Aloha & Good Morning!
Today's forecast for Maui isolated showers
with a high of 90 degrees!
August Sales Stats
The Realtors
Association of Maui recently released the August 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 August for 2012 and
2013. The second grid of numbers shows
the median sales price for the same time frame.
For the first eight
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.
What does that mean for buyers? I would
encourage you to get your finances in order and speak to a lender. Buyers who are ready to go when they enter
the market will be able to find that beautiful Maui address of their dreams but
they also must be prepared. With the
right preparation and market expectations we can work together to help reach
your Maui Dream Address.
For sellers, this 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 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
Maui Condo Price Jumps 12 Percent on Higher Sales - This is a great article on Pacific Business News that shows just how strong the condo market is on Maui. This article looks at the number of sales for just the month of August and compares both 2012 and 2013 August sales.
Investors in Hawaii's Commercial Real Estate Buying Property in Waves - From retail properties to large residential transactions and now hotel purchases, the buying wave has been hitting Maui.
Increase the Value of Your Home - Sellers are always looking for top dollar on the sale of their home but sometimes they make some mistakes that could devalue their home and cost them dearly.
Demystifying Real Estate Terminology For Homebuyers - First-time home buyers can have a tough time sorting through real estate terms spewed by real estate agents, lenders, real estate attorneys and other real estate professionals. Here's a brief alphabetical glossary of some basic real estate terms first-time home buyers need to know.
MAUI BEST BUYS
Wailuku
Hotel - Being sold fully furnished this amazing urban hideaway is a turnkey
business opportunity, or a sweet house hidden down a quiet lane in Old Wailuku
Town. Blessed with being in the Wailuku Redevelopment Zone, one can operate a
B&B or short term rental here with NO PERMIT REQUIRED. What a great opportunity for a live/work
situation since there are so many permitted uses for this specially zoned
property. All the high end furnishings are included in the sale - organic
mattress, and linens, custom Lee Industries sectional couch and many more
interesting items. New appliances, new washer dryer, new concrete floors, large
fan, wireless internet, keyless entry, and yes the manual typewriter is
included! There is a custom barn door with a wireless flat screen TV mounted
right on the door! Two car parking, plus two hour parking for clients on
Maluhia Drive. Just bring a bottle of wine (or water) and hang your sign
outside the door. Or walk through the short cut behind the Iao Theater to
partake in First Friday. Seller is listor and has an active Real Estate
License. Square footage does not coincide with county records.
Listing
with Carol Ball & Associates
Maui
Banyan #F103 - This is a lock off ground floor unit nicely furnished and
located front row, directly across the street from the beautiful Kamaole Beach
Park II. There is a nice peek a boo ocean view from the double lanai. Start your day with some of the best swimming
and snorkeling Maui has to offer, or take a short walk to the nearby
restaurants and shops. If you prefer to stay at home, the on-site amenities
include 2 swimming pools, 2 Jacuzzi tubs, BBQ's and a tennis court. Additional
features include Cable TV - Washer/Dryer - Air Conditioning - Covered Parking -
Night Security - Pet Friendly. One Seller is a licensed Realtor in the State of
California.
Listing
with Maui International Real Estate Services
Hale
Kanani #1-201 - As the sun peaks over Haleakala, your morning begins on
your ocean view lanai, sipping java, while watching the colors of the day
slowly light up the South Maui coastline. You ponder the many options that lay
just steps from your lanai. Here in the heart of Maui’s world class community
and just steps away, you may enjoy a swim at Charlie Young Beach, a stroll
along Kamaole 1 beach, a bike ride along the ocean front trail, a paddle at
famous Cove Park, or even a game of pick up beach volleyball. Walk to Kalama
Park and its expansive playgrounds, in-line skate rink, ball fields, and skate
park. Walk to restaurants, bars, coffee shops and you will find Life’s a Beach
at Hale Kanani 1-201. Hale Kanani is one of the newer condominiums built in
South Kihei and has a solid history of being well maintained. The complex
offers a resort style heated saline pool, hot tub, and barbeque grills. Condo
1-201 is a spacious 3 bedroom 2 bath corner unit. Enjoy the light and airy
ambiance that extra windows allow. This wonderful condo has been meticulously
maintained and lightly used. Features include in-condo storage, full size
washer/dryer, granite counters, fans and cable in all rooms, Central A/C,
built-in microwave, 2 parking stalls and more. No short term vacation rentals
are permitted. Pets are allowed. Easy to show!
Listing
with Maui Estates International
OPEN HOUSE
Kamaole Sands #5-305 - 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,
September 19th from 1:00 PM to 4:00 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
Retail sales rose 0.2% to $426.6 billion in August. This follows a 0.4%
increase in July. Compared to August 2012, retail sales have increased 4.7%.The producer price index, which tracks wholesale price inflation, rose 0.3% in August, following a flat reading in July. On a year-over-year basis, wholesale prices were up 1.4% in August. Core prices — excluding food and fuel — were unchanged in August.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending September 6 fell 13.5%. Purchase volume fell 3%. Refinancing applications decreased 20%.
Wholesalers increased their inventories 0.1% to $500 billion in July. Sales at the wholesale level also rose 0.1% to $426.1 billion in July. On a year-over-year basis, sales were 5.7% higher than July 2012. The seasonally adjusted wholesale inventories/sales ratio in July was 1.17.
The Reuters/University of Michigan consumer sentiment index for September's preliminary reading fell to 76.8 from 82.1 in August.
Total business sales increased 0.6% to $1.293 trillion in July, up 4.6% from a year ago. Total business inventories rose 0.4% to $1.661 trillion in July, up 3.2% from a year ago. The total business inventories/sales ratio in July was 1.28.
Initial claims for unemployment benefits for the week ending September 7 fell by 31,000 to 292,000. Continuing claims for the week ending August 31 fell by 73,000 to 2.871 million, a new recovery low. The less volatile four-week average of claims for unemployment benefits was 321,250, the lowest level since October 2007.
Upcoming on the economic calendar are reports on the housing market index on September 17, housing starts on September 18 and existing home sales on September 19.
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
No comments:
Post a Comment