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 recently released the January Sales Statistics. I like to give you this information as we go
through the year and will update it several times this year for you. I think it is important to point out that
today's information below is only reflective of one month.
The numbers below only
compare the year-to-date sales for January (2012 vs 2013). For a comprehensive evaluation for the entire
year from 2012 vs 2011 you can review RAM's December documentation - HERE.
The
information below shows an increase in Residential Sales for the month of
January. It also shows a decrease in
Condo Sales and in Vacant Land. RAM makes
a point of saying that condos had a year-end rush that may have been brought on
by the pending 2013 tax changes.
Therefore there were less closings set in January. I think we will see a more normal set of
closings in February.
This second set of numbers shows the median sales price for the same three key areas. Again, this set of information only reflects the month of January.
The Realtors
Association of Maui has estimated 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 saw last year have 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 show
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.
UPCOUNTRY HOME W/COTTAGE
Check out
this great 3 bedroom and 2 bath home with a detached ohana with 3 bedrooms and
2 baths. This listing is perfect for
anyone who wants to save on their utility bills because the self-sufficient
home has and $18/month electric bill on the main house and an $8/month electric
bill on the ohana. This is the perfect
home for anyone with kids since it is near a park and Giggle Hill.
RAM'S GOT TALENT
This event was amazing! I was so
happy to be a part of the talent line up and get a chance to sing my heart out
on stage. While I didn't take home the
top spot I did have a fantastic time and I forever grateful to have had this
experience. The top spot went to Bob
Wills, 2nd Place was Kit Okazaki and 3rd Place was Ron Wilson. Everyone did an amazing job! 
New listings have been added to the Windermere Valley Isle Properties YouTube Channel. If you want to keep up-to-date with the newest listings you can follow them by clicking HERE!
Don't forget to get your name in for this
year's exciting i-Pad giveaway!
Looking for more great articles, videos and advice? Check out the Real
Estate Sales Maui Team on FACEBOOK,
TWITTER, BLOGGER and PINTEREST
Last
Week In The News
Retail sales rose 0.1% to $416.6 billion in January. This follows a 0.5%
increase in December. Compared to January 2012, retail sales have increased
4.4%.The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending February 8 fell 6.4%. Purchase volume fell 10%. Refinancing applications decreased 6%.
Import prices rose 0.6% in January, following a 0.5% decrease in December. On a year-over-year basis, import prices were down 1.3% in January. Export prices rose 0.3% in January, following a 0.1% decrease in December. Compared to a year ago, export prices were up 1.1% in January.
Total business inventories rose 0.1% in December to $1.623 trillion, up 5.1% from a year ago. Total business sales increased 0.3% to $1.274 trillion in December, up 3.6% from a year ago. The total business inventories/sales ratio in December was 1.27.
Industrial production at the nation's factories, mines and utilities fell 0.1% in January after increasing 0.4% in December. Compared to January 2012, industrial production has increased 2.1%. Capacity utilization fell to 79.1% in January from 79.3% in December.
The Reuters/University of Michigan consumer sentiment index for February's preliminary reading rose to 76.3 from 73.8 in January.
Initial claims for unemployment benefits for the week ending February 9 fell by 27,000 to 341,000. Continuing claims for the week ending February 2 fell by 130,000 to 3.187 million. The less volatile four-week average of claims for unemployment benefits was 352,500.
Upcoming on the economic calendar are reports on the housing market index on February 19, housing starts on February 20 and existing home sales on February 21.
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