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
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.comClick here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
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