The State of Maui's Real Estate Market
I thought it would be helpful for those buyers and sellers who are not in constant contact regarding Maui's Real Estate market to share leading Hawaii economist Paul Brewbaker's presentation regarding the current state of Hawaii's real estate market. As you will note, there are several economic indicators that effect Hawaii's real estate market. As noted at page 43 of the report, Maui's real estate market hit bottom in 2011 and has shown recovery during the latter part of 2011 and into 2012. Maui' home values are rooted in microeconomics – constraints on supply.
Dr. Brewbaker predicts that Maui's next valuation cycle should emerge in October, 2012, and that during the 20-teens Maui will exhibit house price appreciation.
I welcome your questions regarding Maui's real estate market and am available to assist you with all of your Maui real estate needs. For an up-to-date analysis of your property, contact Michele Muir White R(S), ABR, SFR, Coldwell Banker Island Properties, Wailea, (808) 298.8448, michelewhite@hawaii.rr.com Visit my website at www.MauiRealEstateGuru.com for access to the Maui MLS.
A link to Dr. Brewbaker's full report is attached below:
www.mauirealestateguru.com/UserFiles/File/brewbaker_ram_071312.pdf
