Wall Street Journal Rates Maui #1 Place To Buy A Second Home

Wall Street Journal (WSJ) lists Maui as #1 on the list of top 10 locations to purchase a second home.

WSJ singled out the South coast of Maui anchored by the resort area known as Wailea. Wailea, as it turns out, was one of the first master planned resort communities in the nation. WSJ says of Wailea, “(i)t’s a balanced blend of understated gated communities, luxury resort hotels, 3 excellent golf courses, a tennis center and of course, several crescent sandy beaches.”

For such a small island, we are ahead of the curve in so may ways.

Some of the criteria used in determining the winners include spectacular views, world-class golf, fishing and skiing, fine dining, great shopping and gorgeous housing stock.

Part of the selection process was also based on the stabilization of the primary residence markets in these areas. As wealth from the stock market increase, now could be the time to buy into these second home markets that are off as much as 40%. Signs of improvement is the second home market is evidenced by the resurfacing of “hard-nosed investors” as well as some normal folk.

Other locations include:

• Kiawah Island, SC (#2)
• The Hamptons (#3)
• Park City, Utah (#4)
• Aspen, Colorado (#5)

I am fortunate to call Maui my home and if you are consiering owning a second home or even your primary home, consider Maui.

Read WSJ article: 1o Best Places for Second Homes →