Maui Voted #1 in Barrons 10 Best Places for Second Homes article!!!


BARRON’S COVER
By STEVEN M. SEARS

Prices of luxury real estate are finally starting to rise, as bargain hunters swoop in. Some of the best deals are in second homes with pricesoff as much as 40%.

AT LONG LAST, THE MARKET FOR LUXURY REAL estate is coming back to life.

Prices for primary residences, which plunged at least 20% from the peak in 2007, appear to have bottomed. In some of the snappiest locations, scattered bidding wars are breaking out and prices are turning upward.

There’s nothing like a stabilized economy and a huge rebound in stocks to send folks looking for the perfect manse. The return of hefty Wall Street bonuses hasn’t hurt, either.

With all that in mind, and with summer just around the corner, Barron’s sized up the market for upscale second homes, one of the greatest luxuries of all. We scoped out dozens of deluxe enclaves across the country, speaking with brokers, homeowners and others. Our conclusion: Now could be an excellent time to buy.

Prices are way down — 40% off the peak in some locations. Seemingly at or near bottom, they are starting to attract the first wave of bargain hunters — and not just families in need of R&R. Hard-nosed investors also are on the prowl, says Jan Reuter, head of residential real estate at U.S. Trust Bank of America Private Wealth Management: “We’ve seen an uptick in buying in just the last couple of months.”


1. Maui Consistently rated the “Best Island in the World” by travel experts, this Hawaiian beauty underwent a growth spurt during the past decade that some critics bemoaned as excessive. But the southern coast, anchored by the hamlet of Wailea, has weathered it all well. One of the first master-planned resort communities in the nation, it’s a balanced blend of understated gated communities, luxury resort hotels, three excellent golf courses, a tennis center and, of course, several crescent sandy beaches. Wailea has 500 single-family homes, and their views are stunning: lush, verdant hills, brilliantly blue ocean and, after the steamy sun showers, rainbows over the horizon.

Median Price: $1.5 million
Drop From Peak: 27%
Neighbor: Oprah Winfrey

Visit www.LuxuryGreenRealEstateMaui.com to see ALL Wailea/Makena Property for Sale
Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 463-8485 cell
(808) 874-8668 office

Maui Homes Sales UP 48% since 2009!!!

Honolulu Advertiser Article
By Andrew Gomes
Advertiser Staff Writer

Maui’s housing market experienced dramatic swings in sales of single-family homes and condominiums in January compared with the same month a year earlier.

There were 46 single-family home sales on the Valley Isle last month, a 48 percent rise over 31 in the same month a year before, according to the Realtors Association of Maui.

The strong gain coincided with big jumps in January sales reported earlier on O’ahu, Kaua’i and the Big Island. But for Maui the jump came off a dramatic year-ago low.

Sales in January 2009 marked a low for any month since February 1997, according to trade association data.

Also lackluster was the median sale price that was down 16 percent to $469,000 last month from $558,000 a year earlier.

The number of Maui condo sales was down 31 percent to 71 last month, from 108 a year earlier. Again, the year-ago figure was somewhat of an anomaly as the most for any month since 2007 when Hawai’i’s housing market was still hot.

The median price for Maui condos was down 47 percent to $424,000 last month from $805,000 a year earlier. Again, the swing was influenced by the Honua Kai project. In Ka’anapali, there were eight condo sales last month for a median $722,500. A year earlier, there were 69 sales for a median $1.17 million.

The median is a point at which half the sales were for a higher price and half for a lower price, so a large number of new luxury condos will push the median higher.

Link to full Article

Meghan Clair: Luxury Realtor & Maui’s First Female EcoBroker

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Please look for the newest advertisements and Green Building articles by Maui’s First Female EcoBroker: Meghan Clair of Windermere Real Estate Wailea LLC in these locations:

Hotels: Four Seasons Maui, Grand Wailea

Magazines: Wailea Where Magazine, Where Guestbook, Where Quickguide, Hawaiian Luxury Home Magazine, Real Estate Maui Style
Homes and Lands Magazine HI, VITEC, The Shops at Wailea Magazine

Newspapers: Maui Weekly, Maui News

Internet: www.GreenRealEstateMaui.com, www.windermerewailea.com

IT PAYS TO THINK GREEN, WHEN INVESTING IN MAUI REAL ESTATE!

MClair@Windermere.com