Maui realty nose-dives - Business

Full story: Honolulu Star-Bulletin

Maui single-family home prices plunged in April to their lowest level since 2003 and condominium prices fell to near a five-year low as buyers continued to work down excess inventory in the weak real estate market.
Comments
1 - 13 of 13 Comments Last updated May 15, 2009
islander

Singapore, Singapore

#1 May 14, 2009
wow, you could buy 2 condos now with the same money you paid for 1 a year earlier!
willie

Farmington, MI

#2 May 14, 2009
All great figures. How about saying how many homes are NOT selling but are on the market...now compared to a year and two years ago. I am glad the mouthpiece for the real estate sellers thinks the market is near the bottom. How about buying a few of those bargain units yourself if you are so sure Terry. They are bound to go up in value if your "guess" is correct.

“Too small to notice”

Since: Jun 08

Kahuku , Ka'U

#3 May 14, 2009
So , the value is going down. Too bad the property taxes can't do the same.
halawaboy

Honolulu, HI

#4 May 14, 2009
Tell Mr Tolman,that the downward slide in home prices have just begun......Where are the buyers?.....Who has money? Check out Maui's unemployment rate,jobless rate and foreclosures.These folks all have mortgages and maxed out credit cards.3 more years of downside.If we're lucky!
Kuokoa

Waianae, HI

#5 May 14, 2009
Maybe if they let the Hawaii Superferry go to Maui again the real estate values will go up. Hee, hee!
what

United States

#6 May 14, 2009
it seems like Realtors want prices to stay high
No One

Honolulu, HI

#7 May 14, 2009
The bottom of the market is a 5-year bottom. What is the bottom of the new bottom? 10-year? 20-year?or 30-year? The realors don't make sense.
Pake Alice

Honolulu, HI

#8 May 15, 2009
of course its nose diving because no more superferry.
Manapua Man

AOL

#9 May 15, 2009
Yes!!!!!!!!!

Since: Jan 08

Kaneohe, HI

#10 May 15, 2009
Richard Swann wrote:
So , the value is going down. Too bad the property taxes can't do the same.
The tax rate is 4.85 for improved residential in Maui, 2.00 if you are an owner. We'll see if the valuation drops.
Stating the Obvious

Makawao, HI

#11 May 15, 2009
Carpetbaggers are returning to the mainland, bye bye.
KIlla Wiffa

Huntington, NY

#12 May 15, 2009
Is it time to buy????????
kalihihaole

Honolulu, HI

#13 May 15, 2009
Where's the Guru now?

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