MAUI MEADOWS FEBRUARY RESULTS

March 4th, 2007

Thus far in 2007, exactly ONE Maui Meadows home has gone into escrow. That compares to five in the same period last year. There is simply no way to put a positive spin on those facts. This neighborhood, one of our favorites, is simply not getting much attention. Why? A couple of possible reasons. First, are prices simply too high? Sellers really don't seem to think so and are not moving them much. Second, is the privacy offered by half-acre lots no longer worth the burden of caring for them? We have an aging population and this may be playing a role. Third, are new "home-like" condominium projects in Wailea, with the usual neat and clean Wailea look bringing a negative contrast to Maui Meadows' more bucolic atmosphere?

 

We have far too little information to make a definitive assessment, but saying the market in Maui Meadows is "quiet" is being too kind.

 

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