Real Estate News

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A national report released by data analyst CoreLogic showed Hawai’i had the fourth greatest home equity gain of all states in the nation — an average increase of nearly $30,000.

Over the last year, home values appreciated because the economy continues to strengthen — which means many homeowners, especially those in Hawai’i, are raking in equity. Across the country, California led the way with an average gain of $49,000, followed by Washington with $41,000 and Nevada with $32,000.

Generally, western states saw the highest gains, while the average homeowner nationwide gained $16,200 in home equity. The report examined year-over-year equity gain per borrower from the second quarter of 2017 to same period in 2018.

“When aggregated across all

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Maui single-family home prices have soared almost 16 percent over the last year, mirroring a market where demand is high but inventory is limited.

The Realtors Association of Maui recently released data showing that median home prices surged to $774,000 in October — an increase of more than $105,000 from that same time the year before. The number of homes sold, however, dropped 21 percent, reflecting the tight inventory on island.

“Prices are still rising in most areas,” the report said. “And the number of homes for sale is still low.”

According to the report, inventory was down almost 14 percent for single-family homes and almost 25 percent for condominiums. Prices for condominiums, however, didn’t quite keep up with the uptick in

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Island Sotheby’s International Realty is proud to present one of the rarest offerings ever to come to market: a breathtaking getaway on one of South Maui’s most exclusive white-sand beaches.

With four bedrooms, five and a half bathrooms and 5,065-square-feet of living space, this newly-constructed, fully-furnished home offered for $29.98 million is one of the finest in Makena, an area known for being home to some of the most extraordinary properties in Hawaii. Constructed out of the highest quality materials from across the world, this home was created with the utmost attention to detail, with interior living spaces that seamlessly blend into expansive covered lanais.

“The master level of craftsmanship and thoughtful design throughout the

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Island Sotheby's International Realty is proud to announce that Marty Guerriero R(S) has joined the firm's prestigious real estate team.

Marty Guerriero is a longtime Maui resident specializing in South Maui real estate, who is consistently described by clients as hard-working, knowledgeable and patient. At a young age, he became intrigued with design and architecture, which led him to pursue a degree in Architectural Interior Design from San Jose State University. This experience in interior design has proven beneficial to many clients, as he has a knack for spotting opportunities to enhance a property’s value or give you an edge at the negotiation table.

Guerriero prides himself on working hard to get you the best deal possible. We sat down

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Island Sotheby’s International Realty has facilitated another multi-million sale — this time, a prestigious condominium in the heart of Kapalua Bay.

Island Sotheby’s International Realty agent Courtney Brown, R(S) represented the buyer of a 2,789-square-foot condominium at the Montage Residences at Kapalua Bay — one of West Maui’s finest resort communities. The three-bedroom, three-and-a-half bath condominium was sold for $4.9 million, bringing the total to over $20 million in sales that Brown has facilitated so far this year.

Undoubtedly one of Kapalua’s finest resort communities, the Montage Residences at Kapalua Bay offers spacious floor plans that overlook Maui’s stunning northwest shore — and more specifically, the famed crescent-shaped

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Three Island Sotheby’s International Realty agents have been ranked among the top producing in the state, according to REAL Trends, a national firm that publishes rankings from across the country.

REAL Trends recently released data exhibiting the highest producing firms and agents throughout the nation. The list shows that Island Sotheby’s International Realty agents were among the top agents in Hawai’i, selling millions of dollars in real estate.

Courtney Brown, R(S), who specializes in the resort areas of West Maui, ranked in at No. 10 with $42,159,588 in sales. From luxury resorts to oceanfront condominiums, Brown has represented the buyers and sellers of some of Maui’s finest properties over the last decade.

Meanwhile, Wendy Peterson,

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A luxurious Makena estate has sold for $8.175 million, marking one of the highest sales in the Wailea-Makena region this year.  

Island Sotheby’s International Realty agents Alex Cortez, R(B) and Ryan MacLaughlin, R(B) represented the buyer and Ryan MacLaughlin, R(B) and Lee Gardner, R(S) represented the seller of the 7,000 sq. ft. estate, which boasts five bedrooms, four bathrooms and two half-bathrooms. Located within the gated enclave of One Palauea, this one-acre estate is the epitome of elegant island living.

“This property was thoughtfully designed for a seamless fusion of indoor and outdoor living, amidst one of the most exclusive subdivisions in Hawaii,” said Cortez, who represented the buyer. “Whether entertaining or enjoying a

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Maui real estate professionals may know this all too well: Inventory is still tight for the island’s homes and condominiums.

According to statistics recently released by Realtors Association of Maui, inventory decreased nearly 16 percent for single-family homes and 33 percent for condominiums compared to last year. The analysis also found that new listings decreased 28 percent for single-family homes and 32 percent for condos.

“Housing markets across the nation are most assuredly active this summer, and buyer competition is manifesting itself into several quick sales above asking price,” the report said.

Another notable finding was the fact that the median sales price jumped nearly 20 percent to $515,000 for condominiums since this

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With sweeping views of Maui’s pristine northwest coast, one of Kapalua’s most coveted oceanfront condominiums has sold for $3 million.

The two-bedroom, three-bath unit is situated in one of the finest seaside locations in all of Kapalua. Island Sotheby’s International Realty agents Rob Shelton R(B) and Courtney Brown R(S) represented the seller of this meticulously-designed unit, which boasts panoramic views of the signature hole fifth green below on the Arnold Palmer designed Bay Course and beyond.

“This was an estate sale handled by the family’s law firm, and they were a joy to work with,” said Shelton, who helped represent the seller. “We had several offers within hours of each other, settling on the first offer that was presented.

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For the second year in a row, two Island Sotheby’s International Realty agents have made it onto Hawaii Business magazine's list of the top 100 real estate agents in the Aloha State.

For more than a decade, Hawaii Business magazine has been creating a list of the state’s most successful agents and companies, which has become the pinnacle of success for Hawaii's real estate professionals. The list named Island Sotheby’s International Realty as the ninth-top company in the state, which closed $340,481,875 in real estate transactions in 2017.

The list also honored several of the firm’s top agents. Island Sotheby’s International Realty agents Courtney Brown R(S) and Wendy Peterson R(S) made the list of the state’s top 100 agents, while agent

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