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  • Writer's pictureKen Wong

Maui Real Estate at a Glance

As we approach May, several factors appear to be contributing to a period of transition in Maui's real estate market. Indicators include price reductions, escrows falling through, and a decrease in both new listings entering escrow and open house traffic.

This suggests a more cautious buyer pool, possibly influenced by the expectation of steady or rising interest rates in the near future. The potential changes to Short-Term Rentals (STRs) proposed by the governor may be another factor influencing buyer behavior. Along with rising insurance costs and when it comes to several condominium complexes, special assessments.

However, it's important to note that well-priced properties and those with unique features are still generating buyer interest and going into escrow. This highlights the importance of competitive pricing and property differentiation in the current market environment.

Here's how Maui's market performed this past week:

_MRE Week Ending 0428
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As always should you have questions, please get in touch with me. Enjoy your Sunday.

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