Summer has arrived and with it comes a changing of the seasons. Change is rarely easy but is always necessary for all of us in order to make progress in this crazy little thing we call life. Hopefully, the change you’ve been seeking has you thinking about investing in your next piece of real estate on Maui. Maui is a great place to invest in whether you’re looking into purchasing a potential vacation rental investment property in Hawaii or a residential home that would be ideal to raise a family. That being said, the prices of homes are not getting any cheaper on the island and as the economy continues to improve and real estate market continues to tighten, it’s never been a better time to buy than now.
According to statistics from the Realtors Association of Maui, competition is getting thick. The latest findings for May show that compared to the market in 2017 during the month of May, mortgage rates are poised to rise and the overall demand remains strong. The latest finding for May that came out in June shows that listings are down but demand is still high. According to the report, new listings have decreased by almost 18 percent for single-family homes and 2.5 percent for condominium homes during the same time last year. Pending sales for homes on Maui during the same time have also decreased slightly, decreasing by almost 3 percent for single and condominium homes. Surprisingly enough, however, inventory showed a high decrease by almost 20 percent of single-family homes.
According to the report, prices have dropped slightly also for the median price of single-family homes in comparison to the same time last year but have remained steady for condominium homes. For sellers, the report shows that the number of days on the market has increased to around 16 percent for single-family homes and increased a little over 3 percent for condominium homes. While that statistic may sound disconcerting, the reason may be related to the drop in supply in inventory for single-family homes which has fallen by 22 percent. According to the experts, sales should be sustainable this summer so prices are expected to remain steady where they are.
We hope you consider purchasing your next piece of paradise here on the Valley Isle. Maui has so many amazing opportunities for home buyers to explore. If you’re interested in seeing what’s currently available on the market then please take a moment to check out our latest featured property listings for sale. We hope to hear from you soon and please contact us if you have any questions at all. Aloha.
Watch out Maui because this summer and fall is going to be a fun packed few months with plenty of outdoor adventure to enjoy. Whether you are looking forward to getting into your bikini and hitting the beach or have been counting down the days for when you can take a trip along the Road to Hana, you probably can’t wait to get to know your new home. If you love this island as much as we do and are looking for an event that you don’t want to miss then we suggest you get prepared to watch or maybe even participate in the annual Pailolo Challenge that is scheduled to kick off on September 15!
For those of you who aren’t familiar with the annual Pailolo Challenge, this is quite the watersport to witness. The Pailolo Challenge is a 26-mile race from DT Fleming Beach in West Maui to Kaunakakai, Molokai. Paddlers from all around Hawaii, the mainland Canada, Australia and elsewhere join in on this spectacular sporting event to race across this intense and wild channel of open ocean to test their will, strength, and teamwork.
The Hawaiian Canoe Club organizes and staffs this prestigious event each year. The local club has a mission to perpetuate and preserve the art of Hawaiian canoe paddling by providing an environment that is set in traditional Hawaiian values and one that promotes personal growth, character development, and achievement in physical fitness.
If you’re interested in learning more about the Pailolo Challenge, visit their website to find pictures of past races, information and more! You can also watch the race live on September 15th from the comfort of your home computer. Enjoy!
So if you’re going to be in town during the Pailolo Challenge and are also in the market for some real estate on Maui, then look no further! We specialize in South Maui property for sale but have a wide-range of MLS listings to choose from island-wide. Whether you’re looking forward to investing in land to build on, a residential home or a condo, we have plenty of options to choose from. Please take a moment to explore our property listings and let us know if we can help you into your next home on Maui.
If you have any questions, you may contact one of us. Learn more about our background under the about us section on our website. We hope you found this information helpful and will consider contacting Mark & Lisa as your go-to in all things real estate on the island and take time to watch the Pailolo Challenge.
Are you a carnivore at heart? Does your mouth water at the idea of sinking your teeth into a delicious, thick steak coupled with some tasty mash potatoes and a few grilled vegetables? If you are someone who can’t help but dream about your next foodie excursion and if you have been counting down the days until you can indulge in your next 12 oz., then let us help you choose just which restaurant in Maui to go to satisfy your cravings.
Here are our top 5 best steakhouses in Maui:
We hope you enjoyed learning about some of the top restaurants in Maui for a delicious steak. After dinner, why not give us a call and talk story about what the real estate market looks like on the island. We have an extensive selection of real estate properties to explore and can help you during your next housing hunt. Whether you’re checking out potential vacation rental investment property in Maui or are looking for a Hawaii home for sale to call your own, we can help you along the way. Contact us today and let’s get you started on your next adventure.
Summer has arrived and with it comes a changing of the seasons. Change is rarely easy but is always necessary for all of us in order to make progress in this crazy little thing we call life. Hopefully, the change you’ve been seeking has you thinking about investing… Continue Reading
Watch out Maui because this summer and fall is going to be a fun packed few months with plenty of outdoor adventure to enjoy. Whether you are looking forward to getting into your bikini and hitting the beach or have been counting down the days for when you… Continue Reading