January Maui Real Estate Market!

January Maui Real Estate Market!.

Last month December was pretty quiet till we hit Christmas Season on Maui. December is usually a slow month but we were still off 25%. We are now into our winter season. Maui real estate is of key interest, especially to our Canadian buyers. I have been talking to owners in Wailea, that for various reasons are making a lifestyle change and downsizing their homes. At the same time buyers know that there is a lot of inventory, which means it's a great time to buy. Talking with lenders some of our local banks like First Hawaiian Bank and Bank of Hawaii are actually really in good shape. The interest rates are at an all time low. So I do think the New Year may not be a record year for real estate sales. We will see a steady flow of business this year.

Steven C. Nickens R (S) GRI ABR

The Wailea Group LLC.

3750 Wailea Alanui, suite 5WE

Wailea, Maui, Hawaii 96753

The Shops at Wailea

www.nickensmaui.com

Email: nickens@maui.net