Home prices were consistently up again in most markets in 2018 but at reduced levels compared to recent years. High demand for few homes for sale fueled price increases, but evidence is mounting that inventory will finally improve in 2019. This may apply some downward pressure on prices for beleaguered home buyers. A fourth interest rate hike by the Federal Reserve in 2018 spooked the stock market to close out the year. The Fed has indicated that the number of rate increases in 2019 will be halved, which may be of little comfort to an already compressed consumer.Continue reading “December Real Estate Sales”
- CCIM: The Certified Commercial Investment Member (CCIM) designation conferred by the Commercial Investment Real Estate Institute (CIREI), is awarded to experts in the disciplines of commercial real estate brokerage, asset management, valuation and investment analysis. The designation is earned by completing the intensive CCIM education program, passing a comprehensive examination and demonstrating a record of accomplishment in the commercial investment of real estate.
Excerpts from the Maui MLS report, September 2015:
Page 4 – September’s Sales Unit Volume – Residential sales remained steady at 97 homes sold while Condominium sales rose to 108 units sold. Land sales came in at 16 lots sold in September. Keep on reading
The 128 single-family home sales in Maui County in July was the highest monthly total since the 131 sales in March of 2007 in the days before the Great Recession, Realtors Association of Maui data show.
Furthermore, median home sales prices were 16.8 percent higher than in July of 2014, rising to $525,000.
Photo credit: Peter Liu