If you think Maui's prices can be high in comparison to other areas, keep in mind just how special Maui is.

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As the chart shows, condominium sales in 2011 will approach 2010 levels. The dotted, red line shows for sale inventory over time. The closer those lines get? The better it is for owners of Maui real estate.

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According to the NAR the September sales numbers were 3% lower than in August but 11% higher than they were in September, 2010.

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That there has been equipment and men active on the site of the closed Rennaisance Hotel in Wailea. Wondering what is going on?

Here is Hyatt's Press Release.?
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The Case-Shiller Index results for the period ended August are out and the results are more of the same.

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According to the NAR the supply of existing homes for sale stands at 8.5 months. Historically levels of inventory above eight months have corresponded to declining prices. Absolute inventory continues to fall, down over 10% for the month of September.

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The NAR reported today that Existing Homes Sales for September were down from August but significantly above September 2010.Â

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Judging from the release of today's Federal Reserve Beige Book  the economy continues to grow, albeit modestly.Â

Reports from the twelve Federal Reserve Districts indicate that overall economic activity continued to expand in September, although many Districts described the pace of growth as "modest" or "slight" and contacts generally noted weaker or less certain outlooks for business conditions. The reports suggest that consumer spending was up slightly in most Districts, with auto sales and tourism leading the way in several of them. Business spending increased somewhat, particularly for construction and mining equipment and auto dealer inventories, but many Districts noted restraint in hiring and capital spending plans. By sector, manufacturing and transportation activity was reported to have increased on balance.

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Corelogic announced on Friday that nationa home prices declined .04% in August and 4.4% in the past twelve months.

 

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Tom and Sean proudly re-introduce two extraordinary oceanfront listings in Makena.

 

 4690 Makena Road is a three-bedroom three bath home located on Po'olenalena Beach (sometimes called Secret Beach). Unusual privacy, a tennis court and the "Five island View." it doesn't get better.

 

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