Laurelee Blanchard

Laurelee Blanchard, R(s)

Maui Island

Real Estate News

Volume 17

In this Issue:

Real Estate Market Statistics

Evaluating a Purchase Offer

Coldwell Banker Island Properties

1043 Makawao Avenue

Makawao, Maui, HI 96768

Phone:

(808) 298-8544

E-mail:

Laurelee@MauiResidences.com

We're on the Web!

www.mauiresidences.com

Real Estate Market Statistics

As of October 31, 2008, there were 786 home sales on Maui, compared to 972 a year ago - down 19%. The average sales price was $857,066, compared to $937,543 a year ago - a 9% decrease. The median price was $584,250, compared to $634,478 a year ago, an 8% decrease. Total dollar volume declined 26% during this twelve month period.

Click Here to See All MLS Listings

Evaluating a Purchase Offer

1. Buyer's financial situation

• Is the buyer qualified?
• What is the buyer's annual income and employment history?
• How much down payment and closing cost cash is available and what is the source?
• What type of financial debt does the buyer have? Car loans? Credit cards?

2. Financing method

• Is the loan type and interest rate realistic for current economic conditions?
• Is the length of time requested to obtain a loan realistic? 30-45 days is a typical time frame. It allows enough time to process papers, but also allows you to put the home back on the market promptly if things fall through.

3. Your costs

• How much does the buyer want you to contribute toward closing costs?
• What will your net proceeds be? Add up any points, taxes or fix-up expenses requested and deduct them from the contract price to determine if your final profit is what you need to make your move.

4. Your calendar

• Does the buyer's proposed settlement date give you enough time to select your next home and obtain financing?
• If you can't move to your next home promptly at settlement, can you rent back from the buyer?

5. Contingencies

• Must the buyer sell a home before buying yours? You may not have the time to wait while the buyer sells.
• What add-ons does the buyer want? Curtains, lawn equipment, swing sets? All of this can affect your final net proceeds, be used as bargaining chips, or both.

Search the MLS! http://websearch.ramaui.com/smartframe/search.php?dbid=dbid1155592598

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Copyright © 2008 Laurelee Blanchard - All Rights Reserved

Upcountry Real Estate News

Volume 8

Laurelee Blanchard, Realtor

(808) 298-8544 (Direct)

Laurelee@MauiResidences.com

REAL ESTATE MARKET REPORT

Upcountry Home Sales

As of September 30, 2008, there were 24single family home sales in the Makawao/Olinda/Haliimaile district year-to-date, compared to 38 sales this time last year.

Total dollar volume was down 40%.

The average price was $564,013, compared to $593,724 this time last year - a 5% decrease.

The median price for a home was $530,000, compared to $578,000 a year earlier - down 8%

53 homes are currently listed for sale in Makawao.

View the MLS at www.MauiResidences.com

The following is a list of recent home sales listed in order of price.

Date

Price

Address

Home S.F.

Ohana S.F.

Acres

7/25/2008

$585,000

1148 Aala Place

1,358

420

.17

9/01/08

$650,000

10 Ai Street

1,872

500

.27

8/14/2008

$810,000

2020 Olinda Road

1,000

n/a

2.75

9/20/2007

$825,000

302 Olokani

1,744

648

.50

1/30/2008

$850,000

610 Hoene Street

1,320

585

.64

8/23/2007

$1,247,000

22 Uau Place

3,050

n/a

.23

8/15/2007

$1,385,000

623 Lower Kimo Road

2,627

n/a

3.08

4/15/2008

$1,400,000

690 Olinda Road

2,643

n/a

2.00

11/13/2007

$2,350,000

193 Ohaoha Place

2,803

1,000

2.44

KULA Real Estate News

Volume 9

Laurelee Blanchard, Realtor

(808) 298-8544 (Direct)

Laurelee@MauiResidences.com

REAL ESTATE MARKET REPORT

Kula Home Sales

As of September 30, 2008, there were 35 single family home sales in Kula year-to-date, compared to 57 sales this time last year.

Total dollar volume fell 23%.

The average price was $1,257,364, compared to $1,008,514 this time last year - up 25%.

The median price for a home was $1,020,000 compared with $765,000 a year earlier - an increase of 33%.

63 homes are currently listed for sale in Kula.

View the list at www.MauiResidences.com

The following is a list of recent home sales listed in order of price.

Date

Price

Address

Home S.F.

Ohana S.F.

Acres

8/21/08

$875,000

35 Waiakoa Place

1,922

900

2.00

7/31/08

$1,037,000

12 Kolokea Way

2,421

n/a

.51

6/10/08

$1,049,000

18 Kapalulu Place

2,550

n/a

.23

8/13/08

$1,050,000

1350 Naalae Road

1,723

n/a

2.07

6/20/08

$1,075,000

71 Holomakani Place

2,990

700

.74

6/13/08

$1,150,000

24 Ohelo Place

3,574

400

2.00

5/23/08

$1,225,000

65 Mano Drive

2,236

501

.36

9/20/08

$1,301,500

860 Holopuni Street

3,585

n/a

2.00

4/15/08

$1,400,000

3446 Omaopio Road

6,464

n/a

4.44

5/21/08

$4,500,000

100 Kamaole Road

2,785

700

9.66

PAIA Real Estate News

Volume 11

Laurelee Blanchard, Realtor

(808) 298-8544 (Direct)

Laurelee@MauiResidences.com

REAL ESTATE MARKET REPORT

Paia Home Sales

As of September 30, 2008, there were 16 single family home sales in Paia year-to-date, compared to 19 sales this time last year.

Total dollar volume fell 39%.

The average price was $709,200, compared to $980,796 this time last year - down 28%

The median price for a home was $589,500 compared to $633,000 a year earlier - a decrease of 7%.

32 homes are currently listed for sale in Paia.

View the MLS at www.MauiResidences.com

The following is a list of recent Paia home sales listed in order of price.

Date

Price

Address

Home S.F.

Ohana S.F.

Acres

9/03/02

$745,000

33 Hoe Street

1,685

n/a

.16

7/11/08

$900,000

36 Kai Place

1,375

n/a

.25

6/06/08

$1,035,000

2474 Waipua Street

2,800

n/a

.22

8/22/08

$1,200,000

742 Hana Hwy

2,155

n/a

1.35

11/01/07

$1,262,500

2392 Waipua Street

2,718

n/a

.22

3/10/08

$1,450,000

24 Ulupua Place

3,345

n/a

.41

10/03/08

$2,250,000

55 Makahiki

2,975

n/a

2

Laurelee Blanchard, Realtor

Maui Island

Real Estate News

Volume 16

In this Issue:

Real Estate Market Statistics

Show-and-Sell Checklist

Coldwell Banker Island Properties

1043 Makawao Avenue

Makawao, Maui, HI 96768

Phone:

(808) 298-8544

E-mail:

Laurelee@MauiResidences.com

We're on the Web!

www.mauiresidences.com

Search the MLS

Real Estate Market Statistics

As of September 30, 2008, there were 706 home sales on Maui, compared to 893 a year ago - down 21%. The average sales price was $876,615, compared to $945,425 a year ago - a 7% decrease. The median price was $594,500, compared to $639,891 a year ago, a 7% decrease. Total dollar volume declined 27% during this twelve month period.

Click Here to See All MLS Listings

Show-and-Sell Checklist

Exterior:

Put away tools and toys

Put garbage cans in the garage

Close garage door

Park cars on the street or around the corner

Interior:

Clean off all counter and tabletops

Turn on all lights

Open shades and curtains

Put soft music on stereo

Give the house a pleasant aroma

Set dining room table

Make all beds

Items to Consider Packing:

Dishes or china that are rarely used

Small appliances that are not used often

Unused linens, towels, and covers

Furniture that crowds any room

Family portraits

Exercise equipment that is not in use

Collectables

Books and/or videotapes

Magazine collections

Toys that are not being used

House and Community Information - Have all of the following available:

Paid utility bills

Current property tax receipt

Warranty information on appliances

Search the MLS! http://websearch.ramaui.com/smartframe/search.php?dbid=dbid1155592598

If you do not wish to receive future newsletters, please click here and type" Remove" in the subject line.

Copyright © 2008 Laurelee Blanchard - All Rights Reserved