Maui Blog - Georgie Hunter R(S): Maui Market Update - Good News for Property Owners - Maui HI

Maui Market Update - Good News for Property Owners - Maui HI

Wailea Maui - golfing and vacation destination

This week the Maui News put out a good article summarizing the Maui Real Estate market.  They stated that our market is more or less flat, as opposed to declining.  Average condo prices are up 4%, while single family home prices are down just 1%.  This is not surprising to those of us who are lucky enough to live in this wonderful island paradise.  They're not making any more Maui, so what we have is very much in demand.  Please read this article for a Market Snapshot of average home prices and inventory numbers. 

Another member pointed me to a good article in Business Edge - a publication from Alberta Canada.  This is a great time for Canadians to be spending their money on second homes that they can use for vacations and possible retirement locations.

There are many luxurious new developments underway on Maui, and interest is still high.  Baccarat is making Wailea Maui one of their destinations, with an oceanfront hotel and residential resort that will be like nothing else we have seen so far.  Numerous residential condo subdivisions are now available for purchase, where you can own a single family home without all the maintenance issues, as your homeowner association will take care of the pool and landscaping for you.  This makes a great alternative to owning a traditional condo, for those who want a more homey feeling in their "home away from home".

I'm confident that Maui will continue to provide good opportunities for buyers and sellers who are looking to buy a home or condo that they can use and enjoy for many years to come.

How do you like that view overlooking the Wailea Blue golf course?  This was taken from the Wailea Fairway Villas.  Call me for more information about Wailea condos and homes for sale on Maui.

Comment balloon 8 commentsGeorgie Hunter R(S) 58089 • January 26 2008 06:36PM

Comments

Just a side note of something that was brought to my attention yesterday.  Real Estate is like a Garden...  First you plant the seeds and then you water then it grows then we pick our fruits.  The person that waters the seed the most, makes the most money.  Just thought that was a fun little way to look at it. Happy selling.
Posted by Andrew Johnson, Real Estate Service and Inventory Specialist (Touchstone Realty) over 9 years ago
Golfed Makena North and Makena South last September.  Can't wait to go back!
Posted by Joyce Heffner-Williams, Owner/Broker/EcoBroker - Monument Real Estate (Keller Williams Clients' Choice Realty) over 9 years ago
Now that we have the Superferry, I am hoping to spend more time in Maui.
Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) over 9 years ago

Andrew - that's a very good analogy!  You'll see me watering my pineapple patch.

Troy - Your profile page is very infomative - could spend a day checking out all those great links.

Randy - Pack some gravol for the next trip!

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) over 9 years ago
Georgina - beautiful landscape and fantastic real estate news! these are the posts we love to see! thanks!
Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 9 years ago
BJ - Glad you like the posts - I'll keep 'em coming.
Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) over 9 years ago
Flat... I guess that is much better than "declining" or "soft". Here in South Florida we too have a "unique" real estate market. We are a tourist destination and haven for foreign investment as well. Nice Post!
Posted by Mott Kornicki, Waterway Realtors, Notary Public (• Waterway Realty, Realtors® • Broker • South East Florida •) over 9 years ago
Mott - Thanks for stopping by - yup, these resort areas have a healthy market still.
Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) over 9 years ago

This blog does not allow anonymous comments