Strong Condo & Townhome Market

REALTORS’®  outlook for the next six months for townhomes and condominiums is generally strong across these states, District of Columbia, North Dakota, Colorado, Texas, California, Florida, Hawaii, and Alaska.  These states have experienced strong job growth due to the oil/gas and information technology sectors.  Condominiums are frequently the entry point to homeownership for first-time homebuyers, more so with the…

Latest #HousingStats

Homebuilders were busier in September, digging more dirt and ready to bring more new homes to the market.  But construction was tilted towards multifamily apartment units.  Single-family home construction still remains well below historical norms.  A housing shortage is a definitive possibility next year unless homebuilders get more active.  

Kihei Shopping Center Sold

By EILEEN CHAO – Staff Writer Ownership of the Kihei Shopping Center changed hands in a deal made last month, but there are “no big changes” planned for the 15 shops that currently inhabit the complex, brokers for the deal said Monday. The shopping center is home to Amigo’s Restaurant, Rent-A-Center, Maui Brick Oven Pizza…

Maui sales of Condos Strongest in 5 Years

Happy Earth Day!  Spring is here & Maui is springing with condo sales! The market is changing and we are seeing increase activity in all aspects of the real estate market here on Maui! Maui-sales-of-condos-strongest-in-5-years If you are looking to buy or sell something here on Maui or would like more information about Maui Real…

Sales of Homes, Condos Increase

December 11, 2012- The Maui News Maui County saw double-digit increases in both the percentage of homes and condominiums sold last month and the median prices for those categories. The number of condos sold jumped by 24.7 percent to 96 units last month, compared to 77 condos sold in November 2011, according to data from…

Hawaii Hotels For Sale

Happy Holidays! Interesting article from the Pacific Business News regarding hotel sales in Hawaii.  Now is an opportune time to buy a hotel in Hawaii, according to industry experts, if only investors could find owners willing to sell. The visitor industry is breaking records this year, and experts forecast an even stronger 2013. Room revenue for the…

Construction Industry is Starting to Build Momentum

Premium content from Pacific Business News by Stephanie Silverstein, Reporter The construction industry is beginning to show signs of an economic recovery, according to a new report. For the first time since 2006, statewide private building permits have increased for three consecutive quarters, according to the University of Hawaii Economic Research Organization. UHERO forecasts that…

Remarkable Summer Season for Hawaii Room Revenue

Happy Aloha Monday! Our Summer season proved to be a success for our hotel industry. The Maui News recently published an article that shows Maui’s room revenue increase Click here for the full article from The Maui News .  Now, as we head into our winter season we will start to notice our real estate inventory…

Property Owners Excited Over New Permit Process

Aloha, Thank you for reading my blog. Here on Maui we continue to experience increased activity in the real estate market as we gear up for our high-season this fall. We expect to have a busy season this year. Visitors will now have more accommodation choices due to the possibility of short-term vacation rental permits being processed for residential zoned neighborhoods on Maui- see…

Price of Single-Family Homes Up 25 Percent

Single-family home prices in Maui County last month increased nearly 25 percent over last year, while condominium prices were unchanged, according to the latest data from the Realtors Association of Maui. The median sales price for single-family homes in July rose to $491,000, compared to $394,500 last July. That’s based on the sale of 71…