Aloha, and Welcome to 2007! 
Now that the holidays are behind us (whew!), I'm looking forward to what I think will be a very good year for Maui Real Estate sales. I was going to begin this year's Newsletter with a statistical report, but I've decided to wait until next month when all our 2006 year-end numbers will be in. As a little teaser, though, I will mention that November's stats are quite interesting; i.e., median price for single family homes was down about 18% from November of last year ($598,000 compared to $734,000 Nov. of '06), but # of units sold were up from 86 in November 2005 to 109 in November 2006--totally against the grain of most markets around the country. Condos, on the other hand, actually report a higher median than last year ($515,000 compared to $469,000 last year), but # of units sold are down from 147 a year ago (Nov.), to 66 this past November. It doesn't take a rocket scientist to draw a relationship between price and # of sales, and speaks well for the continuing high demand for Maui properties.
A word about the "Featured Listings" segment of my monthly newsletter...I really do try to select what I consider to be a "best buy" from several options, based not only on price, but how a particular property may compare to other "like" properties; taking into consideration upgrades, views, "wow" factor, etc. Not all of my Featured Listings are my personal listings; they may be properties listed by other Broker's that I would be able to represent to you as a Buyer's agent. Having said all that, here are this month's "Featured Listings":
MLS #321161--Looking for a great ocean view vacation rental located across the street from one of south Maui's most popular beaches? The owner's hand-selected upgraded furniture package make this one a real winner! Excellent rental history and income will help defer some of your costs while you enjoy pride of ownership with this 1BR/1BA beauty! $485,000!
MLS #318629--Please do not consider this fabulous condo unless you can handle one of the most panoramic, sweeping ocean views in Wailea. This upstairs 2BR/2BA Palms at Wailea unit has never been in a vacation rental program (although it could be and would do quite well), and the pristine condition of the property reflects it's pampered history. With views like this, truly a best buy at $1,545,000!
MLS #318897--Wanna get away? You'll fall in love with this nearly-new 3BR/2.5BA residential condo (no vacation rentals) in a quiet gated community in Makena. Designer touches abound; concrete building affords privacy and security; low density (only 40 units in complex) and large, tropical pool, spa, and workout area complete the package (did I mention the ocean views?). $2,450,000!
MLS #320869--Stunning ocean views, luxurious pool, fabulous architecture, amenities to die for...need I say more about this 2,935 sq. ft., 3BR/2.5BA gorgeous custom home in one of Wailea's most prestigious Gated Communities, well priced at $1,999,000! Some of Wailea's truly "best buys" are in single-family homes!
Wishing you the best, 'til next month,
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 |
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