Maui Home Buyer Blog Starts

Aloha and welcome to Maui Home Buyer.  I am starting this blog to post the latest information on our market and the latest trends to keep everyone informed.

For the South Maui area we have been seeing an increase in pending transactions as properties are starting to sell.  As of today we have 228 Pending transactions.  Of these, 46% are potential short sales and an additional 12% are Bank owned REO properties.  This is compared to under 40 pendings a year ago.

These numbers also show that a good portion of activity is in non-distressed properties as well which means our overall inventory is starting to drop.

On the luxury market the news is an oceanfront home on 1.65 acres in Makena just sold for $19.85 million cash.  This home originally came on the market at $37 million.  This could be a sign of the ultra high end market softening and signaling some potential bargains could be around the corner.

Please let me know what information you would like to see so we can grow this page together.  Mahalo and Aloha for now.