The activity level in January in Wailea and Makena improved somewhat from a year ago. In January 2009 three condominiums and one single family home sold. In 2010 six condominiums and three single family homes sold. Pricing has clearly retreated but with so few data points comparisons aren't reliable.

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One of the significant developments in Maui real estate we ascertained over the last eighteen months or so is how flexible buyers have become. It used to be there were (using shorthand) Wailea people and Kapalua ™ people and North Shore people etc. Folks had already focused on a specific part of the island or a specific neighborhood or complex and wouldn't consider buying outside it. That point of view has really changed. More and more in 2009 and today potential buyers are seeking value first and are showing more flexibility the neighborhood or area they will consider. In our vernacular, buyers have become "deal hounds." For sellers this means your property is no longer just competing with the one down the street. Now you are competing with other parts of the island as well and must show a value in that context to obtain significant interest. For buyers this means your Realtors must have broader knowledge than ever before.  

The first report on fourth quarter GDP came in at a robust 5.7%.

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We are pleased to announce the listing of Palms at Wailea unit 1510. This two-bedroom, two bath unit sits in the prized inner ring and boasts a magnificent ocean view. The unit has been remodeled and has granite countertops, travertine floors, custom cabinetry and is air conditioned. Arguably the best location in one of Maui's premier vacation rental complexes. A short walk to the pool and the privacy of an upstairs unit. Listed at $1,150,000.

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