Maui real estate sales

MAUI REAL ESTATE MARKET!

What is happening in the Maui real estate market? I do believe we are different from a lot of the mainland market problems. Maui has always been a destination for people looking for sun and great beaches. It is close to many U.S. cities and a pretty safe place compared to reports of violence in Mexico. With the dollar losing value Maui like other U.S. Markets has become a great value for foreign buyer’s. Residential sales on Maui has seen a decrease in home values and slower sales. This is not true for condos sales in the resort areas. On Maui real estate market, prices are actually up 3% for the first quarter and the number of sales up a bit.
So if you are looking to sell there still are a few things to keep it mind. Price as aggressively as you can to the most recent sales. In a slower area maybe price a little lower than the last sale. If it is in an area that is still doing well again keep your pricing close to current sales. Another important key is staging and making sure that the home or condo is clean and presentable. What I have notice with new homes sales are that they are offering incentives for the buyers and also higher commissions for the agents. This gets everyone motivated. So with a challenging market you have to think out side the box. It just takes a little creativity and being realistic with what is happening in your local market.


Steven C. Nickens R(S) GRI, ABR
The Wailea Group LLC.
3750 Wailea Alanui, suite 5WE
Wailea, Maui, Hi 96753
www.nickensmaui.com
Email: nickens@maui.net
Cell: 808-280-2208