Aloha & Good Morning!
Today's forecast for Maui will be partly
cloudy skies with a slight change of a rain shower. The high will be 78 degrees.
The Realtors
Association of Maui released the December Sales Statistics. These numbers compare information from
1/1/2011 to 12/31/2011 and 1/1/2012 to 12/31/2012. It is with joy and happiness that I can show
you that the number of units sold was up in all three categories of sales. Below you can see the data for the number of units sold in each category: Residential,
Condo and Vacant Land.
What does it all mean? From previous newsletters I had indicated a
drop in inventory on Maui. The Realtors Association
of Maui said that there is a 16-18% decrease in inventory over the past 12
months in Residential and Condo classes.
Additionally, the flood of short sale and REO (bank owned) properties
that we've seen in previous years has dwindled.
The market has seen a change and there are many properties that have been
priced at levels that have attracted multiple buyers.
If you are looking to
sell property... the key is to set your price with competing properties. Know what you are up against. Be prepared to so that your property is
attractive to buyers. You can call or
email me today and we can look at comparable sales in your neighborhood.
If you are a buyer...
take advantage of the very low interests rates.
The low interest rates will not be here forever. Once you have a pre-approval you can shop
with confidence and find your dream Maui address. You can call or email me today and we can set
up a meeting to determine what you want in your next Maui real estate
purchase.
OCEAN FRONT RENTAL PROPERTY
.jpg)
This
amazing property has a main home with newly tiled floors and carpet, new
appliances, a large deck and a fenced lot.
The main home has 3 bedrooms and 2 baths.
.jpg)
There is
also a 275 sq ft studio ohana rental with a kitchen and a bath. The rental has spectacular views and
excellent rental income.
View the
full listing - HERE!
Watch the Virtual Tour - HERE!
Don't forget to get your name in for this
year's exciting i-Pad giveaway!
Last
Week In The News
Retail sales fell 4.2% for the week ending January 5, according to the
ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales
increase 4%.According to the Federal Reserve, monthly consumer credit debt rose $16 billion in November for a total credit debt level of $2.768 trillion. Revolving debt, which includes credit cards, increased $0.8 billion to $858.4 billion. Non-revolving debt, including loans for cars, rose $15.2 billion to $1.910 trillion.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 4 rose 11.7%. Purchase volume rose 10%. Refinancing applications increased 12%.
Wholesalers increased their inventories 0.6% to $498.9 billion in November. Sales at the wholesale level rose 2.3% to $419.3 billion in November. On a year-over-year basis, sales were 5.6% higher since November 2011.
The trade deficit increased to $48.7 billion in November from a revised $42.1 billion in October. Exports rose $1.7 billion or 1% to $182.6 billion. Imports increased $8.4 billion or 3.8% to $231.3 billion.
Import prices fell 0.1% in December, following a 0.8% decrease in November. On a year-over-year basis, import prices were down 1.5% in December. Export prices fell 0.1% in December after declining 0.7% in November. Compared to a year ago, export prices were up 1.1% in December.
Initial claims for unemployment benefits for the week ending January 5 rose by 4,000 to 371,000. Continuing claims for the week ending December 29 fell by 127,000 to 3.109 million, the lowest level since July 2008. The less volatile four-week average of claims for unemployment benefits was 365,750.
Upcoming on the economic calendar are reports on retail sales on January 15, the housing market index on January 16 and housing starts on January 17.
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.comClick here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
No comments:
Post a Comment