While we hear all the time from buyers looking to try to find bargains in troubled situations and they appear to be playing a major role in the market on the mainland, the story for Maui real estate is something different. According to Trulia, here is some information regarding how much impact foreclosed properties for sale are having on some California markets.

• In Palmdale, foreclosures make up 77% of all properties listed for sale;
• In Ontario the percentage is 75%;
• In Van Nuys, 63%;
• In Burbank 48%

In contrast, two very high end markets, Santa Monica and Newport Beach, the rates are 20% and 14% respectively. How do these percentages compare to Maui?

Again according to Trulia, in Kihei only four homes are listed in foreclosure, a percentage well under 1% of listings. In the Wailea real estate market, there simply aren’t any, in Lahaina either. In Wailuku the percentage is under 3%, in Kahului even less than that. These sales are simply not a meaningful part of the Maui real estate marketplace.