June 9th, 2007
Dr. Stephen Leatherman, better know as Dr. beach has come out with his 2007 list of America's Best Beaches. It is important to note that past winners are excluded from winning again, so Maui's Fleming Beach (2006), Ka'anapali Beach (2003), Wailea Beach (1999) and Kapalua Bay Beach (1991) weren't eligible. But come on Doc! We have been to eight of the beaches on this year's list and Homoa Beach, which ranked number 6, is better than all those. So are Big Beach, Polo Beach, Keawakapu and Red Sand Beaches in addition to all the past Maui winners.
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June 9th, 2007
This week at Wailea Palms, unit 3304, a remodeled B floorplan sold for $1.180 million after six months on the market. Unit 2602, a lovely one-bedroom unit has come to market for $925,000.
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June 9th, 2007
We are pleased to announce that a client of ours has placed Palms at Wailea unit 1105 into escrow. That unit is listed for $1.295 million.
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June 8th, 2007
We are pleased to announce the listing of 6980 Makena Road. This four bedroom, 2900 square foot home offers two distinct living areas and is reminiscent of of the Hawaii of yesteryear. The property has an unusual degree of privacy behind a private gate and blue rock wall. From the sandy beach below one looks across to Molikini, Kaho'olawe and out to Lanai for year 'round sunsets. The turtles, whales and dolphins are out in abundance. The soothing surf and salty ocean smell compliment the magnificent beach frontage. Listed for $7.25 million, this is the least expensive piece of oceanfront property in the Wailea/Makena area and needs a buyer seeking to make a property their own.
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June 8th, 2007
Here are the major findings:
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June 7th, 2007
Gross is the Chief Investment Officer at PIMCO and a recognized bond guru. Here are some of his recent thoughts:
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June 6th, 2007
The National Association of Realtors has come out with a downward revision to their 2007 predictions:
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June 4th, 2007
In the last week or so, mortgage rates have increased by 1/8 to 1/4 of a percent. Why? In the most simple terms, because recent economic data indicates sufficient economic strength that the Federal Reserve is unlikely to lower the Fed Funds rate any time soon. For more detail, let us turn to Morgan Stanley :
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June 4th, 2007
And boy, do we need it! As many as six new shopping centers are planned for Maui in the coming years.
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June 2nd, 2007
May was a reasonably robust sales month compared to May of 2006. In Wailea/Makena, eleven condominiums sold compared to only six a year ago. The median sale price of $1.2 million is down approximately 8% from full year 2006 results. However, the per square foot average of $1,228 is up almost twelve percent from the full year 2006. In oceanfront complexes there were seven sales at a median price of $1.35 million. That is a huge and deceptive decline from 2006. The reason it is deceptive is that there were no sales in Wailea Point, Wailea Beach Villas or Makena Surf. Instead a disproportionate number of oceanfront sales were Wailea Ekahi one-bedroom units. The more useful, but still limited, per square foot average of $1,428 declined 11%. In Mountainside complexes four sales obtained a median sale price of $881,000, down 2% from full year 2006 results. The per-square foot average of $879 was up 2%.
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