Aloha!  

 

Surf's Up!  And in many ways, so is our Real Estate market!  As our high visitor season winds down (April 15th), it's interesting to compare our first quarter this year with first quarter of 2006, when we began to see the first signs of a slow-down in number of units sold.  Statistics, of course, speak for themselves, but I have seen considerably more activity over the past few weeks--more requests for showings, and a greater comfort level in general with the stability of our market here in Maui.

 

A brief overview of Single-family home and condominium sales between the two quarters reveals some interesting dichotomies.  Number of Single-family home sales have gone from 253 in 2006 to 362 in 2007 (island-wide)--an increase of 43%, while median price for the same period has dropped from $699,000 in 2006 to $651,000 in 2007.  I guess a reasonable interpretation of these stats could be that as prices have softened slightly (7%), buyers have come back to the marketplace.  Condos, on the other hand, have seen number of units sold decline from 393 in 2006 to 241 in 2007--a drop of 39%!  Surprisingly, though, median price has actually increased from $458,000 during first quarter of last year, to $525,000 first quarter of 2007, representing 15% appreciation!  I'll leave the interpretation of that one to all you armchair experts.  For you numbers junkies, click on this link to view detailed stats (17 pages worth) for the first quarter.  Pay special attention to pages 10 and 11

Adobe Acrobat File.

 

Here we go with this month's Featured Listings and Best Buys:

 

MLS #321161--A tastefully decorated 1BR/1BA vacation rental condo with excellent ocean views and solid rental history in the popular Kihei Akahi complex in south Kihei.  Located directly across from one of Kihei's most popular beaches and within walking distance of shopping and dining, this unit is well-priced at $445,000!!!

 

MLS #318711--Looking to own in Wailea at a price we haven't seen for nearly two years?  Try this 900 sq. ft. 1BR/2BA vacation rental unit at the popular Grand Champions property, surrounded by golf course and a short walk to the fabulous Shops at Wailea.  Located near the pool, fully furnished and ready to go, this unit has been recently reduced to $630,000!!!

 

MLS #323574--Just listed--this fabulous 2BR/2BA recently remodeled condominium with stunning panoramic ocean views from south of Molokini to the west Maui mountains!  Wailea Ekolu continues to be one of Wailea's most popular properties; $1,195,000!!!

 

MLS #322033--How about a single level, 2,157 sq. ft. 4BR/3.5BA 3-year-new single-family home on a 10,000+ sq. ft. lot with big ocean views, located at the gateway to Wailea in south Kihei.  You'll love the floor plan and amenities, including maple cabinets and granite countertops--priced to sell at $1,200,000!!!

 

MLS #321038--One of Wailea's true jewels (I can't understand why this one hasn't sold) located in the gated community of Wailea Pualani, this brand new 4BR.4.5BA designer home boasts the fine finishes you'd expect of a home of this genre.  Truly one of wailea's best buys at $2,495,000!!! 

Simply click on this link Click Here to View Listings  to view photos and details on these fine properties.

 

There truly are some good buys in various complexes around the Kihei and Wailea area, with price reductions in excess of 10% from last year's highs.  Feel free to give me a call and I can fill you in! 

 

Mahalo nui loa!