January 30th, 2010 ~ by admin
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.
January 30th, 2010 ~ by admin
January 23rd, 2010 ~ by admin
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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January 23rd, 2010 ~ by admin
In today's Wall Street Journal a wonderful article about Maui's Rice family and the ranchland they own.
Hundreds of years ago, Hawaiian kings would hand out to subordinate rulers thin slivers of land that stretched from volcano to sea. The system of rule via these plots, called ahupua'a, was abolished in the 19th century, and much of the land was split up and sold as the value of Hawaiian real estate skyrocketed. Henry Rice, a fifth-generation Hawaii native and banking dropout, lives with his wife Sandy on what real-estate agents and the Department of Land and Natural Resources say is one of the few nearly intact ahupua'a left in the islands: 10,000 acres of ranchland stretching continuously from the top of Mount Haleakala down towards the sunny beaches of Maui's south shore. Even though the Rices have sold off their beachfront lots over the years, appraisers say their ranch, named Ka'ono'ulu, is likely worth close to $50 million.
Where else but Maui do we get so lucky?
January 23rd, 2010 ~ by admin
In today's Wall Street Journal a wonderful article about Maui's Rice family and the ranchland they own.
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