Wailea & Makena Homes News
Please let us know if there is something specific you'd like us to keep you apprised of! Mahalo.
- Tom & Sean Real Estate's Leading Edge
|
||||||
|
||||||
|
||||||
Please let us know if there is something specific you'd like us to keep you apprised of! Mahalo.
- Tom & Sean Real Estate's Leading Edge
The news coming from the mainland housing market remains bleak, but there are a few causes for optimism. New home sales nationally fell in May to an annual rate of 512,000 units, down 2.5% from April. Exisitng home sales increeased 2% to just under a 5 million annual pace while median price fell 6 from a year ago. None of this is particularly good news. But there are a few bright spots. In California, declining prices led to an 18% increase in sales in May. How does this impact Maui real estate? As we have said before, this kind of data influences the willingness of mainlanders to buy real estate anywhere. Locally, the last nine homes in Moana Estates have been placed under contract in a bulk sale. For more details, contact us!
We are pleased to announce that Wailea Fairway Villas X-103 is now in escrow. That three bedroom condominium is listed for $1.325 million.