Beautifully upgraded 1 bedroom 1 bath unit with panoramic ocean views from kitchen, living and bedroom. Open the sliding glass doors to enjoy tropical breezes through the unit. The large 111 square foot lanai, and shoji-screen style sliders give this unit a spacious feeling. Enjoy the full-sized kitchen with upgraded cabinets, light granite countertops and stainless steel appliances. The remodeled bathroom features a unique shower with rain showerhead and pebble-tile floors. The unit comes fully furnished. Seller requests that buyer honor existing lease arrangements that go through April of 2015. Kamoa Views is a residential 4-story condominium complex with just 44 units. Each unit has a large storage space for storing sporting gear or holiday items. The complex features secured entry, covered parking, a private swimming pool with barbecue area and a large elevator. Located just 3 blocks from Cove Park between Kalama and Charley Young Beachparks. It is an easy walk to grocery stores, shops and restaurants in the heart of South Kihei as well as easy access to Pi’ilani Highway.
Listing Information for 311 Kamoa Views
Property Type: Condo
Address: 2124 Awihi Pl
AOAO Maint: $492.27/mo.
Living Area: 593
Year Built/Remodeled: 1981
Lot Size: .82ac
Virtual Tour of 2124 Awihi Pl
Map to 311 Kamoa Views
Escape to another world while being just 10 minutes away from the heart of Maui business. Enjoy resort-style living as you step through the front door, through the Great Hall to enjoy the saline pool and hot tub, stunning island and ocean views, outdoor kitchen and wood-burning fireplace. Imported travertine tile, African Mahogany woodwork and granite counters are found throughout this elegant residence. The main living areas include a gourmet kitchen, formal dining room, office, library, laundry/craft room, den and bedrooms are all easily accessible on the first level with wide entrances and roll-in showers. Over the 3-car garage is a spacious recreation room with a wet-bar, bathroom, lanai and media room. The fully landscaped grounds has 2 water features, many citrus trees, bananas and garden beds. In addition to the custom-designed 5,500 sq.ft residence, there is a luxurious 2 bedroom, 2 bath ‘ohana with fabulous ocean views.
Listing Information for 2850 Kamaile Pl
Property Type: SFD
Address: 2850 Kamaile Pl
Neighborhood: Wailuku Country Estates
Living Area: 5,529
Year Built/Remoded: 2009
Lot Size: 2.3ac
Virtual Tour of 2850 Kamaile Pl
Map to 2850 Kamaile Pl
In Maui, we “talk story”. It is how business is done. It’s how relationships are made. It is informal, direct and sometimes skips from topic to topic quickly.
Every time a read the Maui News, I think I should write little articles highlighting noteworthy news stories from Maui, with my opinions and thoughts. I’m going to try to summarize top 10 things that I think are newsworthy each month. Many of my readers don’t live on Maui and so this can serve as a quick way to know what is happening. If I missed something you think is newsworthy, make sure to leave in the comments.
Maui Talk Story – May 2014
I start off with article about – ME! Click on the image to see the full article. The regular column is about REALTORs who do good work in the community and each week they feature someone. I’m one of the co-founders of Grow Some Good and the unofficial treasurer and webmaster. Check out the Grow Some Good program and sign up for our newsletter. We have great volunteer needs and fabulous fundraising dinners you don’t want to miss. You don’t need to garden to enjoy.
2. Sick Whale off Maui Brings in Tiger Sharks
Last weekend I heard that the sick sperm whale had move from South Maui up to Olowalu area and then just found this video indicating that it is back near Molokini. The whale is obviously in distress. There are several large Tiger sharks following the whale so people are advised to stay out of the water.
3. Politicians are “Signing Up”
They announce that they have registered to run for office and then the real signs begin! Every street corner, every major thoroughfare are littered with signs. I grew up in a family where Dad was a State Representative and then Mayor of our town so I did put up signs and distribute fliers and learned the “politics wave”. I personally don’t vote according to how many signs or who I know but select favorite candidates based on their ability to listen to all sides of an issue and think through real problems. I’m not tied to a political party and really scrutinize politicians that stick to party lines because they obviously can’t think for themselves. I also scrutinize candidates who put up 14 signs in a row – that sounds like a real misuse of resources to me.
4. Three Long-time Restaurants on Maui Close
First was Stella Blues in Kihei who closed their doors after 23 years. Then Moose McGillyCutty’s in Lahaina (Kihei Moose’s is still open) and then just today Buzz’s Wharf in Ma’alaea closed after 42 years in business. In April, we saw Dragon, Dragon in Kahului close. We see a lot of restaurants come and go but it is sad to see icons of our community unable to survive high rents and new competition. My Message –> “Get out and enjoy your old favorite restaurants often! ”
5. City Council Votes to Reduce Property Taxes
This isn’t just for one or two classes of properties but across the board. I don’t really want to pay more but from a community well-being perspective, I don’t like this. We are one of the poorest counties in the nation. Everyone thinks we should be rich from tourism but it doesn’t work that way. We need better infrastructure. We need better schools. Our property taxes are the lowest of any place I’ve ever lived. I wish they didn’t vote on this right before #3. I suspect it may have a different outcome!
I wish the best to the entire crew on this amazing journey. I toured the Hōkūle’a earlier this year and can not imagine living on the boat for longer than a few days! The crew members are a mix of experienced sailors and those who want to learn the old voyaging ways. I was delighted to learn that they have adapted to some new technologies so we can stay in communication. The crew is changed throughout the trip but the first leg to Tahiti is the LONGEST.
7. Congratulations to Steve and JoAnn Shipes
Steve and JoAnn are my buyer clients who successfully purchased a 2 bedroom, 2 bath condo, just 1/2 block from Charley Young Beach in Kihei. They were a joy to work with and will be long-time friends. Although they won’t be full-time residents right away, it is good that they decided to take this move while interest rates and prices are still reasonable.
About May 20th, my Facebook page started popping up strange photos of “Squiggles in the Sky” – mostly taken from friends up in Pukalani and Kula. Truly strange looking! The next day, news came out that they had “most likely” been caused by a test missile that was launched in Kauai about the time of the sightings.
9. GMO petitions
Maui has been flaring with people trying to get required signatures to put the GMO (Genetically Modified Organisms) on the ballot in November. The first set of 8500 signatures were deemed about 50% invalid from the County Clerk. Bad sign. They proceeded to work to get more signatures but I haven’t heard if they’ve been deemed valid yet. I had lots of close friends ask me to sign. Each one that I asked, I wondered “What is the initiative on the bill really saying?” No one had read the initiative. Bad sign. It sounds like they (SHAKA Movement) want to put major limits on the ability of Maui growers to grow GMO-plants. I’ve read a lot and look at it from my science background. There isn’t a clear answer. But the anti-GMO groups have not convinced me that they know enough to educate the Maui populations before the election. I did not sign the petition. I feel privileged to be able to grow and eat organic and/or sustainably grown foods.
I had the opportunity to observe the 1st Tech Startup Weekend on Maui. It was energizing and exciting. People signed up and brought their ideas. 24 ideas were pitched (1 minute!) then everyone voted on the best ones. The top 10 ideas had about 20 minutes to establish a team who then had the weekend (54 hours) to come up with a prototype and/or business plan. People who didn’t know each other came together. Mentors from several sectors were available to consult. Then each team was allowed 5 minutes to pitch the results to judges on Sunday night. Ideas were everything from games, to shoes and ketchup! Sometimes I miss my techie roots… but my ideas for next year are around Real Estate!
That about wraps up the Maui Talk Story – May 2014 edition. I forgot to include the weather report — Weather has been different than most May’s which are delightful. We’ve had lots of days with no tradewinds. Many days with VOG and more south swells than are common for May.
Feel free to make suggestions to things I’ve missed below. If you disagree with my positions, I appreciate that you share your thoughts on my Facebook page!
How many of you are like me and dread Tax Day? Despite loving analytic reports, I hate the data gathering part. Do you dislike the work or the results…or both? Do you know that the richest people in the U.S. avoid taxes? Most do it by investing in real estate. I’m not a tax authority but my personal experience is that real estate is a great investment. Our U.S. Government rewards homeowners and investors. Yes, the market has ups and downs but the tax implications do balance that out. Some people think it is a “Get Rich Quick” scheme but I’d advise to not believe them. Follow the real estate trends and you can make a lot of nice slow money. I only wish I’d done it earlier!
Last month I reported that the market was showing some signs of instability. Well in March we jumped right back showing strong signs of a stable and increasing Maui market.
- For first time since April of 2013 we saw an increase in sales trends.
- The average days on market is holding pretty steady between 164 and 170 for both houses and condos.
- The inventory was 9.7 months. But overall, this means we are SLOWLY swinging back toward a buyer’s market.
- Last months price trend roller coaster seems to have headed up. The luxury market is driving this with 18% of sales last month being over $1 million dollars.
- Snowbirds are buying condos! At end of the month their were 251 condos under contract compared to 206 in December.
- Lenders are coming back with many more flexible options for purchasing homes. That is such a switch from a year ago. Still it does take work to qualify and higher home prices aren’t helping many people. And interest rates are still very good but going up.
Distressed Properties in the Maui Market
The distressed market is definitely slower than a year ago but we saw a increase in short sales that closed and I’m definitely seeing more REO’s dribble in.
Today I was blessed so I’m sharing! As the wife of TEDxMaui core member, Peter Liu, the TEDxYouth@Seabury Hall was almost required attendance for me. But Peter knows better…I wanted to attend! I love being inspired by TED talks and by youth. It is simply amazing that a team of young people made this entire event happen. What an amazing life experience for not only the speakers but the many students from schools all over Maui who participated. Definitely great resume’ material. This was a first class all-day event with great speakers, sponsors, music, a website, live-streaming and food!
- Rosie Kulhavy-Sutherland with her talk called “Imperfection In All It’s Glory“. What was most amazing about her talk is that every person in the room could relate to her! We are all trying so hard to be PERFECT that we miss what we were put here to be. We should thrive on our imperfection.
- McKayla Wandall’s talk was “Not Being Defined as X“. While I can relate to McKayla’s geeky side; I can not relate to being in a “underprivileged” group. I felt her pain. But more importantly, I felt her strength to not be defined by things that she had no control over. Since I was in school, there are so many more labels that are put on kids. Too often, kids accept these labels and become the label. Let’s find the bright spots like McKayla and focus on treating all kids in a way that expects them to be successful.
- Rui-Li Inge talked about being the outside kid and being bullied in her talk on “The Power of Diversity“. As an Air Force brat growing up, when entering a new school, I often felt like an outsider and that hurt. But it wasn’t the obvious bullying that Rui-Li was faced with. I feel it close to home though through my husband who definitely experienced bullying growing up. I was hoping for more solid solutions in the talk but then I remembered that Rui-Li has yet to see how this plays out in her adult life. In my experience, the kids that have been exposed to bullying are much better positioned to deal with the discriminatory boss or co-worker. I was going to say “Funny how bullying in school evolves to discrimination at work” but it’s not at all funny. The truth is that any person who has to stoop to bully, discredit and inappropriately challenge another is a weak, power-hungry and poor soul. The best defense is a good offense — “Why do you feel the need to stoop so low to xyz?”
- Matthew Sturm’s talk was “Magnetic Suspension, Levitation, and Propulsion“. Ok, this was a totally science geek talk; my friend was disappointed that he didn’t demonstrate his model. In my opinion, the talk wasn’t about the model. It was about how he used the model to challenge and understand science and limitations. Matthew is passionate about taking the steps to look for better science, new ways of thinking to challenge today’s technology.
- I was blown away by Aaron Rohozinski who spoke on “The Nature of Originality“. Several of us were talking at lunch (as we watched Aaron, pace around the lunch area – in his own world) about “kids we knew like that” in our high schools; they would have never gotten up to do a talk in front of 100 people. Huge kudos to Aaron for being himself and encouraging originality in everyone.
- Something the speaker is personally passionate about – to the extent that they are willing to show their own vulnerability.
- Well practiced and rehearsed so they don’t get too caught up in the excitement of the moment.
- Perfectly timed so that
- connection to audience and vulnerability is shown early
- good content/stories are provided to engage the audience and establish credibility and
- the inspirational focus point is saved until the very end.
My independent inspirational thought — I think the world needs a a TedXSeniors to inspire us 50-somethings to put our fears, expectations, bad habits aside and really live and love each day!
Aloha Everyone! Sorry I’m late getting this Maui market analysis out but I was finishing up reporting on the great event that Grow Some Good held last Saturday. I’m the co-founder and treasurer so that means I release those stats too. Admittedly I’m a GEEK but I really don’t love numbers THAT much… I just like to see RESULTS! The event grossed $39,011.09 in sales and we had 354 attendees not counting the chefs and their helpers or the band. We were worried about rain but ended up having a dry gorgeous sunset! Not bad at all for the 2nd annual event. So with my focus on the gardens and the green hills of Maui this rainy spring, I took longer to generate these reports.
I reviewed all the February data yesterday and was trying to think what to say this month. In the Maui News this morning I read that Terry Tolman at RAM called it “bouncy“. I laughed out loud. That is actually a good description. I’m feeling positive about the market. Some things look really strong and others don’t. Here are a few notes:
- We’ve had a SLOW decline in sales since April of 2013. That is the trends.
- We’ve had a 30% reduction in average days on market in the last year. That is usually a sign of a strong market.
- The inventory is creeping up — This means there is more houses on the market than are being purchased. We are up to 9.9 months of inventory from a low of 6.8 months in June 2013. Some areas have much more and some much less! However, last year’s peak was in February with 10.8 months of inventory. But overall, this means we are swinging back toward a buyer’s market.
- Price trends are a little bit of a roller coaster. We are seeing a lot of higher end (Luxury) homes/condos being sold which has caused the average price trend to be up 28-29% over last year. However, the median trends are much less drastic with 4% increase in condos and 10% increase in single family homes.
- We did see the condo market pending jump as more SnowBirds are finding ways to buy a piece of warm Maui after a tough winter. However, this February had 251 pending sales compared to 2013 February of 293. That’s a pretty significant decrease. Maybe people decided not to buy after experiencing our rainy weather!
- My gut is telling me that many sellers are getting too greedy. Prices are over-inflated and then houses don’t sell. Many agents report that transactions are falling out of escrow because a house doesn’t appraise and the buyer can’t get the loan.
- Lenders are coming back with many more flexible options for purchasing homes. That is such a switch from a year ago. Still it does take work to qualify and higher home prices aren’t helping many people. And interest rates are still very good.
TEASER I have some Year End data that I have yet to share… I think I’ll put that in a new post. Do you want to know what percentage of the market is vacation rentals? Or what about how which area has the most sales? Stay connected!
Distressed Properties in Maui
The distressed market is definitely slower than a year ago. But they are out there and they will be for many years. It is sad to note that right now our Congress has not extended the Short Sale Forgiveness Act that allows homeowners who short sale their property to avoid getting taxed on the difference between what they owed and what sales price of the short sale (i.e. phantom income). The people against that this bill say that the Federal Government is losing 6.4B in revenue from this. That is just crazy – I would call that PHANTOM REVENUE. Homeowners who short sale do it because they have no other options, no equity and usually high debts. So this is just forcing them to file for bankruptcy to avoid the taxes where only the lawyers get richer.