Real Estate Maui Hawaii Blog

Mark and Lisa bring you the latest on the Hawaii real estate market, events, fundraising benefits, news, sports, new island developments, tips to help you buy or sell a home and more. Subscribe to receive updates on our weekly blog today!

April Nationwide Home Sale Spike

Tax credit rush and improving market conditions.
May 28, 2010

nationwide spike in home sales

April Nationwide Home Sale Spike

By Mark Harbison

April sales of previously-owned homes in the US jumped by 7.6 percent to a five-month high at 5.77 million, according to the National Association of Realtors (NAR).

While it is acknowledged that the expiration of the home buyer's tax credit at the end of April caused a last minute rush in sales, there are other factors supporting the market. It's safe to expect some temporary fallback for the next couple of months thanks to the lack of the tax credit, but NAR's chief economist, Lawrence Yun is still optimistic, and feels that the overall trend in the market is turning positive outside of the tax credit's influence.

Yun lists factors such as stabilizing home prices, an improving economy, mortgage rates at a historic low, and a resurgence of buyer confidence. These factors are not affected by the tax credit, so the future is looking up.

The average cost of a US home was $173,100 in April which was four percent higher than April last year. Distressed homes made up a full 33 percent of sales, but that figure dropped two percent since March.

The Realtor's Association of Maui has recently reported much higher numbers in Maui real estate sales, including nearly four times the condo sales and over 70% more home sales this April than in April 2009. Obviously, the Maui market in April improved far more than the national average.


If you're on the hunt for Maui real estate, we recommend a look at new Maui property listings as well as our Maui real estate listings. Wailea golf vistas also include some great buys. If you have any questions or need assistance, you can find our contact information at the bottom of the page. Mahalo for reading this week!

Blogs for May 2010

April Nationwide Home Sale Spike

Posted on May 28, 2010
April Nationwide Home Sale Spike

By Mark Harbison

April sales of previously-owned homes in the US jumped by 7.6 percent to a five-month high at 5.77 million, according to the National Association of Realtors (NAR).

While it is acknowledged that the expiration of the home buyer's tax credit at the end of April… Continue Reading

Luxurious Wailea Home For Sale

Posted on May 21, 2010
Luxurious Wailea Home For Sale

By Mark Harbison

If you're in the market for a wonderful Maui home on the South Shore, you might like this exceptional three bed, two and a half bath.

Located in tranquil Wailea near some of Maui's most beautiful beaches and resort communities, this single-story home has it… Continue Reading

Maui Hotels Turn Profit

Posted on May 14, 2010
Maui Hotels Turn Profit

By Mark Harbison

According to new information from the Honolulu-based Hospitality Advisors, Hawaii hotels made a profit for the first time in two years in March. Low occupancy has created a number of challenges in various industries affected by tourism, and it should be especially rewarding to see… Continue Reading

Presentation on Living History of the South Maui Region

Posted on May 07, 2010
Presentation on Living History of the South Maui Region

By Mark Harbison

South Maui Sustainability will present the "Living History of the South Maui Region" on May 21st at Kalama Heights Retirement Center. This will be a celebration of South Maui Sustainability's second year working to develop sustainable living practices in the… Continue Reading

Archives
Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
Shops at Wailea, Suite B-35
3750 Wailea Alanui * Kihei, HI 96753
Meyer Computer, Inc.
Web Services provided by Meyer Computer, Inc.
Web Hosting & Design