Steven Nickens Maui Real Estate Blog: Maui Real Estate

Tuesday, May 13, 2008

Maui Real Estate

Recent Maui Sales of Maui Real Estate

Her are a few recent sales for the Maui real estate market.

In Wailea Maui market this unit at The Palms at Wailea just sold for $835K. It was listed at $867K. So you can see that sellers are willing to negotiate on asking prices.

Here is a house in Maui Uplands in Makawao, Maui that was listed for $867,500. The home was 1320 sqft of living space and an attached ohana. The selling price was $850K. It was located on a ½ acre lot in a nice neighborhood.

The Wailea Maui real estate market is one of the strongest in the country. With Maui being a focal point for world travelers. Wailea Maui is a destination for visitors that enjoy luxury living. Ho’olei Wailea Maui Town homes offer just the luxury that brings visitors to Wailea time after time. There were just three units that closed. C-2 Ho’olei was a 2426 sqft unit that closed for $2,625,000. Wailea Ho’olei C-3 is a 2619 sqft unit that closed at $2,895,000. Ho’olei unit C-6, the largest unit at 3076sqft closed at $3,525,000.

So as you can see things are moving in Maui and with the low interest rates it is a great time to buy. To search Maui real estate for sale go to www.nickensmaui.com

Aloha,

Steven Nickens R(S) GRI, ABR
The Wailea Group LLC
3750 Wailea Alanui, Suite 5WE
Wailea, Maui, Hawaii, 96753
www.nickensmaui.com
email: nickens@maui.net

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RELATED NEWS FROM THE WEB

The median price of existing single-family homes sold on Maui continued to hover around $650,000 in May, after spending most of last year in the $700,000s.
The May median was $650,150, compared with $729,000 in the same month last year, according to the latest statistics from the Realtors Association of Maui.
Sales were higher in May at 96 compared with 87 a year earlier.
The association reported that condominiums in May sold for a median $531,325, down from $600,000 a year earlier. There were 109 condo sales, down from 137 in the same comparable period.
Terry Tolman, the association's chief executive, said the market is a healthy one providing opportunities for both buyers and sellers.
"Expanded inventory and continued low interest rates provide plenty of options for buyers," he said. "Realistic sellers can beat competing properties with better property condition, careful pricing, good marketing and flexible terms. Unrealistic sellers will be left on the bench."
Because Maui's housing market is a small one with relatively few sales, a few high or low sales can have a greater effect on statistics without necessarily indicating a big market swing one way or another.
The Realtors Association of Maui last month also reclassified two large projects in Wailea as condos after previously counting them as single-family homes.
Tolman said the change was made to better categorize new hybrid types of residential projects that have elements of single-family and condo living. As a rule, homes with shared land ownership will be classified by the association as condos when they are on property zoned for resort or apartment use. Such condo property regime projects on land zoned for residential, rural or agriculture use will be included in the single-family home count.
Reach Andrew Gomes at agomes@honoluluadvertiser.com.
View blog http://www.blogcatalog.com/directory/business/real/estate
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Steven Nickens Maui Real Estate Blog

Tuesday, May 13, 2008

Maui Real Estate

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