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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Two Maui Meadows listings went into escrow in November. 599 Mililani is a 1600 square foot home with nice views and was listed for $1.195 million. That offer has a contingency attached. The other was 3283 Wailea, a 2400 square foot home listed for $995,000. That home had been previously listed for $1.35 million.  Those implied per square foot prices would be lower than other recent Maui Meadows sales levels. Currently over 25 Maui Meadows properties are listed for sale. For more information, contact us!

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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