The high-end sector of the Maui condo market has seen a significant increase in activity on the first half of 2013, when compared to the same time period in 2012. The first half of 2012 saw 43 sales of $1M+ condos, increasing by 74% in 2013 to an impressive total of 75 sales - sales volume rose accordingly, from $86.94M to $129.74M!
A question often brought up by potential buyers of luxury Maui condos is in regards to financing - or the lack thereof. Of the applicable 43 sales in the first half of 2012, only 21% were financed, whereas for the 2013 sales, 43% were financed - which is reflective of lenders loosening their lending criteria to be less restrictive than it has been in the past few years. It is worth noting that only a handful of
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