This week at Palms at Wailea, two units reduced their listing prices.

There is one unit that represents an unusual value in the complex right now. For more information, contact us!

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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Wailea-Makena's mountainside complexes saw a wide range of results in the first half of 2007. Palms at Wailea was the most active complex while Na Hale O Makena had a single sale. Sellers obtained an average of 93% of their original asking price. The percentage changes in the chart below are from full-year 2006 results. For more information, contact us!
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In the first half of 2007, condominium sales volume ran about flat to 2006's pace. Oceanfront complexes represented just over half of all units sold. Overall prices declined by 12% from 2006 levels but per square foot prices actually increased by 14%. Oceanfront values declined as no Wailea Point units sold, but per square foot values rose 2%. Mountainside complexes were just about flat in the aggregate. For more information, 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!