Has the Maui Real Estate Market Hit Bottom?

Have we hit bottom yet? That is one of the most frequently asked questions we get.

For the answer to this question, one should look at the statistics and see how they compare to past cycles. When you do that, we believe the data suggests signs that this current phase has indeed bottomed out.

For those of you have the time and interest, we highly recommend you listen to the Video presentations on the State of Real Estate 2010 by an esteemed panel of experts. Once you have done that, we would appreciate your feedback, and the conclusions you came to.

We don’t expect to see a quick recovery on Maui due to the large number of foreclosures that are still in the pipeline, but at least the light and the end of the tunnel has gotten much brighter.

Have a wonderful week!

Mahalo Nui Loa,

The Smith Team

P.S. New Website Feature – We are very excited to announce that you can now pull up Comparable Sales information on our website. Once you do a search based on the criteria you selected, click on any one of the properties that came up and hit View Details. You will then see links in the Property Information Section (Just Above Remarks) as well as above the photos. The comps shown will be to all sales within the last 6 months reported in our MLS. Also, after being down for awhile, we again have the information from the Public Tax Records for all properties on our website. Click here for a sample. .