In testimony today in front of Congress, Fed Chairman Ben Bernanke said he sees threats to both economic growth and inflation.

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Many Canadians are considering buying real estate on Maui and, as such, have a series of questions we thought we'd address up from. In no particular order, here we go!

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As you may know, mortgage lender Indymac has been seized by banking regulators. This is the latest and most visible of the woes facing the mortgage market.

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We are pleased to announce the sale of Wailea Fairway Villas unit X-103. This three-bedroom townhouse is in immaculate condition with an upgraded kitchen. To discuss how the Leading Edge Marketing System can help sell your Maui real estate in this most difficult of markets, contact us! 

In June Wailea saw only five condominium closings. The surprisingly high median sale price of $1.75 million is a function of two of the five sales being in Wailea Beach Villas. The per square foot average, the better measure in our view, fell 13% from the 2007 average to $1,075. With nearly 180 condominiums for sale, inventory remains very high. Two homes sold in June for a median price of $1.3 million and a per square foot average of $602. Neither of those homes offered an ocean view. While it is always difficult to draw conclusions from only a few data points, it is clear the Wailea real estate market, like the overall Maui real estate market, is in retreat. For details, contact us!

The island of Maui remains quieter than usual at this time. There seem to be fewer tourists than is usual for early July and therefore the market for Maui real estate is similarly quiet. It isn't yet clear whether this is entirely a function of the airline bankruptcies and commensurate loss of lift or other factors. For details, contact us!

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The Wailea Community Association has released its latest construction update and here are the key items:

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