Aloha to All! 
Well, we're getting the same dose of unusually warm weather that seems to be affecting many of you on the mainland--our temps in the low 90's and humidity a little higher than normal. We're expecting the return of our tradewinds tomorrow, which will cool things down and maybe bring in a few showers (the warm, tropical kind).
How's our real estate market doing? Things here are always a little different than more "traditional" mainland markets (ours being a vacation/resort market). A serious reduction in number of transactions supports the trend towards a slow down, but we are still not seeing huge (some--but not huge) reductions in prices, nor do I think we will. Motivation on the part of sellers is not as great as your local community may be, but I am seeing many sales closing from 3% to 10% under asking price. So, if you're looking for a good buy in Maui real estate, now is the time to demonstrate your good negotiating skills; you may be pleasantly surprised with the results!
And, speaking of good buys, here are this month's Featured Listings:
MLS #319123--This 2BR/2BA 883 sq. ft. ground floor condo has an excellent long-term rental history ($1500/month--vacation rentals not allowed here). At $335,000, this is the lowest priced unit in the Haleakala Gardens complex. Listor is owner, and motivated!
MLS #319529--A fabulously remodeled 2BR/1BA vacation-rentable unit that recently rented long-term for $2,200/month, boasts all new cabinetry, granite counter tops, designer tile throughout, glass block shower, and more! This unit was listed for $100,000 higher earlier this year, but is now truly priced to sell (a steal) at $459,000!!!
MLS #318711--If you're looking to buy into Wailea, here's a great 1BR/2BA unit at the popular Grand Champions complex, located near the pool with an excellent income/vacation rental history, ready for your offer with an asking price of $658,000!
MLS #318897--One of Makena's secret treasures is the exclusive gated community known as Na Hale O'Makena, with easy beach access, a fabulous pool and spa area, and top-of-the-line finishes in this low-density (44 units) property. These units are only three years old; this particular unit is in immaculate condition and priced at $2,575,000!
And, finally, 10 re-sale units being offered at the prestigious, acclaimed, and recently completed Wailea Beach Villas, combining the amenities of a hotel with the features of a world-class condominium complex, with direct beachfront location. Units are starting at $2,495,000 for a 2BR 1,900+ sq. ft. Penthouse unit, to a high of $7,900,000 for the ultimate in private villa elegance. MLS #'s 319587, 317888, 318737, 318714, 319277, 319411, 318388, 317959, 318358, 318966.
Please continue to enjoy a safe and pleasant summer season.
Mahalo nui loa!
Michael Blaz
(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 | | 
