Wednesday, October 10, 2012

Wednesday Morning Coffee on Maui - 10/10/12

Aloha & Good Morning!

The current Maui temperature today will be a high of 89 degrees with mainly sunny skies!  You can't beat that when enjoying a day at the beach!     

FEATURED LISTINGS
The listings below are all under my license and some are pending contract. However, I am continuing to show the listing.  In the current market it doesn't hurt to show a listing as long as it is still viable and to take back-up offers.  There is a rise in the number of offers that are coming in and buyers are eager to put in back-up offers and contingencies to get the properties that they want.
VACANT LAND
District: Haiku
Address: 6170 Hana Highway
Land Area: 4.08 Acres
View: Mountain/Ocean
PRICE REDUCTION - - $249,000 Fee Simple
MLS: 351727
Status: ACTIVE
RESIDENTIAL LISTINGS
District: Haiku
Address: 800 Door of Faith Road
Bed(s): 2 Bath(s): 2.00
Living Area: 1,004 SF
Land Area: 2.62 Acres
View: Mountain/Ocean
Ohana Bed: 1  Ohana Bath: 1.00
Ohana Living Area: 728 SF
Price: $1,100,000 Fee Simple
MLS: 352141
Status: ACTIVE
District: Kihei
Address: 14 Lio Poele Place
Bed(s): 3 Bath(s): 3
Living Area: 1,534 SF
Land Area: 8,198 SF
View: Garden
Price: $769,000 Fee Simple
MLS: 353053
Status: PENDING - CONT. TO SHOW
CONDO LISTINGS
District: Wailea/Makena
Building: Palms at Wailea I  Unit: 2203
Address: 3200 Wailea Alanui
Bed(s): 1  Bath(s): 2.00
Living Area: 1,022 SF
View: Garden View
Maintenance Fee: $743
Pool: Yes
PRICE REDUCTION - - $519,000 Fee Simple
MLS: 350183
Status: PENDING - CONT. TO SHOW
District: Maalaea
Building: Maalaea Yacht Marina Unit: 311
Address: 30 Hauoli Road
Bed(s): 1 Bath(s): 1.00
Living Area: 586 SF
View: Mountain
WaterFront: OceanFront
Maintenance Fee: $459
Pool: Yes
Price: $119,000 Leasehold
MLS: 350171
Status: PENDING - CONT. TO SHOW
District: Kihei
Building: Kihei Holiday Unit: 201
Address: 483 S Kihei Road
Bed(s): 2 Bath(s): 1
Living Area: 880 SF
View: Mountain/Ocean
WaterFront: Across the Street from Ocean
Maintenance Fee: $550
Pool: Yes
PRICE REDUCTION - - $320,000 Fee Simple
MLS: 352345
Status: ACTIVE

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Lender Corner by Craig Haueisen                                                                                         
Last Week In The News
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending September 28 rose 16.6%. Refinancing applications increased 20%. Purchase volume rose 4%.
Manufacturing activity rose to 51.5 in September after a reading of 49.6 in August. A reading above 50 signals expansion. The uptick in manufacturing follows three consecutive months of slight contraction.
Total construction spending fell 0.6% to $837.1 billion in August, following a revised 0.4% decrease in July. Compared to August 2011, construction spending has risen 6.5%.
Retail sales fell 0.3% for the week ending September 29, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.4%.
Motor vehicle sales rose 4% in September to an annualized sales rate of 14.9 million cars and light trucks. It was the highest annual rate since March 2008. Compared to September 2011, motor vehicle sales have increased 13%.
Non-manufacturing activity rose to 55.1 in September from 53.7 in August. A reading above 50 signals expansion. It was the 33rd straight month of expansion in the services sector.
Factory orders fell 5.2% in August to a seasonally adjusted $452.8 billion, following a 2.6% increase in July. Excluding the volatile transportation sector, orders increased 0.7% in August.
Initial claims for unemployment benefits for the week ending September 29 rose by 4,000 to 367,000. Continuing claims for the week ending September 22 remained unchanged at 3.28 million. The unemployment rate fell to 7.8% in September from 8.1% in August. Employers added 114,000 jobs in September.
Upcoming on the economic calendar are reports on wholesale trade on October 10 and the producer price index on October 12.
Craig Haueisen is a Loan Officer with Prospect Mortgage.  Please feel free to email him or call him for any of your Mortgage needs.
Office: 808-298-7549 or Email: craig.haueisen@prospectmtg.com
Click here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
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