Aloha,

We hope that you and your families find health, happiness and prosperity in 2007.

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This article details the increasing focus on trophy properties in the real estate world, in this cast the $5.4 billion purchase of New York City's Stuyvesant Town and Peter Cooper Village.  Hmmm, trophy properties, maybe it has something to do with Maui after all. For example, the Makena Resort is still in the midst of its bidding process. News should be forthcoming on that over the next several weeks.

Tiger Woods apparently prefers skiing to Maui. Kind of makes one wonder, huh? Tiger will not be playing in the upcoming Mercedes Championship  next week. Oh well, I suppose we'll, have to get along with only Vijay Singh, three time defending Champion Stuart Appleby and Kapalua's own Jim Furyk. These guys are good!

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As readers continue to request some insights into new listings in the area, here is another. The first phase of Kai Malu, the residential condominium complex directly above Wailea Fairway Villas and surrounded by the Wailea Blue Golf Course, has begun closing. Kai Malu will consist of 75 duplexes (150 total units) of 1800 square feet each in a gated community with a recreation center, pool, spa, garages and other amenities. The first resale is now being offered. 54 Kainehe Place is a three bedroom, 1852 square foot, three bedroom 2.5 bath, "Honua" Model. It looks out over the ocean and West Maui across the Twelfth green and is being offered for $2.495 million.

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The National Association of Realtors reported that the number of existing home sales in November rose modestly from October while the median price was 3% lower than last November. For the Western part of the US, sales rose faster than the average and the median price fell less than 1%. What does this mean? Here are some opinions.

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Yes, it's only a single month's data, yes, these are imperfect statistics…BUT

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On December 30, the Wailea Tennis Club will be hosting the Number One Men's Doubles Team in the world! The Bryan Brothers will host a clinic, play in  pro-am and exhibition matches and sign autographs. Luke Jensen will also be making an appearance. Click here for details.

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80 Hale Alii Place in Wailea Fairway Estates is designed to bring the indoors out. With sliders in the kitchen completely opening to a large pool area, this Farrington designed home boasts three bedrooms, over 3000 square feet of living space, cathedral ceilings and a gourmet kitchen. This home is offered for $2.495 million.

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In today's New York Times, the answer seems to depend greatly on who one talks to. The entire article is here. Some economists are forecast 3% GDP growth, others are arguing  that a recession may appear in the second half of 2007, others are calling for slower growth, but not a recession. The big issue seems to be how one views the housing slowdown.

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We'll be light on the blogging updates over the next few days and we'll pick it up after Christmas.

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