Your guide to Bank owned properties for sale on Maui

Maui REO Properties

Is 2018 a good year to buy a Banked Owned property on Maui?

It's true that the number of available REO or Bank owned properties on Maui is declining from the height in 2011 but there are still plenty of opportunities for buyers interested in REO condos or REO homes on Maui. As of March 16, 2018 there are usually between 15 and 25 Maui REO homes for sale and the average asking price is about $625,000. There are about the same number of Maui REO condos for sale and the average asking price is about $350,000.

What you should know about buying REO property on 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.

The top 5 Maui areas for REO properties

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 based on 2017 statistics.

  1. Wailuku in Central Maui - 22 homes and 13 condos sold
  2. Kihei in South Maui - 18 homes  and 22 condos sold
  3. Kahului in Central Maui - 17 homes and 6 condos sold
  4. Lahaina and other areas in West Maui - 6 homes and 2 condos sold
  5. Makawao in Upcountry Maui - 6 homes sold

The best way to follow the 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.

reo homes hotsheet

Hot sheet of Maui REO Homes for sale

This list recaps the latest updates on REO residential property on Maui. You can see the complete list active properties on our dedicated Maui REO Homes for sale page.

 

reo homes hotsheet

Hot sheet of Maui REO Condos for sale

This list recaps the latest updates on REO condominium units on Maui. You can see the complete list active properties on our dedicated Maui REO Condos for sale page.

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located theron. Featured properties may or may not be listed by the office/agent presenting this brochure.

Copyright, 1995-2018, REALTORS® Association of Maui, Inc. All Rights Reserved.

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Dano Sayles
Sayles Team

Email: dano@danosayles.com

Mobile: 808.870.4899

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