Maui Sales

Hawaii Real Estate

Maui condos For Sale

Cash Buyer Advantage

Maui’s already exclusive real estate market exploded in 2021 and cash buyers were uniquely able to take advantage of this. Low Interest rates, dwindling inventory and the ability to work remotely were three key factors sky rocketing Maui’s real estate market.

According to a 2021 report by Fidelity National Title & Escrow of Hawaii, sales for home, condo and land were up 30, 70, and 95 percent respectively. More than half of the homes and condos on Maui sold at or above the list price. Cash buyers, many of them from out of state, were well positioned to compete in this market, where cash deals accounted for 33% of home sales and 44% of condos sales.

With continued gains in the equity market, low interest rates, limited inventory and ability to work remotely during the pandemic, it’s likely this trend will continue and cash buyers will maintain an advantage.

Out of state buyers accounted for over 30% of the transactions on Maui and cash buyers, in particular, were advantaged in this market. According to an article in Forbes, Hawaii’s ultra-luxury real estate market saw enormous gains. The trend of low inventory and high demand is likely to continue going forward into 2022.

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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 Greg Smith, 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.