YUP, SNOW ON MAUI
A shot from Haleakala (from the Maui Times).

Consulting Firm Housing Predictor has released its Top Ten Buyers Markets for 2008. Maui is ranked third with a prediction for a 5.6% increase in values. Honolulu ranked first and Salem, Oregon second.
Yup, Maui has everything! Last night it snowed on Haleakala!
We are pleased to announce that Wailea Beach Villas Penthouse 307 has been placed under contract. This brand new and unused condominium boasts 1978 square feet of living space, two bedrooms, travertine floors, granite countertops and unobstructed views of the Pacific and Molikini. It is listed for $3.195 million.
We are pleased to announce the listing of Wailea Fairway Villas X-103. This spectacular townhouse, three-bedroom unit boasts excellent ocean views, a completely remodeled and upgraded kitchen and 1790 square feet of pristine living space. Spend sunset on one of two lanais looking at Molikini, cook a wonderful dinner in the amazing chef's kitchen or relax by the beautiful community pool. This gem is offered at $1.325 million.
The residential market in Wailea and Makena remained active in 2007 with the same number of property sales, 41, as in 2006 (see chart 1 below). Non-oceanfront homes saw median sale price fall to $1.9 million or 5%. Average per square foot value fell 7% to $733 9see chart 2 below). Vacant land pricing (the least reliable measures of the three in our minds) increased 9% on a per square foot basis to $88 (see chart 3 below).
Undoubtedly concluding that the national economy is in, or near, a recession the Federal Reserve has cut the overnight lending rate to 3.5%, a 75 basis point reduction:
Among Maui real estate, the Wailea/Makena condominium market is among the most prized. We have completed our 2007 analysis for this market and below are our key findings:
We have fully analyzed the 2007 results for Maui's oceanfront residential community and here are the major trends.
In the last week, Maui's Humpback whales have been very active and highly entertaining. We live in a remarkable place.