Maui Real Estate News

By
Real Estate Agent with Coldwell Banker Island Properties

 

 

Laurelee Blanchard, Realtor

 

Maui Island

Real Estate News

  

Volume 14

 

In this Issue:

  

Real Estate Market Statistics

 

Home Warranties

  

Coldwell Banker Island Properties

24 Baldwin Avenue

Paia, Maui, HI 96779

 

Phone:

(808) 298-8544

 

E-mail:

Laurelee@MauiResidences.com

 

We're on the Web!

www.mauiresidences.com

 

 

  

 Real Estate Market Statistics

 

As of July 31, 2008, there were 574 home sales on Maui, compared to 736 a year ago - down 22%. The average sales price was $891,609, compared to $958,627 a year ago - a 7% decrease. The median price was $595,104, compared to $649,000 a year ago, an 8% decrease. Total dollar volume declined 27% during this twelve month period.

 

Click Here to See All MLS Listings

 

Home Warranties

 

To clinch a sale, many savvy home sellers offer home warranties. Buyers love them because warranties pay for certain home repairs for a year after the sale. Many sellers love them, too, because warranties help get the home sold - and may bring in offers closer to the asking price.

Typically, home warranties cover the repair or replacement of a home's heating, plumbing, and electrical systems and major built-in appliances. The cost often runs $350-$450, typically with a small deductible for each repair or replacement.

  

Shop for the Best Coverage

When shopping for home warranty coverage, compare the following:

  • Required pre-warranty inspections.
  • Coverage for appliances and systems.
  • Deductibles and service fees.
  • Dollar caps on total or individual replacement/repair costs.
  • Limits on number of repair calls.
  • Costs, including any initial or inspection charges.

 

  

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Copyright © 2008 Laurelee Blanchard - All Rights Reserved

 

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