STATE OF THE ART RESEARCH AND MARKETING
July 10th, 2007Tom and Sean are pleased to announce their latest piece of research SELLING MAUI REAL ESTATE. This twelve-page, proprietary piece of research contains the latest information from various demographic and real estate research organizations and applies it specifically to Maui. The second half outlines THE LEADING EDGE Marketing approach which has been designed in direct response to this research.
THE WEEK FOR WAILEA RESIDENTIAL
July 10th, 20074460 Makena Road, a .22 acre vacant parcel has sold for $4.2 million. Lot 11 at One Palauea Bay, an acre listed for $3.75 million has gone into escrow after almost two months on the market.
MORE BAD PRESS
July 10th, 2007The negative drumbeat continues in the national press. Two major pieces of bad news today. First S&P announced that it may downgrade $12 billion of securities backed by sub-prime mortgages
BACCARAT WAILEA
July 9th, 2007Located on the site of the present Renaissance Wailea, Baccarat Wailea is the latest development by Starwood Capital and its founder Barry Sternlicht. The project is designed to offer a five-star experience. There will be 193 units in thirteen buildings set on 15 acres. The units will be the kind of quality one would expect of a new Maui beachfront development. The complex will include a large spa, two restaurants and amenities superior to those available anywhere on Maui. Private butlers etc. There will be adults and children's pools, a health club and of course the beautiful beachfront. A site plan is available here. Floorplans and descriptions can be obtained by clicking here for beachfront, here for the central resort and here for the upper resort. The 1,2,3 and 4 bedroom floorplans are all very, very large. This unique product will commence sales in two weeks and prices range from $1.8 million to over $ 9 million.
LOOK FOR MORE CANADIANS
July 7th, 2007One of the themes we have been harping on has been the increase in Canadian visitors to Maui. Well, this trend can only help.
CRACKDOWN COMING ON VACATION RENTALS
July 5th, 2007This could be important news for Maui property owners.
GOOD OAHU NEWS
July 3rd, 2007Given the ongoing negativity on the national housing market, it is nice when good news closer to home comes out. Oahu's June real estate numbers are out:
NATIONAL PENDING SALES REPORT
July 3rd, 2007The National Association of Realtors has released its latest Pending Home Sales Index. The way the headlines are reporting the news, it is another ugly piece of data for the housing market. CNN is headlining it Home sale index hits 6-year low
JUNE RESIDENTIAL RESULTS
July 1st, 2007June was unusually busy this year for Wailea-Makena homes. Four homes sold and three others have gone into escrow. The data points are too few to draw pricing conclusions but we will have our mid-year analysis ready this week. Forty Wailea-Makena homes remain for sale. At current absorption rates, that represents approximately 12 months of inventory.
