Wailea Ekolu 103

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Here’s your chance to own a two bedroom, vacation rentable condominium listed below $675,000 in Wailea with ocean views. Don’t let this opportunity pass your by. Call or email for more information.

Aloha,
Ken

Ken K.K. Wong REALTOR (S) 58204
Coldwell Banker Island Properties
808 283-2891
Ken@KenOnMaui.com

Have a Plan…and Some Fun Too!

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Some of my crazy thoughts, aka my blog

Why am I posting about a child rocking out to Guns and Roses on my Maui real estate page?  Because this post falls under my blog section where it is my own crazy thoughts.  In a round about way it will relate to real estate and life in general.  When you watch this kid rock out to one of the best rock bands of the 1980’s you might be amazed at how well he does.  Look at his drum kit.  It’s made up of plastic bottles, some old bottle caps and some sticks.  I’m sure it would cost no more that a few dollars here in the United States to put together a kit like that.  (A few dollars might be even too much.)  But he does an awesome job and the joy on his face is priceless.  I’m sure he spent quite some time thinking about how he was going to put together his drum kit.  What materials to use, where to get them, which ones will make the sounds that he wants, etc..  You can also tell that he believed he could put it together.  His transitions and fills are on point and that takes practice.  I wonder how many times did he start and stop Sweet Child O’Mine to make sure he got the beat down.  And as you can see, he achieved his goal.  Having so much fun, playing a song he loves.

As I said earlier, it kind of relates to real estate and life in general.  If you want something, you must believe it can be done.  But you also have to have a plan on how you want to obtain your goal.  Once you have those two things, I’m absolutely sure that your goal can be achieved.

I hope you enjoyed this little inspiration/flashback to 1987.

Aloha,

Ken

Credits to Facebook, Filipino Vines, Raven Guzman and Walter De Vera

Note: Volume starts high, you may want to lower your volume.

 

China’s Real Estate Bubble…

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I came across an interesting article from the Shanghai List earlier today.  One of the wealthiest men in China says there’s a real estate bubble and it just may burst.  I wonder when and if it does, how will it affect the world’s economy and eventually Maui’s real estate market.  Could the future hold uncertainty in the stock markets across the globe?  Maybe putting money into a Maui property isn’t such a bad idea.  If the market crashes, at least you can sip mai tais and pina coladas on a beach in paradise.  Click the picture above to read the article.

Aloha,

Ken

Ken K.K. Wong REALTOR (S) 58204
Coldwell Banker Island Properties
808 283-2891
Ken@KenOnMaui.com

 

Uncertain Times

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I came across an article the other day from one of the real estate industry websites that I browse through daily.  It was all about how the news of today affects buyers and sellers.  It explained how the world’s markets affect the United States and how it might influence the Federal Reserve.  It then changed directions and compared today to 1968.  As you can see from the graphic to the left, 1968’s events were similar to events happening today.

In terms of the real estate industry, I’m sure the uncertainty of 1968 affected buyers and sellers in the same ways as they do today.  The prime rate is defined as the lowest rate of interest at which money may be borrowed commercially.  In 1968 it ranged from 6.25% to 6.75%.  In 2016 it has fluctuated between 3.25% and 3.5%.  The Federal Reserve even announce that they would raise rates but they are still at record lows.

The housing market didn’t fall in 1968 because of world events and it will not fall in 2016.  So far $1.4 billion dollars worth of Maui County real estate has sold in 2016.  Last year a total of $1.8 billion dollars worth of Maui County real estate sold.  In short, as one of my favorite characters from South Park says: “move along there’s nothing to see here”.  Tell Chicken Little that the sky isn’t falling.

If you are looking for a “deal”, now is the time to buy.  Properties that did not sell in the past few months may now be more acceptable to lower offers.  If you are looking to sell, do it now, price it right and move along to the next chapter in life.  Should you have questions or need specific information about a property in South Maui, don’t forget to get in touch with me.  Thank you for taking a look at my rambling blog post.  Enjoy the rest of your week.

Aloha,

Ken

Ken K.K. Wong REALTOR (S) 58204
Coldwell Banker Island Properties
808 283-2891
Ken@KenOnMaui.com

South Maui Real Estate: September 14, 2016

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Smooth sailing for South Maui’s market so far.  While open houses were a little slow, there has been market activity.  Not bad since we had several storms in the past couple of days that indulged Maui with heavy rains, thunder and lightning.

135 Properties Currently Under Contract

6 Parcels ranging from $599,000 to $1,395,000

45 Homes ranging from $375,000 to $22,800,000

94 Condominiums ranging from $228,000 to $4,150,000

353 Condominiums Showing Active in the MLS in South Maui

Prices ranging from $168,500 to $10,500,000

120 are residential condominiums ranging from $168,500 to $6,500,000

233 are vacation rentable condominiums ranging from $199,0000 to $10,500,000

6 Potential Short Sales listed between $239,900 and $299,000

3 Bank Owned Properties listed between $249,900 and $722,800

112 Homes Showing Active in the MLS in South Maui

Prices ranging from $199,000 to $21,500,000

2 Potential Short Sales listed at $534,900 and $1,680,000

1 Bank Owned Property listed at $519,000

41 Parcels of Land Showing Active in the MLS in South Maui

Prices ranging from $369,500 to $17,000,000

September 7 to September 14

17 New Listings Came to Market

2 Listings Expired

12 Listings Changed their Pricing

21 Transactions Closed

 

South Maui Real Estate Sales: September 8th to September 16th

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23 Sales for the last week.  Not bad since we are officially moving away from summer to fall.  Highlight of the sales this past week was a unit located at Kai Ani Village that sold for full price.  If you are in the market as a buyer, now through the elections in November could be a great time to pick up some deals.  Properties that did not sell during summer may be considering their options when it comes to price.  As always click the turtle below to see this past weeks sales numbers.

Aloha,

Ken

Ken K.K. Wong REALTOR (S) 58204
Coldwell Banker Island Properties
808 283 2891
Ken@KenOnMaui.com

South Maui’s Real Estate: September 8, 2016

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How is this year flying by so fast? Before I know it, the holidays will be here and then 2017. When I was a kid, time stood still. Now it seems like when I blink a month goes by. That is the exact opposite of how South Maui’s real estate market did for the first week of September. A slow and steady real estate market is fine by me during slow season. Here’s what happened this past week:

149 Properties Currently Under Contract
7 Parcels ranging from $520,000 to $1,395,000
48 Homes ranging from $308,000 to $22,800,000
94 Condominiums ranging from $221,000 to $4,150,000

356 Condominiums Showing Active in the MLS in South Maui
Prices ranging from $168,500 to $25,000,000
115 are residential condominiums ranging from $168,500 to $6,500,000
241 are vacation rentable condominiums ranging from $199,0000 to $25,000,000
6 Potential Short Sales listed between $239,900 and $299,000
2 Bank Owned Properties listed at $249,900 and $315,000

111 Homes Showing Active in the MLS in South Maui
Prices ranging from $199,000 to $21,500,000
2 Potential Short Sales listed at $534,900 and $1,680,000
1 Bank Owned Property listed at $519,000

39 Parcels of Land Showing Active in the MLS in South Maui
Prices ranging from $369,500 to $11,000,000

September 1 to September 8
16 New Listings Came to Market
9 Listings Expired
8 Listings Changed their Pricing
13 Transactions Closed

South Maui’s Real Estate Sales August 30 to September 6

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One of the big boys officially closed this past week.  A beautiful, once in a lifetime,  just over three acre oasis in Makena’s back yard for an outstanding price of $13,000,000.  Yes, it sounds like alot of money now but I guaranty that when we look at this sale in the future, we’ll look upon this deal as one they wished they could have done.  If you click the turtle below it will bring you to a pdf of South Maui’s sales.  Thank you for taking the time to read my post.

Aloha,

Ken

Ken K.K. Wong REALTOR (S)  58204
Coldwell Banker Island Properties
808 283-2891
Ken@KenOnMaui.com

South Maui’s Real Estate Market: September 1, 2016

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Well, the last week of August is now complete.  South Maui’s real estate market didn’t do too bad considering kids went back to school and this time of year is considered to be slow season.

137 Properties Currently Under Contract

6 Parcels ranging from $450,000 to $1,200,000

44 Homes ranging from $308,000 to $22,800,000

86 Condominiums ranging from $221,000 to $4,150,000

367 Condominiums Showing Active in the MLS in South Maui

Prices ranging from $168,500 to $25,000,000

116 are residential condominiums ranging from $168,500 to $6,500,000

251 are vacation rentable condominiums ranging from $199,0000 to $25,000,000

5 Potential Short Sales listed between $239,900 and $299,000

2 Bank Owned Properties listed at $284,900 and $315,000

112 Homes Showing Active in the MLS in South Maui

Prices ranging from $519,000 to $21,500,000

3 Potential Short Sales listed between $534,900 and $1,680,000

1 Bank Owned Properties listed at $519,000

42 Parcels of Land Showing Active in the MLS in South Maui

Prices ranging from $369,500 to $11,000,000

August 25 to September 1

31 New Listings Came to Market

12 Listings Expired

12 Listings Changed their Pricing

21 Transactions Closed

South Maui’s Real Estate Sales August 22 to August 29

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Maui’s real estate market is starting to heat up.  If you click the turtle below, it will bring you to the sales for the past week in South Maui.  Not bad for the last week of August.  Coldwell Banker Island Properties is three transactions shy of 100 for the month.  The last time August was this busy was in 2013 and prior to that 2008.  Should you have questions or want additional information for a friend or relative that’s thinking about buying or selling, please don’t hesitate to get in touch with me.

Aloha,

Ken

Ken K.K. Wong REALTOR (S) 58204
Coldwell Banker Island Properties
808 283-2891
Ken@KenOnMaui.com