Wednesday, April 24, 2013

Wednesday Morning Coffee on Maui - 04/24/13



Aloha & Good Morning!

Today Maui will have abundant sunshine and a high 84 degrees!    

Real Estate is hot right now!  From statistics on the mainland to our own little island gem the buzz is out there.  I've been reading a lot of great articles that support this and I wanted to pass this along to you.  If you have been sitting on the "fence" and waiting for the right time to buy then you should know that this is the time.  The inventory on the market is tight and that is leading to the demand and the resurgence of multiple offers on properties.  By knowing what you want, what you can afford and coming into the market with a preapproval you will most likely find the property you are looking for.  Just be aware that the current market condition won't last for long.  Interest rates are still low so get in while you can and forgo the regret of waiting too long to buy something.

Desire To Buy Increasing As Confidence Returns - We are at a three-year high where 79% of Americans say that owning a home is essential to the American-Dream.
Target to open first Maui store in 2014 - The long awaited Target on Maui is set to open next year. This is sure to bring more jobs to Maui and increase the overall economic health of our island.
Homebuilding Soars to Highest Level in Four Years
Zillow: Home Values to Grow 22% Through 2017

SOUTH MAUI BACK ON THE MARKET!
HALEAKALA GARDENS  #11G - BANK ACCEPTED SHORT SALE FOR ONLY $195,000!!!! Nice location in this residential condo complex in Kihei, the sunny side of Maui! This unit was completely remodeled in 2005 and has been very well cared for since. Beautiful view of Keawe trees through the large picture window in living room. Solar exhaust fans installed and air vents installed (and approved by AOAO) at the roof peak of the interior walls, to help keep the unit cool!



SOUTH MAUI HOT BUY!
WAILEA EKAHI VILLAGE #1C - NEW PRICE!!! MOTIVATED SELLER!! One of the most sought after BEACH front complex in beautiful Wailea. The serene location of this 1st floor unit provides ocean views from the kitchen and patio area. This private 1br/1ba unit is great for a second home or vacation rental property. Wall-to-wall mirrors in the living and dining area create a large inviting space. The freshly painted kitchen includes stainless steel appliances which opens to the living & dining room...great for entertaining. The unit offers tiled flooring, new carpeting in the bedroom, several spacious closets, 2 large private patios, stackable washer/dryer, split a/c systems & so much more! Condo is fully furnished and ready to move in. Within close proximity to one of four pools that are offered at Ekahi Village. Paddle board great for game play. Nice stroll through the property's greenbelt, down towards the beach pavilion, pass the enclosed beach pool area, you will find one of Maui's best beaches ...Keawakapu Beach....approximately 1200 yards of white soft sand to play, relax, and enjoy. The complex itself is surrounded by multimillion dollar homes and minutes from world-class resorts, golf courses, restaurants, and so much more! Feel the magic of Maui breezing through you as you enjoy the island lifestyle that this unit has to offer.


KIHEI ALII KAI #D106 - Fantastic South Kihei location, behind the Denny's shopping center, across the street from Kamaole I Beach. Complex allows for short term and long term rentals. Large lanai in this beautiful resort complex. Tennis courts on roof top over covered parking. One of the few condos in Kihei with covered parking! It also boasts tropical foliage throughout, giving a fabulous outdoor feel while walking/strolling to your unit. Large swimming pool directly in the center, sauna, hot tub and BBQ's. The swimming pool has been recently re-tiled, and brand new BBQ's. Small ocean view on lanai. Kitchen remodeled in 2008 and bathroom vanity replaced. Tile throughout to keep it cool and clean. The unit itself is in a very convenient location in the complex and it matters where you are when you walk up and down the stairs. This unit is also positioned well, typically having a great cross breeze through the unit. Tenant states he didn't turn the ac on at all in this really hot summer Kihei just had. This unit is very close to the covered parking. It is ground floor and positioned near the beginning of the building, where there is a rare person that might walk by. Typically there is no one going past this lanai and it feels very private! Fabulous location for the entire complex as well; minutes to Kamaole I Beach, restaurants, shopping and many activities. Tenant occupied and would love to stay. Unit being sold fully furnished. Pictures of Kamaole I Beach were taken across the street at the beach, not from the unit.



UPCOUNTRY HOT BUY!
1630 OLINDA ROAD - Magnificent Southside to North shore Ocean, Pasture and West Maui Views from this exquisite, Olinda custom home. Full attention to detail and fine craftsmanship throughout. Attached guest quarters and 3 car garage, plus separate office and workshop building. Waterfall cascades into beautiful pool and spa just a few steps off of the lanai. Beautiful grounds with organic gardens and abundant fruit trees. Ideal temperate year-round climate and just minutes to Seabury Hall and charming Makawao town. Main home features an ultimate kitchen fit for a king-queen-chef with an large island, commercial grade wolf range, 2 dishwashers, 2 sinks, built in full refrigerator and separate freezer, exquisite custom Koa cabinets, built in desks & Mango floors. Living area, which opens off of kitchen, features beautiful rock fireplace, 100” retractable drop screen for TV, HD projector, beautiful soffit and lighting. Master Suite downstairs with three full bedrooms and two baths upstairs. Specialized sauna, steam shower, exercise room with huge double laundry room/workshop. Steps away and separate, but under the same roof, enjoy the large, spacious and open upstairs guest quarters. Central heat throughout although rarely necessary in this ideal climate zone. Security system, Sound system, Water Filtration, Photovoltaic system, Passive Solar for pool, Heated floors in office and master bedroom. Trees include Koa, Norfolk pine, avocado, cherimoya, oranges, lemon, lime, grapefruit, kefir limes and bananas.




   
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
Looking for the current Bank Owned Foreclosures on Maui?  Click HERE. 

Lender Corner by Craig Haueisen                                                                                         
Last Week In The News
The combined construction of new single-family homes and apartments in March rose 7% to a seasonally adjusted annual rate of 1,036,000 units. Single-family starts decreased 4.8%. Volatile multifamily starts rose 31.1%. Compared to the previous year, housing starts were up 46.7% in March. Applications for new building permits, seen as an indicator of future activity, fell 3.9% to an annual rate of 902,000 units.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending April 12 rose 4.8%. Refinancing applications increased 5%. Purchase volume rose 4%, the highest level since May 2010.
The National Association of Home Builders/Wells Fargo monthly housing market index fell two points in April to 42. An index reading below 50 indicates negative sentiment about the housing market.
Consumer prices fell 0.2% in March, following a 0.7% increase in February. Compared to March 2012, consumer prices have risen 1.5%. Consumer prices at the core rate — excluding volatile food and energy prices — were up 0.1% in March.
Industrial production at the nation's factories, mines and utilities rose 0.4% in March after a 1.1% increase in February. Compared to March 2012, industrial production has increased 1.9%. Capacity utilization rose to 78.5% in March from 78.3% in February.
Initial claims for unemployment benefits for the week ending April 13 rose by 4,000 to 352,000. Continuing claims for the week ending April 6 fell by 35,000 to 3.06 million. The less volatile four-week average of claims for unemployment benefits was 361,250.
Upcoming on the economic calendar are reports on existing home sales on April 22, new home sales on April 23 and gross domestic product on April 26.
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

Wednesday, April 17, 2013

Wednesday Morning Coffee on Maui - 4/17/13



Aloha & Good Morning!

Today Maui will have abundant sunshine and a high 84 degrees!    

This is the Open House Issue for Wednesday Morning Coffee!  I have several open house events this week and you don't want to miss out on any of them.  Hosting an open house was a featured article on the Real Estate Sales Maui website earlier this month.  You can read all about it in the article link below.  


As always, please share this information with your friends and family.  I'd love to see you at one of these featured open house events this week!

KULA OPEN HOUSE
This is an afternoon of tea & mimosas you won't want to miss out on while previewing this amazing estate.  The house hasn't even hit the market yet so you have a rare opportunity to get in before anyone else.  If you are on Maui, please come check out this plantation style one-of-a-kind property!  This is an estate sale and the board of directors will be reviewing all offers 7 days after this sale goes into MLS.  You will KICK YOURSELF if you miss this opportunity to get in and purchase this estate.

The property is being sold fully furnished with many antique pieces worth over $50,000.  Situated on over 1.7 acres, this gorgeous Kama'aina property is very private with ocean and West Maui Mountain views.  Additionally, there is a 2 bedroom cottage with 2 garages and another little guest studio.
Don't miss out on this once-in-a-lifetime opportunity!

WHEN: Sunday, April 21st from 1:00 PM to 4:00 PM

WHAT: Afternoon tea, mimosas, mini sandwiches and pupus and an amazing open house

WHERE: 206 Kawehi Place, Kula
Need help finding the open house?  Give me a call or text 808-298-7850


KAMAOLE SANDS #5-305, KIHEI    
This is the best of the best in Kihei! VIEW, VIEW, VIEW!!! Ocean view from master bedroom, ocean view from living room and kitchen & gorgeous Haleakala view from 2nd bedroom. Watch the sunrise over Haleakala in the am & sunset from your ocean view lanai. Watch the whales jump & Mamma & baby swim by without leaving your condo. Continuous sheltered ocean breezes & sheltered afternoon sun from the position of the building & placement of palms trees, makes the location of this unit superb! A/C is rarely needed. This condo is a rare two bed/two bath in the inner circle & all on one level. Completely remodeled in 2006. Cabinets are African mahogany with a bamboo pattern carved into the doors. Granite countertops. Double sink in master bath. This beautiful 15 acre complex is located directly across from Kamaole Beach III. It boasts a large swimming pool, 3 hot tubs, 3 tennis courts & 8 BBQ areas. Fresh water ponds & waterfalls add to the gorgeous tropical landscaping. There is also an onsite activities desk, a gym with new equipment & professional security. Each gate has video surveillance cameras as well as throughtout the complex. AND, to top it off...weekly Maui Tai parties at the pool, offering professional singers, hula dancers & free drinks!!! Unit being sold furnished. Has two parking spaces.
Unable to come? Check out the full listing HERE!

WHEN: Wednesday, April 17th from 3:00 PM to 5:00 PM

-AND AGAIN-

WHEN: Friday, April 19th from 1:00 PM to 4:00 PM

WHERE: Kamaole Sands
2695 S Kihei Road, #5-305
Need help finding the open house?  Give me a call or text 808-298-7850


NEW PRICE REDUCTION!

Kihei Alii Kai, #D-106 has a new price! You can now own this Fantastic South Kihei Condo for less! 



New Price - $278,500
Check out more HERE!


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

Lender Corner by Craig Haueisen                                                                                         
Last Week In The News
Retail sales fell 0.4% to $418.3 billion in March. This follows a 1% increase in February. Compared to March 2012, retail sales have increased 2.8%.
Wholesalers decreased their inventories 0.3% to $501.4 billion in February. Sales at the wholesale level rose 1.7% to $422.5 billion in February. On a year-over-year basis, sales were 3.7% higher than February 2012.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending April 5 rose 4.5%. Purchase volume fell 1%. Refinancing applications increased 6%.
Import prices fell 0.5% in March, following a 0.6% increase in February. On a year-over-year basis, import prices were down 2.7% in March. Export prices fell 0.4% in March, following a 0.7% increase in February. Compared to a year ago, export prices were up 0.3% in March.
The producer price index, which tracks wholesale price inflation, fell 0.6% in March, following a 0.2% decrease in February. On a year-over-year basis, wholesale prices were up 1.1% in March. Core prices — excluding food and fuel — rose 0.2% in March.
Total business inventories rose 0.1% in February to $1.642 trillion, up 4.9% from a year ago. Total business sales increased 1.2% to $1.268 trillion in February, up 3.7% from a year ago. The total business inventories/sales ratio in February was 1.28.
Initial claims for unemployment benefits for the week ending April 6 fell by 42,000 to 346,000. Continuing claims for the week ending March 30 fell by 12,000 to 3.08 million. The less volatile four-week average of claims for unemployment benefits was 358,000.
Upcoming on the economic calendar are reports on the housing market index on April 15, housing starts on April 16 and the leading economic indicators on April 18.
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

Wednesday, April 10, 2013

Wednesday Morning Coffee on Maui - 04/10/13



Aloha & Good Morning!

Today's forecast for Maui will see a slight chance of a shower with a high near 85 degrees!    

The Realtors Association of Maui just released the March Sales Statistics.  While the data is important it is necessary to know that the data is for a short amount of time and only looks at the first three months of the year.  

Below you will find two sets of numbers for residential, condo and land sales.  The first data table shows the total number of units sold for the first three months of the year and compares both 2013 and 2012.  The second grid of numbers shows the median sales price for the same time frame.  

The number of residential units sold was only down by two units when comparing last year and this year and reflects a -1% change.  The median sales price on residential sales rose by 17% from last year's numbers.  Condo sales decreased by 13%.  However, the median sales price rose by 9%.   There were two more land lot sales in this time frame that reflect a 5% increase in units sold and a median price percentage increase of 34%.  Again the numbers are compiled from the sales of units for January, February and March and we are comparing 2013 data with 2012 data. 

 




The Realtor Association of Maui states that inventories have fallen by 14-16%.  If you are looking to sell your 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.  By having your property in the right price with the right look you can expect to see multiple offers.  You can call or email me today and we can look at comparable sales in your neighborhood. I have great tools to help you get your property seen and sold!

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.
The inventory is down but the prices are also still low and as you can see they are rising.  Now is the time to get into the market.  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. 

NEW LISTING IN KIHEI!  

KIHEI SHORES CONDO  - Nice ocean views from your living area and master bedroom in this 2 bedroom 2 bath unit.  Only three steps up into the private entryway not shared with any other home owners.  Beautifully remodeled unit was done in 2008 with granite counter tops, new appliances, new bathrooms, flooring, paint - Everything! Being sold full furnished.


PENTHOUSE CONDO!  
It has been 15 years since one of these top floor corner unit penthouses homes has been available on the market.  Don't miss your chance to own this 2 bedroom 2 bath top floor penthouse with exclusive HUGE patio with private Jacuzzi, outdoor shower, and expansive views is available for purchase! The penthouse also has high vaulted ceilings, a remodeled kitchen with new stainless steel appliances and bathrooms with elegant granite. Vacation rental business with future bookings to transfer to new owner.  Rental income has been $120,000 per year.  Contact me today for a private showing. 



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 the current Bank Owned Foreclosures on Maui?  Click HERE.

Looking for more great articles, videos and advice?  Check out the Real Estate Sales Maui Team on FACEBOOK, TWITTER, BLOGGER and PINTEREST

Lender Corner by Craig Haueisen                                                                                         
Last Week In The News
Total construction spending rose 1.2% to $885.1 billion in February, following a 2.1% decrease in January. Compared to February 2012, construction spending has risen 7.9%.
Retail sales rose 4.7% for the week ending March 30, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 1.9%.
Manufacturing activity fell to 51.3 in March after a reading of 54.2 in February. A reading above 50 signals expansion. This was the fourth consecutive month of expansion.
Factory orders rose $14.5 billion, or 3%, in February to a seasonally adjusted $492 billion. This follows a 1% decrease in January. Excluding the volatile transportation sector, orders increased 0.3% in February.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending March 29 fell 4%. Purchase volume rose 1%. Refinancing applications decreased 6%.
Non-manufacturing activity fell to 54.4 in March from 56 in February. A reading above 50 signals expansion. It was the 39th straight month of expansion in the services sector.
The trade deficit decreased to $43 billion in February from $44.5 billion in January. Exports rose $1.6 billion to $186 billion. Imports increased $0.1 billion to $228.9 billion.
Initial claims for unemployment benefits for the week ending March 30 rose by 28,000 to 385,000. Continuing claims for the week ending March 23 fell by 8,000 to 3.06 million. The less volatile four-week average of claims for unemployment benefits was 354,250. The unemployment rate decreased to 7.6% in March from 7.7% in February. Employers added 88,000 jobs in March.
Upcoming on the economic calendar are reports on wholesale trade on April 9 and retail sales on April 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