Archive: April, 2010

The first quarter results on Maui are in and the number shows explosive improvement over a year ago.
  • Single family unit sales increased 58% over a year ago
  • Condominium unit sales increased 43% over a year ago
Now this does not necessarily mean prices have bottomed although indications are we may be there. But this sort of overall activity is necessary to price stability and improvement. For sale inventories in all categories are down significantly as well. For buyers this means they will see fewer choices and for the best selection should act soon.
 
From Standard and Poor's March 30 press release
Maui, for the first time since 2005 has seen back-to-back months of increasing tourism!. February visitors to Maui increased 7% over February 2009! The Western US numbers were up just under 7% and Canadian numbers were up 25%!
 
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