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Maui County Foreclosures Plunge Year Over Year

According to RealtyTrac, Maui County foreclosures have fallen 47 percent.
July 20, 2012

Maui County Foreclosures Plunge Year Over Year

Maui Real Estate Market

By Mark Harbison

If you read the news, you've probably heard all the encouraging reports on the Hawaii visitor industry's slow and steady growth. If you haven't heard the latest on the real estate market, there are improvements there too. Hawaii foreclosures have plunged by nearly half in the first six months of this year, compared to the same period in 2011.

According to RealtyTrac, Maui foreclosures dropped by no less than 47 percent in the first half of the year compared to the first six months of 2011. One in every 220 housing units received a foreclosure filing in Maui County.

Throughout the state, there were 2,357 properties in some stage of the foreclosure process, including notice of default, public auction notice, or bank-owned property from January to June. That put Hawaii at number 26 among the states. Throughout the nation, there were one in 126 housing units with foreclosure filings.

A 47 percent drop is very good news for the Maui real estate market. Prices and sales were up in June for Maui homes and condos as well. Hopefully the market will continue to march in the right direction. With the visitor industry gaining strength, continued recovery looks likely, although it will probably continue to be a slow process. It helps to know that slow and steady growth is more reliable than quick and possibly volatile economic changes.

If you're interested in buying a home or condo on Maui, you'll find our contact information at the bottom of the page. We'd be happy to assist you! Mahalo!

Blogs for July 2012

Hawaii Pacific Export Council Training on Maui

Posted on July 27, 2012
Hawaii Pacific Export Council Training on Maui

By Mark Harbison

The Hawaii Pacific Export Council (DEC), held its Export University training program at the University of Hawaii Maui College this week, to help connect local companies with international buyers. Last year's training session generated export sales in the amount of $699,610 via… Continue Reading

Maui County Foreclosures Plunge Year Over Year

Posted on July 20, 2012
Maui County Foreclosures Plunge Year Over Year

By Mark Harbison

If you read the news, you've probably heard all the encouraging reports on the Hawaii visitor industry's slow and steady growth. If you haven't heard the latest on the real estate market, there are improvements there too. Hawaii foreclosures have plunged by… Continue Reading

Stand Up Comedy Night in South Maui

Posted on July 13, 2012
Stand Up Comedy Night in South Maui

By Mark Harbison

Looking for a diversion for a Saturday night? If you happen to live here, the great thing about venturing out of your South Maui home is that there's always plenty of interesting entertainment around the corner. If you haven't made the move… Continue Reading

Maui County Offers Grants to First-Time Home Buyers

Posted on July 06, 2012
Maui County Offers Grants to First-Time Home Buyers

By Mark Harbison

Are you considering a home purchase, but you've never bought one before? It's a big change, and there's so much to consider, but for most new home buyers, the first concerns are financial. It can be challenging, trying to figure out… Continue Reading

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Mark and Lisa

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

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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