A recent report revealed that in November, Condo sales had more than doubled!  The Realtors Association of Maui reports 69 condos selling in November 2009 compared to 29 units sold in November 2008.  We’re on track to sell about as many condos this year as last year.  This is a sign of a buyers market and hopefully the beginning of the market coming back.

At the same time, November was up 122 percent in foreclosures across the state of Hawaii, according to sources with the Associated Press.  Maui was noted as having the worst month for foreclosures with 197 in November.

People are still hurting and are losing their homes.  This makes for a ripe time for those that can buy a home or condo.  In our honest opinion, these are all signs that things are changing soon.  Our island has been through some very difficult times, but 2010’s real estate outlook seems to be sunnier on Maui.