Aloha & Good Morning!
Today’s forecast for Maui will be mostly sunny with a chance for a shower. Highs in the 80′s.
September Sales Stats
The September Sales Statistics were released by the Realtors Association of Maui. Below you will find a comparison chart for the data for the number of units sold and the median sales price. Both charts below look at the same time period for both 2012 and 2013.
For the
first nine 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 is great news since we saw the same positive outcome from last month when we looked at the August numbers.
As we enter the last quarter of the year, Maui prepares for the busy season in real estate. I expect that my team and I will be very busy with both new listings and new buyers as we round out this year.
A few key items to take note for both sellers and buyers:
- Sellers need to be realistic when it comes to pricing and selling their home. Unrealistic goals will not yield quick results.
- Seller needs to beat out the competition by having a property in better condition than the others.
- Marketing makes a difference so choose wisely and choose a realtor that markets over many mediums including print and online. Real Estate Sales Maui utilizes many different resources in the marketing mix. We also have a customized mobile app for both Apple and Android products.
- We’ve seen properties that are priced competitively sell quickly and we’ve seen backup offers on these sales. The best deals are selling while over-priced items sit on the market.
- Buyers are able to get into the market with low interest rates; though you need to watch closely as rates have nudged upward.
- Proactive buyers will come into the market with a pre-approval to show their commitment to sellers and to allow them to shop with confidence.
- Buyers should come to the market with patience for the process. Lenders are more strict with their lending practices then they have been in the past.
MAUI BEST BUYS
Maui Vista #2206
– Wonderful opportunity at Maui Vista 2206! This one bedroom one
bathroom vacation rentable condominium offers many amenities including a
fantastic location, it shows well with pride of ownership, and is being
sold turnkey with quality furnishings. Take a short walk and layout on
the soft white sand at gorgeous Charley Young Beach, surf and paddle
board at popular Kihei Cove, or shop and dine and many nearby
restaurants and stores. Maui Vista offers three pools, six tennis
courts, multiple BBQ areas, and a well maintained property with tropical
flowers and plants throughout. A property not to be missed!
Grand Champions #37
– This is a turnkey ready 2bd/2ba unit, with 2nd bedroom lock-out
feature (live on one side, rent out the other for additional income).
You’ll love the open floor plan living area which opens to a covered
lanai area for outdoor entertaining and dining; extra large bedroom
suites offer lush tropical views from every window and en-suite bath;
lanai area offers partial ocean, island and mountain views; one reserved
parking space and guest parking near unit; almost 1,200 sqft of living
space plus 224 sqft covered lanai; two main access doors to unit; 9 ft
ceilings; large size stack washer/dryer; 3 AC units for efficient
cooling system; second floor location with short flight of stairs to
second level, and more! Visualize your own special touches to make this
an even more updated look. Grand Champions offers two pools, Jacuzzi,
lush landscaping, on-site manager/security, and short distance to all of
Wailea’s activities. The Wailea resort is one of the premier and
exclusive addresses in all of Hawaii, with 5 star hotels, upscale
shopping/dining, golfing, tennis club (next door!), white sand beaches,
and year-round perfect weather! Make this your tropical escape home
today at an affordable price! At time of listing, only one of three
2-bedroom condos in Wailea under $600k!
Listing with Maui Real Estate Advisors LLC
OPEN HOUSE
Kai Ani Village #2-102
– Fabulous modern and spacious green built 2 bedroom and 2 bath ground
floor unit with 2 parking stalls at the new and desired Kai Ani Village.
Open floor plan with beautiful construction of 9′ ceilings, granite
counter tops, cherry cabinets, Whirlpool SS appliances, separate laundry
room, ceramic floors in wet areas, 3 spilt AC, tiled shower and tub
walls, insulated, and fire sprinklers. Fantastic recreation area with
large saline pool and spacious pool side deck with cabanas, spa,
bar-b-que area, tropical landscaping and ample parking. Convenient
location one block from the beach. Walking distance to supermarkets,
gymnasiums, theaters, restaurants, post office, etc. Low maintenance
fees.
Unable to come? Check out the full listing HERE!
WHEN: Wednesday, October 16th from 1:00 PM to 4:00 PM
Hosted by Debbie Guimond, R(S), ABR, RRS
WHERE: Kai Ani Village
1367 S Kihei Road, #2-102
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
According to the Federal Reserve, monthly
consumer credit debt rose $13.6 billion in August for a total credit
debt level of $3.036 trillion. Revolving debt, which includes credit
cards, decreased $0.9 billion to $848.9 billion. Non-revolving debt,
including loans for cars, rose $14.5 billion to $2.188 trillion.
Retail sales fell 0.1% for the week ending
October 5, according to the ICSC-Goldman Sachs index. On a
year-over-year basis, retailers saw sales increase 1.8%.
The Mortgage Bankers Association said its
seasonally adjusted composite index of mortgage applications for the
week ending October 4 rose 1.3%. Purchase volume fell 1%. Refinancing
applications increased 3%. The refinance share of mortgage activity
increased to 64% of total applications from 63% the previous week.
Initial claims for unemployment benefits
for the week ending October 5 rose by 66,000 to 374,000. Continuing
claims for the week ending September 28 fell by 16,000 to 2.905 million.
The less volatile four-week average of claims for unemployment benefits
was 325,000.
The Reuters/University of Michigan consumer
sentiment index for October’s preliminary reading fell to 75.2 from
77.5 in September. The current conditions component had a strong
showing, rising from 92.6 to 92.8. The weakness came from the
expectations component, which fell from 67.8 to 63.9. This is attributed
to the ongoing stand-off in Washington. A separate reading on the
12-month economic outlook plummeted 15 points to 71.
Upcoming on the economic calendar are reports on the housing market index on October 16, housing starts on October 17 and the index of leading economic indicators on October 18.
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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