Wednesday, August 7, 2013

Wednesday Morning Coffee on Maui - 8/7/13



Aloha & Good Morning!

Today's forecast for Maui will sunny with a high of 86 degrees!

Ever wonder what the ultra-luxury market on Maui looks like?  Maybe it is your dream Maui address or maybe you are in the market for one of these multimillion dollar estates.  Either way, you will want to take a quick look at the pictures in these listings.... they are truly breathtaking!

This first listing was recently featured in ocean Home Magazine's August/September 2013 issue as one of the Top 10 Homes For Sale in the U.S. and it was placed there because of the spectacular views of the ocean. With an asking price of $20.88 million dollars you can see what a piece of the very high end market looks like. 



Just down the street is a second listing that was listed this spring with an asking price of $28 million dollars.




Beyond these luxury listings, Maui county has so much news going on right now.  Both in the real estate circles and the economy which includes our tourist industry.   I want to share with you some of the local news.
LOCAL MAUI NEWS

Kapalua Time Shares to Become Luxury Hotel - New management and an upgrade will create an all-luxury suite hotel know as The Residences at Kapalua Bay.  

Waldorf Astoria Attracts Families with Survival-themed Fun - The Grand Wailea resort is created a "Hunger Games" style survival landscape to attract a younger crowd.  The "Wilderness Survival Program" teaches guests as young as 5 how to food source, build endurance, practice archery and other skills. 

State of the Hotel Industry in Maui, Hawaii - May had a record setting level for room revenue but could tourism be cooling off this summer?

Two Hawaii Bed and Breakfasts Make Top 10 List - Bedandbreakfast.com rated Hoolio House in Lahaina as a top 10 B&B on their recent list!

Hawaiian Airlines increasing Hawaii to Oakland service to daily flights - Hawaiian Airlines will increase its service between Oakland and Honolulu International Airport from four times per week to daily, starting Jan. 5.

Windermere Valley Isle Properties volunteers at The Maui Farm - This was a nice article about our recent volunteer event at The Maui Farm!

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 7th from 11:00 AM to 3:00 PM
Hosted by Debbie Guimond, R(S), ABR, RRS

~and again~

WHEN: Sunday, August 11th from 2:00 PM to 5:00 PM
Hosted by Ed Coughlin, 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
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 2.4% in May after a 2.6% increase in April. On a year-over-year basis, when compared with May 2012, prices rose 12.2%, the largest annual gain since March 2006.
Pending home sales, a forward-looking indicator based on signed contracts, fell 0.4% in June. On a year-over-year basis, pending home sales were 10.9% higher than June 2012.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending July 26 fell 3.7%. Purchase volume fell 3%. Refinancing applications decreased 4%.
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 1.7% in the second quarter of 2013. This follows a 1.1% pace of growth in the first quarter of 2013.
Manufacturing activity rose to 55.4 in July after a reading of 50.9 in June. A reading above 50 signals expansion.
Total construction spending fell 0.6% to $883.9 billion in June, following a 1.3% increase in May. Compared to June 2012, construction spending has risen 3.3% on a year-over-year basis.
Factory orders rose $7.6 billion, or 1.5%, in June to a seasonally adjusted $496.7 billion. This follows a 3% increase in May. Excluding the volatile transportation sector, orders decreased 0.4% in June.
Initial claims for unemployment benefits for the week ending July 27 fell by 19,000 to 326,000. Continuing claims for the week ending July 20 fell by 52,000 to 2.951 million. The less volatile four-week average of claims for unemployment benefits was 341,250. The unemployment rate fell to 7.4% in July, its lowest level since December 2008. Employers added 162,000 jobs in July.
Upcoming on the economic calendar are reports on international trade on August 6 and wholesale trade on August 9.
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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