RECENT BLOG POSTS
0
Comments
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 foo...
07/17/2008
0
Comments
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 ...
07/15/2008
3
Comments
As you may know, mortgage lender Indymac has been seized by banking regulators. This is the latest and most visible of the woes facing the mortgage market. IndyMac Bank, a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators, in the third-large...
07/13/2008
0
Comments
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...
07/13/2008
0
Comments
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 ...
07/11/2008
0
Comments
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 nearly 180 c...
07/09/2008
0
Comments
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 li...
07/07/2008
0
Comments
The Wailea Community Association has released its latest construction update and here are the key items: Renaissance Wailea demolition may begin in early 2009; Mass excavation, including blasting may begin in early 2009 and would last 10 months; Ulua/Mokapu Beach improvements, 22 parking spaces...
07/02/2008
0
Comments
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 ...
06/30/2008