5 Reasons to Smile about the Future of Maui Real Estate

In Tuesday’s newsletter we wrote about the similarities between Hawaii’s real estate market and California’s. We also pointed out that we believe we are at or very near the bottom. Here are five reasons why we are optimistic about the future of real estate on Maui.

1. Famous. Maui is famous. Just about everyone knows about and wants to visit Maui. Travel half way across the world and ask someone if they know about Maui. Chances are you’ll not only get a “Yes,” but you’re also likely get oooooh’s and aaaaah’s with the mention of Maui. Yes, Maui is that special. People know about it everywhere. And for good reason. It is a beautiful totally unique destination.

2. Pending Home SalesThe number of properties in escrow in South Maui is at a 12 month high.

3. Overcorrection. The real estate pendulum has dramatically shifted over the past five years. Today Maui’s real estate market is 35-40% off it’s 2006 highs. Could this be an over-correction? Yes.

4. California. California’s real estate market is showing signs of correction.

5. Median price. The median price activity of real estate sales on Maui is on the rise.

What do you anticipate is ahead? Do you anticipate any noteworthy changes during the next 6 to 12 months? We’d love to hear from you!

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