The number of homes listed for sale in many U.S. cities continued to fall in April in what some analysts see as a sign that the market may be nearing a bottom...The supply of homes for sale in 29 major metropolitan areas at the end of April was down 3.6% from a month earlier, according to figures compiled by ZipRealty Inc., a real-estate brokerage firm based in Emeryville, Calif.
This is excellent news although the period being examined is relatively short.
In some of the markets most affecting Maui real estate Bakersfield inventory was down 14%, Orange County was down 8%, San Diego and Sacramento 5%, Las Vegas down 11%, Los Angeles down 14%.
This is GREAT news.
Victory Development Hawaii in conjunction with Wells Fargo Bank is offering an extraordinary financing opportunity at Kai Ani Village. Today, qualified buyers in buildings 1,2 and 3 can obtain financing a full percentage point below that available in the marketplace generally for a 30 year fixed rate mortgage. Today those rates would be in the 4.25% range. That savings translates to approximately $300 per month and $100,000 over the life of the loan. For details contact us at Coldwell Banker Island Properties.
We are pleased to announce that Makena Surf unit B-107 has been placed under contract. This extraordinary property is listed for $3.75 million. The market for Maui real estate may be slow, but the Leading Edge Marketing Plan continues to prove its effectiveness. For more information on The Leading Edge Marketing Pan, contact us.
Don't just list your home. Sell it!
Richard Brenner of Morgan Stanley has been one of the better economic prognosticators recently. Here is his take on 2009 and how it applies to Maui real estate. This is not good news for Maui real estate, but as Brenner sees the economy rebounding in the second half of the year, one wonders if we are finally near the bottom.
Maui Real Estate - The Edge. It's state-of-the-art technology and analysis at your fingertips. It's decades of experience helping the most sophisticated real estate clientele maximize their investment
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