Dear Readers:
Aloha and
welcome to October on Maui!! A wonderful month to be in Paradise!
Probably one of the biggest events happens this month – “Halloween
in Lahaina.” This world famous Front Street event includes a
haunted house for kids, costume contests, parade and great food. With
Front Street closed to vehicle traffic it magically transforms itself
into the “Mardi Gras” of the Pacific. It will be something you will not
forget. Unbelievable costumes appearing from every direction most
contemplated and worked on since last year’s event.
The real
estate market on Maui continues to transition towards a “buyers” market.
Price reductions, increasing inventory levels, fewer pending & sold
transactions and a ruffling of median prices will frame the real estate
landscape for the next 10 to 15 months. Challenges and opportunities
abound as Maui follows the current real estate trends of California,
Nevada & Arizona (we typically run 6-8 months behind the West coast).
The duration and breadth of these upcoming opportunities will depend a
lot on our National Capital needs, interest rates, job growth/economic
power (both locally and nationally), upcoming elections and amount of
new developer product under construction, in pipeline as market
changes.


*Information/Graphs
from Bank of Hawaii, Realtors Association of Maui MLS
As always…Thank
you for taking time out of your busy schedules to read our magazine and
or stopping by our web site (www.maui-style.com
or
www.livingmaui.com ). Your continued participation and
support of our publication, in all forms, is essential to our
success. We constantly strive to make your participation a
memorable and educational experience. If you have topics of interest we
can address in an upcoming article please let us know. If you have
specific real estate questions on any of the properties or services
mentioned throughout our magazine, please call our advertisers direct.
We have the MOST KNOWLEDGEABLE ADVERTISERS AROUND!!! Let them know you
saw their ad in “Real Estate Maui Style,” a genuine “Made
on Maui” product. The only TRUE MAUI REAL ESTATE MAGAZINE… We’re LIVING
MAUI. See you in November!!!