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Friday, July 19th, 2013 at 10:28am. 1085 Views, 0 Comments.
The Maui real estate statistics are out by
Realtors Association of Maui, Inc.The numbers are huge.
Single family Homes
Sales increased by 45 units to 485 homes sold, a 10% change YTD. The Highest Price Sold was a $9,700,000 Kapalua residence. The average sold price increased to $817,232, which is up 15% YTD.
The median price increased to $542,000, 20% YTD.Condos
Sales increased slightly to 672 units sold, up 4 units. Average sold price increased to $536,021, up 13%!
The Median Price increased to $372,500, up +6% YTD.
Inventory is low:
There is a 5 month supply of Single family homes and condos on the market.
The market in Maui is pretty much mirroring the Oahu market. Inventory low, prices up, but starting to slow down a bit.
Sunday, April 14th, 2013 at 8:30pm. 7544 Views, 0 Comments.
I often hear from young adults today that they are finding it difficult to establish themselves in the housing market. Owning your own home is a central part of the American dream, and a pretty important milestone in any person's life, so it's bad news if young people today are having a tougher go at it than we did. But are they really?
I decided to dig up the statistics all the way back to 1979 to find out how affordable a home has been for the average American over that time period, based on median home price, median family income, interest rates, debt levels, and more. The results were both surprising and complicated, so I decided to present them in infographic form to make it easier for my readers to make sense of all the data I looked at.
Wednesday, March 27th, 2013 at 9:48am. 22541 Views, 0 Comments.
Check out my new listing in Ocean Pointe for $690,000. This beautiful 2446 sqft house has 5 bedrooms, 3 bathrooms, and a detached studio with wetbar. It has a great corner lot!
Great room with new stainless appliances !
Large living room lead to even bigger back yard
Large open lanai
Saturday, March 16th, 2013 at 7:36am. 618 Views, 0 Comments.
With an asking price of $24.9 million, the exquisite property of 210 North Kalaheo Ave. in Kailua is currently the highest priced home for sale in all of Oahu. But what's most stunning about this home, other than its gorgeous design and countless luxury features, is that its original asking price when it went on sale in 2011 was $36 million. That's a reduction of $11.1 million - probably the largest price drop in Hawaii real estate history! Luxury buyers should take note, because as far as top-tier homes in Hawaii go, this one is a serious bargain.
With countless features and amenities to boast about, one hardly knows where to begin when describing this incredible piece of real estate. With an 11,000 square foot estate which includes a…
Friday, March 1st, 2013 at 9:11am. 33045 Views, 0 Comments.
This 2324 sqft, 4 bedroom 3 bath home was just listed yesterday. At just under $1 million, it is the ONLY home available in Hahaione Valley right now. Check out this long driveway with room for several cars.
And some nice ocean view from the living room and dining room.
Kitchen has new Corian counters and stainless steel appliances with a gas stove.
And flat yard for kids and pets!
Wednesday, February 20th, 2013 at 8:31am. 23317 Views, 0 Comments.
It's true - there are only 3 availaible homes for sale in ALL of Hawaii Kai under $1 million. I just listed this one, and even though we haven't shown it, I have multiple buyers wanting to send us offers over asking price!
This remodeled ocean view home has 1340 sqft, 3 bedrooms, 2.5 baths, with granite kitchen and wood floors. Best of all, it's located at the top of a flat cul de sac so kids can play outside, and adults can enjoy the ocean view from the llanai.
We decided to let it sit on the market for an ENTIRE WEEK before allowing any offers to come in. This way, our first showing day will be a mad rush, and I'm certain there will be multiple offers well over asking price. In this market, every good listing that is priced correctly should…
Monday, January 14th, 2013 at 10:58am. 1970 Views, 0 Comments.
2012 in Oahu Real Estate went on record as one of the strongest seller's markets in a long time. The median home price for at the end of 2012 was $620,000, up 7.8% since last year, while condos were at $317,500, up 5.8%.
A year ago, Oahu median home prices were just $575,000, and median condo prices were at $300,000. The number of sales increased as well, up 6.5% or homes and 8.2% for condos compared to all of 2011.
The main factor driving up prices is the lack of inventory, with only 2.5 months of home inventory in Oahu. This led to sellers receiving an average of 97% of their asking price in 2012, as compared to 95% in 2011.
But most people want to know where the market is going in the future, not where it was in the past. What will 2013 look…
Monday, January 14th, 2013 at 9:58am. 8530 Views, 0 Comments.
Many people don't realize that Obamacare contains a new 3.8% tax on real estate sales.
It won't effect most people, but it will effect those with upper income. Add up all of your income from every possible source, and if that total is less than $200,000 ($250,000 on a joint tax return), you will not be subject to this tax.
Thursday, November 15th, 2012 at 8:22am. 3012 Views, 0 Comments.
Over the years, I have seen some truly spectacular homes here in Hawaii - from movie star mansions to CEO villas, the multitude of luxury homes in this corner of the world has always impressed me. Yet these 3 exquisite properties set the bar even higher, offering their potential owners a luxury lifestyle that's probably the best in the world. But don't just take my word for it - read on and find out how they earned their eye-popping price tags!
1. 6191 Hauaala Rd (Kauai) - $25 Million
As the single most expensive home for sale right now in Hawaii (excluding undeveloped land, of course), and with an asking price of $25 million, you might think that 6191 Hauaala Road has a lot to prove - but even a cursory glance at this wonderful property will clearly…
Wednesday, November 7th, 2012 at 8:19am. 1041 Views, 1 Comments.
Congratulations to my buyer on this beautiful beach front purchase! With over 10,000 sqft of space, 9 bedrooms and 6 baths, this is an estate that impresses all visitors. With a beautiful sandy beach park right next it, a huge pool and spa, and a view beyond compare, this luxurious property was a bargain at $3.5million! It's located just 10 minutes South of Kailua and 30 minutes East of Honolulu.
Thanks to my client for his patience and flexibility! You've got yourself an amazing property now!
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