Aloha,

Happy Spring 2014.

It's been a lush and rainy winter, flowers are blooming, fruit dropping from the trees, and the magnificent Humpbacks are getting ready for their return North.

I wanted to share what's happening in our Maui Real Estate market. We are in a new year and well into our upward cycle. Likely we will see a continued rise in the market for the next 3-4 years.

Changes from 12/2012 to 12/2013 Maui Single Family, Condo Annual Sales and Price

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Island wide for Single Family Homes there was 4% increase in the number of sales, and a 13% increase in the median price. For Condos a 6% increase in sales and 5% increase in prices.

But the story is in the detail of area by area,and in the inventory of particular areas.

Our inventory has been low, however, I do see a small increase in the last couple of months. Sellers are encouraged by the up swing. Even though prices are increasing,

First Time Home Buyers may still be able to find a home in their range.

I recently closed a wonderful smaller home on a great lot for some very sweet Maui folks, this is what they said, "Working with Cherie was an absolute blessing. She was very much on top of things, honest, and hard working. Always available to answer questions, any day of the week, any time of the day. She is number 1 in my book. "

Mahalo it was such a pleasure, start to finish!

If you are thinking of retirement, first or second home,let's work together to the finish line of the sale, and the start of your new future.

Aloha for now,

Cherie

Maui Real Estate Year in Review

Aloha,

Many folks like to talk, and dream about living in paradise..Keeping the dream alive, I wanted to share some information to give a snapshot of our Maui Real Estate market now, and what has changed in the last year. Maui real estate turned in 2010 in terms of sales, and finally turned in 2012 in terms of sales price.

Condo sales are up 3% with median price gain of 16%, sales of Single Family Homesare up 4% with a median price gain of 9% and vacant land sales are up 29% with median prices up 13%.

I just recently closed on large acreage in Upcountry Kula, a magnificent spot high up on the mountain with breath taking views Large land parcels are limited and attracting buyers now.

The bottom of the market is behind us. But the curve of the increase is slow and gradual, and national predictions are suggesting a 4%-6% gain this year. That is a reasonable pace and Maui seems to be matching it.

The current market picture is a reflection of the low inventory that we continue to experience. Real estate inventory is down almost 50% in Single Family Homes and 40% in condos as compared to 3-5 years ago. With fewer homes or condos on the market, prices are driven up and sales are down because buyers are competing on well priced property .

Wish you could live on Maui? Ready to downsize? Your dream may be closer than you think . It continues to be a great time to purchase a home with historically low interest rates. With limited inventory below $1million , it’s an excellent time to list a home and sell in an environment with little competition. If you'd like more information, please contact me.

With Aloha,

Cherie