It has already begun. Sophisticated sellers know the optimal time to list is the month of October. Why? Because the wealthiest visitors arrive beginning in December and they begin searching the Internet for possible opportunities 30-60 days before they arrive. In the last week, Wailea and Makena have seen eleven new listings and there are more to come.

William Poole, President of that institution gave a presentation today to the Industrial Asset Management Council Convention today. Here are some key excerpts:

Read More »

Fannie Mae Chief Economist David Berson released his weekly commentary today. His key concern? The state of the Jumbo Mortgage market. In Hawaii, that means mortgages in excess of $625,000.

Read More »

Some of our favorite economists are those at Morgan Stanley. Today they released the following tidbits:

Read More »

Over the past few weeks two properties have sold both in Kialoa. 199 Heleuma, 3000 square feet obtained a sale price of $2.175 million and 155 Heleuma received $2.295 million for its 3100 square feet. 357 Pualoa Nani in Pualani, listed for $1.999 million has gone into escrow. Presently there are approximately thirty home for sale in the area.

The Superferry should find out next week if it can continue operating while an environmental impact study is completed.  

Read More »

Disney will build a 21 acre, 800 unit resort at Ko Olina on Oahu. There are no plans for a theme park.

Read More »

We are pleased to announce the listing of Na Hale O Makena D-102. This 2200 square foot, three-bedroom luxury unit is located in Makena's quietest complex. Na Hale offers security gates, and on-site manager, a wonderful pool and spa, and concrete construction. This unit boasts granite counters, nine foot ceilings, travertine marble floors, Gaggenau appliances and designer furnishings. This unit is a remarkable value at $1.975 million. For a private showing, contact us!
Read More »

The demolition of the Renaissance has been pushed back until early 2008. A town meeting will be held in November to discuss this further. 2008 assessments have been announced as well.

Over the past few weeks the housing and financial markets have seen numerous important announcements. In no order they include solid August retail sales, limited funding for large LBO's, Alan Greenspan predicting housing prices will decline "significantly," a record set by homebuilder Hovnanian, Bank of America, Citigroup and other Wall Street firms taking major earnings hits due to dislocation in the credit markets, increased foreclosure activity, record low homebuilder confidence, of course the larger than expected Fed rate cut, declining housing starts, terrible reports on sales prices for existing homes, slowing number of home sales and ten months of for sale inventory nationally and a stronger stock market and modestly rebounding credit markets.

Read More »