Maui Sales

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Bank Owned Properties on Maui

 

Bank Owned Properties on Maui

In yesterday’s newsletter we talked about the decrease in the median price of Maui condo sales from January 2010 to January 2011.

The median sold price of Maui condos in January 2010 was $404,000. Just this past month, in January 2011, that number dropped to $295,000. This drop in the median price of Maui condos can be attributed to the increase in bank owned sales. In January 2010, there were 8 bank owned condos on Maui that sold. One year later, in January 2011, that number increased to 24.

We have a new bank owned listing that we’ll be listing soon at Kihei Akahi. This is a nice 1 bedroom, 1 bath unit with ocean views from the lanai. Kihei Akahi can be used for short term vacation rentals. More about this Maui bank owned condo to come.

If you are interested in bank owned homes or condos on Maui, Here’s a complete list of all the Bank Owned inventory available as of February 8, 2011.

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About The Smith Team

Ken Smith, a Maui resident for 35 years, brings his extensive local knowledge and passion for the island to his successful real estate career. Alongside his daughter-in-law, Melissa Smith, and Lindsey Taylor, the Smith Team provides a wealth of experience and dedication to clients seeking to buy or sell property in Maui.

Melissa Smith, a third-generation Maui native, combines her deep understanding of the island's growth with a commitment to exceptional service. She empowers clients with knowledge to make informed decisions in finding their dream homes. With a background as a top agent and a Broker's license, Melissa's expertise is invaluable.

Gregory P. Smith, a lifelong Maui surfer, channels his passion for the island and its natural beauty into his real estate profession. His enthusiasm, deep market knowledge, and dedication to exceeding client expectations make him an exceptional agent.

The Smith Team's combined local expertise, commitment to client service, and understanding of the unique Maui real estate market make them an ideal choice for those looking to navigate the island's property landscape. Their proven track record ensures a smooth and successful experience for both buyers and sellers.