Steven Nickens Maui Real Estate Blog: What's Happening on Maui

Monday, September 10, 2007

What's Happening on Maui

What’s Happening on Maui

This past Saturday brought are first North West swell of the year. I could not resist a morning surf session. Couple hours in the water and time for lunch. Being the great day it was the winds were filling in so it’s off to Kanaha Beach Park. The wind was perfect and I had a really good session windsurfing. You will find people from all over the world out windsurfing from Italy, France, Japan and Germany tearing it up in the water. Life on Maui is amazing and we have so many options. A lot of people really enjoy a round of golf or a good day at the beach. Maui attracts a lot of thrill seekers and people who really enjoy the out door active life. If you would like to check out Maui north shore properties for sale check this link. Another area that is appealing to people who enjoy the country is Haiku Maui homes for sale offering country living at its best.

Aloha,

The Nickens Team

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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

Monday, September 10, 2007

What's Happening on Maui

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