Gary's Blog

Thursday, March 11, 2010

Island Tourism is UP

Great news for Maui real estate owners! Maui's occupancy rate jumped to 67.5% in January compared to 59.8% one year ago. There was a smaller but still encouraging jump for the state as a whole, as well- from 63.1% in 1/09 to 66.5% in 1/10.

It is not easy to ignore all these positive statistics.

Even the naysayers are saying yay. Yesterday's Maui News actually published an article giving the reasons why it appears the resort real estate market has hit bottom. Check it out at www.mauinews.com for 3/10/10, it is on page 3.

In another article today, Maui News reports that foreclosures are up from one year ago, although the rate of increase is the smallest annual increase we have seen in four years. And the foreclosure rate in February was actually down from the prior month by 2%.

Call me now for your piece of Maui real estate- while the getting is good!

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