Aloha,

Unusually warm weather for this time of the year has been the story for the past few weeks--great for our many visitors escaping their winters on the Mainland--but a bit disappointing for us locals who look forward to some cooler days and nights in February and March. Guess those sweaters will just have to stay in the drawer for another year!

As reported last month with statistical updates from 2010, our number of sales are definitely on the rise, with the trend seeming to continue for 1st Quarter 2011. Nonetheless, there are still some great opportunities to buy out there, if you're selective and working with a good Realtor who knows the territory (I just happen to know one...).

I often get asked about direct oceanfront condos, so this month's Newsletter is dedicated to direct oceanfront, ocean view, Fee Simple, 2+BR, vacation rentable condos under $1,000,000 (actually starting at $364,500)! My search revealed 23 Fee Simple condos in south Maui that meet this criteria. I have mentioned four of them as this month's "Featured Properties", but so that you could see them all, when you click on the link below you will have access to all 23!

MLS #346876--The least expensive 2BR/2BA oceanfront condo in south Maui is located in the popular Menehune Shores complex, known for its manicured grounds, great rental history, and convenient restaurant and bar right on the property! This one is a short sale and will require lender approval, asking $364,500!!!

MLS #347048--Maui Sunset loyalists will appreciate the location and amenities offered with this 2BR/2BA unit. A sandy beach awaits you as you step out of your unit, which can be yours for $525,000!!!

MLS #344993--Considered by many to be the "Jewel" of Maalaea, this snazzy Maalaea Kai unit has been extensively upgraded and is sure to please even the most discriminating--featuring Travertine and Limestone floors, African Mahogany cabinetry and exotic granites throughout. You won't overpay at $725,000!!!

MLS #346351--Moving south to the Gateway to Wailea, this sixth floor Mana Kai unit sits atop one of Maui's finest stretches of sandy beach, was remodeled in 2010, and includes amenities such as an excellent restaurant, deli and sundry store, and a freshly re-tiled pool area! Rare to see units under $1 million here, but this one's being offered at $949,000!!!
Click Here to View Listings
 

I wholeheartedly believe that this will be the year (in Maui) remembered as the time when the market began to change, and the "bottom" was reached. Unfortunately, the only way we will ever know when prices hit bottom, is when they begin to creep up again. Right now sellers are still negotiable and have not yet dug their heels in on behalf of a gradually appreciating market. Remember, you heard it here first!

Warm regards, and Mahalo Nui Loa (thank you very much) for following my Monthly Newsletter!

Michael Blaz
(808) 283-9093
 

This information provided by:
Michael Blaz, ABR, CRS
Realtor/Broker

Wailea Realty Corp.
(808) 283-9093
TEAMWailea.com