Will we see a buyer’s market in 2021?
Many elements went into creating our current strong seller’s market, but things could shift towards buyers in the future. This year, high buyer demand coupled with low inventory elevated home prices and continues to cause stiff competition when new listings hit the market. Overall, new home […]
What is Up with the Crazy Lumber Prices?
If you are in the market for any type of wood—from plywood or sheeting to standard 2x4s, be prepared for a massive sticker shock. U.S. lumber futures contracts for May 2021 delivery were priced at $1,645 per 1,000 board feet, about 60% higher than they […]
A Year In- Our COVID Housing Market
Real Estate Market Report March 2020 vs March 2021
It is interesting to compare today’s market with where we were a year ago. Would we have predicted this activity in a pandemic? Maui sales activity is up in March 2021. Home sales are up 46% and condo sales up 43% from last year.
The median sales […]
Is Now a Good Time to Buy an Investment Property on Maui?
Most investors know the basic premise for success: “Buy Low and Sell High.” Seems simple, but in practice it is not. In real estate, we really don’t know the best time to buy until years past the purchase, when see if purchase prices have gone up […]
Maui Home Prices Still on the Rise
While still wrapped up in a pandemic, the median price of a single-family home on Maui jumped by 20% last month, compared to February 2020, as sales grew by 22%. The number of condominiums sold also rose 24% as the median price held, […]
Where Are Mortgage Interest Rates Headed in 2021?
6 Actionable Steps to Sell Your Maui Condo Fast
If you have been following our real estate market reports, you know closed condo sales lagged behind residential sales in 2020 on Maui. However, in December statistics we saw that start to turn around. Whether you want to take advantage of a robust market, or have […]