WAILEA CONSTRUCTION UPDATE
January 7th, 2007As those who are on island can see, there is a tremendous amount of construction going on in the Wailea area and we thought a brief update might be in order.
A FED RATE CUT LESS LIKELY
January 6th, 2007Economic news released on Friday indicated surprising strength in the job market as nonfarm payrolls grew by 167,000 in December compared to an expectation of 100,000. Job growth for October and November was also revised upward. Over the last three years, the US economy added 5.8 million net new jobs. Workers also saw a average hourly wages in December up .5% from a month ago and 4.2% over December 2005.
NATIONAL SALES DATA
January 4th, 2007More national real estate data from the NAR
JANUARY AT THE MAAC
January 3rd, 2007The Maui Arts and Cultural Center is simply an island treasure. Whether music, dance, art, film or storytelling is a passion, the MACC provides world class entertainment and education. If you're on island and don't check in regularly to see what is available, you are really missing a wonderful part of Maui life. In just the next three weeks, the Shanghai Circus, Gregg Allman, Kris Kristofferson and Willie K and Eric Gilliom, together, the Barefoot Natives, Richard Goode and others will be performing. Whether you are a fan of juggling, acrobatics, daredevilry, country music, classical, Hawaiian Contemporary or the blues, there is something for you this month at the MAAC. In addition, Warren Miller's latest extreme winter sports film is only one of the Wednesday night films that will be shown. We are frequent visitors to the MAAC and President Karen Fisher and her people do a wonderful job.
WEALTH IN 2007
January 3rd, 2007In today's Wall Street Journal, writer Robert Frank discusses what "The Year Ahead in Wealth Will Mean." The key paragraphs:
COMING OUT OF THE BLOCKS IN 2007
January 2nd, 2007Aloha!
Two properties in Wailea residential complexes have gone into escrow. 3088 Manu Hope, a garden view, 1900 square foot three bedroom home in Wailea Kai was on the market for less than a day at a price of $1,095,000 when it was snapped up. A vacant, ocean view lot in Wailea Highlands, listed for $2.150 million has also been placed under contract. That property had been on the market for over six months. Beginning 2007, there are a total of sixty-five homes and vacant lots on the market in Wailea and Makena. About ten of those are oceanfront. Forty non-oceanfront homes are listed and fifteen vacant lots. The homes are averaging under 90 days on the market, the vacant land approximately 150 days.
