February 6th, 2007
In today's Honolulu Advertiser, the story reads that Oahu's single family home median sale price in January was down 2.4% from January 2006. By comparison, Maui's single family home numbers, according to the Realtors Association of Maui, were down 9% from January a year ago. This data can only be seen to be the roughest sort of approximation. Sales in Wailuku and Kahului represented 43% of all home sales this January, where they represented only 37% last January. More expensive locations like Maui Meadows had no sales this January and five last January. Finally, Wailea's numbers would claim that median sale price is down 74% from a year ago. 74%!!! Of course it isn't true. Those statistics represent the closing of pre-construction sales on Residential Condominiums like Kai Malu and Kanani Wailea at prices set two years ago. They aren't even single family homes for crying out loud! One must really scrub the data to get the true story and understanding the mix of sales is essential to the analysis.
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February 5th, 2007
Bank of Hawaii Chief Economist Paul Brewbaker has issued the first of his quarterly reports on the Hawaiian economy. Here are his key findings:
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February 2nd, 2007
Honua'ula, the former Wailea 670, has received the recommendation of the Maui County Council Land Use Committee .
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February 2nd, 2007
It has been a pretty active week in the Wailea/Makena residential market. 367 Kualono Place in Pualani has gone into escrow. That 2900 square foot, three-bedroom home had been on the market for ninety days at a reduced asking price of $1.895 million. 3904 Waakaula, a 3100 sqaure foot home in Golf Estates has sold for $2.59 million after being on the market several times. This home looks directly into the Ho'olei construction. 3235 Pikai Way in Wailea Kai has sold for $1.55 million after only 49 days on the market. This freshly remodeled gem has three bedrooms and offers 2931 square feet of interior living space. Several new listings have also come to market that we will be featuring in upcoming posts.
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February 1st, 2007
Perhaps. Japanese billionaire Gensiro Kawamoto, who owns 147 acres adjoining the northern border of Maui Meadows has made such a proposal.
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