Laurelee Blanchard

PAIA Real Estate News

Volume 12

Laurelee Blanchard, Realtor

(808) 298-8544 (Direct)

Laurelee@MauiResidences.com

REAL ESTATE MARKET REPORT

Paia Home Sales

As of October 31, 2008, there were 18 single family home sales in Paia year-to-date, compared to 19 sales this time last year.

Total dollar volume fell 24%.

The average price was $778,733, compared to $980,796 this time last year - down 20%

The median price for a home was $597,000 compared to $633,000 a year earlier - a decrease of 6%.

32 homes are currently listed for sale in Paia.

View the MLS at www.MauiResidences.com

The following is a list of recent Paia home sales listed in order of price.

Date

Price

Address

Home S.F.

Ohana S.F.

Acres

9/03/08

$745,000

33 Hoe Street

1,685

n/a

.16

7/11/08

$900,000

36 Kai Place

1,375

n/a

.25

6/06/08

$1,035,000

2474 Waipua Street

2,800

n/a

.22

8/22/08

$1,200,000

742 Hana Hwy

2,155

n/a

1.35

10/03/08

$2,250,000

55 Makahiki

2,975

n/a

2

Upcountry Real Estate News

Volume 9

Laurelee Blanchard, Realtor

(808) 298-8544 (Direct)

Laurelee@MauiResidences.com

REAL ESTATE MARKET REPORT

Upcountry Home Sales

As of October 31, 2008, there were 30single family home sales in the Makawao/Olinda/Haliimaile district year-to-date, compared to 41 sales this time last year.

Total dollar volume was down 35%.

The average price was $525,014, compared to $592,110 this time last year - an 11% decrease.

The median price for a home was $487,500, compared to $576,000 a year earlier - down 15%

57 homes are currently listed for sale in Makawao.

View the MLS at http://websearch.ramaui.com/smartframe/search.php?dbid=dbid1155592598

The following is a list of recent home sales listed in order of price.

Date

Price

Address

Home S.F.

Ohana S.F.

Acres

7/25/2008

$585,000

1148 Aala Place

1,358

420

.17

9/01/2008

$650,000

10 Ai Street

1,872

500

.27

11/03/08

$689,000

1533 Piiholo Road

1,932

n/a

.64

8/14/2008

$810,000

2020 Olinda Road

1,000

n/a

2.75

1/30/2008

$850,000

610 Hoene Street

1,320

585

.64

11/12/2008

$925,000

78 Auoli Drive

4,315

n/a

.25

4/15/2008

$1,400,000

690 Olinda Road

2,643

n/a

2.00

KULA Real Estate News

Volume 10

Laurelee Blanchard, Realtor

(808) 298-8544 (Direct)

Laurelee@MauiResidences.com

REAL ESTATE MARKET REPORT

Kula Home Sales

As of October 31, 2008, there were 42 single family home sales in Kula year-to-date, compared to 62 sales this time last year.

Total dollar volume fell 23%.

The average price was $1,156,661, compared to $1,018,674 this time last year - up 14%.

The median price for a home was $903,675 compared with $764,000 a year earlier - an increase of 18%.

66 homes are currently listed for sale in Kula.

View the list at http://websearch.ramaui.com/smartframe/search.php?dbid=dbid1155592598

The following is a list of recent home sales listed in order of price.

Date

Price

Address

Home S.F.

Ohana S.F.

Acres

8/21/08

$875,000

35 Waiakoa Place

1,922

900

2.00

10/07/08

$950,000

501 Kekaulike

1,750

n/a

3.23

9/26/08

$1,020,000

1350 Naalae Road

1,723

n/a

2.07

7/31/08

$1,037,000

12 Kolokea Way

2,421

n/a

.51

6/10/08

$1,049,000

18 Kapalulu Place

2,550

n/a

.23

8/13/08

$1,050,000

1350 Naalae Road

1,723

n/a

2.07

6/20/08

$1,075,000

71 Holomakani Place

2,990

700

.74

6/13/08

$1,150,000

24 Ohelo Place

3,574

400

2.00

5/23/08

$1,225,000

65 Mano Drive

2,236

501

.36

9/20/08

$1,301,500

860 Holopuni Street

3,585

n/a

2.00

4/15/08

$1,400,000

3446 Omaopio Road

6,464

n/a

4.44

5/21/08

$4,500,000

100 Kamaole Road

2,785

700

9.66

HAIKU Real Estate News

Volume 17

Laurelee Blanchard, Realtor

(808) 298-8544 (Direct)

Laurelee@MauiResidences.com

REAL ESTATE MARKET REPORT

Haiku Home Sales

As of October 31, 2008, there were 46 single family home sales in Haiku year-to-date, compared to 54 sales this time last year.

Total dollar volume fell 19%.

The average price was $1,093,876, compared to $1,144,653 this time last year - down 4%

The median price for a home was $787,500 compared to $940,000 a year earlier - a decrease of 16%.

80 homes are currently listed for sale in Haiku.

View the list at www.MauiResidences.com!

The following is a list of recent Haiku home sales listed in order of price.

Date

Price

Address

Home S.F.

Ohana S.F.

Acres

10/08/08

$860,000

88 Hea'aula Place

1,856

384

2.01

10/13/08

$1,000,000

372 Puu Way

1,700

1,000

2.00

6/13/08

$1,029,000

383 N. Holokai Road

2,729

n/a

2.74

6/20/08

$1,050,000

1030 E. Kuiaha Road

2,500

728

2.01

8/05/08

$2,000,000

283 Waiama Way

2,949

n/a

2.00

8/14/08

$1,900,000

311 Waiama Way

2,534

n/a

2.00

8/06/08

$1,975,000

160 Door of Faith Road

2,826

n/a

2.08

11/06/08

$2,000,000

220 N. Holokai Road

3,879

988

2.00

8/06/08

$2,603,285

1950 Kaupakalua Road

1,033

n/a

38.74

Laurelee Blanchard, R(s)

Maui Island

Real Estate News

Volume 17

In this Issue:

Real Estate Market Statistics

Evaluating a Purchase Offer

Coldwell Banker Island Properties

1043 Makawao Avenue

Makawao, Maui, HI 96768

Phone:

(808) 298-8544

E-mail:

Laurelee@MauiResidences.com

We're on the Web!

www.mauiresidences.com

Real Estate Market Statistics

As of October 31, 2008, there were 786 home sales on Maui, compared to 972 a year ago - down 19%. The average sales price was $857,066, compared to $937,543 a year ago - a 9% decrease. The median price was $584,250, compared to $634,478 a year ago, an 8% decrease. Total dollar volume declined 26% during this twelve month period.

Click Here to See All MLS Listings

Evaluating a Purchase Offer

1. Buyer's financial situation

• Is the buyer qualified?
• What is the buyer's annual income and employment history?
• How much down payment and closing cost cash is available and what is the source?
• What type of financial debt does the buyer have? Car loans? Credit cards?

2. Financing method

• Is the loan type and interest rate realistic for current economic conditions?
• Is the length of time requested to obtain a loan realistic? 30-45 days is a typical time frame. It allows enough time to process papers, but also allows you to put the home back on the market promptly if things fall through.

3. Your costs

• How much does the buyer want you to contribute toward closing costs?
• What will your net proceeds be? Add up any points, taxes or fix-up expenses requested and deduct them from the contract price to determine if your final profit is what you need to make your move.

4. Your calendar

• Does the buyer's proposed settlement date give you enough time to select your next home and obtain financing?
• If you can't move to your next home promptly at settlement, can you rent back from the buyer?

5. Contingencies

• Must the buyer sell a home before buying yours? You may not have the time to wait while the buyer sells.
• What add-ons does the buyer want? Curtains, lawn equipment, swing sets? All of this can affect your final net proceeds, be used as bargaining chips, or both.

Search the MLS! http://websearch.ramaui.com/smartframe/search.php?dbid=dbid1155592598

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