maui real estate: THE CREDIT CRUNCH HITS MAUI - 10/09/08 01:18 AM
We have been saying for several months that the direct impact of the issues facing the credit markets on Maui has been small. That is no longer the case.
Maui Land & Pineapple Co. and its partners in the Kapalua Bay Hotel redevelopment have had to advance money to pay contractors … (1 comments)
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maui real estate: DECLINING INVENTORY ON MAUI - 10/09/08 01:11 AM
Over the last two weeks we have seen a number of cancellations of listings. The number of condominiums for sale in Wailea-Makena has declined to 160, down from an average of 180 over the last year. Single family homes have similarly declined to 42 from a high of 50. We will … (1 comments)
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maui real estate: Amazing Kamaole Sands Vacation Rental - 10/05/08 02:49 AM
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maui real estate: SPECTACULAR NEW MAUI OCEANFRONT LISTING - 09/30/08 02:34 PM
We are pleased to announce the listing of Makena Surf Unit F-301. This extraordinary three-bedroom condominium in one of the areas most prestigious complexes offers stunning vistas of the Pacific and has been completely remodeled using top of the line materials throughout. At 1640 square feet, with another 720 square feet … (0 comments)
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maui real estate: Wailea Fairway Villas Enjoy Paradise on the Green! - 09/26/08 12:57 AM
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maui real estate: WHAT DOES IT ALL MEAN?? - 09/20/08 12:04 AM
So what do the events of the past week mean for Maui real estate? First, let's recap the major events:
-Fannie Mae and Freddie Mac placed under Federal Receivership-Lehman declares bankruptcy then sells a major portion of its operations to Barclay's-AIG trades an 80% interest for an $85 billion loan and … (1 comments)
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maui real estate: ANOTHER TOM AND SEAN CLOSING - 09/17/08 12:26 PM
We are pleased to announce the sale of Royal Mauian unit 115. This two bedroom, 806 square foot unit sold for $1.035 million. Yet another example of how well the Leading Edge Marketing System works in difficult markets.
The Royal Mauian unit 115 offers direct ocean front living in the heart … (0 comments)
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maui real estate: Another Tom and Sean Escrow - 09/12/08 11:59 AM
We are pleased to announce that Kamaole Sands unit 4-408 has been placed under contract. This two-bedroom unit is listed for $565,000. This unit is a nicely upgraded two bedroom, two bath unit. It is just over 1100 sqft. Once again, even in this difficult market, the Leading Edge Marketing System … (0 comments)
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maui real estate: Kai Malu at Wailea 24B - Brought to you by Maui Real Estate's Leading Edge - 09/11/08 04:40 PM
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maui real estate: The First of Several... Subdivision for sale - 09/08/08 06:09 PM
The Fairways at Maui Lani, one of the Wailuku subdivisions embroiled in a lawsuit is being put up for sale.
The Fairways at Maui Lani - one of two subdivisions at the center of lawsuits over grading laws and site preparation damages - is being put up for sale. The asking … (0 comments)
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maui real estate: TWO MORE TOM AND SEAN SOUTH MAUI CLOSINGS - 08/28/08 01:58 PM
We are pleased to announce the sale of 3387 Kuaua in Maui Meadows. This extraordinary property sold to sophisticated buyers along Maui's oceanfront. We are also pleased to announce the sale of 50 Hoohale in Kilohana Ridge. These transactions demonstrate the power of the Leading Edge Marketing System and the value of … (2 comments)
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maui real estate: YET ANOTHER TOM AND SEAN ESCROW - 08/26/08 06:36 PM
We are pleased to announce that Wailea Ekolu unit 1603 is now under contract. In this difficult market for Maui real estate, the Leading Edge Marketing System continues to shine!
Wailea Ekolu nestles into the foothills of Haleakala and lies within walking distance of the Shops at Wailea and this … (0 comments)
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maui real estate: A MODEST PROPOSAL: TVR Part II - 08/25/08 02:49 PM
We promised a specific proposal to try to address the TVR fiasco now going on regarding Maui real estate. Well, here it is.
Permits for transient vacation rentals would be immediately granted in the following situations:
Oceanfront homes and homes on lots of more than 2 acres solely for the purposes of … (3 comments)
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maui real estate: ACTIVITY LEVEL PICKING UP - 08/12/08 02:18 AM
While the tourism numbers have been lousy, over the past few days the general activity level has picked up. We have been getting more inquiries and we have been having more showings. Finally things seem to be picking up, at least a little, for Maui real estate.
Hopefully this is a sign … (0 comments)
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maui real estate: WHERE’S THE RECESSION? - 07/31/08 01:27 PM
In the second quarter the US economy grew at a slow, but positive rate of 1.9%.
An emergency dose of government stimulus helped the U.S. economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to … (0 comments)
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maui real estate: SELLING ON MAUI IN TODAY’S MARKET - 07/29/08 12:09 AM
For an extended period of time Maui real estate seemed to avoid the slowdown in the national market, but now it has undeniably arrived. Island wide, and in South Maui, we are seeing increased inventory, extended days on market, the occasional short-sale and wary buyers.
At present, in each property class, … (0 comments)
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maui real estate: Lousy National Sales Figures - Bad for Maui? - 07/24/08 06:40 PM
The NAR has reported that existing home sales fell in June on a seasonally adjusted basis.
Existing-home sales ? including single-family, townhomes, condominiums and co-ops ? fell 2.6 percent to a seasonally adjusted annual rate1 of 4.86 million units in June from a pace of 4.99 million in May, and are 15.5 … (0 comments)
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maui real estate: A DEAL IN WAILEA - 07/24/08 06:38 PM
We are pleased to join the listing for Wailea Fairway Villas Q-103. This townhouse style three-bedroom, 1500+ square foot unit boasts lovely ocean views, is in excellent condition and a list price under $1.1 million. There is a deal to be had here! For a private showing please contact us!
Wailea … (0 comments)
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maui real estate: FIRST HALF WAILEA RESULTS - 07/17/08 07:27 PM
In the first six months of 2008, the Wailea-Makena real estate market like the larger Maui real estate market remained sluggish. 50 Wailea condominium resales were completed, which is down from the same period in 2007. Oceanfront complexes saw 19 sales while the average sales price per square foot declined 13% … (0 comments)
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maui real estate: BERNANKE IN FRONT OF CONGRESS - 07/16/08 02:01 AM
In testimony today in front of Congress, Fed Chairman Ben Bernanke said he sees threats to both economic growth and inflation.
There are "significant downside risks to the outlook for growth," and "upside risks to the inflation outlook have intensified," Bernanke said in semiannual testimony on the economy to the Senate … (0 comments)
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maui real estate: ANSWERS FOR CANADIANS - 07/13/08 02:49 PM
Many Canadians are considering buying real estate on Maui and, as such, have a series of questions we thought we'd address up from. In no particular order, here we go!
Q: What is the difference between fee simple and leasehold ownership? A: Fee simple is straightforward ordinary ownership of real estate. … (0 comments)
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maui real estate: ANOTHER TOM AND SEAN CLOSING - 07/11/08 09:05 PM
We are pleased to announce the sale of Wailea Fairway Villas unit X-103. This three-bedroom townhouse is in immaculate condition with an upgraded kitchen. Current sales continue to show that in this market, condition and updated look and feel, continue to dominate over view and other factors. To discuss how the … (0 comments)
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maui real estate: JUNE WAILEA RESULTS - 07/09/08 04:17 PM
In June Wailea saw only five condominium closings. The surprisingly high median sale price of $1.75 million is a function of two of the five sales being in Wailea Beach Villas. The per square foot average, the better measure in our view, fell 13% from the 2007 average to $1,075. With … (0 comments)
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maui real estate: PARADISE REMAINS QUIET - 07/07/08 03:45 PM
The island of Maui remains quieter than usual at this time. There seem to be fewer tourists than is usual for early July and therefore the market for Maui real estate is similarly quiet. It isn't yet clear whether this is entirely a function of the airline bankruptcies and commensurate loss of lift … (0 comments)
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maui real estate: BEST AVAILABLE MAUI REAL ESTATE DEALS - 06/30/08 08:57 PM
There are currently several special Maui real estate deals available in our mind. The first is a small oceanfront home in Maalaea asking $1.6 million. Astonishing views from this modest home. Unit 115 in the Royal Mauian, a two-bedroom in good, if dated, condition is asking $1.099 million. There are two … (0 comments)
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maui real estate: A MIXED PICTURE - 06/29/08 02:50 PM
The news coming from the mainland housing market remains bleak, but there are a few causes for optimism. New home sales nationally fell in May to an annual rate of 512,000 units, down 2.5% from April. Exisitng home sales increeased 2% to just under a 5 million annual pace while median price … (0 comments)
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maui real estate: THE GREEN SANDS OF HOME - 06/29/08 02:39 PM
The Dowling Groups' Maluaka in Makena, which is being built according to standards devised by the US Green Building Council's Leadership in Energy and Environmental Design (LEED), may have begun a trend in Maui real estate. Now Starwood has announced that their third timeshare resort at Ka'anapali will be going green.
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maui real estate: MAY MAUI TOURISM RESULTS - 06/27/08 05:35 PM
The Department of Business, Economic Development and Tourism has released Maui's May Tourism results. Here are the highlights:
Visitor Days down 5%
Expenditures down 13%
Domestic visitors down 12%
International visitors up 20%
Canadian visitors up 9%
While these numbers are dismal, there are two things to remember regarding Maui real estate and … (0 comments)
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maui real estate: MERRILL LYNCH WEALTH REPORT - 06/25/08 04:28 PM
Merrill Lynch has released their wealth report for 2008. Here are some key findings related to real estate.
The Ultra-HNWI "wealth band" ($30 million +) experienced the strongest growth, gaining 8.8% in population size and 14.5% in accumulated wealth
The number of high net worth individuals ($1 million+) will increase 6.8% … (1 comments)
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maui real estate: HARVARD HOUSING SUMMARY - 06/25/08 04:23 PM
Harvard's Joint Center for Housing Studies has released its 2008 State of the Nation's Housing. Here is a summary of the key findings and the likely impact on Maui real estate.
Significant inventory overhang remains
Surpluses exceed 2% of owners stock in some markets
The spike in loans entering foreclosures will weigh … (0 comments)
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maui real estate: THE LEADING EDGE STRIKES - 06/16/08 06:00 PM
We are pleased to announce that Wailea Fairway Villas X-103 is now in escrow. That three bedroom condominium is listed for $1.325 million. UNIT X-103 may well be the finest unit in the complex. This 1790 square foot, three bedroom, three bath townhome rests in the quietest and most private portion … (0 comments)
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maui real estate: ANOTHER TOM AND SEAN DEAL IN KAMAOLE SANDS - 06/11/08 08:51 PM
A rarely available third floor unit in Building 7: one of Kamaole Sands' best! This one-bedroom two-bath unit is in excellent condition and features a large lanai, upgraded walk-in shower in the master bath, king size bed, a new stove, and a "Grade A" rating from Castle Resorts.
All this for … (0 comments)
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maui real estate: NATIONAL SALES RESULTS FOR MAY - 06/10/08 05:47 PM
Today the NAR released the national pending sales results for May. Below are some key snippets and the likely impact on Maui real estate.
The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in April, rose 6.3 percent to 88.2 from a reading of 83.0 in March. … (1 comments)
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maui real estate: ANOTHER TOM AND SEAN DEAL IN WAILEA EKOLU - 06/03/08 05:33 PM
We are pleased to announce the listing of Wailea Ekolu unit 1603. This en-suite, two-bedroom, 1071 square foot unit has been thoroughly remodeled and has a spectacular kitchen.
It also boasts porcelain tile floors and a spacious and private floorplan.
The bathrooms offer a glass block shower, limestone countertops and … (0 comments)
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maui real estate: National April Sales Results - 05/27/08 12:24 AM
The NAR released their report on April home sales and the results are discouraging. The question of course is how does it impact Maui real state. Here are the key findings:
Existing-home sales slowed in April, partly because restrictive lending practices hampered home buyers...Existing-home sales ? including single-family, townhomes, condominiums … (1 comments)
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maui real estate: An Oceanfront Deal - 05/23/08 12:14 AM
3911 Honoapiilani Highway sits just off the highway in Maalaea. It is a 1400 square foot home, three bedrooms with astonishing views and ocean access. You are as close to the Pacific as you have always wanted to be. The home is in good condition. Here's the best part, it can … (0 comments)
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maui real estate: No Change in Maui Tax Rates - 05/21/08 03:19 PM
At a meeting on Wednesday, the Maui County Council set the property tax rates for Maui real estate for the 2008-2009 fiscal year. The rates are as follows:
Homeowner: $2 per $1,000 of assessed value.
Improved residential: $4.85.
Apartment: $4.55.
Commercial: $6.25.
Industrial: $6.50.
Agricultural: $4.50.
Conservation: $4.75.
Unimproved residential: $5.35.
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maui real estate: The Wisdom of Remodeling - 05/21/08 03:16 PM
In last weeks Wall Street Journal there is a story on how the returns on remodeling have changed. Some snippets and their implications for Maui real estate below:
The slumping housing market has made remodeling much trickier. When house prices were climbing ever higher, buyers knew they could spend big bucks to expand … (0 comments)
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maui real estate: Only Halfway Through? - 05/13/08 01:03 AM
In the Economist magazine, a short article argues that the housing issues on the mainland are only half over:
The pain of America's housing bust varies enormously by region. Hardest hit have been the "bubble states"?California, Nevada and Florida, as well as parts of the industrial Midwest. The biggest … (2 comments)
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