The number of available REO or Bank owned properties on Maui is increasing and many buyers looking for affordable homes on Maui have been able to purchase Wailuku and Kihei homes for less than $200,000 and Makawao homes for less than $275,000. Roughly 23% of the total home sales on Maui in 2010 have been REO properties and there are a significant number of REO condo sales in Kihei and the Kahana area of West Maui.
If you are searching for Bank owned property on Maui it's important to know that 40% of the REO homes go under contract less than 15 days. Since the best properties sell fast it's important to adopt a proactive approach to monitoring the Maui REO market.
Here are some convenient and easy to use lists of bank owned homes and condos for sale on Maui. These detailed lists are updated hourly and reflect freshest information on the Maui REO market. You can get proactive and receive email alerts when these lists are updated.
Maui REO properties represent a great buying opportunity and the best buys often go under contract very quickly so it's best to learn which Maui areas have the greatest REO activity and monitor those areas. Here are the top 5 areas on Maui for REO sales this year.
This list recaps the latest updates on REO properties on Maui showing new REO home listings as well as new REO condo listings.
