As 2015 comes to a mid-point, our visitors and clients continue to request (and rightfully deserve) the most updated information on the Honua Kai real estate market. So let's start by recapping activity on the month of June, in lieu of our typical monthly report. 

June 2015

June proved to be a slow month statistically, but one that could result in significant activity down the line. Only one sale recorded, the sale of Konea 110 for $825K. This unit is perfect example of the direction of values for 1 bedroom units. A large (730 sq. ft.) floor plan with a spacious lanai facing the resort area between the two towers. At $825K, the price per square foot of $1,130 is consistent with fair market value for specialty 1 bedroom units. There was only one new

With much anticipation and some lively debate among tenants, guests, and the local community, on June 12th The Shops of Wailea introduced paid parking to all those who enter the premises - much to the chagrin of many. The purpose of this post is to share relevant information regarding the new parking system and process, NOT to debate the pros/cons of paid parking at The Shops of Wailea.

Overview

There are two main entrance and exit stations, both on Wailea Alanui Dr which are the same points of ingress/egress as has been in the past, and there will be an exit-only gate on the northern edge of the property (the ramp leading towards the Marriott). To facilitate payment and assistance, there will be five pay stations, located along each of the two main

One of the most common questions we hear from clients are variations of "Is now the time to buy" or "Is now the time to sell". In general, there are a plethora of variables to take into account in order to gauge the viability of a potential sale and its benefits to the seller(s), as each case is as different as the principals conducting them. However, taking most factors into account without going into specific circumstances, for foreign nationals who are seeking to liquidate their Maui real estate, now presents a particularly strong opportunity to sell while currency exchange is favoring the USD. 

Canadians

Due to the (relative) proximity, safety, unique culture and its incredible tropical beauty, Canadians gravitate to Maui - and their

Today's question comes from a client who has been exploring the Wailea real estate market for some time:

Question: It seems like the Wailea condo market is really down from last year, are values going down keep up with this decrease?

Answer: Although to some the market may seem to have slowed down, year over year all the metrics that we use to measure market activity across are reflective of a micro-market. Below is a chart comparing the Jan-May timeframe of 2014 to that of the current year - the average sales price slipped slightly from $1.564M to $1.47M, while the median sales price saw a slight increase from $1.01M to $1.07M. However, a key metric worth pointing out is that sales increased by a whooping 30.2% from 43 sales to 56. Total sales