Aloha!
Yes, we are having a rare "rainy day in Paradise" today--actually a much-needed rain--a perfect day to be inside writing a Newsletter! The last couple of nights the tradewinds have turned noticeably cooler, making for a most pleasant sleeping environment. Come visit and see for yourself!
Analyzing sales statistics can be a daunting task when samplings are small like they are in Maui. Some times one or two sales can skew the numbers in a given category, plus we have several projects that are closing escrow now and flooding certain price points with closed sales. While median prices and number of units sold are down on certain parts of the island, sales in the Kapalua and Wailea area (high-end) have actually increased, with an insignificant change in median price from this time last year. As I have said many times, there is only so much Maui Real Estate to go around, and seller motivation for what are often second and third homes is not as great as you might see with primary residence sales. There are some good buys, relatively speaking, and sellers are, as a rule, more willing to look at offers, but we are still not seeing (nor will we) wholesale price reductions.
Here are this month's Featured Properties for your consideration:
MLS #321161--Although this listing is currently showing as "Canceled", it will be coming back on the market at the end of the week. The seller of this property is very motivated and will consider offers. Kihei Akahi is a vacation rental complex located across the street from the fabulous Kamaole II beach. This 1BR/1BA nicely appointed ocean-view unit books very well and boasts over an 80% occupancy rate. Price will be reduced to $439,000 when re-listed, but don't be afraid to MAKE AN OFFER!!!
MLS #324695--Kamaole Sands has long been one of Maui's most popular vacation rental complexes, boasting a great south Kihei location and access to one of Maui's finest stretches of white sand beach. This 2BR/2BA, 1,188 sq. ft. condo has been extensively upgraded and offers nice ocean views; ready for a new owner at $769,000!!!
MLS #327049--JUST LISTED!!! Looking for a great 3BR/2BA single level family home with upgrades including granite counter tops and hickory wood cabinets in a newer south Maui subdivision with a separate unit for rental income? Try this one on for size at $998,000!!!
MLS #327037--JUST LISTED!!! Polo Beach Club is one of the most sought after direct beachfront properties in the Wailea/Makena area, and this very well-priced fifth floor unit has just come on the market. Nicely upgraded, this 2BR/2BA nicely upgraded unit with unobstructed ocean views that are sure to please even the most discriminating, boasts an excellent vacation rental history. Whether you're looking for income property, or that special second-home getaway, you'll be delighted with Polo Beach Club, priced at $2,695,000!!!
Have any special needs or requests? As always, send me an e-mail with your questions or requests and I will always do my best to provide you with the most current information available. It is my goal to be your Maui Realtor for life!
Mahalo, and warm regards,
Michael Blaz, ABR, CRS
Realtor/Broker
(808) 283-9093
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This information provided by:
Michael Blaz, ABR, CRS
Realtor/Broker
(808) 283-9093
Wailea Realty
(808) 879-1991 x45 |
