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Steven Nickens R(S), GRI, ABR Maui Real Estate

Maui Financial update

Maui financial update report from the Maui news. A new state economic forecast downplays the long-term impact of recent layoffs and bankruptcies.

The report reduces economic expectations for the fiscal year that began July 1 from 2 percent growth to 1 percent but sees better years ahead.

''Some people are panicking, but the numbers aren't that bad,'' said Pearl Imada Iboshi, state economist, noting that economic trends go through cycles. She said recent developments are a shock but do not portend the collapse of the island economy.

Many people have been laid off from jobs in the state this year as gas prices soar and push other costs up throughout the island economy.

Iboshi points to good news in recent weeks, such as the decline in crude oil prices.

''I really believe that over the longer term that people will not give up traveling and vacationing,''

To read the full report check out this links from the Maui News.

http://www.mauinews.com/page/content.detail/id/507337.html?nav=5031

Aloha,

Steven Nickens R(S) GRI ABR

The Wailea Group LLC.

Wailea Maui Hi 96753

Kahului Maui Real Estate Sales For 2008

Kahului Maui is the central part of the island. Kahului is where you find the malls and Kahului airport. It is the center of Maui. From Kahului it is easy to drive to any where on the island. This makes it a great place to call home. The newest development in Kahului is Maui Lani. You will find beautiful golf course properties. Here is the sales for this year for Kahului area.

Steven Nickens

The Wailea Group LLC.

CMA Summary Report

Residential - Sold

Residential Summary Statistics
High Low Average Median
LP: $1,090,000 $398,500 $593,740 $589,384
SP: $885,000 $375,000 $576,919 $579,550
ADDRESS Status District Sale/Rent Liv-SF DOM LP $/Liv-SF SP $/Liv-SF
480 W One Street SOLD Kahului For Sale 850 192 $485,000 $570.59 $375,000 $441.18
806 Pala Circle SOLD Kahului For Sale 925 94 $400,000 $432.43 $380,000 $410.81
266 S Puunene Avenue SOLD Kahului For Sale 972 56 $398,500 $409.98 $405,000 $416.67
303 W Papa SOLD Kahului For Sale 943 72 $475,000 $503.71 $440,000 $466.60
454 Poheoheo Place SOLD Kahului For Sale 864 183 $485,000 $561.34 $440,000 $509.26
190 Kono Place SOLD Kahului For Sale 1293 369 $499,000 $385.92 $460,000 $355.76
118 Ohaa Street SOLD Kahului For Sale 1540 147 $465,000 $301.95 $465,000 $301.95
435 S Oahu St. SOLD Kahului For Sale 803 58 $490,000 $610.21 $490,000 $610.21
30 Kealohilani Street SOLD Kahului For Sale 1086 37 $495,000 $455.80 $490,000 $451.20
136 E Papa Avenue SOLD Kahului For Sale 1065 122 $524,500 $492.49 $490,000 $460.09
21 W Makahehi Pl. SOLD Kahului For Sale 1297 130 $480,000 $370.08 $495,000 $381.65
25 Hoowehi Place SOLD Kahului For Sale 1873 91 $550,000 $293.65 $505,000 $269.62
201 Kuualoha Street SOLD Kahului For Sale 1196 108 $524,000 $438.13 $510,000 $426.42
296 Papa SOLD Kahului For Sale 1434 51 $525,000 $366.11 $510,000 $355.65
596 Molokai Hema Street SOLD Kahului For Sale 1625 0 $513,000 $315.69 $513,000 $315.69
10 W Papa Avenue SOLD Kahului For Sale 1065 288 $529,000 $496.71 $515,000 $483.57
97 Alehela SOLD Kahului For Sale 1036 70 $540,000 $521.24 $515,000 $497.10
537 Waikala St. SOLD Kahului For Sale 943 81 $540,000 $572.64 $520,000 $551.43
21 HO'OWEHI PL SOLD Kahului For Sale 1405 222 $520,000 $370.11 $524,000 $372.95
182 S Papa Ave. SOLD Kahului For Sale 1724 98 $535,000 $310.32 $535,000 $310.32
267 Naholo Circle SOLD Kahului For Sale 1300 91 $545,000 $419.23 $535,000 $411.54
306 Niihau Street SOLD Kahului For Sale 2044 148 $599,000 $293.05 $536,000 $262.23
13 Ho'owehi Place SOLD Kahului For Sale 1839 126 $575,000 $312.67 $539,000 $293.09
270 Naholo Circle SOLD Kahului For Sale 1447 75 $545,000 $376.64 $545,000 $376.64
79 MOLEHULEHU LOOP SOLD Kahului For Sale 1426 0 $545,000 $382.19 $545,000 $382.19
61 Hoku Puhipaka Street SOLD Kahului For Sale 1500 0 $545,000 $363.33 $545,000 $363.33
399 Maalo Street SOLD Kahului For Sale 884 217 $585,000 $661.76 $550,000 $622.17
132 Kapela Place SOLD Kahului For Sale 1791 0 $552,000 $308.21 $552,000 $308.21
91 Hoku Puhipaka Street SOLD Kahului For Sale 1791 202 $552,700 $308.60 $552,700 $308.60
240 Molehulehu Loop SOLD Kahului For Sale 1500 0 $553,110 $368.74 $553,110 $368.74
127 Huluhulu Street SOLD Kahului For Sale 1782 69 $550,000 $308.64 $560,000 $314.25
82 Molehulehu Lp SOLD Kahului For Sale 1931 79 $579,000 $299.84 $565,000 $292.59
225 Molehulehu Street SOLD Kahului For Sale 1791 $568,500 $317.42 $568,500 $317.42
53 Hoku Puhipaka Street SOLD Kahului For Sale 1824 77 $569,000 $311.95 $569,000 $311.95
69 Hoku Puhipaka Street SOLD Kahului For Sale 1824 0 $569,000 $311.95 $569,000 $311.95
65 KUUKAMA STREET SOLD Kahului For Sale 1870 125 $588,900 $314.92 $570,000 $304.81
15 E KAUAI SOLD Kahului For Sale 1395 487 $599,000 $429.39 $575,000 $412.19
217 Molehulehu Street SOLD Kahului For Sale 1791 $577,867 $322.65 $577,867 $322.65
100 Hoku Puhipaka Street SOLD Kahului For Sale 1791 0 $579,100 $323.34 $579,100 $323.34
28 Lanipo Place SOLD Kahului For Sale 1538 89 $599,000 $389.47 $580,000 $377.11
175 Anamuli Street SOLD Kahului For Sale 1931 330 $585,000 $302.95 $585,000 $302.95
165 Kuualoha St SOLD Kahului For Sale 1598 301 $650,000 $406.76 $585,000 $366.08
109 Hoku Puhipaka Street SOLD Kahului For Sale 1824 0 $589,000 $322.92 $589,000 $322.92

CMA Summary Report

Residential - Sold
ADDRESS Status District Sale/Rent Liv-SF DOM LP $/Liv-SF SP $/Liv-SF
247 Molehulehu Street SOLD Kahului For Sale 1824 $589,769 $323.34 $589,769 $323.34
9 Puuaina Pl. SOLD Kahului For Sale 1770 115 $609,900 $344.58 $590,000 $333.33
130 Anamuli Street SOLD Kahului For Sale 1824 0 $592,696 $324.94 $592,696 $324.94
65 Hoku Puhipaka Street SOLD Kahului For Sale 1791 $593,146 $331.18 $593,100 $331.16
31 Kealohilani St. SOLD Kahului For Sale 2009 227 $599,900 $298.61 $594,000 $295.67
243 Molehulehu Street SOLD Kahului For Sale 2063 0 $595,000 $288.41 $595,000 $288.41
152 Anamuli Street SOLD Kahului For Sale 1824 0 $595,206 $326.32 $595,206 $326.32
242 Molehulehu Street SOLD Kahului For Sale 1824 0 $604,000 $331.14 $604,000 $331.14
238 Molehulehu Street SOLD Kahului For Sale 1824 0 $605,565 $332.00 $605,565 $332.00
105 Hoku Puhipaka Street SOLD Kahului For Sale 1824 0 $614,956 $337.15 $614,956 $337.15
105 Hoku Puhipaka Street SOLD Kahului For Sale 1824 0 $614,956 $337.15 $614,956 $337.15
244 Molehulehu Street SOLD Kahului For Sale 2396 $618,207 $258.02 $618,207 $258.02
507 Waikala St. SOLD Kahului For Sale 1909 62 $619,900 $324.72 $619,900 $324.72
83 Hoku Puhipaka Street SOLD Kahului For Sale 1824 0 $625,000 $342.65 $625,000 $342.65
122 Anamuli Street SOLD Kahului For Sale 2396 0 $625,000 $260.85 $625,000 $260.85
22 Meleinoa Place SOLD Kahului For Sale 2053 134 $675,000 $328.79 $625,000 $304.43
22 Huluhulu Pl SOLD Kahului For Sale 1910 280 $679,500 $355.76 $628,500 $329.06
208 Anamuli Street SOLD Kahului For Sale 1931 64 $628,881 $325.68 $628,881 $325.68
87 Hoku Puhipaka Street SOLD Kahului For Sale 2396 0 $628,896 $262.48 $628,896 $262.48
63 Hoku Puhipaka Street SOLD Kahului For Sale 2183 0 $629,000 $288.14 $629,000 $288.14
115 Hoku Puhipaka Street SOLD Kahului For Sale 2382 $630,000 $264.48 $630,000 $264.48
221 Molehulehu Street SOLD Kahului For Sale 2183 0 $639,827 $293.10 $639,827 $293.10
6 Lanipo Place SOLD Kahului For Sale 2355 124 $669,000 $284.08 $640,000 $271.76
38 E Hawaii SOLD Kahului For Sale 2548 205 $685,000 $268.84 $645,000 $253.14
62 Hoku Puhipaka Street SOLD Kahului For Sale 2396 0 $655,809 $273.71 $655,809 $273.71
25 Loihi Place SOLD Kahului For Sale 1538 74 $675,000 $438.88 $657,500 $427.50
144 Anamuli Street SOLD Kahului For Sale 2183 0 $657,561 $301.22 $657,561 $301.22
248 Molehulehu Street SOLD Kahului For Sale 2396 $663,631 $276.97 $663,631 $276.97
246 Molehulehu Street SOLD Kahului For Sale 2227 $667,064 $299.53 $667,064 $299.53
245 Molehulehu Street SOLD Kahului For Sale 2396 $668,402 $278.97 $668,402 $278.97
491 S Papa Ave SOLD Kahului For Sale 4278 257 $699,900 $163.60 $685,000 $160.12
11 Mele'ana Place SOLD Kahului For Sale 2088 87 $719,900 $344.78 $685,000 $328.07
411 Kamalei Circle SOLD Kahului For Sale 1880 437 $798,000 $424.47 $750,000 $398.94
35 Kamalei Circle SOLD Kahului For Sale 1726 414 $875,000 $506.95 $750,000 $434.53
16 Kamalei Circle SOLD Kahului For Sale 2285 260 $1,090,000 $477.02 $885,000 $387.31
Total Listings Avg Avg Avg Avg Avg
78 110 $593,740 $360 $576,919 $349

Olympic Champion teaches us a lesson !

I know everyone has been following the Olympics. They have been amazing from opening ceremony's to Michael Phelps to the women's volleyball. There is a sixteen year old girl who in my mind is a real champion. Shawn Johnson who competes in gymnastics. At home and in the world events this girl just kills it. She was a gold medal favorite going into the Olympics. The thing is she kept making little errors and kept ending up with Silver medals.

So how did she handle not getting the Gold. Her attitude is something we need to look at real close. Under pressure she look for the silver lining in the events. Her attitude was I am here at the Olympics and I am going to enjoy every moment. Also she mention that there was something to be learned from her situation. So she just keep on smiling and not getting down.

She purpose under adversity and in the final event on the balance beam she won a Gold Medal giving it her best performance. She said she would not trade her silver medal because of what she learned about her self. What an awesome human being. I can look at the housing market and sit down and cry or kick and have a fit. This young lady choose the higher road and in the end got the Gold She desired. Above that she showed the world a more Noble side of her that is a real champion.

Check this link to catch her story.

Shawn Johnson Story on Yahoo

Steven Nickens R(S) ABR GRI

The Wailea Group LLC.

3750 Wailea Alanui suite 5WE

Wailea Maui Hawaii 96753

http://www.nickensmaui.com/wailea_condos.php

email: nickens@maui.net

looking a head at traveling to Maui Hawaii?

Looking a head at traveling to Maui Hawaii

This summer has been the slowest as far as tourist coming to Maui. With Aloha Airlines calling it quits and ATA Airlines folding it left a Hugh void. Driving through the airport on the way to windsurf this summer I notice that it's been the slowest since any time I can remember. One thing I do detect is a little change in the air. The dollar is gaining strength against the Euro and the Pound.

That also helps bring down the cost of oil. So that should directly affect the price of jet fuel. Everything is connected, so with cheaper jet fuel airline tickets are coming down to a reasonable price. Already places like the Four-Seasons are booked and the staff is working hard. So I am optimistic that this is going to get people out flying again. Most likely travelers will find some great hotel rates to match cheaper airline tickets. So what do you have to lose? Buy a couple tickets and come to Maui this fall. it is a great time of year during the fall season.

Aloha,

Steven Nickens R(S) GRI ABR

The Wailea Group LLC.

3750 Wailea Alanui suite 5WE

Wailea, Maui, Hi 96753

www.nickensmaui.com

Email: nickens@maui.net

Cell: 808-280-2208

Local Chinese Foods Delight at the Olympic's

The Olympics have been great to Watch. Micaheal Phelps has been amazing gathering Gold Medals. The women gymnastics and women's volleyball have been kicking some serious but. What is amazing is what the Chinese like to eat. Like in Hawaii you have all kinds of different foods. If you go to a family reunion like I just went to you will have smoked venison, Kahlua pig, chicken long rice and lots of poi. My friend sent me a few pictures of what is on the Chinese menu. I hope you enjoy them.

I love eating bugs for protein

Anyone care for soup.

Goat cooked right in Hawaii is tasty as long as it's not a billy.

Waste not want not my grandma always said.

My grandma also said make sure you finish your food.

Later,

Steve