Maui’s real estate market saw a relatively significant boost in December… compared to the December before. More than twice as many homes and condos sold on Maui this past December as did in December of 2008. And, since Maui is the largest “neighbor” island market, the numbers aren’t quite as simplistic as the same stats might be on other islands. (The Island of Lanai, for example, had only one sale in December. So, if two sell next December, that will a 100% increase!). Ninety single family homes and 89 condos sold in all of Maui County this past December, compared to 55 homes and 38 condos in December of 2008.
Of course, Maui’s real estate market isn’t the only thing that’s changing on the Valley Isle. Maui Land & Pineapple announced in November that it was getting out of the pineapple business, and though some jobs were lost, many of their former employees were hired by the company who has taken over the pineapple operation and assets, Haliimaile Pineapple.
And, a longtime Maui icon, the Hotel Hana Maui, is apparently being purchased by a mainland firm.
Of course, there’s more… Hawaii Life is currently in negotiations for an office space on Maui, and we’re organizing a team of Realtors who are among the most successful and influential professionals on Maui, and in Hawaii. We’re thrilled, and we’ll keep you posted. Change is definitely in the air for Maui real estate.
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