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.
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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