MAUI MEADOWS FIRST QUARTER RESULTS

April 2nd, 2008

In the first quarter of 2008, four homes sold in Maui Meadows. The median sale price of $1.149 million was 8% below full year 2007 results. The per square foot average, the better measure in our opinion, of $572 was 10% higher that 2007. However, three of the homes which sold were 2000 square feet or smaller and those homes typically receive higher per square foot values in Maui Meadows. At the moment, tow other homes are in escrow in Maui Meadows and over 30 homes are for sale. For details, contact us.