South Maui’s Real Estate Market: August 25, 2016

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South Maui’s real estate market is picking up.  It seems like just in the past couple of weeks, properties are starting to go under contract.  Many ocean front properties, luxury properties and the more affordable properties are now going through their due diligence stages.  Why?  Maybe it’s because there’s more certainty in the market.  We are narrowed down to two candidates for President, and the stock market has rebounded from its thirty percent drop.

143 Properties Currently Under Contract
6 Parcels ranging from $449,000 to $1,395,000
52 Homes ranging from $308,000 to $22,800,000
85 Condominiums ranging from $221,000 to $4,150,000

381 Condominiums Showing Active in the MLS in South Maui
Prices ranging from $168,500 to $25,000,000
119 are residential condominiums ranging from $168,500 to $6,500,000
262 are vacation rentable condominiums ranging from $199,0000 to $25,000,000
4 Potential Short Sales listed between $239,900 and $259,900
2 Bank Owned Properties listed at $284,900 and $315,000

108 Homes Showing Active in the MLS in South Maui
Prices ranging from $491,840 to $21,500,000
1 Potential Short Sales listed at $534,900
1 Bank Owned Properties listed at $491,840

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

August 18 to August 25
18 New Listings Came to Market
5 Listings Expired
14 Listings Changed their Pricing
28 Transactions Closed

A Great Kihei Home

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Randy Antonio of KW Island Living just listed this great home in Kihei. As you can see from the information sheet, it looks great and at that list price of $549,900 it will not be on market for very long.  As of today (July 19, 2016) there are only 11 homes listed in Kihei under $600,000.  In my opinion, this one is the best.  This North Kihei home has great curb appeal and shows pride of ownership. I would love to show it to you and represent you as a buyer’s agent. Call or email me now!

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

 

Clicking the picture will bring you to the listing via our MLS.

ALOHA

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Doom and gloom permeates the news these days. I know it’s always there but our access to news is now instantaneous and is available across many devices. Mass shootings, cop killings, kidnappings, rape, war all make me want to curl up in bed and not leave the house. That would be psychotic. Don’t let the world beat you down! How can we fix this problem?

One small step I’m going to incorporate more into my life is Aloha. It has always been there for me but I want to make more of a conscious effort to make prevalent in my life. Many people think that aloha means hello, goodbye or love. It does, but the word also has a physical aspect too. Close your eyes, center yourself and concentrate on your breathing. When you feel calm, say aloha but say it like this: ALOOOOOHA. Think about having respect for yourself, your family members, your colleagues and complete strangers. Many successful people say that if you think about it, believe it, you will achieve it. What is your it? My it is ALOHA.

This post has nothing to do with Maui real estate. It has everything to do with relationships which has everything to do with real estate. I can only hope I can improve myself every day. Click the picture below which will bring you to the article written by Leslie Turnbull that inspired me to write today’s post.

Aloha,
Ken

Things are picking up…

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Well, it looks like Maui’s real estate market is starting to pick up.  While the first part of the year started off slow and rightfully so, many of the visitors were from Canada and their dollar is depressed and it is an election year.  Many of the sales were in the first quarter were in the more affordable price ranges.  In the past week there’s been a few closings and several properties north of $1,000,000 to go under contract.  To view the properties that came to market, what went under contract and sold by clicking the picture above.  Should you have questions about the market or want to know more about a specific property, here’s my name and number.

Aloha,

Ken

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

South Maui Best Buy List Up To One Million

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There are many hats that a REALTOR  has to wear.  Some agents delegate out different aspects of the job to members of a team.  Some agents do it all themselves.  I fall into the latter half of that statement.  Every picture you see, every pdf you click on has my finger prints all over them.  This brings me to my condominium best buys.  I will add the one million and above price range later this week.  For now check out some of the condominiums I like.

Aloha,

Ken

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

Keonekai Villages 17-104 Just Sold

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Keonekai Villages 17-104 closed today for $355,000.  Not bad for a ground floor, two bedrooms/two baths unit.  This would be the third unit that I’ve listed and sold since November 2015.  Currently there are three units active and three units pending continue to show at Keonekai Villages.  If you are thinking about selling, this is a great time to put your unit on the market.  Keonekai Villages ground floor units are a hot commodity right now.  Prices are still attainable for many first time home buyers and the rental market is doing well at this complex too.  Let’s get together and discuss your options.

Aloha,

Ken

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

Realtor’s Association of Maui’s March 2016 Statistics

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March 2016 has come and gone.  New projects were brought to the public, HC&S announced that this would be the end of the sugar cane era and the legalization of marijuana is going to be voted on.  How did all of this affect Maui’s real estate market?  The following link will bring you to the statistics compiled by the Realtor’s Association of Maui: March 2016.  It contains information for homes, land and condominiums and is broken down by geographical locations in Maui county.  If you are looking for more specific information, just let me know.

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 January 1 to April 1 2016

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Makena Sunset-1
Makena State Park’s Second Entrance Sunset

Current Conditions Quarter 1 2016 Condominiums

Current Conditions Quarter 1 2016 Homes and Land

Clicking the above links will bring you to a short summary of South Maui’s real estate market for the first quarter of 2016.

It was a strange start to 2016 for South Maui’s real estate market.  Normally the “action” starts up just after the first week of January.  This is when all of the holiday visitors have to go back to the mainland and start their New Years resolutions.  The visitors who remain are the snow birds who have the freedom to spend a good amount of time enjoying Maui’s sun, sand and weather.  This is when true buyers are on island.  There may be a few factors that caused a delay in purchases this year.  Among them, the fact that this is a Presidential election year.   The stock market is going crazy due China becoming more of a world influence.  The price of oil has dropped to all time lows in recent history.  Which ties into the value of the Canadian dollar versus the American dollar (hovering around the high sixty cents to mid seventy cents mark).  I’ve met many Canadians who wished they would have bought a few years ago.  The Canadians who are doing business are the ones who did buy a few years ago and are selling now because they can make about 30% because the American dollar jumped up in value.  So, where are the buyers coming from?  Mainly the west coast but I have a client who is from New Jersey/Florida.  We should close on a small condo the first week of May.

Thank you for taking the time to read my post.  Just a reminder, while 2016 started off slow, there are some great buys out there in South Maui.  For those of you thinking about selling, price it right.

Aloha,

Ken

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

 

REALTORS ASSOCIATION OF MAUI STATISTICS

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Here are the monthly real estate statistics for the County of Maui for the month of October.  As you may or may not know, these statistics are provided to us once a month but and include the islands of Lanai and Molokai.  For more detailed information on a specific neighborhood or condominium complex, please send me an email.

If you are currently in the market and on the fence, don’t wait too much longer.  Inventory is shrinking.  Just today, 13 properties went under contract ranging in price from $250,000 to $1,075,000.  South Maui seems to be a little busier.  The Kamaole beaches are full and the sun is shining.  People are moving about.  Maybe high season is a little early this year.  Thank you for taking a look at this post.  I will be posting my best buys later this week.

To view Maui’s real estate October statistics click the following link: October 2015

Aloha,

Ken

 

National Association of REALTORS Outlook for 2016

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First off, I want to remind you that each market is different.  What may be happening at a national level may be different in your neighborhood.  In case you don’t know there is a national conference going on in San Diego this week for us REALTORS.  One of the most anticipated topics at the conference is “what does the future hold?”.  Since my knowledge of the future is limited, I thought I would share with you the opinions of Lawrence Yun.  Mr. Yun is the chief economist for the National Association of REALTORS.  Other insights come from Cris deRitis and Jonathan Corr.  To view the article click the following link: Insights into 2016.