x
Front Page

Powered by Unisys
x

HURRICANE TRACKER       
x

September 12, 2016 02:15pm
Orlene Still Too Far Out to Forecast Impacts to Hawaiʻi Weather
EXPAND RADAR
  • Latest News
  • Sections
  • Videos
  Maui News & Information Hub
Realtor
Cove Beach Village Victory Realty, LLC Project Broker
Victory Realty, LLC is the Development Broker of Cove Beach Village.

Cove Beach Village is a South Maui three story development with 32 spacious 2 bedroom condominium homes in five building structures that surround a central courtyard with a resort style pool and spa. The upper floors are accessed by elevator or stairs. Some units enjoy views of the Pacific while others have mountain views of Haleakala. Sixty-Seven parking spaces are available for the resident's use.

Energy efficiency and environmental concern will be a primary focus throughout the community.


Photovoltaic paneled carports

Solar pool heating

High efficiency air conditioning

High efficiency water heating

On site storm water retention system.

R-1 recycled water compatible landscape design

Construction BMP including National Pollutant Elimination System compliance, Storm Water Prevention Program and Archaeological Monitoring
More on Cove Beach Village
Realtor
Courtney Brown Island Sotheby's International Realty R(S)
Real Estate Professional in West Maui | Serving Lahaina to Kapalua

"Realtor (S) of the Year, 2014"
- Realtor's Association of Maui.

Born and raised on Maui, Courtney Brown is a graduate of Smith College in Massachusetts. She returned to her island home and began her real estate career in 1997, specializing in the West Maui resort areas of Kapalua, Napili, Kaanapali, Lahaina and Launiupoko. Since then, she has represented buyers and sellers of some of the finest resort, golf course, oceanfront and ocean-view properties across the island of Maui. In the past decade, Courtney has personally sold well over $250 million of real estate, often working with international and mainland US buyers who are dreaming of a second home on Maui. "The relationships I have formed with my clients over the years are some of the most rewarding and important in my life. I enjoy this profession immensely - it allows me to use my knowledge of the island and the nuances of living in various areas and communities to fulfill my clients' wishes."
More on Courtney Brown
Realtor
Locations Maui Locations Maui R(B)
Locations has been helping people buy and sell real estate for over 45 years. On Maui for 25 years, we have a fabulous team of agents who live all over the island. So no matter where you are thinking about buying or selling, we have a local expert.

Our agents are responsible and knowledgeable, providing our clients with the tools to keep them informed of what is happening in the market. Locations is a great resource when considering investment property, and able to counsel foreign buyers on U.S. purchases. Locations Maui also has a Property management division to assist you with your long term rentals.
More on Locations Maui
Realtor
Lee and Barbara Potts Aloha Group Maui KW Island Living
Agents of Aloha Fulfilling Your Maui Dreams


Whether you are buying or selling, you deserve an experienced savvy negotiator on your side. We have successfully negotiated and closed hundreds of transactions, representing both buyers and sellers. Our clients say we are patient, good listeners who know how to get the deal done and achieve their goals. We understand what's at stake for you and the importance of your transaction.

Aloha Group Maui with KW Island Living (formerly Aloha Realty Group) has won the prestigious "Best Real Estate Company in Lahaina" award for 8 years running. The familiar faces you know are now aligned with 139,000 Keller Williams agents worldwide, providing access to more services and global marketing clout. Our diverse group of licensed and highly trained agents serve West Maui, South Maui, Central Maui and Upcountry clients. Aloha Group Maui agents have one thing in common - ALOHA!

Our commitment to excellence, integrity and the community has been rewarding to our clients, and the company has grown. Having survived and thrived through the great recession, Aloha Group Maui grew an average of 33% per year since 2009 in large part because we always put the interest of clients like you first. We are proud to have served clients from Hana to Kapalua and Wailea to Wailuku. We have been honored to help first time homeowners, luxury buyers and sellers, and domestic and international investors of all types make their Maui real estate dreams come true.

You want to know that your real estate is being handled in the most professional way possible. Aloha Group Maui takes excellence and knowledge seriously. That’s why 6 of us have Broker’s Licenses. We have 3 MBA's (Masters Degree in Business Administration), an appraiser, an attorney, and a former CPA. Several of our Realtors hold advanced certifications in representing buyers, ABR – Accredited Buyer's Represented; seller's - Seller Resource Specialist; RSPS - Resort and Second Home Specialist, and many other advanced certifications.

Aloha Group Maui holds strong values and a cooperative culture with a commitment to the community.

Our values are:
- Pono, integrity, do what's right
- Communication, cooperation, collaboration
- Competence and confidence through education
- Community aloha
- Health and fun.

The Maui Community has been very good to us, and one of our core values is giving back to the community. Our agents are founders, board members, volunteers and/or donors for the following organizations:

- Grow Some Good
- Lahaina Complex After School Tutoring Project
- People for Educational Equality
- Wishing Well for Maui Schools
- Habitat for Humanity
- Maui Food Bank
- Women Helping Women.

Aloha Group Maui began as Aloha Realty Group , which was founded by its co-owners and brokers, Barbara & Lee Potts in 2006. Both Barb & Lee have their MBA's and have been business owners and managers in both small companies and large corporations in CA before they moved to Maui in 2005. As a couple they hold multiple certifications and designations, including ABR, SRS, E-Pro, GRI, RSPS, CDPE, CNE, CIAS; Barb is a former CPA with Arthur Young & Co (now Ernst & Young) in the San Jose, CA office.

You can see more about our track record, values, culture and commitment to the community at our website - www.alohagroupmaui.com. You can also search the MLS on our website and find tips about buying and selling real estate in Maui and the latest Maui market analysis.


More on Lee and Barbara Potts
View Full Directory
AD
ADVERTISEMENT

RAM: Condo and Land Sales Increase in February 2016

Posted March 8, 2016, 04:46 PM HST
1 Comment
×

RAM sales unit volume by month. RAM graphic.

RAM sales unit volume by month. RAM graphic.

During February 2016, the Realtors Association of Maui reports that condo unit and land lot sales numbers rose significantly.

In February, condominium sales increased to 102 units sold, land sales increased to 20 lots sold and residential sales declined to 69 homes sold.

The residential median price decreased to $595,000, land median price decreased to $521,500, and the condo median price increased to $444,450.

Well-priced properties are attracting multiple offers, making for quick sales.

While general US economic news looks cautiously hopeful, current world and US events will have ripple effects on cost of living, consumer confidence, financial and real estate markets.

Canadian investors have been big participants in Maui’s real estate market in years past; however, the current Canadian dollar exchange rate (one Canadian dollar equals .75 US dollars) may motivate Canadian investors to sell rather than buy.

RAM says “cash is king” when making an offer. Savvy investors are buying with cash, giving them a strong negotiating position, no financing/appraisal hassles and a quick closing. For several months approximately 37% of all sales were cash.

REO (foreclosures) and short sales are dwindling, with any “hidden inventory” (or overhang) backlog slowly trickling onto the market.

Mortgage interest rates are inching up slightly which may help motivate would-be buyers to proceed—if they can qualify.

Rising sales prices are causing some owners to their homes on the market.

TIPS FOR POTENTIAL SELLERS

  • Tals to your CPA and your Realtor to explore the hidden benefits or consequences of putting your property on the market. Make no assumptions that will sting later.
  • To be successful, sellers need to beat competing properties with better property condition, realistic pricing, good marketing and flexible, creative terms.
  • Days-on-market figures show that properties priced right will sell in a reasonable timeframe, often with multiple offers. Pricing right is still the determining factor.
  • The best deals are selling, while significantly over-priced listings remain un-sold.
  • Pro-active sellers are getting their properties appraised, inspected and surveyed in advance to encourage realistic offers from knowledgeable buyers. This can prevent unanticipated escrow fallout and can help prevent buyers from negotiating on the sale price during the transaction, when previously unknown facts come to light.

TIPS FOR POTENTIAL BUYERS

  • Low interest rates prevail, but have started to nudge up.
  • Buyers should get pre-approved so they can shop in confidence (fewer last minute disappointments due to non-funding loans).
  • Short sales and foreclosures are still in the marketplace, yet they can be less of a bargain than they seem, presenting more hurdles to leap and requiring more time to close (often four to 12 months), if at all.
  • Lenders’ requirements for loan approval are more stringent now, compared to 2004-08.
  • Many first-time home-buyer programs are available in which attendees can familiarize themselves with the process and get qualified/approved.
  • The low point in the market has passed, so check it out carefully now without delay. The opportunity is fading quickly.
  • If you can’t buy now, start saving your down payment for the next market cycle.

Disclaimer: Zooming in on the figures of a specific geographic area or property type may lead to different conclusions that looking at the overall view. Maui’s market place is much smaller than O‘ahu’s and a few high or low sales have a greater effect on the statistical numbers without necessarily indicating a big market swing one way or another.

Overview of the full RAM report for February 2016

Days on Market Residential homes = 156, condos = 98, land = 192.
(General DOM note: this is the average DOM for the properties that sold. If predominantly old inventory sells, it will move this indicator upward, and vice versa. RAM’s days-on-market statistics are calculated from list date to closing date (not contract date), including approximately 60 days of escrow time.) Page 6  

ADVERTISEMENT

February’s Year-to-Date Sales Numbers compare only January and February 2016 to January February 2015. Shorter timeframe (monthly) views do not necessarily reflect the longer timeframe trends. Pages 10–14

Residential unit sales increased (142 homes sold / +7 units / +5% change YTD), average sold price = $828,747 (+8% change YTD), median price = $609,000 (+7% change YTD) and total dollar volume sold = $117,682,111 (+13%YTD).

YTD condo unit sales increased (185 units sold / +7 units change/ +4% change YTD), average sold price = $590,630 (-6% change YTD), median price = $405,000 (-8%YTD). Total condo dollar volume sold = $109,266,496 (-3% change YTD).

YTD land sales quantity exactly matches January-February 2015’s YTD (25 lots / 0 units change / 0% YTD change), average sold price = $619,934 (-12%), median price = $515,000 (-6%), Total dollar volume = $15,498,361 (-12% YTD).

Note that land lot sales are such a small sampling that statistics in this property class are not necessarily reliable indicators. Big percentage changes may be misleading or misunderstood so be careful.

For a more comprehensive view, see 2015’s year-end (Dec. 2015) figures.

TOTAL SALES FOR PAST 12 MONTHS

Residential = 1,032 (with 11.6% being REO or SS)
Condo = 1,206 (5.9% REO or SS)
Land = 154 (3.2% REO or SS).
NOTE: 35.7% of these sales in the last 12 months have been cash transactions.

Current Absorption Rate base on this month’s active/pending-continue to show/contingent status
inventory divided by February sales: residential = 11 months, condo = 10.8 months, land = 18.7 months of inventory. ram inventory feb 2016

 

 

 

 

ADVERTISEMENT

Recommend this Article

Weekly Newsletter

+ SHOW ARTICLE COMMENTS ( 1 ) +

AD
AD
AD
AD
AD
AD
^