Maui Real Estate for Sale - Maui Listings
Katrina's Featured Maui Properties
Wailea Maui Real Estate
Ocean View Kihei Home For Sale
Sweeping ocean views and magnificient sunsets abound from the living room, dining room, master bedroom as well as the two separate lanais that grace the front of this custom built 2-story Kilohana Ridge home. Very close to Wailea's reknowned resort and gold-sand beaches. List Price: $1,399,999
Upcountry Maui - Kula Featured Listing
Upcountry Maui Land Sale - Panoramic Views!
Incredible panoramic views from this 4 acre parcel located on the much desired Crater Rd. Excellent pasture lands, spectacular sunsets and a great price make this listing a true find. Listing price: $385,000
Kihei Maui Real Estate
Kihei Beachfront Condo for Sale
This light, bright, airy, fully furnished 1 bedroom beachfront unit is just steps away from ocean and miles of white sand beach. Amenities include gated swimming pool, BBQ area and huge, beautifully manicured green belt area. Listing price: $324,000
The Maui Real Estate Market - Historic Perspective
Unlike the Mainland, where stories of falling prices and sluggish sales continue to blanket the news, the Maui Real Estate Market remains, overall, quite active. Maui has seen its share of real estate ups and downs over the years but through it all the real estate values have continued to rise and, with the nearing retirement of the baby-boomers, appears to be set for long-standing healthy growth.
Up until the early 1970's, Maui's real estate market catered to local Maui residents, many of whom worked for the sugar and pineapple companies. Waikiki was the dominate Hawaii travel destination and it was not until AMFAC developed Kaanapali Resort that Maui became a desirable place to purchase real estate. Development in the 1970's concentrated on the condo market with resorts developed on the west and south sides of the island.
By the late 1980's the Japanese, with their flush economy, found the climate and the relatively low real estate prices irresistible. They drove the Maui real estate market to new heights and began to buy up shoreline property to build luxury homes along the west and southern coastlines. Wailea Resort on the south shore with its luxury hotels and condo villas and Kapalua Resort on the west side with its exclusive villas, homes and hotels came to full bloom during this time.
When the Japanese economy began to falter in the mid 1990's, Maui, along with all of Hawaii, entered a real estate bust period. As California slid into its recession, Maui real estate values continued to drop. Needless to say, this was a fabulous time to buy real estate on Maui, as it was a true Buyers' Market.
The California tech boom of the late 1990's caught Maui by surprise as hordes of newly rich baby boomers cashed in their stocks and started buying up real estate in Paradise. Bidding wars were common and houses, condos and land sold so fast that prices skyrocketed almost overnight. Even though the California tech boom was brief, lasting only a couple of years, there were still masses of baby boomers wanting to make living in Paradise part of their retirement dream. Prices continued to climb and were often characterized as "unreal" during this period, reaching their highest point in 2005.
Over these years, from the 1970's to the beginning of 2006, the median sales price of a single-family home on Maui appreciated tremendously, rising from $100,000 in the 1970's to over $600,000 by 2006. This is a 600 percent increase. Nearly half of that increase took place in a six year period, between 2000 and the beginning of 2006.
Since that time the market has gone through what many refer to as "corrections" with prices slipping and units remaining longer on the market. It was unclear at first exactly how strong the correction would be and the direction the market would take, yet, while the market has cooled, the consistent sales and purchases of real estate on Maui up to the present are strong indicators that the market is overall healthy. As Terry Tolman, the chief staff executive at Realtors Association of Maui puts it,"In a nutshell, the market overall looks steady with minor variations. The good-sized inventory and low interest rates provide plenty of options for buyers. Sales continue as sellers and buyers find common ground in a healthy market."
Some of this boost is coming from the Canadian buyers who are currently getting much more for their dollars. Their investment in Maui has increased about 50% in the last five years. Europeans have also seen a strong increase of the Euro against the dollar and are also contributing to the continued strength of the Maui market.
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New Listings
Maui Real Estate House Listings
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Maui Time Interval Listing
The Maui Real Estate New Listings section features Katrina's Hot Picks along with the latest trends in the Maui real estate market market. See new listings ...
Learn about the Maui Time Interval Market and the latest TI trends. Katrina's top choices for Time Intervals are also included. See more...
Find out more about the current Maui residential real estate market, view Katrina's Hot Home Picks and search the MLS for homes. Click to continue ...
Featured here are the latest trends in Maui Condo sales, Katrina's featured Condo Hot Picks and quick link search to the MLS for condos. See Maui Condos...
Katrina outlines the latest trends for the Maui land market and gives her current Hot Land Picks. A quick link to search the MLS is also provided. Exlpore the Maui Land Listings...
Katrina Pitman Real Estate
P.O. Box 1733, Makawao, Maui, HI 96768
Phone: (808) 298-6938
Email: Katrina@KatrinaPitmanRealEstate.com
Credits: Photo of Bay in Hana, Maui by Ralph Ward of Ralph Ward Photography: rsw108@gmail.com
© 2007 Katrina Pitman Consulting Services