NEW SEARCH FEATURE on MauiRealEstate.NET

Title: New Feature to find sold comparables
 

To find sold comparables for a property, simple find the property in question and then scroll down to just below the “Show All Units For Sale” feature.  Click on the “Show Comparable Units Recently Sold” link and it will bring up a popup window that will show all of the comparables. Condos and residential homes find comparables that were sold within the last six months that have a not more that 1 bedroom more or less than the unit being viewed that are also in the same price range of $400,000 more or less. Condos will only bring up units in the same complex.  Vacant Land will find comparables of any price. Homes find comparables nut just in the same neighborhood, but in the general vicinity.
 
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From Maui Chamber of Commerce Newsletter

The Hansen Ohana attended the meeting where Dr. Bonham spoke.  It was very good and the summary below is excellent.  We know you would like us to share this info with you. 

Economic Recovery

 

Pamela Tumpap’s Notes from Who Moved My Recovery? By Dr. Carl Bonham

* Dr. Bonham noted the big question is “what will recovery look like?’
*He said the US reported last summer that the recession is over, but people still wonder what that means.
*He explained that the recovery is likely to e choppy.
*We need to watch consumer confidence and consumption.
*Investment in buildings will likely be subdued.
*We, in our County and State rely on US consumer consumption for travel and tourism and watching these key indicators will give us clues about our recovery.
*Feb. and March, 2010 were good months and we expect things to pick up during the summer.
*Investment in Maui and the State is better than the rest of the country, where lower investments are a drag on the economy.
*A typical recovery shows an increase in consumer consumption, typically followed by a increase in investment in equipment, with increases in structures (buildings) afterwards.
*However, with this recovery, investment in buildings in not expected to come back the same way. 
*With excess inventory in homes, no growth is anticipated in housing construction for a while.
*With respect to total US consumption, expect to see growth of about 3% this year.
*While 162,000 jobs were created last month, much of this was temporary employment and government work.  It was not really driven by a growing economy, however, it helps as more are working.
*It is estimated that $50 trillion in wealth was destroyed during this recession.
*As a result, we still face a reduction in consumer consumption and people are saving more.
*It will be a long recovery for household and business wealth.
*Government policy did help spur consumption, like Cash for Clunkers and the First Time Home Buyers Program, but this is pretty much done now.
*When looking at Hawaii’s recovery, we need to care about our exports (visitor services), investment, consumption and government.
*The visitor section is currently seeing occupancy rise, but room rates are still down.  However, Maui will benefit from increased lift.
*Maui single family residence home sales are up, but what really matters is new construction.  Tax credits help drive this, but the question is what happens after July – September.  Expect Maui home prices to stay in the $500k-$600k rance for a while.
*Jobs and income affect home sales and until unemployment turns around, do not expect a rebound in home prices.
*For Hawaii, we don’t have consumption data.  However looking at the retail tax bases gives us an idea of what consumers are doing.  We saw 15% growth in the fourth quarter of last year, so it is picking up a bit.
*Visit www.uhero.hawaii.edu for additional information.

 

SOUTH MAUI'S BEST CONDO BUYS

South Maui Condominium

Best Buy List

As of April 16, 2010

Price                Condominium             Loc      Vac      Comments

$   149,900      Southpointe 21-203 (New)       NK      N         2BR (Short Sale) Nice/Price

$   225,000      Kamoa Views 210                   SK       N         1BR Nice & Price!

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

$   249,900      Maui Vista 2217 (New)            SK       Y         1BR Loc, Nice & Price!

$   260,000      Kihei Kai 5                               NK      Y         1BR Oceanfront & Price!

$   264,957      Kauhale Makai 329                  NK      Y         1BR Oceanfront/Oceanviews

$   299,000      Boardwalk G (New)                 SK       N         2BR Loc, Nice, & Price!

$   309,000      Maui Banyan H114                  SK       Y         1BR Location & Price!

$   315,000      Leinaala 203                             NK      Y         1BR Oceanfront, Loc, Price!

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

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

$   339,000      Luana Kai A106                       NK      Y         1BR Oceanfront & Price!

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

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

$   390,000      Wailea Fair Villa U202(New)W           N         2BR Wailea at Great Price!

$   399,000      Menehune Shores 225  (New) NK      Y         2BR (Short Sale) Oceanfront!

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

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

$   495,000      Grand Champions 141 W        Y         1BR Beautiful & on GC!

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

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

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

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

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

$   750,000      Wailea Ekahi 16E                     W        Y         1BR Beautiful & Oceanviews

$   995,000      Hokulani Golf Villa 10  SK       N         2BR Nice Res Condo on GC!

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

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

$1,195,000      Sugar Beach PH 11E                NK      Y         2BR Beautiful Oceanfront!

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

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

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

$2,395,000      Polo Beach 701                        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

A Musical Journey with Hapa

Hapa returns to the Maui Arts & Cultural Center’s (MACC) Castle Theater stage on Saturday, April 17. 

The modern Hawaiian music of Hapa founder Barry Flanagan is a cultural melting pot mix of influences ranging from ancient Hawaiian chants to the ballads of Portuguese fisherman and Spanish cowboys. Adding to this stew inspired melodies and harmonies of traditional church choirs of the early missionaries and a healthy dose of American folk-rock arrangements, you get a pretty good description of Hapa’s musical flavor. 

Hapa’s benchmark initial release, which was nominated for six categories by the Hawaiian Academy of Recording Arts, swept the 1994 Nā Hōkū Hanohano Awards. 

Produced, composed and arranged by Barry, HAPA to this day remains in the top ten on the Hawaiian music charts. The record’s groundbreaking sales have established it as the No. 1 selling recording by a group or duo in the history of recorded Hawaiian music. 

Although Hapa’s lead singer changed from Keli‘i Kaneali‘i to Nathan Aweau approximately five years ago, the duo’s captivating sound has remained unchanged. Flanagan and Aweau are accompanied on stage by Hawaiian chanter and cultural specialist Charles Ka‘upu. 

One of the best examples of the power of these three artists is Hapa’s rendition of the U2 classic, Pride (In The Name of Love). It will give you chicken skin. 

In concert, Hapa will perform selections from their latest record, It’s A Slack Key World, which is not yet released to stores. 

Enjoy pre-show dining by Aloha Events Catering from 5 p.m. 

Tickets are $12, $28 and $37 for adults; $14 and $18.50 for keiki aged 12 years and younger. 

Call the MACC Box Office at (808) 242-SHOW or visit MauiArts.org 

Prepare Your Home for Sale

The majority of home buyers begin their search for a home on the Internet, and they want to see a lot of pictures before they 

spend the time to view a property, says home stager Judy Colburn in a blog post on EnergizedSeller. 

 

 

Here are the Top 4 Tips:

 

1. Make a good first impression. A home’s exterior should be welcoming and inviting. Clean the windows. Paint the trim. Add seasonal flowers. Clear up clutter and debris. 

 

2. Be ready to show. A for-sale home needs to be ready to be shown to buyers at all times. Don’t leave dishes in the sink. Dust the furniture and sweep the floors daily. Make the beds. Put the toilet seat down. 

 

3. Kitchens sell homes. Replace or update old cabinets and counters. Clear off tables and countertops. Everything should be clean, fresh and sparkling! 

 

4. De-personalize your home. Pack away collections, personal photos and unused items. Buyers should be able to focus on your house, not your belongings.