Maui Real Estate Blog - Kapalua, Kula, Wailea News and More.

 

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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

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With its tropical setting, picture-perfect weather, top-rated beaches, and world-class amenities, Wailea is a much sough after destination. And for those considering a purchase of a Wailea property, it becomes incumbent on potential buyers to be well acquainted with real estate trends and available inventory. The Wailea Single Family Residence (SFR) market has been somewhat stagnant in the past three years, arguably due to the downwards pressure on values by REO's (bank-owned/foreclosures) and Short Sales - although not a great amount (7 REO's and 5 Short Sales), still significant enough to have an impact on values in Wailea. And as the market continues its shift from a clear buyer's market to a more balanced market, let us take a look at relevant data. 

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The confirmation hearing for the Residences on Kapalua Bay (formerly the Ritz-Carlton Residences, Kapalua Bay) took place this morning at the first circuit court. The judge first heard a motion to intervene on behalf of an original reservation holder in the developer sales. Three parties bid, with a starting bid of $60 million, bid up to $100 million in 22 increments.

We are hopeful that with this confirmation that matters will be resolved and sales will recommence. For more information regarding this Kapalua property, please contact Courtney Brown.

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As 2012 winds down to a close, it becomes an opportune time to compare 2012 to the previous year in order to determine market trends, particularly in micro-niches. With that, let us examine the state of the market in Wailea Beach Villas and draw reasonable conclusions thereof. First, let's take a look at inventory and how it is being absorbed by measuring new listings coming on the market and the number sales transpiring within the allotted time period.

The most glaring fact is that 2011 absorbed WBV units at a much faster pace, with 15 new listings coming on the market in 2011, resulting in 6 sales. Compared to 16 new listings in 2012, which only led to 3 sales. But beyond inventory absorption, let's look at values - which arguably can best me

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A favorite among local divers and snorkelers, Chang's Beach sets the perfect playground for those looking to explore the area, have a fun day in the sun, or simply partake in the beauty that Makena has to offer. Fronted by Makena Surf and other luxury Makena properties, beachgoers will enjoy an uncrowded beach rich in sealife (turtles can be seen on the beach from time to time) that stands in a class of itself. 

When the surf is high, bodyboarders flock to Chang's Beach as conditions are ideal - yet during calm conditions, it offers some of the best snorkeling settings anywhere on Maui. The small cove on the south end of the beach features an off-shore reef where snorkelers and divers will observe plentiful of sea life and one of the most stunning

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