According to Terry Tolman of the Realtors Association of Maui, real estate on the island, "seems to be bouncing along at the bottom." Terry explained that while the situation is no longer in decline, there isn't much consistent evidence to indicate that the recovery has begun, where sales in the past nine months are concerned.
Statistics on the status of real estate came from RAM's Multiple Listing Service. According to those reports, the number of sales closed is very, very low with only 53 closings of single-family homes in September as opposed to 66 in September of the year before. For the same month in 2004 and 2005, there were over a hundred closings each month. Condos looked to be in a similar state with 63 closings this September as opposed to 50 in 2008. But again, the years prior showed a drastically higher number of sales.
[Full Story - "Maui Real Estate Reports"]
Today's Maui Real Estate Spotlight brought to you by Robert Myers Realtor,
Specializing in Maui oceanfront condos.
As for Maui real estate, get them while listing prices are low. Explore the excellent selection of Maui oceanfront condos for sale and Kaanapali homes on the market now. As always, don't hesitate to contact me by email at robert@mauihomesales.com or call 808-662-0003. Mahalo for reading this week!
The recent news is that Continental Airlines is adding a daily route between L.A. and Maui as well as Honolulu/Orange County and a second trip between Honolulu/L.A. These new flights will commence on March 7th.
These new flights are exciting for the tourism industry because there have been some predictions that airlines will lose around $10 billion this year. Continental, among a few other airlines, show inspiring confidence that holiday travel will necessitate the new flights they are adding.
[Full Story - "New Maui Continental Flight"]
Today's Maui Real Estate Spotlight brought to you by Robert Myers Realtor,
Specializing in Maui oceanfront condos.
Maui Home Sales specializes in Maui oceanfront homes. Right now, homes for sale in Kaanapali include some excellent buys, and don't forget to use our online real estate search tool to find real estate meeting your specific criteria. As always, don't hesitate to contact me by email at robert@mauihomesales.com or call 808-662-0003. Mahalo for reading this week!
The Maui Charity Classic at Kaanapali is fast approaching. From October 24th-26th, the game will be played for the support of local Maui charities and will include deluxe island accommodations, celebrity players, and of course, some of the most beautiful courses in the world.
The charities that will be supported with this event include the Lahainaluna High School Athletics Program and Susan G. Komen Breast Cancer Research.
[Full Story - "Maui Charity Classic Golf"]
Today's Maui Real Estate Spotlight brought to you by Robert Myers Realtor,
Specializing in Maui ocean-front homes.
Maui Home Sales specializes in Maui oceanfront homes. Right now, homes for sale in Kaanapali include some excellent buys, and don't forget to use our online real estate search tool to find real estate meeting your specific criteria. As always, don't hesitate to contact me by email at robert@mauihomesales.com or call 808-662-0003. Mahalo for reading this week!
In a recent study released by Coldwell Banker, the nation's top ten most affordable and least affordable homes were discussed. While Hawaii's neighborhoods were not on either list, we did learn something about real estate within the state of Hawaii.
The survey was based on 2,200 square foot homes with 4 bedrooms, 2.5 baths and an attached garage. For the state of Hawaii, Honolulu was the most expensive, with the average home (meeting the above criteria) at an average of $712,500. The good news was that Maui's Kihei came up as the cheapest place to buy such a home in Hawaii. The average price was $540,044.
[Full Story - "Affordable Real Estate in Kihei"]
Today's Maui Real Estate Spotlight brought to you by Robert Myers Realtor,
Specializing in Maui ocean-front homes.
Maui Home Sales specializes in Maui oceanfront homes. Right now, homes for sale in Kaanapali include some excellent buys, and don't forget to use our online real estate search tool to find real estate meeting your specific criteria. As always, don't hesitate to contact me by email at robert@mauihomesales.com or call 808-662-0003. Mahalo for reading this week!
According to the University of Hawaii Economic Research Organization (UHERO), the housing affordability index is on the up. There is still a wide gap between the state's median island income and median price of a house, but the gap has been consistently growing smaller.
According to the UHERO index, when its number is at 100, it means that a family with a median income can afford a median home. The state of Hawaii has never reached that point thanks to high asking prices. Now that those prices are dropping, the gap is narrowing. For the island of Maui, the UHERO index was at 46.4 in 2006 but by 2008 it had risen all the way to 65.6. The number is expected to continue its growth, which is great news for those who want to buy real estate on the island.
[Full Story - "Housing Becoming More Affordable for Maui Residents"]
Today's Maui Real Estate Spotlight brought to you by Robert Myers Realtor,
Specializing in Maui ocean-front homes.
As for Maui real estate, get them while listing prices are low. Explore the excellent selection of Maui oceanfront condos for sale and Kaanapali homes on the market now. As always, don't hesitate to contact me by email at robert@mauihomesales.com or call 808-662-0003. Mahalo for reading this week!
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Aloha! My name is Robert Roy Myers. I have been a business owner and professional business person for over thirty years.
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