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More and more we are seeing people, our buying clients and others, talking about foreclosures and short sales as where they wish to focus. There seems to be a belief that foreclosures and their siblings short sales represent the best values. But it simply isn't necessarily true anywhere and it certainly isn't driving things on Maui. Here are some reasons why:
The National Association of Realtors released December data today. Here are some key snippets and what they mean for Maui real estate.
As more and more people become concerned about the environment, our impact on it and their carbon footprint, developers have responded nationwide with "live-work" architectures to facilitate less travel. This Wall Street Journal Article summarizes a few such developments. Of course here in South Maui, Kai Ani Village boasts twenty such opportunities. This development, at the corner of South Kihei Road and Lipoa Street in Central Kihei is currently under construction. The live-work units provide a commercial space of 500 square feet fronting a major traffic source along with a two-story, two bedroom living space of approximately 1300 square feet directly above it. The units offer two car garages and can accommodate a variety of business options. The Sales Center is open daily.
The Department of Business, Economic Development and Tourism has released the Maui tourism numbers for November. Here are the highlights.
Richard Brenner of Morgan Stanley has been one of the better economic prognosticators recently. Here is his take on 2009 and how it applies to Maui real estate.
2010 Maui Meadows Real Estate Report Now Available!
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