Aloha,

We hope that you and your families find health, happiness and prosperity in 2007.

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This article details the increasing focus on trophy properties in the real estate world, in this cast the $5.4 billion purchase of New York City's Stuyvesant Town and Peter Cooper Village.  Hmmm, trophy properties, maybe it has something to do with Maui after all. For example, the Makena Resort is still in the midst of its bidding process. News should be forthcoming on that over the next several weeks.

Tiger Woods apparently prefers skiing to Maui. Kind of makes one wonder, huh? Tiger will not be playing in the upcoming Mercedes Championship  next week. Oh well, I suppose we’ll, have to get along with only Vijay Singh, three time defending Champion Stuart Appleby and Kapalua’s own Jim Furyk. These guys are good!

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The Maui oceanfront continues to offer extraordinary properties for sale. As readers of this site have requested, we will continue to show homes that are on the market to provide some color on values and opportunities. Today is one of the true jewels in all of Maui. Set on an acre on Ka’anapali Beach, 20 Kai Ala Drive is eleven thousand square feet of remodelled perfection. Top materials, a huge pool, eight bedrooms, media room, library and on and on. An extraordinary home on what may be Maui’s best beach. The asking price? $25 million.

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The National Association of Realtors reported that the number of existing home sales in November rose modestly from October while the median price was 3% lower than last November. For the Western part of the US, sales rose faster than the average and the median price fell less than 1%. What does this mean? Here are some opinions.

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Yes, it's only a single month's data, yes, these are imperfect statistics…BUT

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On December 30, the Wailea Tennis Club will be hosting the Number One Men's Doubles Team in the world! The Bryan Brothers will host a clinic, play in  pro-am and exhibition matches and sign autographs. Luke Jensen will also be making an appearance. Click here for details.

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A new oceanfront home has just come on the market in Kihei, 1290 Uluniu Road. This five year old home is designed to have a Plantation feel and isn't overdone inside. An open six-bedroom floor plan, over 3800 square feet and fronted by State Conservation Land, this home has a Private gated entry, elevator and access to a sandy beach. The asking price is $5.825 million.

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In today's New York Times, the answer seems to depend greatly on who one talks to. The entire article is here. Some economists are forecast 3% GDP growth, others are arguing  that a recession may appear in the second half of 2007, others are calling for slower growth, but not a recession. The big issue seems to be how one views the housing slowdown.

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We'll be light on the blogging updates over the next few days and we'll pick it up after Christmas.

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