Aloha & Good Morning!
Today Maui will be sunny with highs in the upper 80’s!
Has the Maui real estate market normalized? According to the Realtor’s Association of Maui (RAM) that is exactly what has happened. Over the first half of the year we have seen prices rise for single family homes, condos and vacant land. We have also seen a slight decline in the number of units sold. RAM also reported that inventory was on the rise and that should help those looking for a property with more choices. There has been a slight increase in mortgage rates so those who have been sitting “on-the-fence” should make that decision to move forward while rates are under the 52-week high.
As I have done in previous months, you will see two sets of numbers below. The first set shows you how many units sold in each of the three categories: residential sales, condo sales and vacant land sales. The second set of numbers shows you the median price for each category. Each set of data compare the numbers for sales made from January through June and we look at 2014 vs. 2013.
REPORT: June RAM Report – See the full Realtors Association of Maui report for June 2014
If you have any thought of buying a Maui vacation property or any other Maui county property this year then I highly suggest you start shopping now. Real Estate Sales Maui makes this part fun and easy with our free mobile app. You can download it today and start looking for your Maui dream address on your table or smart phone.
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