Ahihi-Kinau Reserve to be closed
July 31st, 2008
After much talk and consideration, the Ahihi-Kinau Natural Area Reserve will be closed for two years.
NATIONAL HOUSING INVENTORY DECLINES
July 29th, 2008
Well, a tiny piece of good news amongst the carnage. The national housing inventory has declined…a little.
LOUSY CASE SHILLER NUMBERS
July 29th, 2008
Standard and Poor's Case Shiller Index released it's data through May today and the news is not good:
SELLING IN TODAYS MARKET
July 28th, 2008
For an extended period of time Maui real estate seemed to avoid the slowdown in the national market, but now it has undeniably arrived. Island wide, and in South Maui, we are seeing increased inventory, extended days on market, the occasional short-sale and wary buyers.
MORTGAGE RATES SPIKE
July 24th, 2008LOUSY NATIONAL SALE NUMBERS
July 24th, 2008
The NAR has reported that existing home sales fell in June on a seasonally adjusted basis.
A DEAL IN WAILEA
July 23rd, 2008We are pleased to join the listing for Wailea Fairway Villas Q-103. This townhouse style three-bedroom, 1500+ square foot unit boasts lovely ocean views, is in excellent condition and st a list price under $1.1 million? There is a deal to be had here! For a private showing please contact us!
SOME NATIONAL DATA
July 21st, 2008
FIRST HALF WALIEA RESULTS
July 17th, 2008In the first six months of 2008, the Wailea-Makena real estate market like the larger Maui real estate market remained sluggish. 50 Wailea condominium resales were completed, which is down from the same period in 2007. Oceanfront complexes saw 19 sales while the average sales price per square foot declined 13% from the full year 2007 levels. There were 31 mauka complex sales where per square foot sales prices were flat. The change in sales mix which saw resales at Ho’olei made the mauka numbers as a group look stronger than they truly were. With over 180 units for sale in Wailea and Makena, days on market continues to lengthen and inventory must be called very high.
