maui real estate: Maui Real Estate Advisor - May/ June 2012 - 07/03/12 10:48 AM
 
 
Maui Real Estate Advisor
      Presented by Aloha Realty Group
      Issue 50, April/May  2012
April/May 2012 Sales Statistics
 

 
 
While the cat’s away
In case you were on pins and needles waiting for the May edition of MREA, there’s a really good reason you missed it.  I didn’t write one.  Instead we were off running around Europe.  We visited my son in Prague and I tried to run another marathon.  We visited some wonderful friends in Austria and finished up in Barb’s ancestral homeland, Hungary. 
 
If you are “friends” on Facebook, you may … (0 comments)

maui real estate: Kaanapali Shores Sales Statistics - Year-End 2011 - 01/06/12 11:58 PM
 
Aloha!
 
Condo sales on Maui increased slightly in 2011 over 2010.  Condo sales in Kaanapali, however, were down by 30% and it was a slow year at Kaanapali Shores as well.  And while Kaanapali Shores may be the best value in the whole area, sales were down and prices were down in every category.
There were 3 studios sold in ’10. That dropped to only 2 last year, and both of those units sold early in the year.  There are currently 12 studios for sale including leasehold units.  Showings do seem to be picking up.
One bedroom units didn’t … (2 comments)

maui real estate: AlohaPotts.com receives the Best of Lahaina Award for 4th consecutive Year! - 09/14/11 01:02 AM
 

For the fourth consecutive year, we are pleased to announce that Alohapotts.com, Inc. has been selected for the 2011 Best of Lahaina Award in the Real Estate Agents category by the US Commerce Association (USCA). This is the first year that a business has qualified as a Four-Time Award Winner. Our selection as a 2011 Award Winner is a reflection of the hard work of not only ourselves, but of many people that have supported our business and contributed to the subsequent success of our organization. A big, warm MAHALO goes out to our clients and agents that contributed … (1 comments)

maui real estate: Maui Real Estate Sales Report - 08/16/11 01:33 PM
Based on data from the Maui MLS, the Maui News reported that sales of single family homes on Maui are up while prices are still slumping.     But does the same hold true if your home is in Kaanapali?  What about home sales in Lahaina?  Prices and sales vary wildly by neighborhood on Maui.  Find out what’s happening to real estate values in your Maui neighborhood at the Maui Real Estate Advisor.
 
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Lahaina Lee Potts
Aloha Realty Group.com
Aloha Potts.com
 
(1 comments)

maui real estate: Real Estate Sale Report Maui - 08/15/11 01:33 PM
The Maui News reported that, half way through the year, sales of condos on Maui were down and prices were off by 23%.  If you believe that then you are only getting part of the real estate picture on Maui.  Find out the real facts and why one condo complex, Honua Kai, skews all the Maui real estste statistics from the Maui Real Estate Advisor.
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Lahaina Lee Potts
Aloha Realty Group.com
Aloha Potts.com
(0 comments)

maui real estate: Maui Real Estate Trends - 08/14/11 03:02 PM
We’re more than half way through the real estate year in Maui and what kind of trends are being reported?  According to the Maui News, based on information from the Maui MLS, single family home prices are down but sales are up. Condo sales are sales are down and prices are way down. 
 
 
But if you think those numbers apply to your Maui neighborhood or your Maui condo complex you would probably be way off.  Get the facts from the Maui Real Estate Advisor.
 
Lahaina Lee Potts
Aloha Realty Group.com
Aloha Potts.com
 
   
 
(0 comments)

maui real estate: Mixed results for real estate on Maui - 07/07/11 08:39 PM
The next edition of the Maui Real Estate Advisor will be out soon, I promise.  In the meantime I thought you might be interested in the report that appeared in the Maui News today.
 
Terry Tolman, the executive director for Realtors Association of Maui reported that single family home sales were up compared to the first 6 months of last year.  Median prices were down about 5%.
 
Condo sales were down when compared to the same period last year.  Median prices were off by 24%.  That sounds horrible, however the article fails to mention that last year’s prices were … (0 comments)

maui real estate: Maui condo prices rebound? - 08/08/09 12:11 PM
Maui luxury condos lead the way
 The Maui median condo price bounced back in July, buoyed by closings at the luxury end of the price spectrum. These included 2 units at Hoolei in Wailea and 3 at the Palms of Manele on Lanai.  The Palms units each sold for exactly the same price, $1,875,000.  The asking prices on those were all over $2.3 million.
The sales median was also helped by several closings at Ke Alii Ocean Villas, a new upscale development in south Kihei.
All told, there were 11 sales above $1 million and 11 sales below $250,000.
With only … (0 comments)

maui real estate: Hawaii's top economist says real estate has hit the bottom...Kind of - 08/08/09 12:27 AM
Last month we told you that ringing sound was the market hitting bottom.  Well Paul Brubaker, Chief Economist for the Bank of Hawaii (America's #1 Bank), professor and all around smart guy, says the same thing... almost.
Paul spoke at the Realtors Association of Maui quarterly meeting.  His market forecasts over the last several years have been extraordinarily accurate.  It's like he's got a crystal ball or something.  You can see his entire presentation at http://yourwebcast.com/ram/brewbaker09.htm.  If you can't open it, send me an email and we'll figure it out.
The short version is that the single family home market has … (0 comments)

maui real estate: Aina Nalu H 103 - 07/18/09 09:37 PM
Lahaina's premiere boutique condominium, Aina Nalu, complex at half price?  No way!
WAY

See the video.
THIS IS A 50% INTEREST LISTING. This fabulous vacation home in the heart of Lahaina provides you with lots of options. Did you ever dream of owning property in Maui, but thought it was out of reach?  Imagine coming to your own luxurious condominium in the heart of warm Lahaina.  You can take a dip in your pool, walk to the nearby restaurants and then relax at home.  If you thought it was out of reach, think again. 
  

Aina Nalu H 103 is located on … (0 comments)

maui real estate: Maui prices down according to USA Today - 05/01/09 10:54 PM
This article appeared in USA Today yesterday.  That's confusing. 
In any event, University of Hawaii economist, Byron Gagnes, and the executive director of the Realtor's Association of Maui, Terry Tolman, are quoted in a discussion of what's happening to prices in paradise.
The Reader's Digest version is that Maui prices are down and Gagnes and Tolman appear to be in agreement that prices are not yet at the bottom.  In a follow up telephone interview Tolman claimed he was misquoted.
It's news reports like this that usually indicate we are at or near the bottom.  In fact it's these kinds of … (0 comments)

maui real estate: Maui Condo Sales Stats 2008 - 02/03/09 12:00 PM
Condo sales shrivel on MauiAnd the market for sellers is worse than the numbers reveal - Buyers, are you sensing an opportunity yet?
While a 33% decline in condo sales seems rough enough, it is actually worse.  The logical question is, "if sales are that slow, if demand is that low, why didn't prices come down."  The answer is prices did come down?"  They did, you just couldn't see it.
That's because a large number of sales in Wailea skewed the statistics.  This has the effect of misleading us in 2 ways:
First, a large number of the Wailea condo closings … (0 comments)

maui real estate: Maui Real Estate Advisor - Year End Wrap-up Part I - 02/02/09 11:11 PM
Year End Wrap Up 2008
2008        Sales      Sales 2007      % ChangeHomes      907            1,142             -21%Condos     788            1,179             -33%Land          97               226             -57%   2008       Median Price       Median 2007         % Change
Homes        $577,867         $630,000                  -8%Condos       $549,500         $550,000                   0%Land           $700,000         $562,000                  25%   2008       Average Price       Average 2007        % ChangeHomes         831,424            $919,942               -10%Condos        921,063           $816,867                  13%Land            966,776           $841,091                  15%
We are happy to see 2008 in the rearview mirrorBut will 2009 be the Year of the Bold Buyer?
As usual, the stats aren't telling the truth.  It is a fact that sales are down in all categories significantly.  It is … (1 comments)

maui real estate: Polynesian Shores 211 - 01/31/09 11:02 AM
There's no place like home, especially an oceanfront home on Maui.  Polynesian Shores is one of sweetest spots on Maui's west side.  It is situated perfectly between Lahaina and Kapalua.  That makes for warm mornings and cooling afternoon breezes. 
And you will enjoy your mornings and your afternoons on your lanai.   Polynesian Shores 211 is situated so that you have a beautiful view and privacy.  It looks out over 2 acres of green tropical grounds on the turquoise Pacific.   

From the lanai, you can take in the best part of Polynesian Shores 211, the view.  You can relax on your … (0 comments)

maui real estate: Hale Kai 213 - Beachfront Bargain - 01/23/09 01:18 AM
You could live on your lanai at Hale Kai 213.
It is the lowest priced non-ground floor 1 bedroom 1 ½ bath oceanfront, ocean view condominium on the market in West Maui.
When you close your eyes and imagine yourself sitting on your lanai in Maui, what do you conjure up?  Do you hear the waves breaking?  Can you peer into the turquoise water and see the outline of the reef just a few feet away?  And then do you wake and say to yourself, "that is the impossible dream"?
Not so fast, dreamer.
      Hale Kai 213 is reality, and … (0 comments)

maui real estate: Maui home sales still slow - 12/27/08 04:46 PM
This is the November report on home sales on Maui from the Maui Real Estate Advisor.  You can read the entire report on sales for homes, condos and land on Maui at MauiRealEstateAdvisor.tv.
Maui home sales still slow
The true picture shows sales even slower than the numbers indicate
 Home sales continued their up and down trend in November.  There were only 64 sales, most in the central area of Kahului/Wailuku. 22 of those were in the "affordable" category. 
If we pull out the affordables, the median price jumps from $475,000 to $609,000.  Still median single family home prices trended … (1 comments)

maui real estate: Tis the season to buy real estate in Maui - 12/19/08 11:15 PM
Tis the Season
But is anybody buying anything?
Since our last newsletter in October, things have changed significantly.  The election is, at long last, over.  We, of course, expected that.  What we didn't expect was the economic news and fallout.  It was stunning to say the least.  And would-be buyers are stunned and waiting.
Maui real estate buyers are behaving just like our great green turtles when they sense a shark is in the area.  They hide under a rock, bring their head and limbs inside their shell and close their eyes until they sense the danger has passed.
So it … (2 comments)

maui real estate: Net Housing Value Gains on Maui and elsewhere - 12/09/08 11:50 AM
According to an article from the Washington Post Writers Group housing prices have climbed over the last 5 years. 
And, while you couldn't tell from the network news, or just about any other source, that there is positive news on the real estate front, here's what the Post found.
Of the 292 metropolitan markets surveyed only 19% showed negative net gains.  273 markets showed positive net home values in the last 5 years.
According the Federal Housing finance Agency the top gainer in the United States is Honolulu with a net gain of 78.7%.
So, what does that mean for Maui? 
(0 comments)

maui real estate: Maui Caravan Review, best buys October 1, 2008 - 10/01/08 09:06 PM
It's real estate caravan day in west Maui and one particular property caught our eyes. 

It is a price reduction on a unit at one of our favorite condominium complexes, Kaanapali Shores.  We like Kaanapali Shores for a lot of reasons.  It is well maintained oceanfront, concrete building on a stretch of sand about 1.5 miles long.  North Kaanapali Beach is one of the best walking beaches in the world.  The complex has a restaurant, pools, hot tubs, health club, bars, salons, game room, shops, tennis courts and free internet. 
But the best thing is the rental income. 
Unit 328, … (0 comments)

maui real estate: Maui Caravan Review, best buys Sept. 24, 2008 - 09/26/08 03:09 PM
The sweet real estate deals on Maui include pocket listings at Honua Kai and short sales at aina nalu and other Maui condominiums. 
But first, the best of Wednesday's Caravan.
A "starter" home at 5 Iris Place, MLS 333326, in Kahana just north of Lahaina.  Only in Maui can a $850,000 be considered a starter.  It is 4 bedrooms and 2 baths in a nice residential community.

The ocean view, almost oceanfront, Kapalua Bay Villas condo, MLS 328962, we saw looks like a good long term investment. Kapalua resort is pushing its owners to upgrade to their new "Gold" standard.  The last unit … (3 comments)

 
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