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So in the last several days there have been the following major developments:

• The Treasury crafted a plan in which it would buy $700 billion worth of mortgage backed securities from financial institutions;
• The SEC has placed a temporary ban on short-selling 800 financial institutions;
• The Fed has approved Morgan Stanley and Goldman Sachs becoming bank holding companies; and
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So what do the events of the past week mean for Maui real estate? First, let’s recap the major events:

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Another dramatic day on Wall Street.

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We are pleased to announce the sale of Royal Mauian unit 115. This two bedroom unit sold for $1.035 million. Yet another example of how well the Leading Edge Marketing System works in difficult markets.

In two astonishing pieces of news, giant insurer AIG will receive an $85 billion loan from the fed in return for an 80% interest…

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In a remarkable weekend on Wall Street, Lehman Brothers has declared bankruptcy and Marrill Lynch has been sold to Bank of America. In other stories, New York Sate will permit troubled insurer AIG to transfer funds from its operating subsidiaries to the holding company and ten firms have set up a $70 billion financing facility. So what does this all mean? In our view, in the short-term, it means the following:

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According to Ziprealty:

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We are pleased to announce two new listings. Kai Malu is Wailea's newest residential condominium community. With 150 units in seventy-five duplexes, this gated community is surrounded on three sides by the Wailea Blue Golf Course. Kai Malu's common area is considered one of the finest in Wailea. A 75 foot long, infinity-edged pool, spa, entertainment area and exercise room all boast incredible views of the Pacific ocean. Unit 24-B features a downstairs master suite, three-bedrooms, 2.5 baths, granite counters, stainless steel appliances, hardwood floors, tiled bathrooms and a two-car garage. The large stone lanai boasts a beautiful ocean view. This unit is listed for $1,339,888. Unit 38-B is also 3/2.5, but with the master upstairs. This unit is located on a peaceful greenbelt for a parklike feel. This unit is listed for $1,239,888. At between $680 and $750 per square foot, both of these units represent real values.
 
For private showings, contact us. Here are details on 24-B and 38-B.

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