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Tagged : maui homes for sale

Found 12 blog entries tagged as "maui homes for sale".

The ZERO Effect of COVID on the Maui Real Estate Market 

Aloha! And welcome to another weekly Maui Real Estate Market Watch Report from Eric West at Keller Williams in Whalers Village.

Maui Real Estate

 Here is what's new and developing for the week of August 24th 2020. To see the entire Google Sheets spreadsheet please click here

The big question people ask me every week…”How’s the market doing on Maui?” Many people are expecting a major downturn in demand and subsequent 20-50% reductions in asking prices.

Not so much.

In a nutshell, the Maui Real Estate Market is holding steady, very steady.

Let’s compare the last 8 months of 2020 with the exact same time period in 2019.

Now keep in mind, in 2019 the market was in FULL swing with a FULL capacity

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Maui Real Estate for Sale in the “New Age” of COVID

How to Find the RIGHT Real Estate Deal on Maui 

Information is power. We all know that. But with all of the “tech tools” and everything available to everyone online, how can anyone get a competitive edge? Not to mention a true understanding of what is really happening in the real estate market in Hawaii in order to make wise and prudent decisions?

(Just because a buyer or a real estate agent uses or shows up on Redfin, Zillow or Trulia on Maui does not make you or them an expert...just sayin')

Especially given the new set of never before seen circumstances of a global pandemic such as COVID!

The answer is threefold.

  1. Follow the numbers. The numbers don’t lie. But most

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Corona Virus Impact on Closed Sales for Homes, Land and Condos on Maui

Maui Real Estate Update July 16, 2020

Aloha! And welcome to another weekly Maui Real Estate Report from Eric West. Here is what's new and developing for the week of July 16th 2020. To see the entire Google Sheets spreadsheet please click here

If you are curious about the effect of COVID on the Maui Real Estate market in the month of June 2020, check out this comprehensive report

  1. We had another 26 price reductions averaging 7% and a total dollar discounting of just under $2M. This is quite a bit lower than what have been seeing during this Coronoa Virus time period. The two most notable reductions came from 3806 Lower Honoapiilani Rd with a $251,000 reduction in price

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Maui Real Estate Closings Drop 65% in May

 

Aloha! The Maui Real Estate market is interesting to say the least. New Listings have decreased 15.5% for Single Family homes and 18.8% for Condominium homes. So inventory could in fact become even leaner than it was pre-COVID. And "Days on Market" increased 13.3 percent for Single Family homes and 28.7 percent for Condominium homes. Buyers have been quicker to return to the housing market in force than sellers, who have been showing a bit more reluctance to list their homes than is typical for this time of year. But trends are improving and as states and localities continue to moderate their COVID-19 policies, real estate activity is expected to continue to improve in the coming weeks.

To see the full

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Maui Real Estate 

BRAND NEW Luxury Home @ 227 Anapuni Loop

Located in the Lanikeha Neighborhood in Kaanapali Golf Estates

 

This is Maui living at its finest. Stunning ocean views. Prestigious gated community of Lanikeha. Brand New Construction of this well appointed 4 bedroom 4 bath residence. Just a short Golf Cart ride to world-class resort of Kaanapali and the beach voted the Best in the World! Plus resort style amenities abound with the Lanikeha Clubhouse with a lounge, game room, kitchen facilities, pool complete with a waterfall and hydro-spa, courtyard, fitness & pool pavilions. Be sure to watch both Eric West's video tour of the home AND the video tour of the Lanikeha neighborhood. Click here for all the listing details and current

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Aloha & Welcome to Another Edition of the Maui Real Estate Market Watch!

The purpose of these weekly reports is to give you the cutting edge insight and research as it pertains to the Maui Hawaii Real Estate market. 

Here is a direct link to the report. (Scroll down to see embedded spreadsheet below)

I am pleased to announce the report is evolving and growing! You can now see these new elements:

  1. Historical Sales Data :Every home, land, condo sale on Maui in 2018, 2019, and 2020

  2. Every Pet Friendly Vacation Rentable condo For Sale on Maui (a very sought after and rare combination indeed)

  3. The Report also shows all new price reductions for the week, all New Listings for homes, land and condos, the Top 20 Best Deals for Homes,
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Maui Real Estate Market Watch April 28, 2020

Aloha and Welcome to another edition of the Maui Real Estate market watch!

The purpose of this report is to give you the absolute best tools to shop, research and ultimately buy or sell a property on Maui Hawaii. Here is a direct link to the report. (Scroll down to see embedded spreadsheet below)

This weekly report is a fully interactive, dynamic Google Sheets spreadsheet that is updated weekly with live links to all of the data. It is both a snapshot of what the market is doing right now with the most recent price reductions along with the top 20 best deals for homes, land and condos (based on the best value price per square foot or price per acre), along with new properties (homes, condos and land)

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The Maui County Rules for Your Ohana (Guest Cottage) aka Accessory Dwellings 

Are you thinking about building or buying a home or land on Maui and building and enjoying the many benefits of a guest home? Traditionally in Hawaii this has been called an "ohana" which means family! So the idea is to the live WITH your extended family. Cool concept huh?

Well, as we know it's usually better to keep them in a separate building!

All kidding aside, this is NOT something that is really that popular on the mainland,....other than the dreaded "mother-in-law" suite (an over-sized room with a bad kitchen). Either that or in reality most older relatives get carted off to the nursing home and most people hope their kids move as far away as possible! Not here.

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Hawaii Fix and Flip - An Endless Market

Many of my best clients are investors looking to buy homes or condos for both fix and flip and/or long term hold. Either way, the process and formula for doing them successfully has not changed much over the years. Buy low, keep your improvement costs under a tight budget and make sure your sold comparables support at least a 30% return on investment....with less than a 6 month hold time! If anything, the advent of non-judicial foreclosures in Hawaii has created a huge backlog of pre-foreclosures, (whereby you get a chance to negotiate with the seller who is still in charge of the property) So the market is ripe with many months, if not years of back logged inventory just sitting there ready to be found, bought,

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Tips To Maximize Your Return on You New Hawaii Condo 5 Things You MUST Know Before Buying A Condo In Maui. If your realtor hasn't mentioned these important issues, you need to dig a little deeper. (Scroll Down for Video)

PS - I also have a YouTube channel with many informative videos about Hawaii, Maui and Real Estate. Check it Out Here https://www.youtube.com/user/hawaiirealestateorg

1) Ocean View - Must have (or at least partial ocean view)

2) Only Buy Fee Simple (the only exception is a leasehold in a majority fee simple complex)

3) Evaluate the Financials - Expect a 2-5% Return - Cash on Cash Invested (see notes below on how to compare different units apples to apples)

4) Purchase at Fair Market Value or Lower - look at all comparable

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