In this market, buyers for Maui real estate generally, and Wailea real estate in particular come in several categories; the current Maui owner looking to upgrade, the committed buyer seeking the dream property and the opportunistic buyer who is only in the market for a "deal." The current Maui real estate owner usually has the best understanding of this market and understands that with regard to Wailea real estate in particular property must really be "bought." What we mean by that is that the ordinary Wailea seller is under no financial stress to sell. They'd obviously like to, but they are not under pressure. The committed buyer is usually buying for emotional reasons, like us, Maui's beauty, climate and spirit has captivated them. They generally will pay what it takes to purchase their dream. They will negotiate hard, but nonetheless will purchase what they love. The last group, the opportunistic buyer, is very difficult. They want to buy Wailea real estate and are surprised that the mainland downturn has had so little effect here.

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While the Maui real estate market, particularly the Maui oceanfront market and the Wailea real estate market,  have largely escaped the mortgage crunch hitting the mainland, the ongoing banking crisis has nonetheless dominated the financial news. What may be less clear is just how successfully those institutions are replenishing their coffers. Many major institutions have shown the ability to raise capital quickly, if not cheaply. Already over 130 billion has been raised. The latest? WaMu who will shortly be raising $5 billion from Texas Pacific Group and other investors.

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April 15 is just around the corner and for those owners of Maui real estate  still getting our tax affairs in order here are some tax tips from the IRS:

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Maluaka is a new, under construction, condominium development located just south of the Maui Prince Hotel. It will consist of 69 condominiums and an amazing 30,000+ square foot clubhouse. This development will set a new standard for Maui real estate due to its luxury, ecologically sensitive development and unmatched amenities. The location is a private eleven acre parcel with captivating Pacific views running from Pu'u Olai to West Maui. Units are all extremely large and well appointed with garages, elevators and enormous lanais. Wailea real estate enthusiasts have been seeking the next generation in comfort, prestige, privacy, convenience and beauty. Maluaka will provide it all. Maui real estate has moved to a new standard with Maluaka. Prices begin at $4 million.
 
For details, contact us!
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It has been a long time coming but the planning department has finally delivered the new Maui Island Plan regarding future Maui real estate development. Here are some key features:

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We try not to use this space for just advertising our listings but to be more educational in nature, however we'd like to review our current listings. Each link takes you to a dedicated website for that property:

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A very good article in tomorrow's New York Times regarding one's first vacation home. It has some interesting implications for Maui real estate. Here are the key points and how we believe they apply to Maui.:

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In a recent post, Zillow.com data master Stan Humpheries argues that the median sale price is NOT an accurate reflection of housing prices. Here is Humpheries' argument:

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In December, the US and China completed a bilateral agreement that allows Chinese Nationals to come to the US expressly for leisure travel.

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While some of the mainland real estate markets have taken a beating and seen foreclosures etc, Wailea has largely been immune. In fact much of Maui real estate has been immune. However a home is now in foreclosure in   a GREAT neighborhood in Wailea. 197 Halau in Wailea Golf Estates has proceedings scheduled for May 5. The home is a lovely, remodeled three bedroom home of 3600 square feet with a nice ocean view. This one will not last.

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