We had a wonderful caravan this morning with a couple of new listings that are worth noting. 199 Heleuma Place in Kialoa is an older, 3000 square foot, one-story home with pleasant ocean views in immaculate condition. That is listed for $2.35 million. Very well priced. 3145 Waiea in Wailea Kai offers unusual privacy and again is in immaculate condition. This home is built around a lovely pool and is listed for $1.585 million. In Maui Meadows 1036 Keha is a nice cottage and pool (no main home) set looking at one of the most beautiful views you will ever see. Views to forever. That is listed for $1.45 million. Finally, several units in Kanani Wailea were shown. The deal in that complex continues to be 111 Poailani. Two stories, 2300 square feet, granite, Sub-zero, two car garage and extraordinary ocean views for $1.599 million. That is only $675 per square foot.

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The market for homes in Wailea and Makena continues to be very active. This week two more homes have gone into escrow, both in Wailea Kialoa. Both likely received a price close to their asking levels, which reflected today's market conditions. In addition, 210 East Ikea Moku in Wailea Kialoa closed for $2.3 million after being listed for $2.45 million and 3875 Waakaula in Wailea Golf Estates closed for $2.35 million after being listed for $2.5 million. Finally, two new listings have come to market. 5083 Makena Road, 2500 square feet, three bedrooms and spectacular views of Puu Olai is asking $4.25 million while 165 West Ikea Moku in Kialoa is asking $2.65 million. This single story home has a bit of an ocean view, 3200 square feet, a lovely pool and an unusually large kitchen.

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Today's research from Wall Street behemoth Morgan Stanley offered some interesting tidbits. 

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According to Ziprealty, a search of 18 major cities across the US shows a significant increase in the number of homes listed for sale.

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The Water Department is seeking to raise rates and divide consumers into three classes.

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The Radian Group released a report last year on Housing Trends Among Baby Boomers. Some of their findings have importance for the Maui market. Here is a quick synopsis:

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March saw four Wailea home closings at a median sale price of $2.148 million and a per square foot average of $942. In the same month last year only a single property closed. The closing of a home in Wailea Highlands for $9.3 million, over $1600 per square foot certainly set the tone.  More homes closed in March than condominiums, a strange occurrence.

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As we have said before the MACC  is one of Maui's treasures. If you haven't been, you'll find something you like. In the next few months here are some things we'll be sure to attend:

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