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In the last two weeks we have seen several important closings along the Maui oceanfront. Two beautiful homes in Makena sold for $19.9 and $17.5 million respectively. A front row Wailea Beach Villas sold for over $12 million. A double Wailea Point unit sold for just under $10 million.
Let's face it. People who own property in Maui's resort areas or on Maui's oceanfront are rich. No two ways about it. So are the folks who can consider purchasing second or third homes here. So research into that demographic is always interesting for us. The Economist recently released The New World of Wealth: Seven Key trends for investing, giving and spending among the very rich. In short here are the seven trends:
April's real estate results for Maui are in and they continue to argue that Maui has bottomed.
We are pleased to announce the sale of Palms at Wailea Unit 1510. This two-bedroom unit obtained a sale price of $975,000.
The first quarter results on Maui are in and the number shows explosive improvement over a year ago.
The 2010 Knight Frank/Citigroup Wealth Report contains some interesting tidbits.
Maui, for the first time since 2005 has seen back-to-back months of increasing tourism!. February visitors to Maui increased 7% over February 2009! The Western US numbers were up just under 7% and Canadian numbers were up 25%!
2010 Wailea Fairway Villas Real Estate Report Now Available!
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