Well there certainly is a lot going on in the national housing market and economy

On the plus side

-Stock market at all-time highs

-Second quarter GDP will be strong

-Interest rates remain historically low

-Unemployment remains low

On the minus side

-For sale inventory is at an all-time high

-Continuing declines in unit sales

-Availability of mortgage financing has declined

-Jittery credit markets

-GDP will likely slow in the second half of the year

-Rising oil prices

The best news is, of course, Maui remains Maui.

What this means on Maui are sluggish unit sales, longer marketing periods, a bifurcation between trophy properties and everything else and only the best priced properties in each class (other than trophies) is getting any attention. So what is a Maui owner who is considering selling to do?

1. Get the best possible information on what has sold;

2. Price your property based upon what has sold, not what has listed;

3.Price it so it is among the best three values in the property class, anticipate price reductions around you;

4. Make it spotless, buyers want easy;

5. Make it available to show, if it can't be shown it can't be sold.

For details on how to implement The Leading Edge, contact us!