Aloha & Good Morning!
Today's forecast for Maui will be a
beautiful sunny day and 80 degrees!
I've had a really great week on Maui and I wanted to share some of the wonderful activities that I've experienced. While it is true that I work a lot I also get time to enjoy this beautiful island including the wonderful people here and the amazing natural wonders.
One of my favorite experiences is to celebrate a new purchase with my clients and friends. Recently I had the pleasure to join my friend Steve Lambert at his new home for a house warming party. It brings me such joy to be your Realtor and to know that I've helped you find your Dream Maui Address!
IN THE NEWS
Maui Real Estate Market Mirrors National Housing Recovery - I agree with many of the points in this article. It is very true that the shrinking inventory along with the multiple buyers has contributed to a very strong first quarter in 2013.
Uptick in South Maui Commercial Real Estate - Not all of the country has the sequestration jitters. The stock market hit a record high recently--well over 14,000--and there are other indications closer to home that echo the same bullish sentiment. In that little strip of land called South Maui, veteran commercial real estate brokers Ed Bello of Bello Realty Inc. in Kihei and Bill Gresham of The Gresham Co. Inc. in Wailea are whistling a happy tune. Both men have been active in the local market for over 25 years, and they both reported a decided uptick in the pace of commercial activity in recent months.
Maui Sales of Condos Strongest in 5 Years - Condominium sales on Maui hit a five-year high for February, reflecting a generally brightening real estate market, according to a report by the Realtors Association of Maui.
BACK ON THE MARKET!
The escrow on this Kihei Bay Surf
condo is cancelling and this great buy is back on the market! Check out this
great location across from the ocean.
The unit is fully furnished and even has a peekaboo ocean view from the
covered lanai. Kihei Bay Surf features
118 studio units with a pool, jacuzzi, BBQ area with tables, tennis courts and
a community laundry room. Cable and
elctric are included in the monthly HOA dues.
The flooring is Pergo and tile and there is a Murphy bed to maximize
space.
Maui's best priced fee simple
vacation rental condo is available for only $169,000!
With Maui's lack of inventory in this
price range, this condo received multiple offers and went into escrow within 10
days. Now falling out of escrow, that buyers loss is your blessing.
KIHEI BEST BUYS!
ISLAND SURF CONDO - This ocean view
2 bedroom 2 bath vacation rental is perfectly situated walking distance to
beaches, surfing, stand up paddling and dining. Great location with winter
sunsets and the cove surf spot. Location is on the quiet side of building. Only
1.5 miles from Wailea. Upgraded with large custom tile, Pergo and granite
countertops. Custom closet organizers in both bedrooms and 2 oversized storage
closets large enough for bikes & beach toys. Master bedroom can be
"locked off" for 2 separate rental units. No appliances. AOAO bills
for owner and prorated share of common area electric on monthly AOAO statement.
This is a short sale, all terms and conditions subject to lender's approval.
LUANA KAI CONDO - Surrounded by
extra ordinary beauty ,only a few will enjoy , the rare privilege of life at
Luana Kai. Enjoy gorgeous panoramic ocean views just steps from this highly
desirable 1 bdrm., 1 bath garden unit. Take in some of the most beautiful Maui
Sunsets, or watch the whales as they swim by in the channel with views of Lanai
and Kaaholawe, as you stroll on the beautiful green belt right along the ocean.
This apartment offers floor to ceiling sliding glass doors, that open onto a
large lanai. This fully furnished unit would make a very special Hawaiian
vacation retreat or Get-Away, a second home or rental investment property. This
beautiful vacation rental complex has a front desk, on-site rental manager, and
all the amenities that quests & owners desire, including a newly resurfaced
Pool area with barbeques, spa/hot tub, putting greens, tennis courts &
nicely maintained Hawaiian-style grounds and tropical ambiance. Extremely easy
to show when vacant.
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!
Last
Week In The News
The Standard & Poor's/Case-Shiller 20-city housing price index — on a
non-seasonally adjusted basis — rose 0.1% in January after a 0.2% increase in
December. On a year-over-year basis, prices rose 8.1% compared with January
2012, the largest annual gain since the summer of 2006. Orders for durable goods — items expected to last three or more years — increased $12.4 billion, or 5.7%, to $232.1 billion in February. This follows a 3.8% decrease in January. Excluding volatile transportation-related goods, February orders posted a monthly decrease of 0.5%.
New home sales fell 4.6% in February to a seasonally adjusted annual rate of 411,000 units from a rate of 431,000 units in January. On a year-over-year basis, new home sales were 12.3% higher than February 2012. At the current sales pace, there is a 4.4-month supply of new homes on the market.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending March 22 rose 7.7%. Purchase volume rose 7%. Refinancing applications increased 8%.
Pending home sales, a forward-looking indicator based on signed contracts, fell 0.4% in February after a revised 3.8% increase in January. On a year-over-year basis, pending home sales were 8.4% higher than February 2012.
The Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at an annual rate of 0.4% in the fourth quarter of 2012. This follows a 3.1% pace of growth in the third quarter of 2012.
Initial claims for unemployment benefits for the week ending March 23 rose by 16,000 to 357,000. Continuing claims for the week ending March 16 fell by 27,000 to 3.05 million. The less volatile four-week average of claims for unemployment benefits was 343,000.
Upcoming on the economic calendar are reports on construction spending on April 1, factory orders on April 2 and the employment situation on April 5.
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
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