Canadians largest foreign group buying property on Maui
COURTESY REALTOR LORI WASH, COLDWELL BANKER ISLAND PROPERTIES, WAILEA
A one-bedroom, one-bath, oceanfront unit in the Luana Kai development in Kihei is listed at $289,000, below the median condo sale price for May. Here are the grounds of the Luana Kai.
A one-bedroom, one-bath, oceanfront unit in the Luana Kai development in Kihei is listed at $289,000, below the median condo sale price for May. Here are the grounds of the Luana Kai.
WAILUKU >> Don’t be surprised if you see the Maple Leaf flag flying on more properties on Maui.
The Maui News reports that Canadians were the largest foreign group buying property in Maui County last year.
That’s according to a Title Guaranty Hawaii report, which says Canadians bought 94 properties for a total of $84 million.
Japanese made up the second largest group of foreign buyers, purchasing about $8 million in Maui properties.
The report says Japanese were the largest buyer of properties statewide.
Hawaii residents were the biggest group of domestic buyers on Maui, followed by residents of California, Washington state and Texas.
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