Being in the midst of high season, the Maui real estate market is abuzz in activity. And as a luxury property with an increasing reputation as one of the leading vacation rental properties on Maui, the Honua Kai micro-market is certainly benefiting from the continued demand and decreasing developer inventory. The announcement that the developer would be increasing prices sent many potential buyers off the fence, with 9 of the 14 units set to have a price increase receiving a letter-of-intent prior to the February 28th deadline. Conditions at Honua Kai are at an interesting point in the micro-market evolution and it will be interesting to see how resales will move forward after all developer units are absorbed.
With that said, let us take a look at
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