Maui Hawaii Real Estate- Hawaii Home Mortgage
In Hawaii, Maui is often called the “Valley Island.” It is best known for two special things- first of all Haleakala (called the House of the Sun) and also its unique walk-in volcanic crater.
Maui Hawaii real estate comes in many forms, residential, condo, vacant land and what is known as time interval. The price ranges for Maui real estate depend on the kind of property one is interested in as well as the location. The more highly populated areas tend to be more expensive to buy into. Residential homes range anywhere from $639,950 up to $1,497,000 in Maui. For condos it is approximately $228,000 up to $639,000.
Hawaii home mortgage rates vary from company to company. As of this past week, if you take a look at an average home mortgage of $200,000 with a twenty percent down payment on a term of 15 years the interest would be somewhere between 4.500 to 4.875. And on a 30-year home mortgage in Hawaii you would be looking at interest of 5.000 to 5.250.
In Central Maui as of May 2005 the average price of real estate (in this case a single family dwelling) was $538,771 and the median price was $479,264. For a condo in Central Maui, as of April 2005, the average price was $219,346 and the median price was $200,000.
The prices of Hawaii real estate have skyrocketed but so has the interest of non-residents in living on a lovely island where it is warm and sunny most of the time.