Gary's Blog

Saturday, October 10, 2009

Stocks post best week since July

Maui real estate prices should soon reflect the feeling of increased wealth of prospective buyers, as the stock market continues to set new highs for the year. Stock prices rose 4% just this week!

I know Coldwell Banker Island Properties here on Maui is seeing much better activity this year compared to last. As a matter of fact, we had 63 new escrows opened in September. That compares to 3-4 escrows per month a year ago (October and November '08)! A large majority of those escrows were out of the Wailea offices, showing the strongest demand on Maui is in Wailea and Makena.

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