June 28th, 2009
The distress in the jumbo mortgage world has clearly had a negative impact on Maui real estate. In Wailea in the first six months only 1/3 of all sales were financed with conventional mortgages. That is only half that of 2008. But help may be on the way.
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June 28th, 2009
And that includes Maui. We would expect that sales activity increases are necessary to see price stabalization. So this is good news for Maui real estate.
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April 5th, 2009
Condominium sales in the Wailea-Makena area fell 65% in the first quarter from the same period a year ago. Median sale price actually increased 46% as buyers focused on larger units. Per square foot values increased 6.4%.. Single family home sales declined 50%, median sale price increased 26% but per square foot values, the better measure, declined 13%.
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April 5th, 2009
Condominium sales across Maui fell 49% in the first quarter of 2009 compared to the same period a year ago. Median sale price declined 27% and the average per square foot value was 29% lower. Single family homes saw similar trends with unit sales falling 34%, median sale price falling 22% and average value per square foot down 27%.
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April 5th, 2009
We are finally seeing some reasonable economic data:
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