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A great opportunity for a first-time buyer: D206 Maui Lani Terraces
March 24, 2020

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HONOKOWAI - Now more than ever, it is very important that we all remain calm, positive and look for new opportunities that only a time like this will bring forward. Take this time to slow down and reflect. Use this time to better yourself, so in the future, you may serve others who find themselves in difficult situations. Will you be the person who chooses to move forward and see the opportunity?

D206 Maui Lani Terraces could be an exceptional opportunity for a first-time buyer, as an owner-occupant or an investor. This two-bedroom, one-bath condominium of 705 square feet in Honokowai is now listed for sale at $365,000 Fee Simple. Only owner-occupant and long-term rentals are allowed at Maui Lani Terraces.

The 159 condominiums in seven 3-story buildings sit on approximately 4.18 acres at 3740 Lower Honoapiilani Road. A swimming pool with a large deck, BBQ grills, an onsite manager and office are some of the common area amenities. D206 has two assigned parking spaces with additional guest and visitor spaces available on the property.

From the Realtors Association of Maui website regarding real estate statistics for Maui: "As the stock market declined, so did mortgage rates, offering a bad news-good news situation. While short-term declines in the stock market can sting, borrowers who lock in today's low rates could benefit significantly in the long term.

New Listings decreased 17.9 percent for Single-Family homes and 5.6 percent for Condominium homes. Pending Sales increased 18.8 percent for Single-Family homes and 21.1 percent for Condominium homes. Inventory decreased 14.0 percent for Single-Family homes and 22.8 percent for Condominium homes. Median Sales Price decreased 5.4 percent to $747,150 for Single-Family homes but increased 5.7 percent to $555,000 for Condominium homes. Days on Market decreased 22.7 percent for Single-Family homes and 9.1 percent for Condominium homes. Months Supply of Inventory decreased 20.7 percent for Single-Family homes and 20.9 percent for Condominium homes."

For further information, visit our website at www.Lowson.com, text or call Laurie Lowson, Realtor, at (808) 276-8001, or e-mail Laurie@Lowson.com.

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