In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condo Over $1M
Vacation Condos Under $1M
Residential Condos
Vacant Land

  REO

All Properties
New  Properties
Price Reductions

Short Sales

Homes
Condos
Land
New Properties
Price Reductions

Market Update

The phrase "Maui no ka oi" holds true for many.  For an unparalleled 17th time, readers of Conde Naste Traveler Magazine have named Maui the best island in the world.  In addition Maui was also voted Best Island in the US (for the 21st consecutive year).  Maui's neighboring islands including Hawaii Island, Lanai, O'ahu, and Kauai (which placed 2nd in the world for best island) also grabbed topped spots.  To see the results of Conde Naste's Reader's Choice Awards click here (PDF).

In Maui Real Estate related news, so far this year there have been over $500 million in residential home sales ($537 million as of the end of September).  This is an 11% increase over sales volume for the same time period the previous year.  Condo sales volume on Maui through September of this year totaled slightly over $459 million.  This figure represents a sharp decrease of -26% in total sales volume from the same time period the previous year.

Which begs the question: What's in store for the rest of 2011?  October and November will likely continue at a similar pace.  Then in December we anticipate Maui will see an upswing in property's going into contract.  This is typically the trend as December marks the beginning of Maui's high travel season.  More travelers equal more buyers. 

Which leads us to the question: What will take place in Maui's real estate market in 2012?  What are your thoughts and perspectives on what's ahead?  Your feedback and interaction is always appreciated.

Have a wonderful week,

Mahalo Nui Loa,

Greg, Melissa, Ken, and Jeremy

P.S.  Please remember: If you are looking for a specific type of property, auto-notification is a great tool we can set up for you.  Simply tell us what you're looking for and let the Maui MLS do all the heavy lifting.  Auto-notification is a great way to learn of properties right as they come on the market.

Market Watch for October 17th, 2011

Homes Over $1M

Homes Under $1M

27 Miner Place Makawao $399.9K (FS)		Bank Owned. Simply beautiful 3 bd. 2 bath Makawao home plus 1 bd. 1 bath cottage attached by breezeway. Customer Listing Synopsis
463 Komo Ohia Street Wailuku $399.99K (FS)		Short Sale. Ocean and Iao Valley views from this private large home nestled on a future twelve acre park on the slopes of the West Maui mountains. Master suite on the ground floor. Customer Listing Synopsis
134 Mehani Circle Kihei $420K (FS)		Short Sale. 4 bd. 2 bath with full size swimming pool that was put in new in 2005 with extensive ceramic tile marine life in the pool; auto fill. Pool deck is gold quartzite with a smooth edged lip; there is a bench in the pool and deep end is 6'. The home has White vinyl windows and sliding doors and pop-out windows for a touch of elegance. Customer Listing Synopsis
738 Haiku Road Haiku $450K (FS)		Live the good life in sunny Haiku. Two homes. One large lot. Lots of fruit trees. This Haiku plantation property with house and cottage offer the comfort of countless nearby amenities and a 5 minute drive to nearby Ho'okipa. Agent Listing Synopsis

Vacation Condo Over $1M

Polo Beach Club #207 Wailea $1.95M (FS)

Prime 2nd floor location looks out over Wailea's famed "Polo Beach." Beautiful unit was recently redecorated and enjoys a great rental history. Walk up one flight of stairs from one of the best swimming beaches or the ocean front pool. Customer Listing Synopsis

Vacation Condos Under $1M

Pacific Shores A-208 Kihei $187.3K (FS)		Bank Owned. Very nice 2 bedroom, 2 full bath unit just steps from Kamaole I beach, restaurants and shopping. Customer Listing Synopsis
Wailea Ekolu #710 Wailea $689K (FS)		Welcome to Wailea Ekolu's highly sought after two story 1,489 sq. ft. 2 bedroom, 2.5 bathroom town-house floor plan. This unit features an Ocean View, Vaulted Ceilings, two lanais, and a wide open space feel. Customer Listing Synopsis
Kapalua Bay Villas 27G1,2 Kapalua $925K (FS)		Mesmerizing oceanfront location looking out to Molokai and North to Honolua Bay, this 1 bedroom, 2 bath unit is priced to sell. Enjoy this front row seat for whale watching, water action and all the color changes on Molokai all day long. Customer Listing Synopsis

Residential Condos

Kihei Shores D-110 Kihei $131.5K (FS)		Bank Owned. This is the one everyone is waiting for! Located at the top of the complex D110 is a clean two bedroom, two bath end unit with tile and wood flooring, new refrigerator and stove. D building is a one story building in a quiet section of the complex. Just painted. This unit is ready for personal touches and to move in. Customer Listing Synopsis
Iao Parkside 18-101 Wailuku $135K (FS)		Short Sale. Large 2 bd. 2 bath ground floor home in good condition. 2 parking stalls, large yard. Customer Listing Synopsis
Hokulani Golf Villas #1 Kihei $899K (FS)		Hokulani Golf Villas rare developer owned offering, never before available. Spectacular setting at the 18th green with powerful Haleakala, ocean and sunset views from this one level custom home. Enjoy single family residential living with all the conveniences of a condominium no yard to maintain, no pool to oversee yet Hokulani offer lush tropical grounds, a recreation center with insuring a stand-alone quality neighborhood. Customer Listing Synopsis

Vacant Land

93 Lahaole Place Wailuku $247.5K (FS)

Lowest priced Maluhia Country Ranches lot. Even has an installed water meter. Superior views. Customer Listing Synopsis