Ahihi-Kinau Reserve to be closed
July 31st, 2008
After much talk and consideration, the Ahihi-Kinau Natural Area Reserve will be closed for two years.
NATIONAL HOUSING INVENTORY DECLINES
July 29th, 2008
Well, a tiny piece of good news amongst the carnage. The national housing inventory has declined…a little.
SELLING IN TODAYS MARKET
July 28th, 2008
For an extended period of time Maui real estate seemed to avoid the slowdown in the national market, but now it has undeniably arrived. Island wide, and in South Maui, we are seeing increased inventory, extended days on market, the occasional short-sale and wary buyers.
LOUSY NATIONAL SALE NUMBERS
July 24th, 2008
The NAR has reported that existing home sales fell in June on a seasonally adjusted basis.
SOME NATIONAL DATA
July 21st, 2008
Maui Oceanfront First Half Results
July 20th, 2008
In the first six months of 2008, activity along the Maui oceanfront declined significantly. Only five sales were completed compared to 19 in all of 2007. The median sale price of $8.7 million reflects the fact that of the homes sold, four were in tiptop condition and they averaged over 5000 square feet. The per square foot average of approximately $1500 is 15% below the 2007 level. However, with so few data points, only tentative conclusions can be drawn. At this sales pace, the over 50 oceanfront homes for sale represent several years of inventory, a stunning number. For details, contact us!
BERNANKE IN FRONT OF CONGRESS
July 15th, 2008In testimony today in front of Congress, Fed Chairman Ben Bernanke said he sees threats to both economic growth and inflation.
ANSWERS FOR CANADIANS
July 13th, 2008Many Canadians are considering buying real estate on Maui and, as such, have a series of questions we thought we'd address up from. In no particular order, here we go!
INDYMAC AND WHAT IT MEANS
July 13th, 2008As you may know, mortgage lender Indymac has been seized by banking regulators. This is the latest and most visible of the woes facing the mortgage market.
Quiet Along the Maui Oceanfront
July 9th, 2008There were no sales along the Maui oceanfront in the month of June. Like the rest of the Maui real estate market, things have slowed. For details, contact us!
