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What's Happening With Real Estate in Maui?
Manage episode 155160923 series 1148657
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The real estate market in Maui is performing differently in many areas. In some areas, home prices are rising and in other areas, the price is slightly increasing. Overall, inventory is low, which creates a good opportunity for home sellers across the island.
Just in the last year, prices rose by 8% in the Kihei market. On top of this, we're seeing a seller's market taking shape around the island. You can expect multiple offers if your home is priced right and in good condition.
Just in the last year, prices rose by 8% in the Kihei market. On top of this, we're seeing a seller's market taking shape around the island. You can expect multiple offers if your home is priced right and in good condition.
Buying activity should increase a little bit over the holidays, especially as we head into the spring selling season. Buyers will also be spurred to act quickly because interest rates are still historically low. This gives people an opportunity to save thousands of dollars over the lifetime of a loan, which is an incredible help to first time buyers.
If you have any more questions about the market in Maui, please don't hesitate to contact me. I look forward to speaking with you!
If you have any more questions about the market in Maui, please don't hesitate to contact me. I look forward to speaking with you!
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