July 2014

Found 5 blog entries for July 2014.

With natural splendor, world-class amenities, and a culture worth exploring, Maui's establishments, resorts, and restaurants are mainstay in most 'best of' lists published. One worth noting is the inclusion of the Road to Hana among Business Insider's "World's Most Beautiful Roads".

road to hana

The Road to Hana is famed for its hairpin curves set along Maui's East Coast - with waterfalls, bridges, and one of the most magnificent ocean views in the world to frame the splendor. With over 600 sharp turns and 50+ one-lane bridges, it's not a 'quick drive'. It can easily take a few hours, especially as it is strongly suggested to stop by one of the many roadside vendors (banana bread has never been this fresh!), explore some of the hikes, or continue on to the

The Makena Real Estate market is one of the most unique in Hawaii due to its low inventory, varied degree of potential offerings - from Makena Surf condos to large luxury estates in One Palauea Bay - and quiet splendor that appeals to world dignitaries, business magnates, and celebrities. In keeping our clients informed of micro-market conditions, we would like to announce the sale of 7421 Makena Road. 

7421 makena road

Presented by the Wailea Group, the 3 bedroom / 3.5 bathroom home was offered for sale at $8.4M, with the final sales price of $8.05M. The home was originally presented on April 18th, went under contract on May 28th, and its sale recorded today, on July 25th. With 3,922 square feet of interior living space, its sale at $2,052 per square foot

After months and months of speculation as to the status of the Montage Residences Kapalua Bay, patient buyers have been rewarded as the first units have been listed on the Maui MLS:

Ranging in price from $3.4M to $7.5M for the premium 'hammerhead' units, these offer a particularly strong value proposition: beachfront location in one of the most beloved beaches in the world, spacious floor plans exploiting view corridors while maximizing privacy, and affiliation with one of the most recognizable luxury brands in the world: Montage!

Our team includes THE utmost Kapalua real estate experts who would be happy to discuss in greater detail everything that the Montage Residences Kapalua Bay have to offer and provide context, not only within the Kapalua

*Update: In month of July, there were 19 REO's (foreclosures/bank-owned) listed. We are experiencing a significant increase over past months. Contact us if you are looking for a specific type of property and/or want information as to WHY the sudden influx.*

The Maui real estate market hit the height of the market in the spring 2007 - with slight variance depending on the type of property in question - after which, with the market at a rapid decline and property owners losing significant amounts of equity, the inevitable happened: Properties started going into foreclosure. Below is a chart detailing the amount of REO's ('foreclosure'/bank-owned) listed each month:

Foreclosures on Maui

With a mere 45 listings in 2008, one could not have foreseen what was about to be

Along with posting updated information on the micro-market via our Honua Kai monthly reports, we also maintain a bird's-eye perspective to have a better gauge of the bigger picture moving forward, not only within its own niche but also (and perhaps more importantly) its place in the overall Maui condo market. And in keeping a diligent watch on Honua Kai in 2014, we have our observations as to the current market, projected trends, and interpretation of sales data.

Now that the first half of 2014 is on the books, including the majority of high season's sales (with the understanding that a few of those may close at a later time), we can use data to objectively substantiate what we have been saying so far this year: The Honua Kai market is on fire, if you