July 2013

Found 6 blog entries for July 2013.

On a property that is yet to be completed and whose concept is very unique - and to some, hard to fathom - it becomes prevalent to take all relevant factors. Such is the case at Andaz Maui at Wailea, where villas offer among the strongest values in the luxury niche but are still under construction (as of this writing on July 30th).

The information below is believed to be accurate but not guaranteed. The Wailea Group exclusively represents the developer and the listing broker, Robert Merriman, can be reached at 808.870.8000 or Rob@WaileaSales.com:

Villa           Floor                  Floor Height                        
E-1 Ground 22 Feet
E-2 1st Floor 33 Feet 6 Inches
E-3 1st Floor 33 Feet 6

hokulani condo in honua kai

For the diligent buyer who has been attentively watching the Honua Kai market, it is critical to note that developer inventory is NOT included in the MLS list of Honua Kai Condos For Sale. As such, it is important to reconcile available data from the MLS (resales) and new sales, as available below:

Hokulani Condos For Sale

UNIT       LIVING SQUARE FOOTAGE          TYPE                           VIEWS                                                                NEW PRICE
215 1,320 square feet 2 bedroom Partial Ocean View $1.375M
225 1,200 square feet 2 bedroom Ocean View $1.12M
345 1,100 square feet 2 bedroom Partial Ocean View $1.21M
203 1,940 square feet

Thinking of purchasing or selling a Maui luxury property? View the infographic below for a better understanding of the current state of the market and contact us for a confidential consultation - at Island Sotheby's International Realty, we specialize in assisting clients in the Maui real estate objectives.



The Makena real estate market continues to set the pace of the Maui luxury micro-market and in keeping a diligent eye on new inventory, it is worthy of mention that 38 Uweloa Place is listed for sale at $7.9M. Located in the highly sought-after Papaanui Makena, the 4,700 square foot 4 bedroom / 5 and a half bathroom Makena estate offers an ideal setting for a relaxed South Maui lifestyle. 

In typical Hawaiiana-style, the home is divided into pods - to further enhance the living spaces and define their purpose, all anchored by its breathtaking infinity pool. With disappearing glass walls and unobstructed ocean views, the indoor/outdoor fusion is seamless. Steps away, Makena Landing is a watersports haven, from kayaking, to snorkeling, to stand-up

In keeping a close eye on the Wailea Pualani market, a new listing caught our immediate attention. As the REO (foreclosure) inventory on Maui continues to dwindle and slowly trikle into the market, well-priced properties are being absorbed at a fast pace due to the strong value proposition presented. And such is the case in 3138 N Noho Loihi Way, which is a bank-owned property offered through the Realtor's Association of Maui MLS on July 8th for $1.299M.

Offering 2,996 square feet of finely appointed living space and over 400 square feet of lanai, this 4 bedroom, 3 bathroom home with a phenomenal pool and ocean views, 3138 N Noho Loihi Way is by far one of the strongest values to hit the Wailea real estate market in quite some time.

Not sure if

As the first half of 2013 has now concluded, we are in a better position to ascertain how the Maui real estate market is performing as compared to the same time period of year past. And as our particular emphasis is on the high-end sector of the real estate market, let us analyze sales of luxury Maui homes.

By the beginning of 2012, the consensus among Maui real estate professionals was that the market was in full recovery mode and sales were reflective of such. During the first half of 2012, there were 65 sales of single-family residences over $1M, amassing a total of $139.632M, at an average of $2.148M and a median sales price of $1.6M - impressive numbers indeed.

Now let us fast-forward to 2013, which anecdotaly has proven to the return to a