Maui Sales

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New Home Sales Reach 10 Year High

New Home Sales Reach 10 Year High

Last month new home sales increased to the highest they’ve been in nearly a decade, since October 2007. New home sales have been steadily climbing 12.4% month over month throughout 2016. Nationally most of these new home sales are in the Northeast region where 40% of new home sales occured. Continuing low mortgage rates, income growth and job creation have all contruibuted to the increases in both the sales of new homes and existing homes. New home sales have had strong growth all year, up 13% from last year. This growth shows the need for more new single family homes. Inventory supply is currently at 4.3 months, the lowest it’s been in 3 years. Nationally the median new home price is $264.6K

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About The Smith Team

Ken Smith, a Maui resident for 35 years, brings his extensive local knowledge and passion for the island to his successful real estate career. Alongside his daughter-in-law, Melissa Smith, and Greg Smith, the Smith Team provides a wealth of experience and dedication to clients seeking to buy or sell property in Maui.

Melissa Smith, a third-generation Maui native, combines her deep understanding of the island's growth with a commitment to exceptional service. She empowers clients with knowledge to make informed decisions in finding their dream homes. With a background as a top agent and a Broker's license, Melissa's expertise is invaluable.

Gregory P. Smith, a lifelong Maui surfer, channels his passion for the island and its natural beauty into his real estate profession. His enthusiasm, deep market knowledge, and dedication to exceeding client expectations make him an exceptional agent.

The Smith Team's combined local expertise, commitment to client service, and understanding of the unique Maui real estate market make them an ideal choice for those looking to navigate the island's property landscape. Their proven track record ensures a smooth and successful experience for both buyers and sellers.