BREWBAKER SPEAKS!
August 28th, 2008
We attended a talk given today by Paul Brewbaker, Chief Economist for Bank of Hawaii. Here is a summary of the key points of his presentation and thei likely impact on Maui real estate:
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We attended a talk given today by Paul Brewbaker, Chief Economist for Bank of Hawaii. Here is a summary of the key points of his presentation and thei likely impact on Maui real estate:
The DBEDT has released the visitor statistics for July and, as expected, they were dismal. Here are the key findings and their likely impact on Maui real estate:
This is the week of fires. After the 155 acre fire this past weekend by Maui Meadows, and a 4 acre burn off of Kulanihakoi Street in North Kihei, we now have another fire near Maui Meadows in the same area as Sundays. As of this writing some Maui Meadows homes have been evacuated. A bucket Helicopter is being flown from the Wailea Fire Station to assist in fire suppression efforts.
Let's face it, to buy a second or third home on Maui of more than $1-2 million probably requires a net worth approaching $10 million or an income level that over time gets the buyer to that level. So the more we know about that universe, the better we can be as Realtors serving owners of Maui real estate. In today's Wall Street Journal, an article discusses recent IRS filings and what they show us. Here are some key findings and their likely impact on Maui real estate:
We are pleased to announce the sale of 3387 Kuaua in Maui Meadows. This extraordinary property sold to sophisticated buyers along Maui's oceanfront. We are also pleased to announce the sale of 50 Hoohale in Kilohana Ridge. These transactions demonstrate the power of the Leading Edge Marketing System and the value of out proprietary market research. To see how these can work for you, contact us!
Standard and Poor's has released their Case Shiller Index results through June. Here are their key findings:
We are pleased to announce that Wailea Ekolu unit 1603 is now under contract. In this difficult market for Maui real estate, the Leading Edge Marketing System continues to shine!
We promised a specific proposal to try to address the TVR fiasco now going on regarding Maui real estate. Well, here it is.
We are pleased to announce the listing of Palms at Wailea unit 1803. This wonderful one-bedroom, 1022 square foot unit has a double lanai, a very private locale, is in turn-key condition and has an excellent rental history. At a list price of $659,000, this unit is simply the best value in Palms at Wailea.