November 13th, 2006
As you have noticed, construction is continuing on the four new Wailea projects. Ho’olei, across from the Grand Wailea has fourteen units still for sale. Ho’olei is 120 vacation rentable townhouses and are asking in the $3 million range. Kanani Wailea, at the corner of the Piilani Highway and Kilohana Road is sold out but several units are available for resale in the $1.3-$2.3 million range. These homes are thirty eight condominiumized single-family residences. Papali, immediately north of Wailea Palms, has a few homes left. These are twenty four, also residential condominiumized, single family homes in the $3 million range. Kai Malu is sold out.
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November 9th, 2006
The asking price for unit 1903, a two bedroom B floorplan, has been reduced to $899,000 and unit 1102, also a B, has reduced its price to $1.545 million. Unit 1504, a B floorplan with a huge ocean view has sold for $1.4 million. 1105, a two bedroom C floorplan, has come on the market and is asking $1.475 million.
November 8th, 2006
The trend continues. In general, unit sales continue to be down considerably from a year ago while prices have flattened. In Wailea/Makena six condominium units sold compared to fifteen last October. Median sale price for the two periods was comparable at $2.2 million. In Kihei, 33 units sold compared to 55 last October. Median sale price was approximately 10% lower than a year ago.
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November 8th, 2006
Council Member Charmaine Tavares defeated incumbent Alan Arakawa and will become Maui’s next Mayor. Governor Linda Lingle easily won re-election. Maui County Council incumbents Joe Pontanilla (Kahului), Michelle Anderson (South Maui), Danny Mateo (Molokai), Ricki Hokama (Lanai), Jo Anne Johnson (West Maui) and Mike Molina (Makawao-Haiku-Paia) won re-election. They will be joined by new members Bill Madeiros (East Maui), Gladys Baisa (Upcountry) and Mike Victorino (Wailuku). Please join us in congratulating our new representatives.
November 4th, 2006
By a vote of 8-0, the Maui County Council has passed Bill 57 which imposes strict new guidelines on future development. A brief synopsis of the bill:
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November 3rd, 2006
Currently, eight units are for sale. All are two bedroom units except unit 1803, which we are listing for $820,000. For more information, click on Current Listings above. Unit 1803 will be holding an open house all day on Tuesday November 7 if you’d like to come and see it.
