We will be announcing two new listings this week. One will be a lot with a cottage in Maui Meadows. The lot is flat and easily buildable and comes with County approved building plans. The second is an extraordinary new estate located across the street from Big Beach. 4200 square feet and four bedrooms of top-of-the-line materials, twenty foot ceilings, media room, gourmet kitchen, infinity pool and spa and a view of Molikini. There is a beautiful detached cottage and both an attached and a detached garage parking. Private serene and unique. Details will be available later in the week.

Pending home sales rose in October!

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Well, we have survived. Over the past several days Maui has seen winds gusting as high as 90 mph and inches and inches of rain. Debris is across the roads and some local flooding has been a problem. Electricity/cable/internet has been out but is now largely back on. The cleanup is already underway. The island is very, very green at the moment. Informational blogging will resume this weekend!

Last week Tom and Sean held a Brokers' Open at the magnificent Ikena Kai located at 3387 Kuaua in Maui Meadows. Co-sponsored by Premier Mortgage and Fidelity National, we introduced 40 agents from five different companies to this never before listed property. From Soup to Nuts catered the event and magazine quality brochures and mortgage options were provided. Wonderful views, a magnificent home and a glorious sunset. There is simply no better way to convince agents that a given property is worth directing their clients. Since this event we have had several showings with several more scheduled in the next few days. This is only part of the Leading Edge Marketing Plan. For more information, contact us!
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In November a single Wailea home sold. 135 Waaula in Wailea Kai is a 1500 square foot home in need of TLC. At the sale price of $901,000 that is under $600 per square foot. The home has no ocean view. A small cottage on a tiny oceanfront lot in Makena listed for $2.1 million has gone into escrow. We have seen the usual seasonal increase in inventory in the neighborhood and now just over 50 homes are for sale in the area. For more information, contact us!

In the month of November only six condominiums sold with a median sale price of $1.025 million. That is a 9% decrease from the nine month median of $1.153 million. The per square foot average of $806 was down considerably from the nine-month average. Sellers received only 87% of their asking price on average. This data is colored by only one oceanfront condominiums selling in November.  The five mountainside sales obtained and average per square foot value of only $734. That is a significantly weaker number than 2006 and the nine-months 2007. Currently over 150 condominiums remain for sale in the market.

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