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Category Archives: Real Estate Market
Multi-Family Hawaii Real Estate Up in 2014
Multi-family Hawaii real estate sales hit $500 million by the end of 2014, according to a report from Apartment Advisors. Jared Ikeda, president and principal broker of the company explained that the ...
Maui Real Estate Issues Addressed by Officia...
If you’re in the market for Maui real estate, the first thing you’re ...
Maui Real Estate Statistics to November 2014
We’ve compiled our latest Maui real estate statistics data covering the period between January 1st and November 30th of 2014. This should be helpful to those who are keeping an eye on the Maui m ...
Real Estate Predictions for 2015
Economists are predicting improving conditions for first-time home buyers in 2015, based on four important factors. Considering that rents are rising faster than incomes, it might just be cheaper to b ...
Maui Real Estate Prices up in November
The numbers are in for Maui real estate performance in November. Curious how sales and prices looked last month? Keeping track of market performance is an important part of making investment decisions ...
Maui Real Estate Sales Statistics
As West Maui real estate specialists, we find that data collection on sales statistics helps us to keep a firm grasp of the big picture concerning how the market is changing in our area. As a prospect ...
First Time Home Buyer Challenges
According to the National Association of Realtors, only a third of home purchases are made by first-time home buyers, which is the lowest it has been since 1987. This figure came from data collected b ...
Existing Home Sales Up
Those in the market for a Maui home may be interested to know that in September, ...
Maui Home Price Increases in September
High home appreciation throughout the state of Hawaii has been in the news for some time, and the data released by the Realtors Association of Maui for the month of September reflects that in substant ...
Hawaii’s Low Inflation to Allow Faster...
According to state economists, Hawaii’s economy will benefit from its low inflation rate, leading to more growth than they originally predicted in their forecast. It’s rare to hear that fo ...
Existing Home Sales Up in June
According to the National Association of Realtors, existing home sales went up 2.6 percent in June, meaning the nation is back to the annual rate of 5 million sales that was reached last October. Exis ...
Is Hawaii Real Estate Overvalued or Accurate
Trulia, a Mainland-based real estate data and listing service, recently reported that homes in Honolulu are the second-most overvalued in the country. Considering the expense of real estate on Maui an ...
Hawaii Home Appreciation Among Highest in Na...
A bit of news came down the pipeline recently, which should be especially relevant to those considering a Maui real estate investment. A report from CoreLogic revealed that Hawaii was among the top st ...
Top 20 Beach Town Housing Markets
Based on a recent report from RealtyTrac, Hawaii earned over half the spots on t ...
April Maui Home Prices Increase
According to the latest report from the Realtors Association of Maui (RAM), the average cost of a Maui home was $470K in April of 2013, but in April of 2014, that figure was up to $583K. That’s ...
Soaring Maui Condo Sales of March
The numbers are in for Maui’s real estate market in the month of March, an ...
Hawaii Foreclosures Down
Every time the headlines say that inventory is down in the Hawaii real estate market, some people wonder whether the recovery is as stable as the press makes it out to be. For those who are still skit ...
Maui Home Prices Up While Condo Prices Down
According to the latest report from the Realtors Association of Maui (RAM), Maui County had double-digit gains in the median price of single-family homes in the month of November. At the same time, sa ...
Hawaii’s Economic Growth Forecast
Many of you prospective Maui real estate buyers may be interested to know that the Hawaii economy is expected to grow by about 3 percent in 2014, according to a quarterly economic report by the state ...
Hawaii Commercial Real Estate Sale Record Po...
According to a recent report from Colliers International Hawaii, commercial real ...
Hawaii in Real Estate Production Cycle
At the Commercial Real Estate Development Association (NAIOP) mid-year market forecast this month, Hawaii economist Paul Brewbaker explained why our lovely rainbow state housing market is in a product ...
Maui Real Estate and Accommodations
According to a recent report by Hospitality Advisors LLC and Smith Travel Research, Hawaii hotels pulled in record earnings with $262 million in room revenue in the month of May. Average daily room ra ...
Maui Real Estate Prices Climb in June
As real estate and economic analysts expected, Maui County real estate prices rose in June, thanks to the lack of foreclosure properties left on the market and the subsequent shrinking of inventory av ...
Hawaii’s Economic Forecasts Better tha...
According to a recent report from the state Department of Business, Economic Development and Tourism (DBEDT), Hawaii’s economy is forecasted to grow faster than the rest of the U.S. throughout t ...
Hawaii Foreclosures Drop Steeply in January
The great state of Hawaii has kicked off 2013 with a 61 percent drop in January foreclosure filings, according to California-based RealtyTrac. Only 253 properties submitted foreclosure filings compare ...
Maui Real Estate Gains in December
The latest Maui real estate statistics from the Realtors Association of Maui showed positive growth for the month of December, which is a nice complement to other recent news on Maui’s steady ec ...
Future West Maui Housing Development
The future of a 22-acre vacant lot in Lahaina owned by The Harry & Jeanette Weinberg Foundation has been decided after a colossal $200 million West Maui Harbor proposal was rejected. Instead, the ...
Luxury Home Sales Up in Hawaii
In past blogs, we’ve discussed the number of condo and home sales in Maui County, along with their median prices in a given month or year. This subject is a bit more specific. An interesting bit ...
Hawaii Real Estate Appreciation Second Highe...
According to the real estate research firm CoreLogic, home prices rose nationwide by 6.3 percent in October, compared to the same month last year. The exciting part for Maui home owners is that Hawaii ...
Hawaii Foreclosures Drop Steeply in Septembe...
If you’ve been following the news for the Hawaii housing market, you might remember that state law forced foreclosure actions in Hawaii to go through the judicial system so that mortgage lenders ...
Maui’s RevPAR Highest in Hawaii
According to a report by Hospitality Advisors LLC and Smith Travel Research, the state of Hawaii was second after Singapore in hotel occupancy, room rates and revenue for the first half of the year. T ...
Our Top Ten Reasons to Live on Maui Part II
If you read our blog last week, you saw our first five reasons to live on Maui, for those who are debating whether to move to the island or plunge into a Maui real estate purchase. Here is the second ...
Our Top Ten Reasons to Live on Maui Part I
Debating on whether to move to Maui? Well read on, because this is one of those celebratory blogs where we just have to share our appreciation for the island of Maui. Some of our reasons for loving it ...
Maui Real Estate Sales and Prices Spike
As most real estate savvy individuals know, monthly statistics are compared to the same month in prior years, rather than simply compared to the month before. That’s because real estate fluctuat ...
Maui Market Update
Aloha! Below, please find my market update for The Maui Kaanapali Villas. The first part of my report deals with the condominium market island-wide on Maui. I then focus on the condominium market for ...
Hawaii State Foreclosures Down
In 2010, Hawaii had the 11th highest foreclosure rate in the nation. It became widely known that fraudulent advertisers were conning the trusting, desperate and elderly into contracts that would bleed ...
Hawaii’s Rent and Property Value
According to recent data from the Census Bureau’s American Community Survey, housing costs in Hawaii were the highest in the nation if you are renting, with a median of $1,291 per month. The nat ...
Maui Real Estate Sales Up Prices Down
The latest Maui real estate statistics have been released by the Realtors Association of Maui (RAM), with some interesting numbers. Home and condo prices were down in July but sales were up compared t ...
Whalers Realty 12th Highest Dollar Volume in...
We at Whalers Realty are proud to announce that despite having fewer agents than some of the larger Hawaii Real Estate Firms, we have ranked 12th in the state and 2nd on Maui for residential Real Esta ...
March Maui County Real Estate Statistics
The March statistics from the Realtors Association of Maui (RAM) are in. While condo sales in Maui County were flat, and condo prices fell, single-family home sales rose, and prices rose a little as w ...
Maui Real Estate Market Update
Maui Real Estate Market Ends the Year with Positive Growth –Caroline McKean, Whalers Realty “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past ...
Maui Foreclosure Rate Slows in November
Hawaii’s foreclosure filings for November 2010 are about the same as in November of 2009, despite a 31 percent decline in November compared with October. The culprit is an increase in filings on ...
Follow Maui Real Estate on Social Media
Whalers Realty is preparing for 2011 in a big way! With a new marketing budget i ...
Spotlight on Our Own Bob Cartwright
Norm Bezane, a columnist at Lahaina News, recently published a piece on our very ...
Moving to Maui Tips Part II
Our last blog included a list of important supplies you need for your move, some of which will save you money, such as newspaper instead of packing paper, and garbage bags for clothes instead of boxes ...
Moving to Maui Tips
Even moving to the next town over can be an arduous process if you aren’t prepared. And if you’re moving to Maui, you are moving overseas. It may seem daunting but there are steps you can ...
Maui Real Estate Sales Up in First Half of 2...
Maui is buzzing with real estate sales activity this year compared to the first half of last year. As long as there is such a high inventory of bank owned and short sale properties, however, prices ar ...
Drop In New Home Sales Nation Wide
According to the Commerce Department, new home sales in the US hit a record low in May. The decline since April was by a full third. Economists expected this, since the tax credits ended in April, but ...
Maui Surge in April Home and Condo Sales
According to the Realtor’s Association of Maui (RAM) Maui County saw a massive spike in condo sales for the month of April with almost four times the number of sales than the same month last yea ...
The New Maui Development Lanikeha
Lanikeha is a new community under development in Kaanapali and a source of great excitement and anticipation for residents owners and future owners. Lying along the slopes of West Maui’s Mount K ...
October Maui Real Estate Statistics
According to the Realtors Association of Maui (RAM), the price of single-family homes decreased in October while condo prices and sales rose. The median price of a Maui County condo was $400,842 which ...
Mortgage Bankers Association Loan Spike
The Mortgage Bankers Association reported a 17 percent rise in mortgage loan applications for the week that ended on September 4th 2009. The rush for applications is attributed to lower interest rates ...
How to Buy a Home
After researching what information is typically available on the home buying process online, we found that a lot of advice is heavily specific and the basic steps are lost amid pages and pages of read ...
Real Estate is Still a Good Investment Ameri...
Despite all the recent issues with foreclosure and the dropping of property values, ninety-two percent of Americans believe, even now, that a house is still a good investment for the future, according ...
Whalers Agents Among Top 100 Producing Realt...
For the third consecutive year, Robert J. “Bob” Cartwright, Gregory “Greg” Harbo ...
Whalers Realty’s Sister Website Offers...
If you’ve been following our blog for any length of time, it’s probably safe to say that you know a lot about Whalers Realty, but did you know that our sister company www.vacation-maui.com ...
Creating Opportunities for Buyers and Seller...
The “Ask for the Best” team at Whalers Realty is excited by a market that is pro ...
Maui Real Estate Market
Home prices are up on Maui from last month but remain down from this time last year. March did see an upswing in sales in Maui County. A total of 52 single-family homes were sold in March, including 5 ...
Tips on Buying a Maui Short Sale Home
First of all, if you are considering the purchase of a short sale, you will want to contact your realtor first so they can research the listing. There are several things a savvy realtor will be watchi ...
Fannie Mae to Expand Mortgage Rules
In the past, if a real estate investor owned four properties, that individual would be barred from Fannie loan qualification. No longer. The company will now expand the limit on second home and invest ...
West Maui’s Lanikeha Development
One of Maui’s most stunning developments is underway in West Maui. It is called Lanikeha, meaning “legendary part of heaven”. Lanikeha’s 110 acres will overlook the magnificent ...
Maui Housing Interest Rates
According to Lawrence Yun, who is NAR’s Chief Economist, the federal government’s purchase of Fannie Mae and Freddie Mac’s debt obligations will bring down interest rates in the long ...