The Department of Business, Economic Development and Tourism has released the tourism results for April and they are dismal. Maui visitors declined by 7%, 9% by air, and the ATA and Aloha bankruptcies were fully felt. Maui lost 24% of its scheduled air-seats in April. Canadian visitors increased 45%. Total expenditures fell 8%. For details, contact us.

Every year, Dr. Beach, Stephen P. Leatherman releases his list of the top ten beaches in the United States and almost every year we affectionately chide him for his selections. This year is no different. Dr. Beach has declared Caladesi Island State Park in Clearwater Florida is the best beach. NONSENSE! Look below for America's best beaches!

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The NAR released their report on April home sales and the results are discouraging. The question of course is how does it impact Maui real state. Here are the key findings:

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3911 Honoapiilani Highway sits just off the highway in Maalaea. It is a 1400 square foot home, three bedrooms with astonishing views and ocean access. You are as close to the Pacific as you have always wanted to be. The home is in good condition. Here's the best part, it can be had for $1.6 million. But it won't last at that price. Contact us for more details.

Today we are announcing a huge price reduction of one of our Makena oceanfront home listings. 6980 Makena road has been reduced to $4.75 million from $6.385 million.

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At a meeting on Wednesday, the Maui County Council set the property tax rates for Maui real estate for the 2008-2009 fiscal year. The rates are as follows:

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A phenomenon regarding Maui real estate we have been describing over the past several months, the prominence of the Canadian buyer was a lead story in today's International Herald Tribune. While the article doesn't really add anything new, it does make a couple of points that are worth restating:

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In today's Wall Street Journal there is a story on how the returns on remodeling have changed. Some snippets and their implications for Maui real estate below:

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We usually don't highlight specific properties here, but this one is too good not to talk about. In the entire Wailea real estate market there are two bargains that just jump out. The most recent is a one-bedroom unit in Grand Champions that is listed for $499,000! That is the same price the seller paid in 2004. It simply won't last. The other bargain? Contact us and we'll tell you about it.