Hawaii Real Estate

Maui homes For Sale

Predicting the Market Bottom

There is still controversy about whether or not the latest real estate market data is signalling a bottom to the market.

The naysayers point to the increasing delinquency rate on Alt A and Prime Loans as an indication that we will see a new wave of foreclosures and further declines in prices.

Those who feel the market has already bottomed or soon will, point to the increased sales and drop in inventory.

Who is right? We wish we had a crystal ball and could tell you for certain where prices will be in a year or two from now. Unfortunately, our crystal ball is rather cloudy at this time.

What we can tell you is that timing market bottoms is nearly impossible to do. In some cases, prices have already dropped by 50% or more. Are you willing to risk waiting in the hopes that you’ll be able to get another 10 or 15% in savings?

Look ahead 5 to 10 years from now, and ask yourself where prices will be. When you put it into perspective, you will probably feel, as we do, that the risks of missing the boat are far greater than the downside risk at this time.

Mahalo Nui Loa,

Ken Smith R (S)

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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.