| It is time to take a reading on the Maui real estate market and see how we fared for the first 6 months of the year.Year to Date Home Sales Year to Date Condo Sales Year to Date Land SalesOne thing that is painfully obvious is that the number of sales are down sharply from last year. As you can see, home and condo sales were both down 27% and land by 14%. On a somewhat brighter note though, the sales volume was down only 12% on land, 26% on homes, and actually up on condos by 26%. Of course, this latter figure was skewed by a large number of Wailea Beach Villas closings taking place during the first 6 months of this year. If these sales were taken out of the equation, the condo sales volume would have also shown a year over year decline. It is difficult to say what will happen going forward, but typically when inventories rise and demand falls as evidenced by the drop in sales, prices will eventually fall to bring balance to the market. According to a survey done by HouseHunt, " Housing Market Reaches Equilibrium Between Buyer Demand, Seller Supply". According to our Market Watch statistics homes for sale have increased from 597 to 793 between December 12th and today. The sales for the previous 12 months dropped from 1731 to 1131 during this same period. The unsold inventory of homes now sits at approximately 8 months vs. 4 months last December. According to market watch analysts, 5.5 to 6 months represents a good balance between buyers and sellers. Condos have also followed the same pattern going from under 4 months of unsold inventory back in December to 7 months today. According to the National Association of Realtors chief economist, " Home Sales are Expected to Stabilize in the Months Ahead". Please note that they are looking at the overall market across the Country, and certain regions can fare either much better or much worse than the average.If you are planning to buy or sell a property on Maui within the next 24 months, we would love to hear from you. Although we don't have a crystal ball, we feel that our knowledge of the market and our careful attention to the trends can be invaluable to you in terms of timing your next sale or purchase. Have a wonderful week. Mahalo Nui Loa, Greg and Ken Smith 
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Market Watch for July 16, 2006 | Active | Pending | Sold | Change | Homes | 793 (362) | 161 (50) | 1131 (239) | +6 | Condos | 1031 (178) | 116 (13) | 1757 (257) | -22 | Land | 363 (167) | 62 (31) | 407 (76) | -4 | Total | 2187 (707) | 339 (94) | 3295 (572) | -20 |
1. The numbers in parentheses reflect the number of listings over $1 Million.
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week. |
111 Kaimaiki Circle
Kahului
$1.109M (FS) |
| Great Opportunity in relocation sale. Big Value on Beautiful custom home in gated community. Large golf course lot with views. Very private. Upgrades: hand-etched glass doors, vaulted ceilings, travertine marble throughout, granite counter tops, central a/c, Bosch dishwasher, crown molding, large covered lanai - finished in slate, alarm system, professionally landscaped with auto sprinklers and more. | 
2631 A & B Ala Olu Place
Haiku
$1.575M (FS) |
| Great equestrian property on 13.6 acres with two homes. Located near Ho'okipa - zoned agriculture - with a tropical valley entrance. Secluded and private. Very clean. Great upside value property. Customer Listing Synopsis | 
60-A Lana Street
Kuau
$1.995M (FS) |
| Just a stone's throw from Maui's north shore beach, this high quality newly constructed home. With public beach access right next door, you can walk to Mama's Fish House for a great meal or launch from the beach for a great sail, surf, kite, dive, swim, or lazy afternoon on the beautiful sandy beach. | 
584D Stable Road
Spreckelsville
$4.995M (FS) |
| This gated property features two beachfront homes, on a half acre of beautiful grounds, and 150 lineal feet of beachfront. A white sandy beach lies in front of the house. These luxury homes are fully furnished and ready to move into. |
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144 Pauloa Place
Kihei
$849.5K (FS) |
| Great home to live in or it can be used as an income property. The total rent for the property is $4,250/mo. The House has great views from every window. There are 3 bedrooms upstairs, a studio downstairs plus a detached cottage. | 
46755 Hana Highway
Hana
$885K (FS) |
| Best value in heavenly Hana. Brand new custom designed home with 180 degree ocean views. Quality materials and craftmanship throughout. Perched on 1.10 acres of land with lovely yard and rock walls. High ceilings and many windows make this a bright and airy home. |
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440 Lauone Place
Wailuku
$459K (FS) |
| Quaint starter home. Spacious layout with large kitchen and living room. Renovated in 2004 and in good condition. Ready to move in. Conveniently located near schools, library, park, and municipal buildings. Dead end street minimizes traffic. | 
50 Makahehi Place
Kahului
$689K (FS) |
| This wonderful 3 bedroom 2.5 bath home is located in the "Legends" the new subdivision of the Maui Lani Golf Community. The home has a warm easy flow throughout. The upstairs windows capture the West Maui Mountains and Haleakala Views. This is the "Wai'alae" model with the covered lanai option, and is surrounded with professional landscaping and an awesome 4' to 6' "Blue Rock Wall". | 
225 Kawailani Circle
Kihei
$699.5K (FS) |
| Nice Home in Piilani Villages Phase 2. Priced to sell. |
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Vacation Condos Over $1 Million 
Wailea Beach Villas
Wailea
$5.595M (FS) | | Beautifully appointed turn key 3 bedroom 3.5 bath Villa with spectacular ocean views. Gourmet kitchen with top of the line appliances, granite counters and Studio Becker cabinetry. Walk to shops, restaurants and beach. Amenities include: concierge, private rooms for entertaining, 2 pools with spas, fitness center, business center, conference room and upscale game room. |
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Vacation Condos Under $1 Million 
Maui Vista #1118
Kihei
$338K (FS) |
| Fabulously up-graded front building unit at wonderful Maui Vista. Remodeled unit with new carpeting and furniture. | 
Kealia #201
Kihei
$419K (LH) |
| Take a stroll on one of the longest beaches in Maui or watch the sunset from your lanai. A beautiful one bedroom end unit overlooking the pool with views of Molokini and Kahoolawe. Views of Haleakala from the bedroom. Remodeled in 2004 and totally refurnished. Granite and tile enhance the bathroom and the kitchen. | 
Hale Kaanapali #109
Kaanapali
$899 (FS) |
| A rare gem in an almost new unit in an older property. A minute walk out to the best part of Kaanapali Beach. |
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Residential Condos Under $1 Million 
Maui Gardens A-206
Kihei
$285K (FS) | | Secret Garden...escape to Maui Gardens. Kihei's best kept secret. Low density complex with more lawn than buildings! Plus your very own pool and tennis courts. Extremely quiet complex, private lanai,a/c and ready for your personal touches. Priced to sell! Bring your offer today. Showings to begin week of April 3rd. | 
Wailuku Townhouses #507
Wailuku
$330K (FS) |
| Rarely available 2 bedroom, 1.5 bath unit at Wailuku Townhouse. Panoramic views of the ocean, central valley, and Haleakala await you in this terrific apartment in the heart of Wailuku town. This home is within walking distance of shops, restaurants, medical offices, government offices and the courthouse. 1 assigned parking stall. | 
Pacific Shores A-104
Kihei
$346K (FS) |
| Very clean unit with ceramic tile flooring very practical for beach goers. Located across the street from Charley Young beach and down the street to Kamaole I sandy beach. A/C in the living room. Complex has a pool & Jacuzzi. Two exclusive parking stalls on the ground floor for easy access. Pets are allowed. | 
Haleakala Gardens 20-A
Kihei
$399K (FS) |
| Very very nice 3 bedroom ground floor unit, freshly updated. New carpet & paint. Nice ceramic tile. Updated kitchen & baths, full size washer/dryer and 3 a/c units. Please note parking stall are #364 and #366. |
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