Why Home Sales Will Rise This Year


Realtor Magazine
By Lawrence Yun | June 2011
Chief Economist-National Association of Realtors

The first quarter ended with decent home sales activity… but the rest of the year should be even better. Here’s why.

The first quarter ended with decent home sales activity, with existing homes selling at an annualized pace of 5.1 million. The remainder of the year should be better still for the following reasons:

•More jobs
•Rising stock market wealth
•Rising apartment rents
•Continuing high affordability conditions
•Home values at historically justifiable levels
•Investors looking to hedge against inflation
•Foreigners buying U.S. homes on the cheap

Other potential contributing factors, although they’re not happening yet, are huge bank profits translating into more desire to lend and some reduction to market friction as lenders’ short sale approval processes improve and appraisals become less of an issue.

So, if existing-home sales either hold at the 5.1 mil­lion pace of the first quarter or improve on that, then the annual sales tally will easily exceed the 4.9 mil-lion home sales we saw last year.

LINK TO WAILEA HOMES FOR SALE

Contact Maui EcoBroker Meghan Clair for a custom Homes search Island Wide

EcoBroker, Realtor(S) Meghan Clair of Coldwell Banker-Wailea Shops Office specializes in assisting Buyers find THE BEST South Maui Oceanfront and Luxury Investments.

She is pleased to represent you as a Buyer’s Agent on any unique Maui home or condo.

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties-Shops at Wailea

Barrons Luxury Magazine Votes for Wailea/Makena, Maui in 2011

Scroll below to read excerpts from the article and see links to Maui Luxury Property.

Barron’s Cover | SATURDAY, MARCH 5, 2011
Best Places for Second Homes
By STEVEN M. SEARS AND MARK VEVERKA

As prices of luxury homes rebound, we rank 15 stunning settings.
When Barron’s called the bottom of the market for expensive second homes just about a year ago, some folks wondered what kind of caviar we’d been eating.

Prices of high-end homes had sunk 20% from their 2007 peak, and vacation homes were doing even worse, with some markets off 40%. America’s mainstream housing scene was getting pounded by foreclosures, and anxious pundits were warning of a double-dip recession.

Not to put too fine a point on it, but we were right.

Home prices in moneyed enclaves from Beverly Hills to Aspen to Greenwich climbed more than 10% last year, according to data from realty brokers and other experts and conversations with local residents. Though the rebound has been lumpy, the general uptrend looks to be firmly in place.

Two years after the worst of the financial crisis, the rich have dusted themselves off and resumed some serious discretionary spending. Both sales volume and prices are clearly on the rise for luxury vacation homes, one of the greatest indulgences of all. Prices for the majority of the 15 locales in our annual ranking of best places for second homes climbed in 2010, sometimes dramatically.

In seeking out and ranking these havens, we looked for beauty, comfort, convenience, a range of lifestyles and — always the paramount criterion at Barron’s — value. We wanted prices that had clearly hit bottom and were either rising or ready to rise.

Maui, Hawaii
The price of paradise is about to go up. After two down years, sales are gaining strength in the serene and lovely towns of Wailea and Makena. Sales volumes in these adjacent locales rose 35% last year, and total dollar volume vaulted 135%. While the median home price is $1.7 million, the asking prices for the several oceanfront homes listed for sale in Wailea and Makena range from $5.7 million to $22 million. In all, there are 53 homes on the market. One of the best values is Makena Place, a gated community of just 10 homes on five acres at the ocean’s edge. You’ll get outstanding views of the Pacific Getting to truly sandy beaches requires a five-minute walk, so remember to pack the flip-flops.

Median 2009: $1.5 million
Median 2010: $1.7 million

Link to Full Article

CLICK HERE TO SEE WAILEA/MAKENA LUXURY HOMES FOR SALEEcoBroker, Realtor(S) Meghan Clair of Coldwell Banker-Wailea Shops Office specializes in assisting Buyers find THE BEST South Maui Oceanfront and Luxury Investments.

She is pleased to represent you as a Buyer’s Agent on any unique Maui home or condo.


Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties

Coldwell Banker #1 on Maui

    #1 in Sales Volume AND #1 in Closed Transactions


*Graphs above reflect Actual sales volume numbers in 2009 comparing Coldwell Banker Island Properties and every other real estate fim on the island of Maui. Other firms names are undisclosed for privacy.

The numbers are in…

Coldwell Banker Island Properties dominated the Maui Real Estate market in 2009! CBIP had 95 Escrows in MARCH 2010…this is TRIPLE the number of escrows just one year prior.

What does this mean to you if you are interested in buying real estate in Maui???

1. The best properties at great prices, and great locations are selling at 3 times the rate of last year! Many investors are off the fence and taking advantage of the opportunity to own on Maui.
Buyers should act soon to get the best buys.

2. Year after year, Coldwell Banker is the Number One Resource for both buyers and sellers on Maui.
Work with the Best!

Contact Coldwell Banker Realtor (S), EcoBroker, Meghan Clair for an update on avilable properties, and the best deals on Maui! (808) 874-8668

Celebrate Earth Day Hawaii 2010!

    Maui Earth Day Events

Maui Nui Botanical Gardens Earth Day Celebration
The 7th Annual Maui Nui Botanical Gardens Earth Day Celebration and Plant Sale will take place Saturday, April 11, 2009 from 10:00 am to 3:00 pm. The event will feature a plant sale, live music and other entertainment, and educational and cultural exhibits and activities. For more information call 310-249-2798.

Dennis Kamakahi Concert on Earth Day
Slack key guitar master musician Dennis Kamakahi will perform live in Concert the evening of Earth Day, April 22, 2009 at the Napili Kai Beach Resort in West Maui.

Maui Earth Day Festival
The Maui Earth Day Festival takes place every at Baldwin Beach Park in Paia. It is an all day event featuring live music, environmental and social awareness booths, and a variety of activities for children and adults. The 2009 Maui Earth Fair will take place at Baldwin Beach Park on April 19, 2009 from 10:00 a.m. to Sunset.

HOW CAN I BE MORE ECO-CONCIOUS???
5 Eco-Concious Goals
1. I will take shorter showers and use a water-saving shower head.
2. I will abstain from meat at least one day a week to curb carbon emissions from the livestock industry
3. I will use a reusable water bottle and bring a mug to the coffee shop.
4. I will continue to use reuseable bags for groceries and shopping instead of plastic bags!
5. I will walk, ride my bike, carpool, and take public transportation instead of driving.

HOW CAN I MAKE MY HOME MORE ECO-CONCIOUS
1. Plant Native species for your landscaping
2. Use fans instead of air conditioners
3. Replace regular incandescent light bulbs with compact fluorescent light (CFLs) or LEDs
4. Use Solar powered exterior lighting near walkways, lanais and your yard
5. Plant a Garden or Fruit Trees


GREAT LINK TO EARTH DAY GAMES, ART PROJECTS AND, ACTIVITES FOR KEIKI!

Contact Maui EcoBroker, Meghan Clair for more tips on living green and Maui real estate information!
Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 463-8485 cell
(808) 874-8668 office

Luxury Home Magazine: Green article by EcoBroker M. Clair

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It pays to think GREEN when investing in Real Estate

Green Real Estate refers to a property designed or built to reduce environmental impacts; create a safer, more efficient living or working environment; reduce operating cost; and improve occupant health.

Recently, “Going Green” has become not just a hot trend, but a new lifestyle choice for many, and rightly so. The reality is that our natural resources are limited and as a human race we need to develop better technology and life choices for accommodating population growth and the damage caused by pollution.

In the past decade, the “Green” trend has spread in to the building and housing market and the concept is becoming increasingly more popular. What people may not know yet, is that in addition to making your home healthier to occupy, and less expensive to operate, implementing Green features into homes is a great avenue to make them more marketable for sale.


Some common eco-improvements for existing homes include: Solar water heaters, Attic and Wall Insulation, Low E-Coating windows, Photovoltaic Cells for converting Solar Energy into electricity, Energy efficient appliances, or even by landscaping with Native plants.

If all these options are not immediate alternatives for your family, you can still make smarter choices at home to be more eco-aware. Recycle, buy compact fluorescent light bulbs (CFLs), reduce your water consumption, and use less electricity when possible, or grow your own food!

Please click on the link below to read the entire article “It pays to think Green when investing in Real Estate” written by Maui’s first female EcoBroker, Meghan Clair

luxury-home-mag-article.pdf