After a rather slow August and September, there been increased activity in the Kapalua Resort real estate market this past month. Over the last 30 days, there were 13 new listings in the MLS, which ranged from a low of $575,000 for a Kapalua Golf Villa to $12,000,000 for a new estate home in the Honolua Ridge II subdivision. As market conditions continue to evolve, there were several price changes in the resort: 16 listings decreased in price, while two listings increased in price. While there are no new pending sales, there were two recorded sales: a vacant lot at Pineapple Hill Estates which closed at $1,100,000 and an oceanfront Coconut Grove (the plan four with a den, which is the largest floorplan) closed at $4,700,000. This is a decline from the two most recent oceanfront sales for a the same floorplan at $5,000,000 and $5,100,000 in 2007.
Each year, the Kapalua Resort welcomes some of the finest surfers in the world. The Billabong Pro Maui is held at the world famous Honolua Bay. This unique bay is a marine sanctuary. Sheltered in the summer months, it is home to some of Maui's best snorkeling. In the winter, the waves swell, and the surfers flock to the water.
This is last Triple Crown contest of the year and the only women's stand-alone ASP event in Hawaii. The Tenth Annual Billabong Pro Maui has a holding period of December 8 - 20, during which 17 of the top female surfers will compete along with 6 aspiring trail winners for the $85,000 prize purse promises.
There is a live webcast at www.billabongpro.comor you can get updates from the event hotline at 808-665-1712.
As it turns to a very chilly winter here on Maui (it was only 72 degrees this morning), I look forward to all the great things it brings: big waves on the north shore, kalua turkey at Thanksgiving, perhaps a rare snowfall at the top of Haleakala, and the decorating of the palm trees at the Ritz-Carlton Kapalua. The trees sparkle all month, but the lighting ceremony is a cherished local event. This December 3rd at 5:00 pm, celebrated local musician, Henry Kapono, will perform as the trees are lit. The Ritz-Carlton underwent a $160 million plus renovation this past year, creating 107 new Residential Suites, and you should take note of the stunning new decor.
Golf World has just released it's 2009 Reader's Choice Awards, ranking the Top 50 Public, Private, and Resort Courses in the Country.
The criteria readers evaluated included the quality of the course, the condition, reputation/prestige, practice facilities, speed of play, clubhouse/locker room facilities, hotel accommodations, caddie program, pro-shop, food/dining, off course amenities, service and over all value.
With these guides, readers voted The Kapalua Resort among the best of the best, ranking #6 in the top Resort Courses nation-wide. The Kapalua Resort is the only golf facility in Hawaii (public, private, and resort) to be ranked in Golf World's Reader's Choice top 10.
If you're trying to decide where to buy a vacation home, pick up the Robb Report's October/November 2008 Vacation Homes Issue, "Where to Buy Right Now: 10 Top Market's World Wide."
Among the top destinations are Aspen, Coeur d'Alene, Las Vegas, Miami, Abu Dhabi, Belize, Croatia, Curacao, St. Kitts/Nevis, and Maui.
Prominently featured in their overview of Maui was the Kapalua Resort and the Residential Suites at the Ritz-Carlton, Kapalua. The strength of the West Maui real estate market was a focal point as well.
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Aloha, I specialize in the Kapalua Resort and the Maui Luxury Real Estate Market. If you are imagining life on Maui, please contact me!
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