FOURTH QUARTER GDP BLOWOUT!
January 31st, 2007The Department of Commerce announced today that in the fourth quarter of 2006, Gross Domestic Product, the broadest gauge of economic activity, grew at a remarkable 3.5%.
SURFS UP!
January 30th, 2007THE MAUI OCEANFRONT ROCKET
January 27th, 2007Just when you think the rush has to stop, we get a couple of weeks like these. A $19.2 million sale in Makena, an $8.5 million sale in Makena, a $13,94 million sale in Kapalua and an $8.9 million sale in Lahaina. The average sale price per square foot for 2006 oceanfront sales was $1561, a Maui record and a dramatic 49% increase over 2005. These four sales? How about an average per square foot sale price in excess of $2500!!!!!!!! Now to be fair, these are all spectacular properties and on average probably better than the properties sold in 2006. But 62% better? We don’t think so.
STILL BURNING
January 27th, 2007250 acres of the Poli Poli forest on Haleakala continue to burn and this morning we could see flames leaping above the treeline for the whole story click here.
TOURISM UPDATE
January 27th, 2007In today's Honolulu Advertiser, the headline reads "Tourism Remaining Steady."
MAUI LIKE ASPEN?
January 26th, 2007A colleague sent us a fascinating article from New West today. In it the author cites a number of major trends that make Aspen real estate expensive today and likely more so tomorrow. Here's a snippet:
A MAUI TREASURE RETURNS
January 24th, 2007KEALI`I REICHEL , singer, songwriter and keeper of Maui's cultural flame returns to the Maui Arts and Cultural Center on February 9th and 1oth. Reichel will be leading his halau in traditional chants and hula in addition to his warm and uplifting music. His enthusiasm, passion and committment to his heritage and his home comes through in his lyrics and his voice. His shows the last few years have been nothing short of sensational. Don't miss this.
GRAND WAILEA RESORT SOLD
January 19th, 2007Investment banking giant Morgan Stanley is buying CNL Hotels and Resorts, owner of the Grand Wailea Resort and Spa, for $6.6 billion.
EVEN BIGGER OCEANFRONT SALE!
January 18th, 2007First we had the Kapalua oceanfront sale for $13.9 million. But by the end of the day that was old news. 7150 Makena Road, 4800 square feet of home on over 1.5 acres, hidden from the road by a beautiful stone wall and sitting directly upon the Pacific Ocean, closed today for $19.2 million after being on the market for only a few weeks. That is a rare price for a rare property.
BIG OCEANFRON T SALE
January 18th, 20075 Kapalua Place, which we presented a few weeks ago on this site, and which had been listed for $14.9 million has closed! The sale price was $13.94 million and was a cash purchase. Boasting top materials and finishes, the home is 7900 square feet and just steps away from Oneaola Bay. This transaction is good news for the Maui oceanfront homeowner. For more information, contact us.
