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Lahaina, HI Real Estate News

By Barbara Potts
(Aloha Realty Group)
Presented by AlohaPotts with Aloha Realty Group Issue 34, Q1, 2014   Aloha from your resident experts! In the first quarter there were 4 units sold – 3 one bd units and one 2/2 downstairs unit facing the large pool and hot tub, which sold for $395,000. The one bedrooms sold for $269,000 - $290,000. The slower sales pace for 2 bedroom units has surprised us. Our inventory for 2 bedroom units has grown to eight 2/2 units and one 2/1 unit.  Six of the 2/2 units are upstairs. There is only one 1 bedroom condo listed, priced at a hefty $329,000.  The two bedroom units are priced between $377,500 and $439,000.   The occupancy levels appear to be excellent; it’s difficult to show the active listings because they are almost always occupied when we receive requests to show. We sometimes need to ...
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
A new Residence has just been listed at the Montage Residences Kapalua Bay. Residence 2602, listed at $4,600,000, is the first condominium offered for resale at the Residences since 2011. Originally branded the Ritz-Carlton Residences at Kapalua Bay, the developer sales began closing in 2009 and ended in 2011.  The Residences are some of the largest condominiums offered for sale in Maui, with floorplans ranging from 2789 sq. ft. to 4055 sq. ft.   The Residences at Kapalua Bay Sales History:  There has been only one resale, 1305, which closed at $2,850,000 in 2011.  Original developer sales prices ranged from $2,800,000 to $5,735,000, the highest price paid for a condominium in West Maui.   Over the past decade there have been close to 40 condominium sales over $5,000,000 on Maui.  Sale...
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
The Kapalua Wine and Food Festival Tickets are now available for the 33rd Annual Kapalua Wine and Food Festival, June 12-15, 2014 in Kapalua, Maui. For the first time in almost a decade the festival’s popular Friday night Grand Tasting will return to Kapalua Bay, hosted by the new Montage Kapalua Bay.  The Montage Hotel and Residences Kapalua Bay is located on the grounds of the old Kapalua Bay Hotel, overlooking Kapalua Bay.  Formerly the Ritz-Carlton Club and Residences, the once private members only property is now open to the public, with sales of the Montage Residences Kapalua Bay are expected to relaunch this spring.  The Grand Tasting will feature restaurants in the Kapalua Resort, including Sansei, Plantation House, Merriman’s, Pineapple Grill, Kai Sushi, the Terrace at the Rit...
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
Kapalua Real Estate Market Update through February 2014: The Kapalua Resort continues its transformation for the positive with new ownership groups now in place for the resort's two most prominent properties, the Ritz-Carlton, Kapalua and the Residences at Kapalua Bay. Over the past few years, the two anchor properties of the resort were foreclosed on by their respective lien holders, the Ritz-Carlton, Kapalua Hotel (Lehman in 2011) and the Ritz-Carlton Club and Residences, Kapalua Bay (Island Acquisitions in 2013).  The following is an update on these properties, as well as a year to date summary of the Kapalua condominium, residential and vacant land resale market: The Ritz-Carlton, Kapalua and the Residential Suites at the Ritz-Carlton, Kapalua:On February 27, 2014 the Ritz-Carlton,...
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
02/11/2014 the following property faces foreclosure today at noon by their respective lien holders.  50 Puu Anoano street 3803 Kaanapali, Maui Hawaii 96761 for the sum of $472,000.00 with a thirty to ninety day ricght of confrimation hearing to follow. Property reverted back to the bank. 
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
The Kapalua Resort 2013 Year End Market Report is now available When examining 2013 as it compares to 2012, it's noteworthy that there were fewer sales, at higher average prices and a significantly higher sales volume. In reviewing the last decade, the number of sales peaked in 2004, while the peak of the market in terms of average sales prices and volume was in 2006/2007.  The question everyone has asked since the peak, is when is the bottom.  In reviewing the data it appears that for Kapalua real estate, it was in 2012. Highlights: Kapalua Real Estate: 53 sales in the resort, at an average sale price of $1,744,620 with a total sales volume of $92,464,906 Kapalua Homes: 12 sales at an average sales price of $3,656,075 Kapalua Land: 7 sales at an average sales price of $1,098,000 Kapalu...
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Presented by Aloha PottsIssue 32 – Q4, 2013   Aloha! from your Resident Experts!   At year end there were 7 active listings, only one of which was a 1 bedroom unit, and that unit is in escrow at this time. For the first time in a while, we have more upstairs 2 bedroom 2 bath units for sale than any other category.  As of 1/13/14 we have 8 active listings, of which there are: one 2/1 downstairs priced at $379,000, two 2/2 downstairs units both priced at $399,000, and five 2/2 upstairs units priced from $377,500 to $439,000.        We only had one closing in the 4th quarter – a one bedroom downstairs unit that closed for $259,000.  One 2/2 upstairs unit that has been listed for 67 days was recently reduced to $377,500, so we expect that unit to go into escrow soon.  There is also a 2/2 do...
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By Lee Potts, The smarter we work, the luckier you get.
(Aloha Group Maui)
Kaanapali Shores BulletinIssue 26/27, Q4 & Year in Review- Summary 2013       Aloha!     There were about 30% fewer sales in 2013 than in 2012.  That wasn’t for lack of interest.  Anyone following real estate news knows the refrain, “inventory is down, prices are up.”   Of the 3 major categories, studios, one bedrooms and two bedrooms, the most popular category, 1 bedroom units, had the smallest median selling price increase.  They were up 8% to $400,000 for the year.  But sales gained momentum and selling prices surged in the fourth quarter.  The median selling price for a 1 bedroom ocean view unit hit $465,000.  Additionally, there were 11 one bedroom condos for sale in Q4; today there are only 7, and the median asking price is a respectable $535,000.   Momentum for 2 bedroom units is...
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
1/17/2014 the following property has faced foreclosure today by their respective lien holders at Hao Pililani Hale at the court house steps in Wailuku.  866 S Hakau Place Lahaina, HI. 96761 for the sum of $882,670.32 with a thirty to ninety day right of confirmation hearing to follow. The property revert back to the bank. 
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
1/9/2013 The following properties are facing foreclosure by their respective lein holders.  96 Kahele Street Kihei, HI. 96753 for the sum of $271,000.00 with a thirty to ninety day right of confirmation hearing to follow. Property reverted back to the bank. 3575 Lower Honopiilani Road Lahaina, HI 96761 for the sum of $000,000.00 with a thirty to ninety day right of confirmation hearing to follow. Property reverted back to the bank. Postponed until further notice or on  3/20/2014
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By Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info
(Hawai'i Life Real Estate Brokers)
Silent Saturday - Lahaina Maui Hawaii - sunset over the ocean Just another lovely peaceful evening in beautiful Maui Hawaii.  How was your day? Search for West Maui real estate listings here. Oceanfront Maui real estate for sale - search the Maui MLS. Buying or selling a home on Maui?  That's what I do.  Let me help YOU. Call or text me 808 283-0635 ~ EMAIL  Georgina M. Hunter Maui Realtor(S) e-Pro    Search the Maui MLS listings here   Aloha from Maui... 
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
12/17/2013  The following properties are facing foreclosure by their respective lien holders.  Today at Hao Pililani Hale at NOON.  120 Hui Rd F I - 15 Lahaina, Hawaii. Maui for the sum of $282,061.74 with a thirty to ninety day right of confirmation hearing to follow. Sold back to the bank. 
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
12/02/2013 The following properties are facing foreclosure today at noon. By their respective lein holders.   525 One Street Kahului, HI. 96732 for the sum of $391,000.00 with a thirty to ninety day right of confirmation hearing to follow. Bought back by the bank.  Portion of Apana Lahaina HI 96761 for the sum of $31,001.00 with a thirty to ninety day right of confirmation hearing to follow. Bought by the public. 
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
11/27/2013 Foreclosure Wednesday Novermeber 27th 2013 The following properties face foreclosure toda by their respective lein holders. Noon at Haopili Hale Main street wailuku. At the footsteps of the courthouse building. 34 Akeu Place Kihei, HI 96753 for the sum of $000,000.00 with a thrity to ninety day right of confirmation hearing to follow. Property was bought back by the lien holder or bank. This was a NO SHOW!  104 (LWBR) Lower Waiehu Beach Road  A-426 Wailuku, HI. 96793 for the sum of $000,000.00 with a thrity to ninety day right of confirmation hearing to follow. Property was bought back by the lien holder or bank. Postponed until further notice. 3575 (LHR) Lower Honopililani Road  Lahaina, HI. 96760 for the sum of $000,000.00 with a thrity to ninety day right of confirmation h...
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
THE RESIDENCES AT KAPALUA BAY: OVERVIEW AND MARKET UPDATE, NOVEMBER 2013 The Residences in Kapalua Bay opened their doors in 2009 as part of the Ritz-Carlton Club and Residences, replacing the iconic Kapalua Bay Hotel.  This stunning resort is situated on over twenty acres overlooking Kapalua Bay, a charming white sandy crescent.  The Residences at Kapalua Bay are located on one of my favorite spots on the island of Maui--I have fond memories of coming to Kapalua Bay as a child before the original Kapalua Bay Hotel was even built.   The timing of the release of the Residences at Kapalua Bay coincided with the downturn in the real estate market here in Hawaii.  In early 2013, the property was foreclosed on by a lender based joint venture, who appointed Montage Hotels and Resorts as the m...
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
The Kapalua Resort 2013 Real Estate Market Update | 3rd QTR     I'm pleased to announce the release of the 2013 Kapalua Resort Real Estate Market Update, which delves into the Kapalua Resort real estate market and includes updates on the various communities within the Kapalua Resort.  You'll find statistics and data on the following condominium properties:  The Bay Villas, The Ridge Villas, The Golf Villas, Coconut Grove, Ironwoods, Residences at Kapalua Bay, Residential Suites at the Ritz-Carlton, Kapalua, as well as Residential neighborhoods of Pineapple Hill, Pineapple Hill Estates, Plantation Estates and Honolua Ridge.   You'll find the complete set of stats and more information in my Maui Real Estate Newsletter. The newsletter compares the market through the third quarter of 2013 w...
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By Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info
(Hawai'i Life Real Estate Brokers)
Outrigger canoe at the Kaanapali Shores in West Maui It's getting to be that time of year again, when visitors flock to Maui to enjoy some sunshine and warm water.  Kaanapali Shores is a popular location right on the ocean in the Lahaina vicinity.  They have over 460 condo rooms with hotel amenities and service.  Some rooms come with kitchens so you can prepare your own meals.  You could own a room here! Currently there are 11 Kaanapali Shores condos for sale, ranging in price from $225,000 to $1,670,000.  Kaanapali Shores Resort - 3445 Lower Honoapiilani Road Lahaina, HI 96761  Search Maui MLS - Lahaina and West Maui homes for sale Search Maui Condos for sale by building name! Buying or selling a home on Maui?  That's what I do.  Let me help YOU. Call or text me 808 283-0635 ~ EMAIL  G...
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By Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info
(Hawai'i Life Real Estate Brokers)
Halloween in Lahaina Maui 2013 - schedule of events By far the most popular Halloween location on Maui, Lahaina really blows out all the stops for October 31st celebrations.  Restaurants and bars will be busy and offering plenty of specials all night. Front Street Closed to traffic from 3:30 to midnight.  Get out there and strut your stuff!  Be sure to wear a costume or you're a party pooper! Keiki Costume Parade at 4:30 pm.  This year marks the 35th Annual Keiki Costume Parade for all the kids to show off their costumes. Costume Contest - register at Pioneer Inn Shops.  On stage under the Banyan Tree. 6:30-9:30 pm - music with DJ Ron - 007 Productions 7:00 - 9:00 pm - costume contest 9:30 pm - costume contest winners announced Campbell Park - Official Halloween in Lahaina 2013 T-shirts...
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By Lee Potts, The smarter we work, the luckier you get.
(Aloha Group Maui)
Kaanapali Shores BulletinIssue 26, Q3- 2013   Aloha! There were a total of 21 units on the market in the 3rd quarter of this year, 2 of which sold during the quarter, and 5 of which were pending at the close of the quarter.   During Q3 of 2012, we had 42 listings, twice the number that we had in Q3 of this year, and at the end of the quarter last year we had 35 active listings, compared to 10 at the end of Q3 this year.   The market for Kaanapali Shores condos is stabilizing; we now we have over 14 months of inventory.  At the end of Q3 2012, we had 35 active listings and 5 sales in the quarter, so at our sales pace of 1.667 per month in Q3 2012 we had over 20 months of inventory available for sale –so the picture is improving. The sales that occurred this quarter (fee simple) included ...
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By Barbara Potts
(Aloha Realty Group)
Presented by Aloha PottsIssue 31 – Q3, 2013 Aloha! from your Resident Experts! Of the 9 listings in the 3rd quarter of 2013, one was canceled and 3 were sold, leaving 5 active listings. Sales prices are steadily increasing – even a one bedroom short sale closed for $250,000 after being on the market for 647 days.  The asking prices for 2/2 units have increased around 16% since the same time last year.  The latest closing for a 2/2 unit at $375,000 also represents about a 16% increase from last year’s Q3 high closing price for a 2/2 of $324,000. Today we still have a 1 bedroom listing for $279,000 and a 2 bedroom 1 bath unit listing for $345,000.  The 3 two bedroom 2 bath units are listed at $399,000 and $410,000 (two units listed at the same price).  So we have broken the $400K barrier ...
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