Maui Condos Sales strongest in 5 years-The Maui News


Maui sales of condos strongest in 5 years
LINK TO FULL ARTICLE
March 16, 2013
By LEE IMADA, The Maui News

Condominium sales on Maui hit a five-year high for February, reflecting a generally brightening real estate market, according to a report by the Realtors Association of Maui.

A total of 100 condos were sold last month, compared to 62 in January and 83 the same month last year, the report out this week showed. This year’s February sales are the best for the month in the last five years, topping the 98 sales in 2011.

The median price, with half the prices higher and half lower, rose 27 percent year over year in February to $364,950 and was 25 percent higher than January’s $292,000. That price was still lower than the five-year high of $692,500 in 2009.

For condos, Kihei led the way with 35 sales, 10 more than in January and one less than last February. The median sales price was $340,000, a 43 percent increase year over year.


Popular South Kihei Condo Development: Kamaole Sands

WHAT ABOUT SHORT SALES AND REOS?????

Real estate owned and short sale properties are a smaller share of the market, compared to a year ago. In the past year, REOs represented 31.8 percent of residential sales, down from 43.4 percent in last year’s February report, and 18.9 percent of condo sales, down from 33.5 percent last year

HOW DO I FIND THE RIGHT CONDO FOR MY NEEDS???

With lots of different options to choose from in the Maui Condo Market the advice of an experinced realtor is essential when trying to find the perfect condo to fit your personal needs.

South Maui offers lots of choices: Vaction Rental and Non Vacation Rental, Oceanview, Ocean -front, Golf course, New development, original wailea developments, Townhomes, mixed use live/work, fee simple vs leasehold and price points ranging from under $200k to $11Million…in short there is something for everyone…So start your search with someone who knows all the inventory.

For more information on CONDOS FOR SALE ON MAUI contact:Meghan Clair Realtor (s), EcoBroker with Coldwell Banker Island Properties Shops at Wailea

New Condos First Time on Market: Suites at Wailea

Grand Opening!

The Suites at Wailea are situated on nearly 15 acres of dramatic ocean view property. All 72 spacious, one bedroom condominiums enjoy privacy, onsite First-Class Resort Services and Amenities from “Club 72” featuring The Spa and The Beach Club, as well as dining and room service from award winning Capische Restaurant. The interiors are beautifully designed and furnished by well known Philpotts and Associates,and are sure to impress.

Entry Prices at $649,000 /Monthly Dues apx $1800

LINK TO SUITES AT WAILEA PROPERTY FOR SALE

Kitchen


Luxury Bathroom


Private Lanai with Ocean Views

This is a very private low-density luxury community offering a lifestyle unlike any other in Wailea.

Meghan Clair can assist you as a Buyers Agent on these great new developer offering Wailea Condos.For more information on the Villas for sale contact:Meghan Clair Realtor (s), EcoBroker with Coldwell Banker Island Properties Shops at Wailea

Keawakapu Beach- New Coldwell Banker Listing $13.9M

New listing from Coldwell Banker Island Properties on Keawakapu Beach.

LINK TO 3116 SOUTH KIHEI ROAD

Offered at $13.9 Million
3 Bedroom/2 bath main home with detached 1 bedroom/1bathroom guest house and garage.

Location is everything in real estate! The best island in the world, the best location on Maui, the best beach on Maui, the best lot on famous Keawakapu Beach. Approximately 34,848 Sq. Ft. lot with older structures on the property consisting of Main house, guest house, and garage. Very private location on this white sandy beach.

Property is listed with Coldwell Banker Island Properties Gateway Office. Meghan Clair can asssist you as a buyer’s agent for this or any other Oceanfront property on Maui.

FOR MORE INFORMATION ON WAILEA/MAKENA PROPERTY CONTACT
MEGHAN CLAIR REALTOR (S) ECOBROKER

Maui Film Festival 2012 June 13-17th!!!

It’s that time of year again!!! The highly acclamied Maui Film Festival is back for it’s 13th consecutive year! Consistently drawing top talent and award-winning films, the Maui Film Festival has become a must attend event for locals and visitors alike. Opening events start today Wednesday June 13th!

For more information visit: www.mauifilmfestival.com

Special Events in Addition to the Films include:
Opening Night Twilight Reception at Capiche Wailea
Taste of Chocolate Four Seasons Wailea
Film Makers Panel Marriott Wailea
Stary Night Moondance Reception Mulligans on the Blue


Undoubtedly, the moive experience highlight is the “Celestial Cinema”, where moviegoers can sprawl on the lawn of the Wailea golf course to view and vote for breakout films while nestled under a warm blanket of stars.


Here is a picture of Me (Meghan Clair) Realtor S, EcoBroker working the Coldwell Banker Island Properties FIlm Festival Booth in 2011

For more information on Maui events or Maui Real Estate Contact Meghan!


Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Maui News Article: New Kihei Mall

Kihei mall project touted as ‘job generator’
Calif. developer aims to start work in spring on state’s largest outlet center

Maui News Article
By CHRIS HAMILTON

KIHEI – A California developer wants to begin construction this spring on a shopping center that would be the largest outlet mall in Hawaii.

The 300,000-square-foot first phase of the project, Maui Outlets, would be located on 30 acres mauka of Piilani Highway and would generate an estimated 1,200 retail jobs, according to Eclipse Development Group LLC, of Irvine, Calif. A second, 400,000-square-foot shopping center is planned for an adjacent 45-acre parcel. When both phases are completed the project would add around 90 shops and restaurants to South Maui.

The site straddles the terminus of the planned Upcountry highway. Zoning and land-use entitlements are in place for the project, which is located on former Kaonoulu Ranch land.

As a condition of approvals, developers have agreed to provide land for the Upcountry highway, and make improvements to the Kaonoulu Street intersection.

“We are thrilled the project will not only bring additional shopping opportunities to both local residents and the island’s visitor market, but that the outlet center will bring more than 1,200 jobs to the region,” said Eclipse President Doug Gray in an email.

He said the company would start announcing its tenants in the coming months.

“This is a tremendous job generator in the middle of a recession,” Gray said.

Maui County Council Member Don Couch, who holds the council’s South Maui seat, acknowledged that some residents had raised concerns about the project, and said he was still trying to get more information.

“I haven’t formed an opinion yet because we don’t know what it is, and they’re not talking to us,” Couch said.Couch added that he already had some questions about the project’s design, and didn’t like that the shopping center’s sprawling parking lot would be located in front of the main buildings.
He said the current thinking in urban planning is to create more of a small-town feel, with green space and walkways, and parking located out of sight.

“We can’t please everyone; however, I think most residents will be pleased with the development and tenants,” Gray said. “If we let a committee develop a site, it never would get built. When the community wants to risk $200 million in this economy; they can become developers.”

“We expect to be part of the community for a long time; and have bicycle and walking paths along all the roads.”

Eclipse will devote $20 million just for infrastructure, said Charlie Jencks, its local consultant.

Jencks said a 13-acre affordable housing subdivision being developed in conjunction with his 670-acre Honuaula project would benefit from the mall’s new intersection, roads and planned 1-million-gallon water tank.

“Eclipse has a reputation,” Jencks said. “They have done this so many times in so many places, I’m sure it’s going to be successful. They know how to get things done.”

He also said the stores will cut down on traffic in Kihei by saving South Maui residents shopping trips to Central Maui. As a result, Central Maui’s traffic will be less congested, Jencks said.

But Couch questioned whether the project could actually bring additional traffic to the already-crowded Piilani Highway.

He also questioned the need for such a large outlet mall on an island with 155,000 people.

But Mayor Alan Arakawa expressed strong support for the project.

“We need the jobs,” Arakawa said. “We’re going to be supporting businesses that create jobs.”

Arakawa said he met with Eclipse about six months ago to help fast-track building permits. Streamlining permitting is an administration goal, and Eclipse received no special treatment, he said.

Arakawa also said he hasn’t seen the plans. Still, he said he thought the shopping center won’t have any negative visual impact because of the landscaping. It’s next to the proposed Kihei high school, too, and other planned housing developments.

“I haven’t seen the specifics because it’s a shopping complex,” said Arakawa, who expects more details once the leases are signed.

Jencks said Eclipse purchased the property a year ago from Maui Industrial Partners, where he was a partner.”The heavy lifting was done long before we bought this land,” Gray said. “It was in the entitlement process for over 14 years.”

The ranch devoted about half of the 1990s to getting all the necessary environmental impact studies done as well as county zoning and state land use designation changes and Maalaea-to-Makena community plan amendments for light industrial development, said county Planning Director William Spence and others.
“Sometimes, it’s time to move ahead,” Spence said.

Arakawa said the County Council and the community set this land aside years ago for exactly this kind of use someday to discourage urban sprawl.There are people who want the malls, and those who don’t,” Couch said. “It’s Maui.”

LINK TO ECLIPSE DEVELOPMENT GROUP SITE PLAN FOR MAUI OUTLETS

For more information on Developments in Maui Contact Meghan Clair of Coldwell Banker Island Properties


Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Article from this Blog post is originally from The Maui News.

Wailea Home Only $719,900!!!

Almost to good to be true! Here is a new listing #22 Kanani Wailea!

3 Bedroom/2.5 bath Wailea Home offered at only $719,900

Live the Wailea Lifestyle with out the big price tag

Not an REO or Short Sale


Lanai

Kitchen

Living Room

Master Bed

Master Bath with Tub

Public Remarks MLS:
Best value at Kanani Wailea, an exclusive community of luxury residential condos in resort town of Wailea, Maui. Enjoy the pool, spa, fitness center, and enclosed two-car garages. Superior quality of construction includes steel framing, Monier tile roof, dual-glazed windows, 9 ft ceilings, travertine tile, Wolf stainless appliances, granite countertops, tray ceilings and bullnose corners. Upstairs master suite offers dual vanities, huge soaking tub and shower, pocket doors, walk-in closet, and private lanai with partial oceanview. Open floorplan with multiple lanais (porches) conducive to entertaining. Pet-friendly complex conveniently located across the street from Kilohana dog park. Secure, gated neighborhood with groundskeeping included appeals to those seeking a second home or investment rental property. Dream tenants on month-to-month lease with $2600 monthly income; please allow 48 hours’ notice for showings.

Property is listed with Hawaii Life Real Estate, Meghan Clair is a Realtor at Coldwell Banker Island Properties Shops at Wailea Office, and is pleased to represent you as a Buyers agent on any Maui Property!

Please contact Meghan for more details.

Meghan ClairRealtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

$299k a Screaming Deal on Wailea Ocean View Condo!!!

Lowest Priced Condo in Wailea

Grand Champions Villa 132 for ONLY $299,000!!!

This price is a deal! Next price in the development is $499,000! Act Quickly as this won’t last long!

This beautiful 1bed/2bath Condo is located at Grand Champions Villas a peaceful development located on the golf course in the heart of wailea.


Dinning Room


Living Room


Kitchen


Bed

Per Maui Listing Service:Great income potential & nice ocean views. This is a Short Sale, Proceeds received may be less than the amount required to satisfy lien holder and transaction costs, possibly requiring lien holder’s approval of sale price and terms for the transaction to close. Please be certain to read Realtor Remarks for additional information prior to making an offer. Furnishings are not included.

Meghan Clair is a Realtor at Coldwell Banker Island Properties Shops at Wailea Office. She is pleased to represent you as a Buyers agent on any Maui Property! Please contact Meghan for more details.

Meghan ClairRealtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Maui News Article: Home Sales & Prices are UP for 2011


*excerpts from this blog post taken from online Maui News article:
Statistics: ’11 valley for real estate market
January 10, 2012 / By Harry Eagar

Was 2011 the year the real estate market touched bottom and started back up? Statistics published by the Realtors Association of Maui and released Monday suggest it might have been.

After four years of decline and a flood of foreclosures and short sales, the average price of a single-family house on Maui went up 5 percent to $787,552 during 2011. The number of sales rose 10 percent from 817 in 2010 to 898 last year.

Terry Tolman, chief staff executive of the association, said strong sales interest is being confirmed by actual reported sales, “with multiple offers competing for well-priced properties.”

There are still plenty of lender-owned repossessed properties and desperate underwater owners trying to escape via short sales out there.

Broker Billy Jalbert at The Maui Real Estate Team writes a blog about conditions, and he noted this week that half of all single-family sales in December and two-fifths of condo sales were either short sales or bank-owned properties. “It is safe to say buyers are still looking to the bank-owned and short-sale market for opportunities,” he wrote.

For years now, Tolman has been cautioning that until the overhang of distressed properties is worked through, the market cannot return to normal, whatever that is.

Still, prices are low now, even if they go lower still, and mortgage rates are very low So he believes now is a chance for “Maui’s worker bees” who want to own their own homes to buy at comparatively low prices and absolutely low interest rates.

But in doing that, the buyer should be prepared to buy and hold – “at least five years” – and not try to get rich quick, he said.

MAUI HOME VALUES/NUMBER OF SALES WENT UP ISLAND WIDE
In Spreckelsville, Paia and Kuau, (about two dozen sales of single-family homes) average prices zoomed 92 percent from $595,000 to $1.1 million. Somewhere in between were Pukalani (five-dozen, single-family home sales), up 8 percent to $515,000; and Lahaina (about 40 sales), up 17 percent to $967,000.

LUXURY MARKET IS APPRECIATING QUICKLY!!!
Median prices are thought to give a clearer picture, because they are not affected when prices at the very top end are rising faster than the overall market, which was the case in 2011. Kapalua average prices were up 25 percent to $4.3 million; and Wailea-Makena averages were up 20 percent to $4.5 million. Wailea-Makena medians were up 32 percent to $2.3 million.


Makena, Maui Golf Course views of Molokini

HERE IS A LINK TO ALL THE HOMES FOR SALE IN MAKENA AND WAILEA
WAILEA/MAKENA MEDIAN PRICES ARE UP 32%!!!

CONDOS
“The lower ends of the market for homes and condos have relatively limited inventory. As you start to go up in price, you see a greater range of inventory.”

Tolman has an explanation for that: “The majority of condos on Maui are second homes or investments and experienced a steeper price drop as Mainland owners ‘let go’ of them in order to keep their ‘primary’ residences on the Mainland.”

Still, he noted, not all condominiums are for the well-to-do. For aspiring homeowners who find $250,000 too high, a lower-priced condo can be the ticket in, he said.

If Maui real estate prices start going up again (which has been the long-term trend, no matter what the past five years have shown), then the appreciation could generate the down payment that is often the obstacle to buying a single-family house for working people.

For the moment, not only Maui’s real property economy but the general outlook seems to be rosier than it has been for a while.

____________________________
For more information on the Maui Real Estate Trends or assistance in finding the best deals on Maui contact Meghan Clair!

EcoBroker, Realtor(S) Meghan Clair of Coldwell Banker-Wailea Shops Office specializes in assisting Buyers find THE BEST South Maui Oceanfront and Luxury Investments.

She is pleased to represent you as a Buyer’s Agent on any unique Maui home or condo.

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
Coldwell Banker Island Properties-Shops at Wailea
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone

LINK TO MEGHAN CLAIR ON FACEBOOK

Maui Oceanfront Properties For Sale December 2011

Maui December 2011 Oceanfront homes and condos for sale island wide!

From expansive oceanfront luxury estates to more affordable vacation rental condos, it’s no secret that Maui offers some of The Best Ocean Front Property ownership opportunities in the entire world!

Here are links to everything currently on the market!

Homes: South Maui West Maui North Shore

Condos Under $1M: South Maui West Maui

Condos Over $1M: South Maui West Maui

EcoBroker, Realtor(S) Meghan Clair of Coldwell Banker-Wailea Shops Office specializes in assisting Buyers find THE BEST South Maui Oceanfront and Luxury Investments.

She is pleased to represent you as a Buyer’s Agent on any unique Maui home or condo.

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties