The HOA Board voted! Short term rentals (vacation rentals) are now allowed!
This potential short sale is situated across the street from Kamaole Beach Park, one of Maui's best beaches with breathtaking sunsets, whales breaching, family friendly surf, volleyball, etc., it's a great location.
There are only three 2 bedroom vacation rental units under $200k in all Kihei, all are in this development. It's a secret though...most people don't know that short term rentals are now allowed...once word is out the prices could shoot up.
Check out the return on this investment!
http://kiheiproperties.com/kihei/mauis-newest-deal-vr-180k/
South Maui Condo for $172,900 - 2bd/1.5bth with 806 sq ft
For more information on this property or if you are interested in learning more about property on Maui click here: http://kiheiproperties.com/home-buyers
Across the street from Charley Young Beach in Kihei on Maui
Come join the fun and relaxation anytime you want...with your own condo or income producing vacation rental.
Maui Real Estate For Sale
Large 2 bed 2 bth 1,066 sf for just $315k
Across the street from the beach
NEW ON MARKET!!! May 6, 2011$315,000 Vacation Rental, 2bd 2bth 1,066 sq ft.
Condos this size are rare in Kihei. Even rarer is the price for a unit this size. This is a beautifully remodeled unit with a loft and large lanai. The location is just a few minutes away from shopping and a variety of restaurants.
Imagine being able to spend as much time as you like here on Maui...a couple of weeks, a couple of months. What about a place to share with your relatives and friends, wouldn't they enjoy being here? You can enjoy hanging out with o'hana, strolls on the beach, whale watching, or taking in the greatest show in the world...Maui's sunsets.
You need more information so please don't hesitate to contact me, I'll more than happy to answer questions and guide you if you chose to promote your new vacation rental.
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Contact me in a manner that is comfortable for you:
Aloha,
Jeff
Nearly eight out of 10 respondents believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market. That's according to the 2010 National Housing Pulse Survey, an annual report released today by the NATIONAL ASSOCIATION OF REALTORS.®
The survey, which measures how affordable housing issues affect consumers, also found job security concerns to be the highest in eight years of sampling, with 70 percent of Americans saying that job layoffs and unemployment are a big problem in their area; eight in 10 cite these issues as a barrier to homeownership.
"The real issue facing the nation's economy right now is that many Americans can't find meaningful work to support their families," said NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz.
"While a job recovery is what's needed right now to get the economy and housing market back on the right track, owning a home continues to be part of the American Dream and one of the best long-term investments in your future."
Despite economic uncertainty, 68 percent of those surveyed still believe now is a good time to buy a home; while that number is down from last year (75 percent), it's up from 2008 (66 percent) and 2007 (59 percent). Lower home prices and record-low mortgage interest rates may be attracting buyers to the housing market - more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their future, and nearly 40 percent said it was one of their highest priorities.
Lower home prices have improved affordability. In fact, the percentage of renters who are worried that the cost of housing is getting so unaffordable that they will never be able to buy a home has decreased steadily since 2007, from 63 to 57 percent.
Despite improved affordability, 79 percent of respondents still consider having enough money for down payment and closing costs to be among of the biggest obstacles to buying a home. Another obstacle is a lack of confidence in their ability to be approved for a loan, reported by 73 percent of respondents.
The good news is that Americans are seeing more stability in the real estate market. Nearly seven out of 10 believe that home values have stabilized in their area; the same number expects home sales to remain about the same through the end of the year.
While more than half (51 percent) say foreclosures are a problem in their area, the rate of foreclosures is also seen as stabilizing; 51 percent say the rate is about the same as last year. Thirty-six percent of respondents cite the recession, loss of jobs and the poor economy as the main reason for the ongoing foreclosure problem. This has also led to a slight increase in the number of people who believe the federal government should take a more active role overseeing loans and mortgages (44 percent, up from 43 percent last year).
While nearly seven out of 10 say it's harder to sell a home in their area today than it was a year ago, it's less of a concern from last year when the number was 10 percentage points higher. This is most likely the result of lower home inventories.
The 2010 National Housing Pulse Survey is conducted by American Strategies and Myers Research & Strategic Services for NAR's Housing Opportunity Program. The telephone survey was among 1,209 adults living in the 25 most populous metropolitan statistical areas. The study has a margin of error of plus or minus 3.1 percentage points.
NAR's Housing Opportunity Program, www.realtor.org/housingopportunity, was created in 2002 to encourage local Realtor® associations to create initiatives that help increase housing opportunities available to consumers and make affordable housing more readily available in their communities.
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It's a buyers market here on Maui...take advantage of it while you can.
Contact me for property information on rentals (long term & short term - i.e. vacation rentals (not timeshare)).
Aloha,
Jeff
Jeff Graves, Realtor®(S)
(808.633.1292 (Cell)
JeffGraves@ClearWire.net
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii 96753Source: NAR
The Concord Group real estate strategy firm predicts that with 18 months worth of housing inventory on the market, it will take until the first quarter of 2012 for demand for new homes to equal what it was in 2000.
Concord Group calculates that new home sales in 2010 were 70 percent below peak demand in 2005 and at the lowest point since 1963.
Concord says these regions have the strongest long-term growth potential:
· Orange County, Calif.
· San Jose, Calif.
· Seattle
· Washington, D.C.
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It's a buyers market here on Maui...take advantage of it while you can.
Maui just may be more affordable than you think.
Aloha,
Jeff
Jeff Graves, Realtor®(S)
(808.633.1292 (Cell)
JeffGraves@ClearWire.net
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii 96753
Source: The Concord Group (10/12/2010)
Wailea and Kihei Maui Hawaii Realtor (S). My office is in Wailea. I sell real estate in South Maui (Kihei, Wailea), Lahaina (West) Maui, Hawaii. I've held a real estate license for over 20 years.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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