Wednesday, August 28, 2013

Wednesday Morning Coffee on Maui 8/28/13



Aloha & Good Morning!

Today's forecast for Maui will be a beautiful sunny day and 89 degrees!      

The latest version of the Real Estate Sales Maui iPhone App (version 1.1) has just been released on the Apple App Store.

The updated iPhone app now includes daily open house listings (Today's Open Houses).  The app has also been improved to accommodate for the upcoming iOS7.

You can download the Real Estate Sales Maui Mobile Apps today or update your iPhone app to the newest version.  The app allows you to search for properties on Maui and neighboring islands.  You will be able to quickly review property pricing, location and detailed listing information.  In the RESM app you can scroll through photos of homes, condos, time-shares, businesses and vacant land for sale and you can use an interactive map to find your property.  You can also save your favorite properties and have one touch access to recent property searches you've made. Check out all that this app has to offer and download it today for FREE!!


IN THE NEWS
Three Hawaii Markets Have Highest Home-Price Increases in the Nation - The Kahului-Wailuku market had a 22.55% year-over-year increase!
Road To Hana: Adventure of a Lifetime - Great story on a couple's road to Hana experience.  Even better are the pictures in this blog. If you are making plans to visit Maui you should make time to take the road to Hana.  Ask me all about it!
The Best Towns in Hawaii for Young Families - Wailuku and Haiku made this list!  Check out why they are considered the best towns in Hawaii for young families.
What Is Modern? - Sleek design, open floor plans, and great natural lighting are all appealing characteristics of modern architecture.
I also wanted to show you the newest face of the Windermere Paia office!  It was recently painted and looks so lovely.  Please stop by and see me any time! 


KIHEI BEST BUY! 
KIHEI KAI NANI  CONDO - Walk to everything! Just across the street from the clean white sandy beaches and clear blue waters of Kamaole Beach Park 2 in South Maui, this upgraded ground floor condo offers a convenience and lifestyle that brings travelers back year after year. Condo 137 sits just across the resort style pool and the heart of Kihei Kai Nani, yet offers a peaceful and quiet oasis. High end upgrades include travertine floors, 2 inch granite countertops, recessed ceiling lights, fully renovated bathroom, and a rare and highly coveted interior washer/dryer. All Furnishings included in sale. Unit is Turn Key and registered with Kihei Kai Nani Rentals. All future bookings included in sale, subject to KKN Rental Terms. Owner is licensed real estate agent in Florida.


OPEN HOUSE
This week Kamaole Sands #5-305 is going to be on open house over several days.  If you or someone you know is interested in this condo complex then I would love to see you at one of these open house dates. 
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 throughout 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!

Wednesday, August 28th from 11:00 AM to 3:00 PM
Hosted by Debbie Guimond, R(S), ABR, RRS

Wednesday, August 28th from 3:00PM to 6:00PM
Hosted by Jean Keating, R(S)

Thursday, August 29th from 12:00PM to 3:00PM
Hosted by Michael Kerwin, R(S)

Friday, August 30th from 12:00PM to 3:00PM
Hosted by Michael Kerwin, R(S)

Saturday, August 31st from 12:00PM to 3:00PM
Hosted by Lisa Mascaro, R(S)


WHERE: Kamaole Sands
2695 S Kihei Road, #5-305
Need help finding the open house?  Give me a call or text 808-298-7850
Don't forget to get your name in for this year's exciting iPad giveaway!  

Click HERE to see all the current listings with Real Estate Sales Maui!

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!   

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
Existing home sales rose 6.5% in July to a seasonally adjusted annual rate of 5.39 million units from 5.06 million units in June. Compared to a year ago, existing home sales were up 17.2% in July. The inventory of unsold existing homes on the market rose 5.6% to 2.28 million in July, a 5.1-month supply at the current sales pace.
New home sales fell 13.4% in July to a seasonally adjusted annual rate of 394,000 units. On a year-over-year basis, new home sales were 6.8% higher than July 2012. At the current sales pace, there is a 5.2-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 August 16 fell 4.6%. Purchase volume rose 1%. Refinancing applications decreased 8%.
The index of leading economic indicators — designed to forecast economic activity in the next three to six months — rose 0.6% in July, following a flat reading in June.
Retail sales fell 1.9% for the week ending August 17, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.2%.
Initial claims for unemployment benefits for the week ending August 17 rose by 13,000 to 336,000. Continuing claims for the week ending August 10 rose by 29,000 to 2.999 million. The less volatile four-week average of claims for unemployment benefits was 330,500.
Upcoming on the economic calendar are reports on durable goods orders on August 26, the housing price index on August 27 and pending home sales on August 28.
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

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Wednesday, August 21, 2013

Wednesday Morning Coffee on Maui 8/21/13

Aloha & Good Morning!
Today's forecast for Maui will be partly sunny with a high of 88 degrees!
July Sales Stats
The Realtors Association of Maui recently released the July Sales Statistics.  I've made a comparison chart for the data below that looks at the same time period for both 2012 and 2013.      

In the data tables 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 months from January through July for 2012 and 2013.  The second grid of numbers shows the median sales price for the same time frame. 

For the first seven months of this year we've seen positive gains in all three categories for both the number of units sold and the median sales price.   

This news is really good for both buyers and sellers.  For buyers it means that the market is going up so if ever there was a time to get into the market that time is now.  For sellers it means that you can actually sell your property and upgrade to your next Maui Dream Address.  The key when looking to sell your property is to set your price with competing properties.  Know what you are up against and be prepared so that your property is attractive to buyers.  By having your property in the right price with the right look you can anticipate multiple offers.  

There are several new articles on the Real Estate Sales Maui website for both active buyers and motivated sellers.  Please check them out below for more details.  As always you can find more great times and articles the RESM website in the Sellers News Section and the Buyers News Section.  New articles are posted several times a week to keep you up-to-date and informed.

ARTICLES

Housing Recovery Nears Equilibrium - Good news for homebuyers. On average, the home prices in 38 cities were unchanged in July, compared to June this year and that’s a first for the year.

Time To Buy Real Estate? Potential Buyers Think So - It seems many buyers who’ve been sitting on the sidelines may finally get in the game, according to Fannie Mae’s June 2013 National Housing Survey. The reason? The fear and expectation of both mortgage interest rates and housing prices going up.

Pricing Your Home to Sell  - How much your home is worth to you and how much it is considered to be worth in the real estate market can be two very different numbers.

Your Home-Selling Strategy  - As the real estate market is making its comeback, now is a good time to take a look at your strategy for selling your home.



OPEN HOUSE
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 throughout 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, August 21st from 11:00 AM to 3:00 PM
Hosted by Debbie Guimond, R(S), ABR, RRS

~and again~

WHEN: Thursday, August 22nd from 12:00 PM to 3:00 PM
Hosted by Lisa Mascaro, R(S)

WHERE: Kamaole Sands
2695 S Kihei Road, #5-305
Need help finding the open house?  Give me a call or text 808-298-7850
Don't forget to get your name in for this year's exciting iPad giveaway!  

Click HERE to see all the current listings with Real Estate Sales Maui!

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!   

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 National Association of Home Builders/Wells Fargo monthly housing market index rose three points in August to 59, the strongest reading since November 2005. An index reading above 50 indicates positive sentiment about the housing market.
The combined construction of new single-family homes and apartments in July rose 5.9% to a seasonally adjusted annual rate of 896,000 units. Single-family starts decreased 2.2%. Volatile multifamily starts rose 26%. Compared to the previous year, housing starts were up 20.9% in July. Applications for new building permits, seen as an indicator of future activity, rose 2.7% to an annual rate of 943,000 units.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending August 9 fell 4.7%. Purchase volume fell 5%. Refinancing applications decreased 4%.
Retail sales rose 0.2% to $424.5 billion in July. This follows a 0.6% increase in June. Compared to July 2012, retail sales have increased 5.4%.
Total business sales increased 0.2% to $1.285 trillion in June, up 4.9% from a year ago. Total business inventories were unchanged in June at $1.655 trillion, up 3.5% from a year ago. The total business inventories/sales ratio in June was 1.29.
Consumer prices rose 0.2% in July, following a 0.5% increase in June. Compared to July 2012, consumer prices have risen 2%. Consumer prices at the core rate — excluding volatile food and energy prices — were up 0.2% in July.
Initial claims for unemployment benefits for the week ending August 10 fell by 15,000 to 320,000, the lowest level since November 2007. Continuing claims for the week ending August 3 fell by 54,000 to 2.969 million. The less volatile four-week average of claims for unemployment benefits was 332,000.
Upcoming on the economic calendar are reports on existing home sales on August 21 and new home sales on August 23.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   

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Wednesday, August 14, 2013

Wednesday Morning Coffee on Maui - 8/14/13



Aloha & Good Morning!

Today's forecast for Maui will be mostly sunny and breezy with a high of 86 degrees!

Everywhere we turn these days we hear that the Real Estate market is HOT. Not just on Maui, but nationwide. We hear that properties which are priced well sell quickly; we hear of multiple offers and bidding wars. But is this really what’s happening? Or are Realtors exaggerating? This newsletter will provide some actual data that shows just how HOT the market is.

Let’s start with sales. Comparing the first 7 months this year to the same time period last year, for sales of single family properties Island wide we see a major increase.


This chart clearly shows that sales are increasing and the improved market has reached well into the over $1 million market. But is this HOT?

To best demonstrate how hot this market is, the chart below shows how quickly the sales went into escrow regardless of how long it took to close the sale. As you look at these numbers, it’s fair to say that anything that goes into escrow within 2 weeks has competitive bids or at least two buyers interested. Take a look at how the market has changed in just one year:
 
The column on the far right tells it all: that’s the percentage of properties on the market that went into escrow in less than 20 days. For Maui this is unheard of and it indeed says our market is HOT. Buyers are experiencing stiff competition for the properties they want, and the same picture applies to condos. They are in demand and competition is fierce.

If you've been wanting to get into the Maui market but you've been holding off  then now is the time to get out there and start your search!  It is never too late to get a great deal and find your Maui Dream Address!  The best part of searching just got easier if you are a mobile device user because now you can download the Real Estate Sales Maui App on your Apple and Android mobile devices.  Click her to download the free app! 

Below are some of the properties that were HOT in the last few months and sold quickly:

42 Kawailani Circle, Kihei
This 2 bedroom 2 bath home of 982 sqft. on 3,894 sqft. of land went into escrow in 6 days and sold at asking price of $499,000. This home is located in the desirable subdivision of Piilani Village II.

8195 Kula Highway, Kula
This charming 80 year old well maintained residence of 2 bedrooms and 2 baths in 1608 sqft., on 2.5 acres in Kula with ocean and mountain views, went into escrow in 6 days and sold at asking price of $799,000.           

566 Kaleo Place, Maui Meadows, Kihei
This spectacular 4 bedroom 4 bath home with a 2/1 ohana on .55 acres of land in Maui Meadows went into escrow in 4 days and sold just 5% under asking price at $1.5 million.




PACIFIC BUSINESS NEWS
Pacific Business News has a great section for August called Face to Face and I am so proud to share that Windermere Valley Isle was featured!  The link below takes you to the photo and you can see us in #30 on the slide show.  This was from the work day we held at The Maui Farm and it was a great opportunity for the Windermere family of realtors to get out of the office and work the land while giving back to our beautiful community. 

Link to Windermere Featured Picture Here                 

RESM MOBILE APP
Are you looking for an easy and smart way to start shopping?  Check out the Real Estate Sales Maui Mobile Apps.  The app allows you to search for properties on Maui and neighboring islands.  You will be able to quickly review property pricing, location and detailed listing information.  In the RESM app you can scroll through photos of homes, condos, time-shares, businesses and vacant land for sale and you can use an interactive map to find your property.  You can also save your favorite properties and have one touch access to recent property searches you've made. Check out all that this app has to offer and download it today for FREE!!!
As always, myself and my team at Real Estate Sales Maui are here to help you.  If you have any questions please do not hesitate to contact us.  We strive to create a genuine home selling or buying partnership with you. 

OPEN HOUSE
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 throughout 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: Thursday, August 15th from 11:00 AM to 3:00 PM
Hosted by Lisa Mascaro R(S)

~and again~

WHEN: Sunday, August 18th from 2:00 PM to 5:00 PM
Hosted by Randy Keller, R(S)

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

Don't forget to get your name in for this year's exciting iPad giveaway!  
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!   
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
Non-manufacturing activity rose to 56 in July from 52.2 in June. A reading above 50 signals expansion. It was the 43rd straight month of expansion in the services sector.
The trade deficit decreased from $44.1 billion in May to $34.2 billion in June. It was the lowest trade gap in more than four years. Exports rose $4.1 billion to $191.2 billion. Imports decreased $5.8 billion to $225.4 billion.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending August 2 rose 0.2%. Purchase volume rose 1%. Refinancing applications were unchanged.
According to the Federal Reserve, monthly consumer credit debt rose $13.8 billion in June for a total credit debt level of $2.848 trillion. Revolving debt, which includes credit cards, decreased $2.7 billion to $853.6 billion. Non-revolving debt, including loans for cars, rose $16.5 billion to $1.994 trillion.
Wholesalers decreased their inventories 0.2% to $499.7 billion in June. Sales at the wholesale level rose 0.4% to $425.9 billion in June. On a year-over-year basis, sales were 5.6% higher than June 2012. The seasonally adjusted wholesale inventories/sales ratio in June was 1.17, the leanest reading since April 2012.
Retail sales rose 0.3% for the week ending August 3, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.5%.
Initial claims for unemployment benefits for the week ending August 3 rose by 5,000 to 333,000. Continuing claims for the week ending July 27 rose by 67,000 to 3.018 million. The less volatile four-week average of claims for unemployment benefits was 335,500.
Upcoming on the economic calendar are reports on retail sales on August 13, the housing market index on August 15 and housing starts on August 16.
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
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