It is with great pleasure that Island Sotheby's International Realty announces the award of Realtor Salesperson of the Year to Courtney Brown. During its 46th Annual Installation Luncheon at the King Kamehameha Golf Club, the Realtors Association of Maui presented Courtney with the prestigious award. Known for her involvement in the Maui real estate community, her civic and community activities, her real estate accomplishments, and her Realtor Spirit, Courtney embodies all the attributes of a top-level professional at the peak of her industry.
With nearly two decades of real estate experience, Courtney's emphasis on the Kapalua real estate market has resulted in her well-earned success as one of Hawaii's Top 100 Realtors. For those who know
The beginning of the year is typically a very active time of the year for the Maui real estate market, as high season unfolds and untold numbers of visitors fall in love with Maui's unique value proposition. As sales from high season begin to record, it can be reflective of a long-term, sustainable pattern; and in 2014, it seems to be clear that the luxury niche is of to an outstanding start.
Through the first two months of 2013, there were a 13 sales of single-family residences with a sales price over $1M. The same period of this year saw an increase to 30 sales, with sales volume within this niche jumping from $33.34M to $89.76M. And the top tier of the luxury market certainly seems to be well, with 4 sales over $5M closing in the first two
As 2013 came to a close, it proved to be another marked step in the Maui real estate recovery's cycle. And as metrics across every micro-market reflected a positive trend, it is worth noting that affluent buyers are coming back to the Valley Isle with increased confidence. In 2012, there were 7 sales of Single-Family Residences above $5M, which increased by 57% in 2013 to the 11 sales.
With continued interest on Maui by well-heeled buyers, let us look at the Top 5 sales for residential-use properties on Maui - to include both Single-Family Residences and Condominiums.
1 - 3116 South Kihei Road
Sales Price: $11.9M
Located on one of the most famed beaches in the world, Keawakapu Beach, 3116 S. Kihei Road is one of the most sought-after
When examining the state of Kapalua real estate in 2013 as it compares to 2012, it's noteworthy that there were fewer sales, at higher average prices and a significantly higher sales volume.
In reviewing the last decade, the number of sales peaked in 2004, while the peak of the market in terms of average sales prices and volume was in 2006/2007. The question everyone has asked since the peak, is when is the bottom. In reviewing the data it appears that for Kapalua real estate, it was in 2012.
By most reasonable metrics, 2013 proved to be a significant step forward in the Maui real estate market, by which continued demand coupled with decreasing inventory resulted in upwards pressure on values. As leading experts in the Wailea real estate market, the team at Island Sotheby's International Realty have a firm grasp of current Wailea market conditions, projected trends as paralleled by relevant macro-economic outlook, and comparative micro-market proclivity within the overall South Maui market.
As such, let us examine the infograph below to glimpse at the progress:
There are a number of items worthy of further discussion. For example, the median sales price for Wailea Single-Family Residences rose substantially over the previous year,
Island Sotheby's International Realty is proud to announce the sale of 455 Laulea Place in Spreckelsville. Cathryn Paxton-Haines and Debra Merle demonstrated their expertise in high-end sector of Maui real estate by successfully marketing, negotiating, and recording the sale of this phenomenal estate. Featured on a Wall Street Journal for its unique architecture, the luxury 3 bedroom / 3.5 bathroom estate sold on January 17th for $7.95M, marking the second-highest sales ever for a North Shore residence. For those interested in the Spreckelsville, Paia, and Haiku real estate market, stop by our Makawao office and consult with one of experts or call 808-572-8600 for a private consultation..
For an unprecedented 20th time, the readers of Conde Nast Traveler magazine have honored Maui with the the title of "Best Island in the World". With its impressive score of 93.9 , Maui is also the top rated destination as it easily overshadowed the 'Best City' score procured by San Miguel de Allende of 84.6.
Any one who has visited Maui understands why it has been such a long-running favorite for the CNT voters, as well as the many other recognitions through the years. And with many different climates and micro-markets - from historic, oceanfront Lahaina, to master-planned resort living in Wailea, to chic Paia lifestyles, to the paniolo-rooted Upcountry culture - Maui has something to offer all visitors and residents. Visitors can partake in all
Learn more about the Kapalua real estate market, ascertain long-term and short-term micro market trends, view current real estate listings, and contact the publisher, Courtney Brown, for more information.