November 6th, 2007
In Indymac Bancorp's third quarter review, they included a graph showing projections for the national housing prices. Read this chart carefully, it measures the rate of change in prices, not absolute price changes. So it shows that the worst price declines are yet to come and prices won't begin to rebound until 2009. What does this mean for Maui prices? Not much except in the mindset buyers bring to the market.
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November 6th, 2007
We have been getting some swells over the last few days. Here's a photo of the southern end of Big Beach.
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November 3rd, 2007
We will be announcing two exciting new listings here in the next week or so. The first will be a brand new home in Makena, large, private and stunning. Approximately 5000 square feet of interior living space including a separate cottage on almost an acre of land across the street from Big Beach. Twenty foot-ceilings, top of the line materials, pool and spa, an exceptional gourmet kitchen and a view of Molikini. That will be listed in the $6.5-$7 million range. The second might be the finest home ever to sell in Maui Meadows. Astounding 180 degree ocean views, a very quiet street, 3200 square feet of Wailea-quality construction, an infinity pool and spa and again a wonderful cottage. Three years old and immaculate. That will be listed for between $3.2 and $3.5 million.
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November 3rd, 2007
In the traditionally slow October time period, there were no sales in Maui Meadows.