Maui Real Estate Market Update for 2013

LIVING THE DREAM…ONE DAY AT A TIME

As we enter the new year, I wanted take some time to reflect on what’s happened in the Maui Real Estate market in 2013.  We all have so much to be grateful here on Maui.  Everyday I wake up and look at Haleakala and see the unparalleled beauty that Maui offers, I fell truly blessed.  It’s been an amazing year :)

Numbers Are Deceiving

The Maui Real Estate market is on a positive growth trend, and the feeling across the island is that we’re in for a bountiful year in 2014. Relative to other parts of the island, I can tell you that the Wailea Real Estate and Makena Real Estate markets are leading the pack and moving full steam ahead.  It’s an exciting time for our local economy.

160 Kaimanu Place, Maui Meadows, listed exclusively by Lucas Woodford and the Dano Sayles Team

Looking at the November statistics courtesy of the Realtors Association of Maui: Residential sales declined to 74 homes sold while Condominium sales declined slightly to 96 units sold. The Residential home median price declined slightly to $522,500 while the Condo median price was $350,000.

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Villa 12-3, Ho’olei, just listed by the Dano Sayles Team

Looking at the numbers in retrospect, year-to-date home prices rose significantly, and are expected to continue to grow. From a Maui seller’s perspective, there have been increased showings and multiple attractive offers on “well priced” properties. The way the market is shaping up, hesitant buyers will surely become onlookers as the deals will continue to fly off the shelves. Windows of opportunity for first time home buyers can be relatively limited due to increased demand, so its crucial that buyers are be pre-approved before making offers in this market.

168 Ahekolo Place, Kilohana Ridge, listed exclusively by the Dano Sayles Team.

Mortgage Interest Rates are rising which may help Buyers who are “on the fence” to go ahead and buy if they can qualify. Savvy real estate investors are buying with cash to alleviate certain variables. While general U.S. economic news looks quietly hopeful, current World and US events will have ripple effects on cost of living, consumer confidence, Financial and Real Estate Markets.
However, Hawaii’s economy is continuing to grow. With Hawaii’s busiest tourist season about to hit full swing, we can expect more visitors flocking to the isles.

Contact a Maui Lifestyle Resource

Wailea, Maui

Whether you’re relocating to Maui, buying your first home, investing in real estate, or upgrading your overall well being, you could not find a better lifestyle than the one Maui offers. This island is more than just a beautiful destination, it’s home to incredible people, incredible athletes, and some of the world’s most renowned real estate. People come for the sun, but stay for the lifestyle. For more current information on Maui Real Estate, please contact to set up an appointment.

Mahalo,

Anthony Sayles R(S)
808-280-6532
Anthony@DanoSayles.com