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!

Pending Real Estate Sales Up in January

January's pending sales were the highest since August of 2013.
March 06, 2015

Pending Real Estate Sales Up in January

Hawaii Real EstateToward the end of February, the National Association of Realtors (NAR) released data indicating that pending home sales jumped significantly in January. Sales were low, but contract signings were high. In fact, pending home sales were at their highest since August of 2013. 

NAR's Pending Home Sales Index is calculated based on contract signings. It rose to 104.2 in January from 102.5 the month before. The index was at 96.1 in January of 2014, so we're looking at an excellent year-over-year improvement that bodes well for national real estate and Hawaii real estate alike. It's also a good sign for the economy as a whole.

According to NAR's Chief Economist, Lawrence Yun, inventory levels have remained comparable throughout this increase in contract activity. He cites improving credit conditions, more jobs and slower price growth as the main factors behind this growth. Again, this is a national report. The inventory levels that he mentioned are based on a national average, while Hawaii real estate inventory is more limited.

That being said, Yun also described national inventory levels as low, and believes that spring sales will be influenced by any rise in prices that we might see as a result. As for navigating the current real estate market on Maui, we would be happy to provide you with our expert assistance. You'll find our contact information at the bottom of the page. Mahalo!

Blogs for March 2015

Maui to Host Startup Weekend in Kihei

Posted on March 27, 2015
Maui to Host Startup Weekend in Kihei

The push to establish Kihei as a tech hub continues with Startup Weekend Maui officially scheduled for May 15-17. These developments are worth keeping an eye on, especially when it comes to buying real estate. Tech jobs generate strong revenue, overall, and stimulate the… Continue Reading

Federal Funds Allocated for Maui County Schools

Posted on March 20, 2015
Federal Funds Allocated for Maui County Schools

Education is an important factor in any family's decision to move to a new place, especially when that place is as isolated as our island. Buying Maui real estate is generally a long-term decision. Knowing that your kids' new schools are performing well and… Continue Reading

Book Trust Fundraiser in Wailea

Posted on March 13, 2015
Book Trust Fundraiser in Wailea

One of the perks to buying South Maui real estate is that interesting events are at your fingertips all year round. For example, the 3rd Annual Book Trust Extravaganza is coming up on March 14th. This year's theme is Casino Royale. All the proceeds from this… Continue Reading

Pending Real Estate Sales Up in January

Posted on March 06, 2015
Pending Real Estate Sales Up in January

Toward the end of February, the National Association of Realtors (NAR) released data indicating that pending home sales jumped significantly in January. Sales were low, but contract signings were high. In fact, pending home sales were at their highest since August of 2013. 

NAR's Pending… 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