January 30th, 2010
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 26th, 2010
The attached graphs show the sales activity for mountainside condominiums in Wailea and Makena in 2009. Unit sales were flat while per square foot prices fell 19%.
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January 26th, 2010
There have been a couple recent reports regarding national home sales.
January 23rd, 2010
In today's Wall Street Journal a wonderful article about Maui's Rice family and the ranchland they own.
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January 21st, 2010
This chart shows the percentage of the listing price sellers in Wailea and Makena have actually obtained in each of the last eight years. The blue line is the percentage of the initial listing price of the property and the red line is the percentage of the listing price of the property at the time of the sale. So in 2009, sellers obtained 78% of their initial sales price and 86% of their list price at the time of the sale.
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January 20th, 2010
In today's market, whether one is seeking a vacation rental condominium, a beachfront house or a piece of vacant land on which to build one's dream house? There are opportunities in each category that leap out from the pack. Want to know what those are? Contact us!
January 20th, 2010
We are pleased to announce the closing of 6980 Makena Road. This beachhouse sits on a beautiful stretch of Makena coastline and sold for $3.5 million. The Leading Edge Marketing effort strikes again!
January 20th, 2010
In today's Wall Street Journal an article describes how the attitudes of homebuilders have changed and how they see 2010.
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January 20th, 2010
There is a very nice artilce on MSN.com today that compares and contrasts the quality of construction today and yesteryear.
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