Category: Maui

Popularity of Kaanapali Real Estate

By , January 7, 2013 7:57 am

354728-0Kaanapali is known for some of the most desirable real estate in West Maui.  The popularity of Kaanapali’s beautiful beaches and water activities continue to attract tourists and buyers worldwide to this beautiful place.  In fact, the West Maui real estate market has been quite active during 2012, showing signs of reduced inventory as bargain hunters and the most discriminate buyers head here to find their dream property.

Kaanapali Market Snap Shot

According to the Maui MLS, as of December 1, 2012, sales volume was up in Kaanapali with 207 sales compared to 189 sales in 2011. Although the average sales price was down from $832,542 in 2011 to approximately $680,442 as of December 1, 2012. The lowest sale was $125,000 and the highest sale was $3,999,000. As of December 1, 2012, there were 219 active listings, 2 short sales and 3 bank owned REO’s. Average days on the market are 300.

Practical Advice

If you are looking to purchase Kaanapali real estate, the best advice is to work with a local Realtor

who understands the market conditions and can guide you to the right properties that fit your financial

needs and life style. When you do find your island treasure, it’s a good idea to act quickly before

someone snaps it out from under you. Buyers are frequently encountering multiple offers on

Kaanapali well-priced homes and condos.

 

With historic low interest rates and affordable prices, it’s no wonder why so many buyers have been

taking advantage of these favorable conditions. However, if you need to obtain financing, keep in

mind that lending guidelines are tough so you need to get your finances and credit in order so you

qualify for the best mortgage rates. Your West Maui Realtor can recommend a reputable lender or

mortgage broker who will shop around to find you the best mortgage products before you start your

Kaanapali or surrounding area home buying process. This way you and your Realtor can narrow down

the properties that you are qualified for and meet your needs.

 

So if you are wondering what you can expect here in Kaanapali during 2013, local real estate

experts predict a return to a healthy and more normal real estate market with prices stabilizing.

If you thinking about buying or selling Kaanapali real estate, the start of the new year is the

perfect time.

Article  on Kaanapali real estate trends contributed by Jeff Manson of www.adrhi.com/maui-real-estate/west/kaanapali/

Maui, the unique beauty of the Valley Isle

By , November 21, 2012 8:23 pm

Maui in Hawaii is such a paradise. With beautiful beaches and a nice tropical weather all year round, there’s no wonder why tourists from all around the globe flock into this part of the Pacific every year.  But what makes Maui a standout from the rest is that it offers not just beautiful beaches but also a unique weather. It feels tropical in the lower part of Maui but temperature drops as you climb higher to the summits of nearby mountain ranges; one of which is home to one of Maui’s most talked about destination, the Haleakala volcano.

This terrain and weather uniqueness makes the place even more enticing to tourists. It’s been a major destination for travelers both for its beaches and wide range of amusement parks.  Maui takes pride of 16 golf courses so it’s clear that this part of Hawaii is not simply for the beach bum. And if you’re worried about accessibility, Maui has three airports all in all so you’re guaranteed to enjoy the convenience that you deserve.

But Maui is not just for tourists and travelers. It’s also a great place for settling down. Don’t we all dream of living in a beautiful beach house with our kids running around and a delicious barbecue just outside the doorstep?

Now, anyone can invest real estate in Maui. Here, you will find a wide range of properties for sale.  For sure, there’s one that will fit your budget. Choose from vacation homes, townhouses, condo units, and a lot more. The best thing about investing in a place like Maui is that it you don’t have to oblige yourself to live here for the rest of your life. Even if you decide to leave somewhere else, you can always rent out your property to travelers. You’re sure to enjoy great profits because tourism is always at its peak in Maui.

And for those who are planning to start a family, there is a wide range of averagely priced family homes in this part of Hawaii that’s sure to fit your budget. No need to think twice! With beautiful beaches and spectacular mountain ranges surrounding you, Maui is definitely the perfect place to raise your kids!

What are you waiting for? Contact your Maui real estate agent and check out vacation homes, condominiums, lots, and potential real estate investment that are sure to give you a good value for your money.

Contributed by Gary Allalouf of www.myhawaiirealestateonline.com

Maui Real Estate Report

By , April 15, 2010 7:35 pm
Maui Manta Ray
Image by George Chang via Flickr

As of April 1st there were 172 single family home sales on Maui year-to-date, compared to 121 sales this time last year.

Total dollar volume increased 19%.

The average price was $662,378, compared to $790,726 this time last year – down 16%

The median price for a home was $469,000 compared to $520,000 a year earlier – a decrease of 10%.

663 homes are currently listed for sale on Maui.

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Exploring the Pacific while on the Ground

By , October 27, 2009 4:10 am
Green turtle, Chelonia mydas
Image via Wikipedia

A large number of Maui real estate listings can be found near Maalaea, a place in between Lahaina and Kahului.  One of the landmarks of the developing town is the Maui Ocean Center, an aquarium and marine science center that opened in 1998.  The facility features the largest tropical reef aquarium in the Western hemisphere and includes a number of dynamic and unique exhibits on coral, sea turtles, sharks, humpback whales, and a number of endemic Hawaiian species.

The three-acre center has quickly become one of Maui’s leading tourist attractions thanks to its focus on species sustainability and nature preservation.  A special kamaaina, or local resident, rate helps to bring in even more guests.  Besides serving as a platform for under- and above-water exploration, the Maui Ocean Center also caters to special event planners by offering its facilities for dining and other exhibits. More importantly, the center also is dedicated to offering an education program and wildlife conservation effort that has helped to preserve some of Hawaii’s most loved creatures.  Thankfully, the center has been able to drum up significant volunteer bases to help the majority of the non-exhibit rehabilitation, research, and examination programs that take place 365 days a year at the Maui Ocean Center.

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