The median home price in Maui exceeded $700,000 in 2018 for a single-family home (The Maui News).
So, why is this good for you? Well if you are currently a homeowner this means that you may be able to sell for top dollar or get your home refinanced at a better rate today. This is huge for homeowners!
However, at this moment you may be saying to yourself but I am not a homeowner in Maui. Well here is the upside: in this market housing is a hot commodity; you may be able to pay for your new dream oceanfront home on rental income alone.
Not to mention that mortgage rates are extremely affordable right now. There are a million reasons to buy in Maui, read my blog Maui or Bust! to hear more. So if you want that dream house, are looking to move, or have toyed with the thought of buying another home in Maui don’t second guess your decision. The market for Maui homes is hot, and it’s good news for everyone.