A shot from Haleakala (from the Maui Times).

Consulting Firm Housing Predictor has released its Top Ten Buyers Markets for 2008. Maui is ranked third with a prediction for a 5.6% increase in values. Honolulu ranked first and Salem,  Oregon second.

Yup, Maui has everything! Last night it snowed on Haleakala!

We are pleased to announce that Wailea Beach Villas Penthouse 307 has been placed under contract. This brand new and unused condominium boasts 1978 square feet of living space, two bedrooms, travertine floors, granite countertops and unobstructed views of the Pacific and Molikini. It is listed for $3.195 million.

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We are pleased to announce the listing of Wailea Fairway Villas X-103. This spectacular townhouse, three-bedroom unit boasts excellent ocean views, a completely remodeled and upgraded kitchen and 1790 square feet of pristine living space. Spend sunset on one of two lanais looking at Molikini, cook a wonderful dinner in the amazing chef's kitchen or relax by the beautiful community pool. This gem is offered at $1.325 million.

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The residential market in Wailea and Makena remained active in 2007 with the same number of property sales, 41, as in 2006 (see chart 1 below). Non-oceanfront homes saw median sale price fall to $1.9 million or 5%. Average per square foot value fell 7% to $733 9see chart 2 below). Vacant land pricing (the least reliable measures of the three in our minds) increased 9% on a per square foot basis to $88 (see chart 3 below).

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Undoubtedly concluding that the national economy is in, or near, a recession the Federal Reserve has cut the overnight lending rate to 3.5%, a 75 basis point reduction:

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In the last week, Maui's Humpback whales have been very active and highly entertaining. We live in a remarkable place.
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We are pleased to announce another Maui real estate listing. Wailea Fairway Villas X-103 is a remarkable, three-bedroom, 1790 square foot townhouse-style condominium with exceptional ocean views from West Maui to Molikini. The kitchen has been heavily upgraded including cherry cabinets, granite counters and backsplashes and Sub-zero, Bosch and Fisher Paykel appliances. Throughout the unit upgraded lighting, dual level air conditioning and laminate flooring makes this a luxurious second home at the quiet end of the complex. Wailea Fairway Villas is remodeling their community pool and opens onto the Wailea Blue Golf Course providing a huge band of green in contrast to the sapphire blue of the Pacific. What a spot! This Wailea Fairways Villas jewel is offered for $1.325 million.

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According to Federal Reserve Chairman Ben Bernanke: 

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