According to the Realtors Association of Maui (RAM), the numbers of single-family homes and condominiums available for sale are the lowest they have been for the last five years. Association President P. Denise La Costa, “There are multiple offers on properties. The buyers understand the steals are gone. There aren’t any steals.” Right now the […]
Tag Archives: bank owned property
Inventory is shrinking for Kihei REO properties
Right now there are 6 pending REO home sales in Kihei and only 1 active listing. If you’ve been looking for a deal for a Kihei home you might be asking where did all the REO listings go? We monitor the South Maui real estate market very carefully and noted a significant milestone for bank […]
Kihei oceanfront home on Halama Street sells for over $3 Million
Here’s a quick update with the latest news in the market for oceanfront property in Kihei, South Maui. The South Maui real estate market has been busy and there has been a lot of activity for Kihei Bank owned homes. We just sold an REO property on Halama Street that is actually an oceanfront home […]
Maui Bank owned home and condo sales up 55% in 2011
The number of sales for Bank owned homes and condos on Maui (commonly known as REO Property) has increased by more than 55%. For the first 6 months of 2011 Maui had 129 REO home sales and 142 REO condo sales which is a sharp increase from the first half of 2010. The charts below […]