Current state of affairs based on real statistics as well as professional insight.
The Grand Wailea, A Waldorf Astoria Resort, will undergo a $30 million renovation to the Maui resort’s guestroom interiors, meeting areas and pools, with a completion date set for early 2015. The rooms were last renovated in 2009. Work on the rooms begin this week and renovations will continue through early spring 2015, with a…
$92.2 Billion of purchases sold to foreign buyers, 12 months ending March 2014 Sales split approximately 50/50 between resident and non-resident foreigners. Foreign sales approximately 7 percent of $1.2 Trillion EHS market. 28 percent of REALTORS® reported having international clients. Market is a niche market—a relatively few REALTORS® handle many of transactions: e.g.,…
Foreclosures, short sales down, with backlog Maui County continues to have a low supply of homes and condominiums available for sale, according to October statistics released this week by the Realtors Association of Maui. And, as evidence of the economic law of supply and demand (low supply and high demand equals higher prices and vice…
WAILEA EKOLU ~ Direct Ocean Views! This unit has a great layout with direct views from your living room, kitchen, master bedroom and lanai. An upstairs corner 2 bedroom, 2 bath unit with extra windows and high cathedral ceilings. Open, expansive and comfortably relaxing. Tastefully upgraded over the years and there’s even a built-in wine cooler…
Aloha, The whales have arrived and we are headed into our high season here on island. In a recent Maui News article the number of homes sold in Maui County last month hit a five-year high, likely the result of buyers getting in before prices start to increase. Inventory levels are down as much as 20%…
Aloha, There are some great opportunities available in Maui real estate right now. The best listings are moving fast, so you have to keep a close eye on what’s being offered – or have a professional like myself doing that for you. Please have a look through my Best Buy list on my website http://www.SoldOnMaui.Net by clicking on the Condo or…
Local economy not yet reaping the benefits of tourism growth. The record growth Hawaii’s tourism sector is experiencing this year has yet to translate into benefits for the broader economy, which remains mostly stagnant, the latest forecast by University of Hawaii economists says. The state’s economy is still being hampered by slowdowns in the construction…
The Maui News – July 25, 2012 WAILUKU – The master-planned Honua’ula project in Wailea received a key approval Tuesday by the Maui Planning Commission that will allow development of the luxury golf community to move forward. The nine-member commission voted eight in favor with Commissioner Penny Wakida having reservations to approve the $1.2 billion…
Hula Mae, the long-standing state program to help working class Hawaii families get affordable mortgages, is funded and offering competitive mortgages. For information about this important mortgage option for Hawaii home buyers, click Hula Mae. Mahalo to the Realtors Association of Maui for spreading the word about this program on their “Thursday Things” newsletter. If…
This rarely offered first floor, direct beach front access, two bedroom condo offers the ultimate in Wailea Resort living. Step off the oversize lanai onto a manicured lawn that leads directly to the white sands of Polo Beach. Picture framed ocean views from the living room, kitchen & lanai. Tropical landscaping provides a lush backdrop…
Sold On Maui Real Estate Blog 