We recently received the latest real estate statistics from the Realtors Association of Maui
The following is a summary of the activity during all of 2007.
Residential Homes are showing gains (unit sales = 1,138 [+5%] and dollar volume $1,047,878,879 [+4%]) compared to 2006 Year-end.
Condos are off the 2006 mark on Unit Sales and Total Dollar Volume, however the Average and Median Prices have risen 4 and 6 percent respectively.
Land Sales still trail behind 2006 in all categories, Unit Sales, Avg. and Median Prices and Total Dollar Volume.
 IN A NUT SHELL…… It’s a good time to buy….. and hold
1. Despite some sad markets on the Mainland, folks still want to buy Maui.
2. Inventory of Condos, Homes and Land Lots has grown somewhat, and relatively low interest rates provide plenty of options for Buyers.
3. Buyers should get Pre-Approved so they can shop in confidence (no last minute disappointments due to non-funding loans).
4. Some “short-sales” are appearing on the marketplace.
5. Many Sellers resist the realities of the softened market and may be left behind as sales continue.
6. Realistic Sellers can beat competing properties with better property condition, careful pricing, good marketing, and flexible terms. **

**FOR DETAILED STATISTICS go to “Maui Info” at www.MauiRealEstate.NET