Market Report September '21 and YTD
What a year it has been so far in the Maui real estate market. There has been an enormous amount of property value appreciation in a short period of time. Record sales prices combined with record-low inventory have made 2021 a challenging year for many buyers. It’s also been an exciting time for buyers with access to extremely low-interest rates and increased Fannie Mae and Freddie Mac maximum loan amounts, now sitting at $937,500 on Maui.
Condos and Homes Roughly Equal on YTD Sales
1.84 billion dollars of single-family residential properties and 1.772 billion dollars of condominiums have been transacted year to date on Maui. Both represent approximately a 120% increase over the same period of 2020. Year…
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