South Maui Condominium 

Best Buy List 

As of March 25, 2010 

Price                Condominium             Loc      Vac      Comments 

$   127,900      Southpointe 22-205                  NK      N         2BR (REO) Price! 

$   134,900      Kihei Villages 28-201 (New)    NK      N         2BR (REO) Price! 

$   141,740      Haleakala Gardens 19A (New)NK       N         3BR (REO) Price! 

$   249,000      Kihei Kai Nani 103                  SK       Y         1BR Nice & Price! 

$   264.957      Kauhale Makai 329                  NK      Y         1BR Oceanfront/Oceanviews 

$   322,900      Haleakala Shores B307            SK       Y         2BR (REO) Large & Price! 

$   319,000      Maui Banyan H114                  SK       Y         1BR Location & Price! 

$   325,000      Kihei Akahi C307                    SK       Y         1BR Loc, Oceanviews, Price 

$   329,900      Kai Ani Village 2-204   SK       N         2BR New & Nice! 

$   345,000      Awihi Townhouse 4                  SK       N         2BR Price Gar Oceanviews! 

$   359,000      Hale Kai O Kihei A217            NK      Y         1BR Nice & Oceanfront! 

$   395,000      Hale Kanani 3-106                   SK       N         2BR Price & Nice! 

$   425,000      Sugar Beach 409                      NK      Y         1BR Sandy Bch Oceanfront! 

$   489,000     Grand Champions 37                W        Y         2BR Large & Price! 

$   449,000      Grand Champions 103 W        Y         1BR (short sale) On GC! 

$   535,000      Wailea Fairway Villa P103       W        N         2BR On GC & Oceanviews! 

$   569,000      Kihei Beach 503                       NK      Y         1BR Nice Oceanfront! 

$   574,475      Maui Kamaole C206 (New)     SK       Y         2BR Nice, Price, Oceanviews 

$   599,000      Palms at Wailea 202                 W        Y         1BR Nice & Price! 

$   629,000      Nani Kai Hale 509                   NK      Y         1BR Spectacular Oceanfront! 

$   639,000      Wailea Ekolu 1304                   W        Y         1BR Great Oceanviews! 

$   659,000      Ke Alii Oc Villa K101  SK       N         3BR Large & Great Price! 

$   695,000      Wailea Palms 3708                   W        N         1BR Nice & Oceanviews! 

$   729,000      Royal Mauian 508                    SK       Y         1BR Beautiful Oceanfront! 

$   800,000      Hokulani Golf Villa 34 SK       N         2BR Res Condo! 

$   849,000      Kai Malu 20B                          W        N         3BR Res Condo Great Price! 

$   999,000      Mana Kai 409 (New)               SK       Y         2BR Beautiful Oceanfront! 

$1,195,000      Royal Mauian 610                    SK       Y         2BR Beautiful Oceanfront! 

$1,795,000      Hoolei T-1                               W        Y         3BR New, Large, Price! 

$1,599,000      Maalaea Surf H5                      NK      Y         2BR Spectacular Oceanfront! 

$2,345,000      Makena Surf B303                   Mak     Y         2BR Spectacular Oceanfront! 

$2,395,000      Polo Beach 207                        W        Y         2BR Spectacular Oceanfront! 

(New)=New Additions to List,  Vac=Vacation Rentals allowed in project Y=Yes, N=No  Mak=Makena,  W= Wailea,  SK= South Kihei,  NK= North Kihei,  M= Maalaea 

By BRIAN PERRY, City Editor 

POSTED: March 27, 2010 

KAHULUI – Maui tourism got a bit of a lift Friday when Alaska Airlines began daily service between Kahului and Sacramento, Calif. 

More than 150 passengers on the airline’s first flight of its new direct connection between Maui and the West Coast were greeted at Kahului Airport with lei, hula dancers and Hawaiian music. 

Sacramento resident Meredith Santos said the five-hour flight was “wonderful.” 

She and her husband, Freddy, came to enjoy spring break with their sons, ages 6 and 3-1/2. With the direct service, she said, it would be more likely that her family would vacation on Maui. 

Rich Labate, a resident of Sacramento suburb El Dorado Hills, said he was disappointed when Aloha Airlines shut down in the spring of 2008 and stopped doing direct flights to Maui. He said it’s more convenient for his family to fly direct. 

“This is great, to bypass Honolulu,” he said after arriving with his wife, Jacqueline, and two teenage daughters. 

Sacramento resident Juliette Luong came to Maui for a week during the spring break with her husband, Eric Van Ostrand, a daughter and two sons. Friday marked the seventh consecutive year the couple’s family has vacationed for a week during spring break on the Valley Isle. 

The couple also was disappointed to lose the direct service provided by Aloha and needed to fly to Maui via Honolulu last year. 

“We were so happy when we learned that Alaska’s flying nonstop,” she said. 

Cheryl Marcell, deputy director of marketing and public relations with the Sacramento County Airport System, said there’s a significant amount of demand for Hawaii and, in particular, Maui, travel from residents of the Sacramento area. 

Sacramento airport officials approached Alaska Airlines about establishing a direct flight to Maui after Aloha shut down, and they were “very excited” when the air carrier agreed to fly direct to the Valley Isle, she said. 

California residents who’ve already visited Oahu tend to favor Maui in order to have a “tropical, lush” vacation, she said. 

For Maui residents thinking about flying to Sacramento, the airport there is about a 40-minute drive to Napa Valley wine country; 60 minutes to Reno, Nev.; 90 minutes to Lake Tahoe, Calif.; and two to 2 hours to San Francisco, depending on traffic, Marcell said. 

Steve Jarvis, Alaska Airlines’ vice president of marketing, said the airlines’ new direct Maui connection increases the carrier’s offerings between Hawaii and West Coast locations. Aside from Sacramento, those destinations are Oakland and San Jose in California, Portland, Ore., Seattle and Anchorage, he said. 

Alaska Airlines already has daily direct Maui connections with Portland and Seattle, four days a week with Oakland (Mondays, Wednesdays, Fridays and Saturdays) and three days a week with San Jose (Tuesdays, Thursdays and Sundays). The airline is scheduled to add a second daily flight to Seattle on June 10. 

The new daily Alaska Airlines flight to Kahului leaves Sacramento at 8:15 a.m. and is scheduled to arrive on Maui at 10:50 a.m., although it came in about 20 minutes early Friday. Through April 10, the airline departs Kahului at 11:50 a.m. and arrives in Sacramento around 8 p.m. (Beginning April 11, the airline leaves Maui at 1:50 p.m. and gets in to Sacramento at approximately 10 p.m.) 

Each flight accommodates 16 passengers in first class and 141 in the main cabin. 

Price                Condominium             Loc      Vac      Comments
 BEST WAILEA VALUE FOR NON-VACATION RENTAL JEWEL:

$535,000   Wailea Fairway Villas  2 bd 2 ba. Views, furnished, fabulous!

$   135,900      Waipuilani 206 (New)              NK      N         1BR (REO) Loc Price!

$   169,000      Kalama Terrace P101             SK       Y         1BR Location Price!

$   180,000      Maui Gardens A207                 SK       N         1BR (short sale)Nice &Price

$   194,000      Kihei Garden Estate G103        NK      Y         1BR (REO) Loc & Price!

$   199,000      Keonekai Village 18201           SK       N         2BR (short sale)Nice &Price

$   229,900      Kihei Alii Kai B101                  SK       Y         1BR (REO) Loc/Price!

$   230,000      Walaka Maui 302 (New)          SK       N         1BR (short sale) Nice/Price!

$   250,000      Kamaole Sands 4213 (New)    SK       Y         1BR (short sale) Loc Price!

$   289,957      Kauhale Makai 329 (New)       NK      Y         1BR Price Views Oceanfront

$   295,000      Hale Kai O Kihei 213(New)     NK      Y         1BR (short sale) Oceanfront!

$   325,000      Maui Banyan H114 (New)       SK       Y         1BR Location & Price!

$   335,000      Luana Kai A106 (New)            NK      Y         1BR Price & Oceanfront!

$   345,000      Awihi Townhouse 4 (New)       SK       N         2BR Price Gar Oceanviews!

$   429,000      Kam Beach Royale 605            SK       Y         1BR Nice Oceanviews!

$   449,000      Menehune Shores 225              NK      Y         2BR Price & Oceanfront!

$   498,000      Grand Champions 172 W        Y         1BR On GC & Oceanviews!

$   499,000      Sugar Beach PH18                   NK      Y         1BR Penthouse Oceanfront!

$   599,000      Palms at Wailea 202                 W        Y         1BR Nice & Price!

$   625,000      Kamaole Sands 10-406            SK       Y         2BR Nice Loc/Oceanviews!

$   670,000      Wailea Ekolu 304                     W        Y         1BR GC & Oceanviews!

$   695,000      Wailea Ekolu 1405                   W        Y         2BR Price, Quiet Oceanviews

$   729,000      Royal Mauian 508                    SK       Y         1BR Beautiful Oceanfront!

$   759,000      Wailea Palms 3302 (New)        W        N         1BR Price Loc & Views!

$   849,000      Kai Malu 20B                          W       N         3BR Res Condo & Price!

$   999,000      Hokulani Golf Villa 4    SK       N         2BR Res Golf Course Condo!

$1,150,000      Hale Hui Kai 210                     SK       Y         2BR Beautiful Oceanfront!

$1,249,000      Royal Mauian 610                    SK       Y         2BR Beautiful Oceanfront!

$1,590,000      Wailea Elua 2110                     W        Y         2BR Beautiful Oceanfront!

$1,795,000      Hoolei T-1                               W        Y         3BR New, Large, Price!

$2,350,000      Wailea Point 2801                    W        N         2BR Spectacular Oceanfront!

$2,700,000      Makena Surf B206                   Mak     Y         2BR Spectacular Oceanfront!

$2,950,000      Polo Beach 802                        W        Y         2BR Spectacular Oceanfront!

(New) = New Additions to List            Vac = Vacation Rentals allowed in project

Hawaii recovery begun – economists
By HARRY EAGAR, Staff Writer 

POSTED: March 26, 2010 

The University of Hawaii Economic Research Organization is not tentative about the economy. “Hawaii’s economic recovery has begun,” it says in is annual forecast released today. 

It had been predicting recovery later this year. It acknowledges that “the visitor industry remains in a deep slump” – obvious from state tax collections – but with a “mild recovery” around the world, it now forecasts a gain of 2.9 percent in arrivals for the entire year. 

For the first time, UHERO is forecasting a real gross domestic product figure. Although the recovery may have begun, it still forecasts a small contraction for this year, negative 0.2 percent. That would be an improvement on the 1.3 percent contraction the economists estimated for 2008 and the 0.4 percent contraction in 2009. UHERO forecasts Hawaii’s overall gross domestic product will grow in 2011, by 0.5 percent. 

“While the past year has brought the anticipated business cycle turning point,” the report says, “there have been no developments that would warrant a substantially stronger forecast path.” 

Hawaii as an exporting economy – economists consider tourism an export, even if the customers come to us – is subject to the economic conditions that prevail elsewhere, but the university economists are moderately confident that world and national conditions will improve. 

“The biggest downside risk for Hawaii is the state budget crisis, where we are only now feeling the full impact of job losses and furloughs/pay cuts,” the economists say. 

As with other projections for the national economy, UHERO is expecting a jobless recovery, at least in the near future. 

Job counts should drop another 0.8 percent this year, and the unemployment rate will grow a smidgen, to 6.9 percent, the economists predict. 

A lot of hidden unemployment is within that figure, since Maui County’s main job sources – retailing, the visitor industry and government – have all cut hours for many workers. 

“Additional public sector job losses are likely,” the report says. 

No increase in jobs is foretold before 2011, and if UHERO is right, the number of jobs will still be well below the peaks in 2007, since even the 2011 gain is projected to be less than 1 percent. Last year saw a drop of 4.4 percent, as the contraction that began in mid-2008 really began to take hold. 

UHERO notes that visitor spending, construction employment and building permits all seemed to bottom out by the end of 2009. 

Thanks in part to government stimulus spending, there should be some net hiring in construction over the next few months, even if the value of overall construction spending will fall by 17 percent. 

Inflation has dropped along with the rest of the economy, and the Honolulu rate is expected to be 1.9 percent. That would be an increase over 2009, when housing prices were falling, but it still would be less than half what it was when the economy was expanding. 

Information is not available to pin down the inflation rate for Maui. 

Real personal income should be flat, according to the economists. 

The University of Hawaii Economic Research Organization is not tentative about the economy. “Hawaii’s economic recovery has begun,” it says in its annual forecast released today.

It had been predicting recovery later this year. It acknowledges that “the visitor industry remains in a deep slump” – obvious from state tax collections – but with a “mild recovery” around the world, it now forecasts a gain of 2.9 percent in arrivals for the entire year.

For the first time, UHERO is forecasting a real gross domestic product figure. Although the recovery may have begun, it still forecasts a small contraction for this year, negative 0.2 percent. That would be an improvement on the 1.3 percent contraction the economists estimated for 2008 and the 0.4 percent contraction in 2009. UHERO forecasts Hawaii’s overall gross domestic product will grow in 2011, by 0.5 percent.

“While the past year has brought the anticipated business cycle turning point,” the report says, “there have been no developments that would warrant a substantially stronger forecast path.”

Hawaii as an exporting economy – economists consider tourism an export, even if the customers come to us – is subject to the economic conditions that prevail elsewhere, but the university economists are moderately confident that world and national conditions will improve.

“The biggest downside risk for Hawaii is the state budget crisis, where we are only now feeling the full impact of job losses and furloughs/pay cuts,” the economists say.

As with other projections for the national economy, UHERO is expecting a jobless recovery, at least in the near future.

Job counts should drop another 0.8 percent this year, and the unemployment rate will grow a smidgen, to 6.9 percent, the economists predict.

A lot of hidden unemployment is within that figure, since Maui County’s main job sources – retailing, the visitor industry and government – have all cut hours for many workers.

“Additional public sector job losses are likely,” the report says.

No increase in jobs is foretold before 2011, and if UHERO is right, the number of jobs will still be well below the peaks in 2007, since even the 2011 gain is projected to be less than 1 percent. Last year saw a drop of 4.4 percent, as the contraction that began in mid-2008 really began to take hold.

UHERO notes that visitor spending, construction employment and building permits all seemed to bottom out by the end of 2009.

Thanks in part to government stimulus spending, there should be some net hiring in construction over the next few months, even if the value of overall construction spending will fall by 17 percent.

Inflation has dropped along with the rest of the economy, and the Honolulu rate is expected to be 1.9 percent. That would be an increase over 2009, when housing prices were falling, but it still would be less than half what it was when the economy was expanding.

Information is not available to pin down the inflation rate for Maui.

Real personal income should be flat, according to the economists.

 POSTED: March 26, 2010

By HARRY EAGAR, Staff Writer