Inventory is down and the prices are up on Maui and across the rest of the states. How is it going to react this winter as we approach the high season and the buyers and sellers are active in the marketplace? It’s been a very busy summer, and the only signs of slowing is limited inventory. The buyers are still here, and the great properties are still being scooped up almost overnight.
Sales are Way Up
Residential units sold are up 7% with the dollar volume being up that same amount… The condo sector is impressively up a whopping 25% over last year with the dollar volume being up 34%. Figures like these are indicators on healthy activity in a luxury marketplace. Great homes and condos, both large and small, are still scooped up rather quickly. Owning a short-term rental has some substantial tax benefits with the recent 2018 investment changes.
Inventory is Low
New listings inventory is down in both the homes and the condominium categories. While we anticipate the typical winter surge, more homes will come on the market to accommodate the secondary market purchasers “waiting in the wings.”
Want to Know More?
If you’re considering making a move this winter, let’s talk about your goals and how I can help you meet them. If you’re considering selling your Maui home, I encourage you to get it listed in soon and stay ahead of the curve. Contact me for a no pressure pricing analysis.
Life is short, come live at the beach.