NATIONAL SALES RESULTS
June 21st, 2010National sales results for April came in last week. Here are the high points. Year over year sales were up a whopping 23% over a year ago. That leaves for sale inventory slightly in excess of eight months, down significantly from the 2008 peak which approached 12 months. However inventory is up from the under seven months of a year ago.
AN OCEANFRONT RUSH?
June 1st, 2010In the last two weeks we have seen several important closings along the Maui oceanfront. Two beautiful homes in Makena sold for $19.9 and $17.5 million respectively. A front row Wailea Beach Villas sold for over $12 million. A double Wailea Point unit sold for just under $10 million.
THE ECONOMIST ON BEHAVIOR OF THE RICH
May 8th, 2010Let's face it. People who own property in Maui's resort areas or on Maui's oceanfront are rich. No two ways about it. So are the folks who can consider purchasing second or third homes here. So research into that demographic is always interesting for us. The Economist recently released The New World of Wealth: Seven Key trends for investing, giving and spending among the very rich. In short here are the seven trends:
THE MAUI REBOUND CONTINUES
May 8th, 2010April's real estate results for Maui are in and they continue to argue that Maui has bottomed.
RECENT NATIONAL SALES NUMBERS
April 26th, 2010Existing home sales rose 6.8% in March to 5.35 million units. Some key snippets:
ANOTHER LEADING EDGE CLOSING
April 26th, 2010We are pleased to announce the sale of Palms at Wailea Unit 1510. This two-bedroom unit obtained a sale price of $975,000.
THE ROLE OF DISTRESSED PROPERTIES
April 13th, 2010Nationally, the sales of distressed properties has remained between 23% and 32% of all existing home sales for the last fifteen months or so. In some important Maui feeder markets, that percentage has been even higher. Often, mainland buyers bring a mindset with them that reflects their home market. One should be careful of that on Maui.
THE MAUI REAL ESTATE COMEBACK
April 13th, 2010The first quarter results on Maui are in and the number shows explosive improvement over a year ago.
THE IMPORTANCE OF VIEW
April 1st, 2010The 2010 Knight Frank/Citigroup Wealth Report contains some interesting tidbits.
