South Maui Real Estate: April 6th
- Ken Wong
- Apr 6
- 1 min read
The South Maui real estate market experienced 43 price adjustments this past week, with price reductions continuing to be the primary type of activity observed. These adjustments collectively amount to approximately $7.5 million in reductions. It's worth considering whether some of these properties might have already found buyers if they had been initially priced more in line with current market conditions.
It appears the market dynamics in South Maui have shifted towards a buyer's market. While we understand the reluctance of sellers, particularly those who purchased recently at higher prices, to accept a loss, many long-term owners are still positioned to realize a profit. The current environment suggests that a strategic pricing approach, reflecting today's market realities, is often more effective than listing optimistically and hoping for a quick sale. Pricing competitively can lead to a more timely transaction, allowing sellers to move forward with their plans.
Here's how South Maui's market performed this past week:
Notice the amount of high end properties selling? And most are cash sales too.
Should you have questions about a specific property, neighborhood or area of Maui, please don't hesitate to ask. Enjoy the rest of your Sunday.
Aloha,
Ken
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