August 24th, 2012
Tom and Sean are proud to present Kai Malu 16A. You can have it all with this Kai Malu at Wailea condo including ocean, outer island and haleakala views, one of the largest gated yards in all of Kai Malu (perfect for pet owners), your own 12’ x 18’ pool, master bedroom on the bottom floor and a low price. This unit is the lowest priced of the popular Honua floor plans and has barely been lived in with no renters and only part time owners. Numerous upgrades including GE Monogram stainless appliances, upgraded lighting fixtures and ceiling fans, outdoor shower, kayak/paddleboard rack and more. 16A is also just a 90 second walk to the gorgeous Kai Malu 75-foot infinity pool, spa, sauna, steam room, fitness center and open air pavilion/kitchen and BBQ area. Offered Furnished or Unfurnished.
Contact Us for more information.
May 1st, 2012
The State of Hawaii has instituted a new Purchase Contract as of today. The new contract has much to recommend it. It has helpfully grouped similar areas together. The new contract has also clarified some areas where the old contract wasn't clear enough as to consequences of missed timing or where responsibility lay. The new contract is far more consumer friendly.
April 29th, 2012
In today's New York Times there is an article retelling some Realtors' most bizarre closing stories. Thankfully Maui real estate has more civilized closings…most of the time anyway.
April 29th, 2012
One of our favorite bloggers Calculatedriskblog.com has posted the attached graph. It shows how real home prices have moved over the past three and a half decades. The most interesting element is that that now the trend lines for expected pricing based on historical norms are now intercepting actual prices. This is a quantitative reason for believing we are finally approaching a national bottoming.
For details on how this affects Maui real estate,
contact us!
April 27th, 2012
Photographer Bruce Faber took this beauty.
April 27th, 2012
This isn't very good news.
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.2 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent.
By this time one would hope we'd be seeing GDP growth of well in excess of 3%. It is hard to see how this kind of limited growth can generate the jobs necessary to make a serious dent in the unemployment rate.
How does this affect Maui real estate? Contact us for details.
April 27th, 2012
In today's Los Angeles Times we get the following
"What are important are sales and inventory, and those are pointing in the right direction," said Christopher Thornberg, a principal at Beacon Economics who was one of the early callers of the housing crash. "I would say that by the end of the year, they should translate into better prices."
Thornberg added, "The recovery is here."
and
As more foreclosed homes in hard-hit neighborhoods are filled with renters, an increasing number of everyday buyers will grow interested in owning, said Ivy Zelman, chief executive of Zelman & Associates, a New York housing research firm.
"This is not a robust recovery, but I feel confident that we are not sitting here lingering," said Zelman, who predicts that home prices will end the year up about 1%. "There really is more meat to the bone."
What is particularly notable about these people is they were prominent housing bears for quite a while.
April 25th, 2012
Moody’s Analytics Mark Zandi, one of the most prominent real estate economists is calling the bottom of the housing market:
“The crash is over”, Mark Zandi, chief economist for Moody’s Analytics Inc. in West Chester,Pennsylvania, said in a telephone interview yesterday. “Home sales — both new and existing — and housing starts are now off the bottom.”
Of course not everyone agrees. The article is worth the read.
April 25th, 2012
It's about what was expected, but the Case Shiller report today was not great news for Maui real estate, or perhaps it is!
Data through February 2012, released today by S&P Indices for its S&P/CaseShiller Home Price Indices, the leading measure of U.S. home prices, showed annual declines of 3.6% and 3.5% for the 10- and 20-City Composites, respectively. This is an improvement over the annual rates posted for the month of January, -4.1% and -3.9%, respectively
In other words the rate of decline has slowed.
Looking at key Maui feeder markets we discover the following year over year comparisons
Dallas -1%
Denver +.5%
Los Angeles -5.2%
Phoenix +3.3%
Portland -3.0%
San Diego -3.9%
San Fransisco -4.1%
Seattle -2.9%
While this news looks a bit depressing, combine this with the inventory numbers included in prior posts and we find a market that is cleaning itself up.
April 22nd, 2012
To love Maui
A storm delivering needed rain to the Atlantic Seaboard will have many faces ranging from urban flooding, to strong winds, unusual cold, heavy snow and power outages into Monday.
A strengthening storm is rolling up the Atlantic Coast with drenching rain.
The good news? We are not there!
Tom and Sean are proud to present Kai Malu 16A. You can have it all with this Kai Malu at Wailea condo including ocean, outer island and haleakala views, one of the largest gated yards in all of Kai Malu (perfect for pet owners), your own 12’ x 18’ pool, master bedroom on the bottom floor and a low price. This unit is the lowest priced of the popular Honua floor plans and has barely been lived in with no renters and only part time owners. Numerous upgrades including GE Monogram stainless appliances, upgraded lighting fixtures and ceiling fans, outdoor shower, kayak/paddleboard rack and more. 16A is also just a 90 second walk to the gorgeous Kai Malu 75-foot infinity pool, spa, sauna, steam room, fitness center and open air pavilion/kitchen and BBQ area. Offered Furnished or Unfurnished.
