Maui Real Estate Statistics - August 2009

The Maui real estate statistics are compiled for the month of August. Home stats are identical to my previous blog. RAM and I differ on days on market, I think that this is a typo from RAM. Bottom line, sales per month will vary on this island. Given our small source of data, there is really no sense looking at the picture month to month. August was not a stellar month and a bit of a down slide from the July stats. Never mind, the best gauge is to look at either a six month, or twelve month time frame to really get a grasp of the market's direction. As I write this, I know that there is a buzz of activity occurring . I think the buyers who meet the "first time" or haven't owned in three years criteria, are actively involved and seriously scouting to take advantage of federal tax credits. We still continue to have a range of opinions from those who believe the market will fall further and others who believe the market will rebound back to 2005-2006 values in 2010.

I myself continue to believe that the recovery will be like a trek to Pu'u Kukui. A long, slow and steady hike uphill. Overall, it's good direction.
Have questions about Maui real estate, call me: 808.280.2625.

A hui hou!
Patty