Aloha,

As most of you who have followed my Newsletter for many years know, I always try to keep you updated with market trends as they transition. Frankly, the Real Estate market in Maui (and pretty much everywhere) reminds me of the weather here; you could issue one forecast and re-use it every day--temps in the mid to high 80's, mostly sunny, chance of scattered showers, light trade winds from the NE...Updates would be so redundant as to become boring; status quo has taken hold and is here to stay for the foreseeable future.

The low end of the market continues to sink as more and more short sales and REO's bring values down--you can actually buy a condo in Maui again for $100,000! The mid-range properties ($400,000 to $800,000) seem to have pretty well bottomed out and are holding, with wiggle-room when there's an offer on the table. The higher end resort properties ($1 million and above), though, have probably adjusted as much as they are going to since they are less likely to become "distressed" properties, although there are a few. That is not to say there aren't some great buys out there, because there are--prices have adjusted 35-40% across the board, and a Wailea condo that might have sold for $1 million in '06, can now be picked up for $600,000's. That, coupled with today's extraordinarily low interest rates, still makes this a great time to add Maui Real Estate to your portfolio.

This month's Featured Properties include great buys on some very elegant condos. Remember, the one in bold is this month's Best Buy:

MLS #339777--This 1BR/2BA big-ocean-view Wailea Elua unit has been on the market for some time, but just went through an amazing facelift, and is absolutely gorgeous! Don't hesitate to click on the link below to view photos of this impeccable unit. If you had seen it before, you would not believe it's the same place! Priced at 1,275,000!!!

MLS #343677--Ho'olei, conveniently located across from the Grand Wailea, continues to stand out as one of Wailea's newest and most luxurious townhome complexes. At nearly 2,400 sq. ft., this tastefully decorated 3BR/3.5BA "Maile" unit will please even the most discriminating. Rare to see a unit In Ho'olei priced under $2 million; but you can own this one for $1,875,000!!!

MLS #338095--A rare short sale available at Wailea Papali! This is a top row, end unit with excellent ocean views in Wailea's most unique Residential Condominium development, selling for less than units further down with obstructed views. With 3BR's and 3BA's of architectural decadence, Wailea Papali is in a league of its own. This one was in escrow but fell out--so here's your chance to get a great buy on a very special place--$2,500,000!!!

MLS #341765--By many estimates, Wailea Point is still the Grand Dame of oceanfront communities in Wailea. This very special 2BR/2BA unit is virtually right on the sand--a few steps out your front door and you'll be wiggling your toes in Polo Beach's finest! Not to be missed at $3,295,000!!!
Click Here to View Listings

As always, I am happy to search any special requests that you may have.  Until next month, "a hui hou" ('til we meet again)!

Mahalo nui loa (thank you very much)!