We all knew it was coming and now it is here. A Canadian condominium developer seeking to build two projects in the Kamaole area has filed a suit in Federal Court challenging Maui's "Workforce Residential Housing Policy."
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Maui Real Estate
We are pleased to announce the listing of Na Hale O Makena Unit B-302. This immaculate 2200 square foot jewel boasts two large bedrooms, a gourmet kitchen with granite counters, Gaggenau appliances and designer cabinets, travertine flooring and a condominium-wide stereo set-up. The enormous lanai features a lovely view of the Pacific and a built-in outdoor kitchen. Na Hale O Makena is a very low density, luxury complex with gated entries, elevators, extraordinary lobbies, an on-site manager and a gorgeous pool and exercise area. At an asking price of $2.19 million, this unit represents a wonderful value!
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Maui Real Estate
We are pleased to announce the release of our latest research piece on Kamaole Sands. Our second annual Kamaole Sands Research Report provides detailed analysis on the past five years in Kamaole Sands and across the Kihei Condominium market. What property characteristics drive value? Is upgrading my unit worth it? Has the value relationships among the various building changed? The Leading Edge has done the work.
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Maui Real Estate
We received a mixed-bag today. First the good news. GDP for the second quarter (ended June) was revised upwards to 4%, an outstanding number.
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Maui Real Estate
Standard and Poor's Case-Shiller Index is a composite of single-family home sales results in the 20 largest US cities. They reported their second quarter numbers today and the news was not good.
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Maui Real Estate
As you probably know, there is a controversy going on regarding the future of transient accommodations (vacation rentals) in non-hotel zoned properties. In the past, the County has tended to look the other way except in the cases of ongoing complaints. We are sympathetic to the views that zoning regulations should be followed, period. However, after so many years of active non-enforcement, we believe the impact of shutting down bed and breakfasts would cause economic hardship for owners, damage the visitor industry on Maui and drive potential visitors to other destinations. Rather than shut-down, the County should force all such existing businesses to register and be subject to good conduct provisions.
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Maui Real Estate
The National Association of Realtors has released their July existing homes sales data.
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Maui Real Estate
Bank of America has taken what is the equivalent of a 16% stake in Countrywide Financial, the nation's largest mortgage lender. The size of the investment is $2 billion.
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Maui Real Estate
In the last week, Wailea Beach Villas unit E102 sold for $4 million after being listed for $4.9 million and penthouse unit 505 sold for $3.75 million after originally being listed for $4.5 million. New listings have come on the market in Makena Surf and several listing price reductions have been announced for oceanfront units. For more information, contact us!
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Maui Real Estate
