June 28th, 2009
The distress in the jumbo mortgage world has clearly had a negative impact on Maui real estate. In Wailea in the first six months only 1/3 of all sales were financed with conventional mortgages. That is only half that of 2008. But help may be on the way.
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June 28th, 2009
As the attached chart shows, national for sale inventory has stabilized over the past several months. This is good news for property owners and may be signalling a bottom to prospective buyers. How does this affect Maui real estate? Directly not much. But changing mainland mindsets is the first step to increasing demand on Maui.
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June 28th, 2009
And that includes Maui. We would expect that sales activity increases are necessary to see price stabalization. So this is good news for Maui real estate.
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