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| | Jim Sanders Maui Real Estate Blog Maui Real Estate Information and Resources | Steady Maui Real Estate Prices Pricing for real estate in Hawaii stays steady during the past year May 23, 2008 | In many places across the nation, the proverbial sky has been falling fast on a less than spectacular U.S. housing market. A recent study published by the Office of Federal Housing Enterprise Oversight confirms this unfortunate fact, showing a decline in real estate prices across 43 states in the last 12 months, with the biggest declines (more than 10%) happening in the once booming markets of Nevada and California. While Hawaii happened to be one of the 43 states in the OFHEO report, there is good news: Hawaii real estate prices declined a paltry 0.3% during said 12 month period. This of course is great news for both owners of Maui real estate and prospective Maui property buyers, as the report shows the Hawaii real estate market to be in good health, a trend likely to continue for the foreseeable future. In fact, if while looking for your piece of Maui real estate you've happened to find a nice quiet Wailea condo, beachfront Makena condo, or one of the many other condos available in South Maui, that fits your needs, you'll be happy to know that median prices for condos on Maui have risen incrementally in the past few months, with all signs pointing to a continuance of this trend! Just like our wonderful weather, the Maui real estate market looks to stay stable for the foreseeable future, a great prospect for both current and soon to be Maui home owners alike! |
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Jim
Sanders Realty, Inc.
P.O. Box 792050
137 Hana Highway Unit C
Paia, Maui, HI 96779 |
Office:
(808) 579-8255
Fax: (808) 579-9004
Toll Free: (800) 556-1288
Email: info@jimsandersrealty.com
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