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The February 2012 Sales Statistics from the Realtors Association of Maui tell a big story. Of particular note is that the absorption rate for homes has dropped to 9.8 months. Inventory levels have dropped 14-22% from a year ago, depending on the market sector and there are currently 567 properties in escrow/pending sale.
Click here for the full report: http://www.ramaui.com/UserFiles/File/Stats/All-Feb2012.pdf.
If you or someone you know is thinking of buying or selling property on Maui or to discuss the current market please email or call us at (808)280-2764 anytime.
Maui County Council’s Planning Committee voted 6-1 Monday to recommend passage of a short term rental bill. This has been an ongoing topic here on Maui with many strong opinions. For more information please click on the link to an informative article in today’s edition of the Maui News:
http://www.mauinews.com/page/content.detail/id/558569/Panel-advances–fair–short-term-rental-bill.html?nav=10
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