Month: December 2013

South Maui Ocean Front Condos

KAUHALE MAKAI 533 (2B/2B) with BIG OCEAN VIEWS – $525K
KAUHALE MAKAI 425 (1B/1B) with OCEAN VIEWS – $325K

Aloha and Hau ‘oli Makahihi Hou (Happy New Year)!! Since many of you snow birds are looking for a little Maui sunshine and soft sand, I thought you might appreciate a couple of new listings I have in South Maui at Kauhale Makai.

You will cherish time spent with family and friends at Kauhale Makai, enjoying magnificent ocean, beach, and island views, spectacular sunsets and soft sand. Unit 533 has an ocean facing expansive lanai which is accessible from living room or master bedroom. Big interior ocean views from living area, kitchen and master bedroom. Both condos are tastefully furnished with quality furnishings. Interiors are spotless and turnkey.

Unit 425 has been beautifully upgraded with travertine style tile flooring throughout and always provides ocean views from living area, bedroom and expansive lanai.  Central A/C. Maintenance fee includes all utilities (electric, cable, Wi-Fi Internet, unlimited local and long distance Canada phone service). Complex has complete photo-voltaic system. Ready to move into or continue excellent vacation rentals. Property is a six-story concrete building, with 2 elevators, pool, spa, gas grill BBQ area, picnic tables, shuffle board, sauna, and putting green. Six public tennis courts are within easy walking distance. Onsite front desk and concierge. Easy to show depending on guest bookings. Promoted by very successful rental management company. Whether you are dreaming of a 1 bedroom or 2 bedroom Maui ocean front condo, these Maui homes are what you have been waiting for!

Call me for your private tour, Michele Muir White R(S), ABR, SFR, Coldwell Banker Island Properties, 808.298.8448, michelewhite@hawaii.rr.com

 

 

 

Maui Real Estate Stats, November 2013

Here is a re-cap of the Maui Real Estate market for November 2013.

There were 75 homes sold on Maui in November with a median sales price of $515,000. There were 84 homes sold in November of 2012 with a median sales price of $465,000. This is an 11% drop in sales volume and an 11% increase in median prices when comparing this November to last November.

There were 96 condo sold in November of 2013 with a median price of $350,000. There were 100 condos sold in November 2012 with a median sales price of $400,000. This means that our November sales activity was down 4% and our median price was 12.5% lower than last year.

There were 23  land sales totals in November with a median price of $547,371. There were 22 land sales with a median price of $455,000 in November 2012. This is a 4% increase in sales activity and a 19.4% increase in median price for this November compared to November of last year.

Some other numbers that are worth noting.
» The highest sales price for a single family home last month was $3.6M.  A home across  the street from Big Beach in Makena
» Four other homes sold for over $2M.  These sales were in South Maui or West Maui (Kaanapali, Kihei, Launiupoko and Kapalua).
» The top condo sale last month was  a $11,395,000 for a 4B/5 B Villa at the new Andaz Residences. This was of the first two sales of one of the 10 units available at the new Andaz Resort in Wailea. The other Andaz sale closed at $10,730,250.
» There were 9 condo sales over $1.5M in November. This month’s luxury sales included condos at Makena Surf, Wailea Beach Villas, Honua Kai, Kaanapali Ali’i, Kapalua Ridge and Hoolei.
» Of the 23 land sales, 7 were commercial lots. Of the 16 remaining lots, five were new developer offerings at the Peahi Hui Subdivision in Haiku
» There were 7 bank owned (REO) closes last month compared to 22 bank owned closes last November. REO sales continue to have a limited impact on the market compared to years past.

November sales were relatively strong this year, but not quite as strong as what we saw during a booming fall in 2012. The market has backed off from its hectic pace. This fall’s activity is more in line with what we customarily encounter in our market. Lower visitor numbers on island tend to result in fewer sales. We are on the cusp of the peak season for Maui real estate as we approach the holidays. Maui’s busiest season is from Christmas through mid April. Transactions typically take 30-60 days to close so that reflects our market lag time.

Serving all of your Maui Real Estate needs. Please contact Michele Muir White R(S), ABR, SFR, Coldwell Banker Island Properties (808) 298-8448, e-mail: michelewhite@hawaii.rr.com for a free consultation and to discuss local market conditions. I look forward to hearing from you.