Maui Real Estate Prices at or Near Rock Bottom

According to noted economist, Paul Brewbaker, “If Maui real estate prices haven’t already hit bottom, they’re not going to get much lower.”

He further stated that it wasn’t worth looking for the last 5 dollars, and if you want a bargain, the time to act is now.

In addition, even if prices do drop further, the likelihood is that interest rates will more than offset any possible savings for those who are financing their purchases.

The uptick in housing prices in California, fortells an uptick here, as Maui closely follows the trends in California; although normally with a lag time. Read the full article.

Next week, we will put up a link to the video, so you can see for yourself the data which Mr. Brewbaker is using for his forecast.

Have a wonderful week! Mahalo Nui Loa,

The Smith Team

P.S. Ho’onanea at Lahaina is a brand new D.R. Horton project with terrific pre-construction pricing. Here are three representative Listings.