The fall months is normally a transition period where sales fall off, but this year we are running well ahead of last year. In fact, there were as many new escrows for the first half of October 2009 as there were for the full month in 2008. Given the recent strength of the Canadian dollar vs. the U.S. dollar, we expect to see this giving added impetus to the recent increase in sales. When the snow starts flying, things are going to really heat up on Maui.
Prices will not increase dramatically right away, but we do expect to see a general firming up in prices.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team
P.S. Only one home left at Hokulani Golf Villas with a $200K seller credit.