May 29th, 2008 ~ by admin
In the last week, two Maui oceanfront homes have sold. 4851 Lower Honoapiilani Road in Kahana, almost new, over 7100 square feet of total living space on a half-acre has sold for $8.7 million or $1225 per square foot. That home had been on the market for three years. Home number 4 in Maluhia at Wailea, 4800 square feet, immaculate finishes, sold for $8.950 million or over $1800 per square foot. That home had been on the market for nine months. Two more Maui oceanfront homes have been placed under contract in the past week as well. House number 6 at Black Sand at Makena is a brand new, 5500 square foot home and is listed for $9.2 million. A very small oceanfront home in Hana, listed for $1.3 million has also gone into escrow.
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May 29th, 2008 ~ by admin
The Department of Business, Economic Development and Tourism has released the tourism results for April and they are dismal. Maui visitors declined by 7%, 9% by air, and the ATA and Aloha bankruptcies were fully felt. Maui lost 24% of its scheduled air-seats in April. Canadian visitors increased 45%. Total expenditures fell 8%. For details, contact us.
May 24th, 2008 ~ by admin
Every year, Dr. Beach, Stephen P. Leatherman releases his list of the top ten beaches in the United States and almost every year we affectionately chide him for his selections. This year is no different. Dr. Beach has declared Caladesi Island State Park in Clearwater Florida is the best beach. NONSENSE! Look below for America's best beaches!
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May 24th, 2008 ~ by admin
The NAR released their report on April home sales and the results are discouraging. The question of course is how does it impact Maui real state. Here are the key findings:
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May 22nd, 2008 ~ by admin
3911 Honoapiilani Highway sits just off the highway in Maalaea. It is a 1400 square foot home, three bedrooms with astonishing views and ocean access. You are as close to the Pacific as you have always wanted to be. The home is in good condition. Here's the best part, it can be had for $1.6 million. But it won't last at that price. Contact us for more details.
May 19th, 2008 ~ by admin
Today we are announcing a huge price reduction of one of our Makena oceanfront home listings. 6980 Makena road has been reduced to $4.75 million from $6.385 million.
This 3 bedroom, 3.5 bath beach house is being sold as-is and is a great opportunity to own a piece of the pristine Makena coast. For more details, visit www.6980MakenaRoad.com or contact us!
May 19th, 2008 ~ by admin
At a meeting on Wednesday, the Maui County Council set the property tax rates for Maui real estate for the 2008-2009 fiscal year. The rates are as follows:
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May 15th, 2008 ~ by admin
A phenomenon regarding Maui real estate we have been describing over the past several months, the prominence of the Canadian buyer was a lead story in today's International Herald Tribune. While the article doesn't really add anything new, it does make a couple of points that are worth restating:
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May 15th, 2008 ~ by admin
In today’s Wall Street Journal there is a story on how the returns on remodeling have changed. Some snippets and their implications for Maui real estate below:
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