Please enjoy a safe 4th of July holiday as we all celebrate how fortunate we are to live in this great country and have the choices we do!  This month I'm going to leave off the statistics and report in a more generalized way what I see as the "state of the Maui Real Estate market".

 

Reality is, Maui continues to be one of the #1 destination locations in the world.  We have the climate, the feeling of safe harbor, it's the United States, and we don't get hurricanes!   What this all channels down to is the fact that Maui Real Estate will be in demand as long as there are people with means and dreams looking for the perfect vacation/second-home/retirement location.  Yes, we have had price adjustments in some segments of our market--primarily single family homes in the $700,000 to $1,000,000 price range, with asking prices dropping back to last year's sale prices, but our high-end properties and better vacation rental properties are actually still appreciating, though at a considerably slower pace than we've seen for the past 4-5 years.  With interest rates creeping up, today's prices may very well still look like a bargain next year!  I just don't see this market dropping the way it perhaps has in many mainland communities.

 

That being said, here are this month's Featured Listings:

 

MLS #314862--This 3BR/2BA home with 1BR/1BA Ohana unit boasts oceanviews stretching from the west Maui mountains to Kahoolawe and has recently been reduced to $899,000, making it one of south Maui's best buys.  Not ready to retire to Maui yet?  This property could generate upwards of $3,600/month rental income while waiting for you to follow your dream!

 

MLS #318638--The popular "E" floor plan, Palms at Wailea's largest, offers 2BR and 3 full baths in 1,559 sq. ft. of spacious and gracious Wailea living.  Combine big oceanviews with one of the finest pool/pavilion areas in Wailea, and you've got a winning package at $1,555,000!!

 

MLS #318630--If you're looking for a fabulous home in a gated community in Wailea, don't miss this 4BR/2.5BA, 3,327 sq. ft. beauty on a 15,563 sq. ft. lot, with plans for a pool already in place!  After viewing this home, I found myself saying, "This is the best value in single-family homes in Wailea", well-priced at $2,150,000 (only $646/sq. ft. when the average in Wailea is over $900/sq.ft.)!!

 

Simply Click Here to View Listings !

 

Until next month, be well!

 

Mahalo nui loa!

 

Michael Blaz

(808) 283-9093