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Lahaina, HI Real Estate News

By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
The latest issue of the Kapalua Resort Newsletter is now available for your review online. The real estate market here in Kapalua has picked up momentum. The newsletter details the changes in the market over this time last year, including number of sales and the impact on sales prices.   I am particularly pleased to announce that our listing at 708 Mokuliea Place in the Plantation Estates is now in escrow at a list price of $7,950,000. In addition, I've been working on adding real estate reports to the site, and will continue to add more over the coming months.  These reports compare ten year sales activity for various neighborhoods and types of property within the resort.  This month's Local Flavors features a simple and delicious recipe for summer from the new Kapalua Spa.
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
Lahaina Restoration Foundation will host its 2nd annual progressive dinner on May 28th and 29th. Enjoy fantastic food while dining in historic locations in Lahaina town (and your attendance ensures that the Foundation will be able to continue to keep these landmarks in tiptop shape).  The sites to be included this year are: Wo Hing Mission-Appetizers served by Chef Sheldon Simeon from Star Noodle Hale Aloha-trolley ridge from the Wo Hing Mission to Hale Aloha for the Salad Course Baldwin House-Seating for the main course will be throughout this historic home (my mother was the curator here in the 60's living upstairs).  Friday night Chef David Paul of his eponymous David Paul's Island Grill will do the honors, and Saturday night guests will be treated to the cuisine of Chef Alex Stanisl...
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
Don't miss Paddlemania! Surfboards and canoe paddles serve more than an athletic or cultural purpose-their making their way into our homes as art-a popular way to lend a whimsical island feel to your decor.  I've seen gorgeous wooden paddles and boards in homes across Maui, a reminder of our connection to the ocean around us. This summer, several Maui artists are taking the paddle as art a step further.  Over thirty local artists have come together to support the Napili Canoe Club, and to add their own unique vision to wooden paddles donated by members of the club.  Now you can add to your art collection while encouraging Maui's youth to enjoy this healthy sport rooted in Hawaii's culture and traditions. Local artists include Don Crossley, Ronaldo Macedo, Michael Orr, Jan Kasprzycki, an...
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
Fair Warning Wednesday Foreclosures on Maui 5/12/2010 The following properties have been foreclosed upon by their respective lien holders. 10 Wailea Ekolu Place unit 1303 Kihei, HI 96753 was foreclosed upon for the sum of $489,000.00 124 Omaikai Place Lahaina, HI 96761 was foreclosed upon for the sum of $430,910.10 3148 Akala Drive Kihei, HI 96753 Maui Meadows was foreclosed upon for the sum of $612,000.00 3676 Lower Honoapiilani Highway Lahaina HI 96761 Maui Trade Winds was foreclosed upon for the sum of $74,000.00 Leasehold If you have any questions about where the market is heading current short sales or foreclosures call me 808-280-3442
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
Foreclosure Monday 5/10/2010 The following properties were foreclosed upon by their respective lien holders. 83 Moana Ave Kihei Hi 96753 was foreclosed upon for the sum of $884,410.21 3676 Lower Honoapiilani Road #G-302 Lahaina, HI 96761 was foreclosed upon for the sum of $66,600.00   If you have any questions about where the market is heading current short sales or foreclosures call me 808-280-3442
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
Kapalua, Maui: Real Estate Update The Kapalua Resort real estate market has steadily been picking up momentum since the beginning of 2010.  In fact, the market activity has outpaced the same time period in 2009 by 200%.  The average sale price has dropped 7%.  The movement seems to be largely at the low and high end of the markets.  The low sales price dropped 26%, while the high increased 53%.  Properties are spending longer time periods on the market, as Buyers are selectively pursuing properties that are either in ideal locations or priced aggressively. As of this posting, there are three pending sales: two Ridge Villas, and one Bay Villa.  There were two closings this past week: 618 Silversword, a 3B/3.5B home in Pineapple Hill that was beautifully renovated, and Ritz-Carlton Reside...
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
Foreclosure Monday 5/3/2010 The following properties have been foreclosed upon by their respective lien holders. The AOAO has foreclosed on the following properties: Unit 522 17 Jillian Lane Villas at Kahana Ridge Lahaina HI 96761 was foreclosed upon for the sum of $1.00 one dollar Unit 214 10 Heather lane Villas at Kahana Ridge Lahaina HI 96761 was foreclosed upon for the sum of $1001.00 one thousand and one dollar, call me to find out why unit 522 went for $1 dollar and unit 214 went for $1001.00!? 2741 Panepoo Street Kihei HI 96752 Kihei Village subdivision was foreclosed upon for the sum of $522,000.00   If you have any questions about where the market is heading current short sales or foreclosures call me 808-280-3442
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
Foreclosure Wednesday 4/28/2010 The following properties were foreclosed upon by their respective lien holders. 199 Anamuli Street Kaului, HI. 96732 Maui Lani was foreclosed for the sum $510,267.45 3740 Lower Honoapiilani highway Lahaina, HI 96761 apt D 108 Maui Lani Terraces was foreclosed upon for the sum of $112,500.00 4042 Mahinahina place Lahaina, HI 96761 Mahinahina was foreclosed upon for the sum of $660,732.43   If you have any questions about where the market is heading current short sales or foreclosures call me 808-280-3442
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
4/23/2010 Foreclosure Friday – Aloha Friday – Furlough Friday. The following properties have been foreclosed upon buy their respective lien holders. 42327 Lower Honoapiilani Highway Unit 809 Valley Isle Resort Kaanapali HI 96761 was foreclosed upon for the sum of $454,750.00 111 Kahului Beach Road Kahului, HI 96732 unit D-205 was foreclosed upon by the lien holder and bought by the public for $24,001.00 64 Papahi Loop Kahului, HI. 96732 Legends at Maui Lani was foreclosed upon by the lien holder for the sum of $425,000.00 5 Abby Lane Kahana, HI 96761 Apt 331 Villas at Kahana Ridge was foreclosed upon for the sum of $352,000.00 397 Aliiolani Street Pukalani HI 96768 Town House was foreclosed upon for the sum of $252,046.59 4/22/2010 2695 South Kihei Road 4-107 Kihei, HI 96753 Kamaole San...
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
There were no foreclosures on Maui yesterday the 20th of April Foreclosure Wednesday April 21st 2010 Today there were several AOAO foreclosures! The following foreclosures were taken back by their respective lien holders. 1) 117 Hakui Loop Kaanapali HI 96761Kaanapali Hillside was foreclosed upon by the lien holder for the sum $561,153.00 2) 557 Kaikoo Street Wailuku, HI 96793 was foreclosed upon by the lien holder for the sum of $240,000.00   If you have any questions about where the market is heading current short sales or foreclosures call me 808-280-3442
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By Barbara Potts
(Aloha Realty Group)
Wow! 2010 has gotten off to an amazing start! Since January 1st, there has been a flurry of activity. There has been 9 accepted offers on units—and 4 of them have already closed escrow. Barb and Lee put two of the units pending sale into escrow on the same day. At this pace, we have about 28 months of inventory on hand. There are currently 21 available units for sale. Of the 4 sold units, 3 of them were foreclosures. There are 5 partial ownership listings still available from $114,900 to $149,900 for 60 day intervals and 1 unit is available as a 50% ownership for $225,000. Throughout the first quarter of 2010, there were 31 listings (10 of which were short sale) and 5 partial ownerships listed. At the end of Q1, there were 21 active listings (10 short sale) for whole units and 5 active...
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Throughout 2009, there were 44 listings (10 of which were short sale) and 6 partial ownerships listed. At the end of 2009, there were 19 active listings (7 short sale) for whole units and 5 active partial ownership units listed. Out of 44 listings, 20 were taken off the market by the end of the year and 1 became a partial ownership listing. Sellers reduced their asking price by an average of 12% from their original asking price. There were 2 sales in all of 2009 (1 upstairs studio unit and 1 partial ownership downstairs 2/1 unit). Here’s a comparison of average asking prices—2009 to 2008: Studio—$239,000 (2009) to $253,500 (2008) -6% 1/1 upstairs—$373,000 (2009) to $397,400 (2008) -6% 1/1 downstairs—$367,667 (2009) to $408,000 (2008) -10% 2/1 upstairs—$451,000 (2009) to $544,000 (2008)...
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
The Kapalua Wine and Food Festival is one of my favorite Kapalua events.  Especially, the Seafood Festival down on the beach.  You can't ask for a more beautiful setting to showcase the fantastic food and wines.  I look forward to it every year, and many visitors plan their vacations around this fantastic weekend. The 29th Annual Kapalua Wine & Food Festival "Summer Soirée"Celebrating fine wine & food  Hosted by Master Sommelier Fred DameJune 24-27, 2010 THURSDAY, June 2412:00 noon - 3:00 pm: Industry Trade ShowThe Ritz-Carlton, Kapalua - Anuenue RoomBy invitation only, local distributors present their portfolios of new releases to industry professionals. 5:00 pm - 6:30 pm: Welcome Reception  Location: TBDThis by-invitation only affair includes Festival Master Sommeliers, Festival Chefs...
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
Foreclosure Wednesday 4/14/2010 The following properties were foreclosed upon by the respective lien holders   347 Aalii Way Lahaina HI 96761 was foreclosed upon for the sum of $350,000.00 346 Aulike Street Lahaina HI 96761 was foreclosed upon for the sum of $306,000.00 674 Lalani Circle Kahului, HI 96732 was foreclosed upon for the sum of $400,000.00   If you have any questions about where the market is heading current short sales or foreclosures call me 808-280-3442   Jeff Griffin Broker with Kamaaina properties inc. 
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By Lee Potts, The smarter we work, the luckier you get.
(Aloha Group Maui)
Yesterday it rained all day in Lahaina. That’s pretty unusual. This morning it is a bit overcast and cool with a slight breeze. In Lahaina that is something for a runner to savor. So this morning, my first run in 3 weeks, that’s what I did. One of my regular routes starts in the heart of Lahaina and heads down Wainee, a block off Front Street, past the various churches and into the Puamana Nui neighborhood, where real people live. Some of them are out washing their cars, gardening, greeting the morning. At Puamana, the end of Front Street, I turn briefly back toward Lahaina until I reach the first “beach access” alley. It’s funny, because there is no beach at the end of the access, just a barrier over the rocky shore warning you not to go any farther. I always turn down this little path...
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By Courtney Brown, Realtor (S) Vice President, Live a Maui Life!
(Island Sotheby's International Realty)
Many of my clients have expressed an interest in the market trends in the Kapalua Resort.  In an effort to provide this information, I've prepared four new reports charting the annual trends in the resort.  You can view statistics regarding the sales resort wide across all categories, or focus on condominiums, homes, or land.  Kapalua Maui Real Estate Reports I will be preparing reports for the various neighborhoods over the next few weeks as well.  Any suggestions or comments are welcome. What information would you find helpful?  Email: info@luxuryrealestatemaui.com
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
Foreclosure Monday March 28th 2010     275 Kama street Waikapu, HI 96793 vacant land was foreclosed upon by the lien holder for the amount of $110,000.00 475 Front street #335 Lahaina HI 96761 Lahaina Shores was foreclosed upon by the lien holder for the sum of $562,962.08 4242 Lower Honoapiilani highway unit E-312 Napili HI 96761 Kahana Villa was foreclosed upon by the lien holder for the su of $402,894.02 631 Meakuna Lane #104 Wailuku, HI 96793 Kehalani Gardens was foreclosed upon by the lien holder for the sum of $359,753.14  If you have any questions about these foreclosure or other properties facing foreclosure just call me at 808-820-3442  Jeff Kamaaina Properties 2008 Main Street Wailuku, HI  96793   
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
Foreclosure Tuesday March 23rd 2010 357 Kekolu street Makawao HI 96768 was foreclosed upon by the lien holder for the sum of $319,301.50 1993 South Kihei road Kihei, HI 96753 The Island Surf Condominium unit #303 was foreclosed upon by the lien holder for the sum of $215K 3823 lower Honoapiilani road apt 115 Lahaina HI 96768 Hale Ono Loa condominium Leasehold was foreclosed upon by the lien holder for the sum of $45,000 The AOAO of South Pointe condominium foreclosed upon the unit 15-103 for the sum of $1.00 yes that’s one dollar.   If you have any questions about where the market is heading current short sales or foreclosures call me 808-280-3442
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By Jeffery Griffin, Broker Owner
(Jeff Griffin LLC )
Foreclosure Tuesday on the island of Maui Hawaii  3/16/2010 The following properties were auction offed at the court house steps in Wailuku.  80 Halili lane 8-H Kihei, HI 96753 was foreclosed upon by the lien holder for the sum of $363,395.13 4955 Hanawai street 1-102 Lahaina HI 96761 was foreclosed upon by the lien holder for the sum of $320,395.05 3740 Lower Honoapiilani Highway unit F-304 was foreclosed upon by the lien holder for the sum of $261,874.05 For further information contact me at 808-280-3442 Mahalo  Jeff Jeffery B. Griffin Realtor® GRI ABR e-Pro GRI Lucky We Live Hawaii 808-280-3442 cell 808-244-4000 Hawaii MLS LuckyComeHawaii@yahoo.com Kama'aina Properties Inc 2008 Main Street Wailuku, HI 96793
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By Lee Potts, The smarter we work, the luckier you get.
(Aloha Group Maui)
Aloha, if you are interested, you can find the official tsunami evacutaion maps for Maui at http://www.co.maui.hi.us/index.aspx?NID=261. The Lahaina area is between Launiupoko and Wahikulu beach park, evacuation map five and six.   Lee
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