In the past week, 303 Front Street in Lahaina has sold for $2.25 million. That was a home in dire need of some TLC. It had been listed for $2.8 million originally. 6950 Makena Road, approximatley 3000 square feet of living area next to Secret Beach has gone into escrow. This home has been listed at $8.3 million for over a year.

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Preliminary statistics released Thursday showed visitor arrivals to Maui were up 1.5 percent in June, but spending for the month was down 10.1 percent. For the first six months of 2007, arrivals were up 1.6 percent to 1.2 million, but spending was down 3.4 percent to $1.68 billion, compared to $1.74 billion in 2006.

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It has been a very busy and volatile week in the financial markets and we wanted to provide some rudimentary idea of what is going on and why. Here is a very short synopsis.

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Another ugly housing report:

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Several trends in the last week are outlined by Morgan Stanley here.

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This oughtta be fun!

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In the first half of the year, Maui's oceanfront saw eleven homes and two vacant parcels of land close. Sales had no particular geographic concentration. Trophy properties received trophy treatment. Over fifty oceanfront homes remain for sale. here is a chart reflecting total dollar volume and per square foot prices. It shows the average per square foot price is up 43% from 2006 levels. It isn't true. Are values up? yes. 43%? No way. For more data, contact us! 
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The National Association of Home Builders released their monthly survey today:

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Just so we all remember why we come here!

Well there certainly is a lot going on in the national housing market and economy

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