Looking to purchase real estate in Maui? As buyers search Maui homes for sale on our website, our own research has shown us that they are mostly interested in purchasing residential homes and condominiums located in South Maui. Kihei being the most popular search, it has many beautiful beaches and lots of entertainment and dining options. Buyers were also interested in residential homes located in Wailea and Makena with an impressive array of luxury homes, beach front properties, five-star resorts and fine dining, making this an ideal location to live in South Maui.
Top Real Estate Searches in South Maui:
According to the Realtors Association of Maui, Inc., the statistics indicate that residential sales this month have held the same while condominium sales have declined. The average days on market for residential homes are approximately 105 days, while condominiums are at 113 days on market. Year to date, the residential unit sales have increased while condo unit sales have decreased. In the last 12 months there have been a total of 971 units sold, of these, 12% have been REO/ Foreclosures and Short Sales. 40% of these sales have been cash sales which gives these buyers a strong negotiating hand. With cash there is no financing needed, no appraisals to deal with and usually a quick closing, which benefits both the buyer and seller.
Make sure to do your research and find an agent who is knowledgeable and understands the market. If you're planning on financing your new home, start by connecting with a mortgage lender who can help you find the right type of financing. There are mortgage programs for buyers looking for a first-time home, second home, investment property and more. Research the areas you wish to purchase in and let your real estate agent help you find your new home.
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Looking to purchase real estate in Maui? As buyers search Maui homes for sale on our website, our own research has shown us that they are mostly interested in purchasing residential homes and condominiums located in South Maui. Kihei being the most popular search, it has many beautiful beaches and… Continue Reading