Steven Nickens Maui Real Estate Blog

Friday, October 10, 2008

Gas Prices Finally Drop in Maui.

Okay our prices are still $4.39 a gallon on Maui that’s a start. Oahu is under $4.00 a gallon. They tell us that we pay more county gas taxes I guess. So it’s a little improvement I would only hope to see it under the $4 range. I sold my gas guzzler and I am enjoying 27 miles per gallon. I notice these beautiful 4x4 trucks for sale for $8,000. I guess no one wants them any more. So maybe this is a shaking time. We will be seeing more fuel efficient cars or the auto makers will be out of business( Hopefully we don’t bail them out for being short sited.). So for today I am enjoying gas price starting to drop. That doesn’t mean I am not rethinking the way I live. I am into the quality not the quantity. What ever works in this ever changing world market? I find the way I drive, do business and live at home I need to be thinking outside the box. I hope you find the balance in your life in uncertain times.

Aloha,

Steven C. Nickens
The Wailea Groiup LLC.
3750 Wailea Alanui, suite 5WE
Wailea, Maui, Hi 96753
www.nickensmaui.com
Email: nickens@maui.net

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Maui Market

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.
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Steven Nickens Maui Real Estate Blog

Friday, October 10, 2008

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