We are pleased to announce that our listing at 6980 Makena Road has gone into escrow. This beach house-style home is dated but sits on an extraordinarily lovely spot. For details, contact us!

While the tourism numbers have been lousy, over the past few days the general activity level has picked up. We have been getting more inquiry and we have been having more showings. Finally things seem to be picking up, at least a little, for Maui real estate.

Out clients, the owners of Wailea Fairway Villas Q-103, has chosen to reduce its listing price to $998,000. This lovely 3 bedroom condominium boasts ocean views and is in excellent condition. The last unit like this sold for $1.2 million. By the standards of Maui real estate? This is a bargain!

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Bank of Hawaii Chief Economist recently gave a presentation to the Realtors of Maui on the national economy, local economy and the outlook for Maui real estate.

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The Department of Business, Economic Development and Tourism has released Maui's tourism numbers for June. They were awful. Here are the lowlights:

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The long talked about housing rescue bill has become law. The key features include:

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After much talk and consideration, the Ahihi-Kinau Natural Area Reserve will be closed for two years.

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Well, a tiny piece of good news amongst the carnage. The national housing inventory has declined…a little.

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Standard and Poor's Case Shiller Index released it's data through May today and the news is not good:

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For an extended period of time Maui real estate seemed to avoid the slowdown in the national market, but now it has undeniably arrived. Island wide, and in South Maui, we are seeing increased inventory, extended days on market, the occasional short-sale and wary buyers.

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