have seen the different cycles through the last 36 years in Maui. If you were speculating in the real estate market and got caught with a full beck in your hands you are bumming. So at what point do you break from the pack, and start investing in real estate for down the road. Everyone involved is ready to bend over backwards to make it possible for you to buy your dream home. It is important to remember that the real estate market runs in cycles, and conditions can change without a lot of warning. The market was just going through the roof and now prices have drop.
I remember when Makena Surf Condos, were selling for $189,000, now they start around $2,500,000 and up. There is an old saying what goes up must come down and go up again. If you are looking for homes for sale, in Kula, Haiku, and Upcountry Maui. Check these links for active Upcountry listings.
For more information on current Maui real estate prices, give me a call!
Steven Nickens, R(S), GRI, ABR
The Wailea Group LLC
3750 Wailea Alanui, Suite 5WE
Wailea, Maui, Hi 96753