Category: Real Estate

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

Kapalua: A West Maui Resort Paradise

By , May 29, 2012 6:46 pm

As is the case with many Maui communities, Kapalua is located on the West side of Maui and is known to be a great West Maui resort paradise. That isn’t to say that you can’t find great deals on single-family homes, townhouse and condos in the area; you just may need to gear up for a resort style lifestyle, which is always a great way to live.

Single-family homes, townhouses and condos are all available in this West Maui resort paradise. Family friendly homes, as will as individual townhouses and condos await you here, it all depends on what you are looking for. Kapalua is home to arguably the most famous golf course in all the Hawaiian islands. Kapalua Golf Course is actually a world famous golf course that is split up into two par 72, 18 hole golf courses. If you choose to purchase a single-family home, townhouse or condo Kapalua Real Estate area of Maui, then you will actually be able to chose from either course at the Kapalua Golf Course, the Plantations Course or the Bay Course. Both are amazing and are waiting for you right now.

Want to raise a family in this area of Maui? No problem. While there are certainly more ideal spots on Maui for a family friendly community, Kapalua does indeed offer all the amenities needed to raise a family. Great homes, good schools that are nearby, and plenty of shopping, dining and parks make Kapalua a very ideal place to raise a family.

Median home prices and sales prices vary. However, you can expect to spend a little more in this are of Maui, simply because of the resort style lifestyle and larger single-family homes, townhouses and condos that are offered here.

With all the community amenities available in Kapalua it will be hard to say no to the area once you have visited it. With so many wonderful golf courses, outdoor activities that will delight the entire family, plenty of nearby schools, and more than enough shopping and dining, Kapalua may just be the last stop on your Real Estate search.

If you are interested in owning a single-family home, townhouse or condo in the majestic Maui resort paradise known as Kapalua, then take some time to see what all is available. It may not be right for you, but on the other hand it may be exactly what you have been searching for.

West Maui housing market

By , June 19, 2010 3:12 am
Lahaina Harbor, Lahaina, Maui, Hawaii
Image via Wikipedia

The West Maui housing market, a large component of the Maui County real estate market, has shown some signs of improvement for the last few tracking periods. According to Pacific Business News, “Sales of condominiums in Maui County doubled last month, while sales of single-family homes rose 35 percent. There were 104 condo units sold in May, including two on Molokai, which was 100 percent more than the 52 units that sold in May 2009, according to the Realtors Association of Maui.” The June 14, 2010 article went on to say that “There were 81 single-family houses sold on Maui alone last month, a 35 percent increased compared to the 60 homes that sold on Maui, Lanai and Molokai during the same month last year. Prices, however, didn’t follow suit. The median price for a single-family house was $442,000 in May, an 8 percent decline from $482,500 in May 2009.”

This increase in the number of West Maui homes for sale actually being purchased was predicted by the Lahaina News. A May 2010 article said, “The market is starting to turn, indicated by the increase in unit sales. While the Homebuyer Tax Credit program has ended, the resulting sales (closings) through May and June will show in the next two months’ statistics.” The report continued to state that “Anecdotal evidence from agents, lenders and escrow personnel indicate that a good portion of the transactions in process (not yet closed) are outside of the tax credit program, and that there is strong buyer-showing activity that should result in future sales. Condo median prices are showing some small upticks.”

Some examples of West Maui and Maui County real estate are being sold for drastically reduced prices. According to a May 27, 2010 article from the Wall Street Journal, “Some buyers are getting huge price cuts. In April, a home on the Hawaiian island of Maui sold for $19.9 million, down from the original asking price of $38 million. Nancy Callahan of Island Sotheby’s International Realty, the listing agent, declines to name the buyers but says they are from Wyoming.”

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