A portion of every commission is donated to
The Surfrider Foundation Of Maui.
Barry Brown's Latest Blog:
Alternative Energy Festival on Molokai
(Posted: January 06, 2012)
"Search all active MLS Maui County real estate listings in Hawaii -- That includes property listings for the islands of Lanai and Molokai. Be sure to try our convenient new feature, Search By Map to view all Hawaii homes, condos and vacant land real estate listings for all of Maui County. We have all the Short Sale and REO (bank owned, foreclosure) listings, plus an EXCLUSIVE LIST of properties in bankruptcy (chapter 7), which we can easliy email to you on request (click here).
You can also check out THIS WEEK'S NEW LISTINGS, Barry's MARKET UPDATE, New MLS Stats, Barry's Maui Foreclosures Blog and MORTGAGE UPDATE, to bring you up to date on the latest real estate trends and statistics.
Once you find a property you like be sure to click on "request info" and I will get back to you with property specifics. Contact me today for all your Maui real estate needs.
My 35 years experience, combined with our dedicated team, offers you the most personal, professional service available. We specialize in all Maui, Molokai and Lanai real estate, including homes, condos, land, and commercial property. From Lahaina to Kaanapali and Kapalua, from Kihei to Wailea and Makena, from Central Maui to the North Shore, Upcountry and all the way to Hana, and from Molokai to Lanai, we'll find the perfect investment for you, as we have for hundreds of clients worldwide."
My Featured Properties
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MELE KALIKIMAKA e HAO’ULI MAKAHIKI HOU! Carol and I send you our very best wishes this holiday season, and hope you have a wonderful new year. We are so grateful to have had a prosperous year in 2011—our sales are up nearly 50%--and we owe it all to you, our clients and friends, who have supported us and our efforts throughout the year. We believe we’ve turned a corner here in the Maui real estate market, and look forward to an even better year in 2012. For anyone still waiting for the bottom of the market, you’d better think twice, because no one rings a bell when that happens. Hindsight is always 20/20, and as I’ve said here before, real estate prices are still super low, in many cases at 2000 levels, while the stock market is topping out in the 12000 range. Being voted the ‘Best Island in the World’ for a decade, Maui is a safe bet for investors looking for great value, and second home buyers looking for perfect weather, warm & clear water, relaxed and safe lifestyle, and lots of cultural and fun events and venues. Here’s what our Realtors Association of Maui Executive Director, Terry Tolman, has to say about our November MLS stats (see below): It’s always hard to determine which homes are condos are the best buys, but we’re here to help you achieve your goal of finding your dream home or condo on Maui. Our motto is “Service is Everything”, so just say the word and we’ll send you the most comprehensive information possible, enabling you to make a confident decision on the best property for your needs. Bottom line: If you want to buy low and sell high, don’t wait any longer for the lowest prices--the right time to find your Maui dream home or condo is now. We look forward to hearing from you soon! Aloha, Barry and Carol Barry and Carol Brown, RE/MAX Resort Realty December 2011 UPDATE July 17, 2010 - Maui News "Economist: Real estate at low; hard times gone" November 2011 |
Inside Lending Newsletter excerpt courtesy of Sharon Robinson, Senior Loan Officer, Guild Mortgage Happy New Year! Market Update for the week of December 27, 2011 - Vol. 9, Issue 52 QUOTE OF THE WEEK..."...never retreat, never retract...never admit a mistake."--Napoleon Bonaparte INFO THAT HITS US WHERE WE LIVE...Wisely, the National Association of Realtors (NAR) did not follow the diminutive Emperor's advice last week, admitting they uncovered some mistakes in the statistical model used to estimate national Existing Home Sales the past few years. They therefore had to revise those sales down 14%, to a 4.42 million annual rate in November. Nevertheless, Existing Home sales were UP 4% for the month and UP 12% versus a year ago. And the inventory is down 18% versus last year, now at a 7 months' supply! In line with that, Housing Starts were UP 9.3% for November and UP 24.3% versus a year ago, while Building Permits were UP 5.7% for the month. November New Home Sales came in Friday UP 1.6%, with the supply dropping to 6 months, its lowest level since early 2006! The numbers of unsold new homes under construction and unsold completed new homes are also at or near record lows. The FHFA price index for homes financed by conforming mortgages was down just 0.2% in October and is down only 2.8% versus a year ago. BUSINESS TIP OF THE WEEK...Start on a goal right away. Get the momentum going by taking action immediately--flesh out the schedule, reserve important dates, get delivery commitments from others. >> Review of Last Week SANTA CAME EARLY...It was a little early for a "Santa Claus rally" (see below), but it sure seemed like the big man in red was giving Wall Street investors a nice holiday gift--to wit, a better than 3.5% weekly gain in stock prices, recouping the prior week's slide. Recent European worries were assuaged by improving German sentiment data, an encouraging Spanish bond auction and the European Central Bank's Long-term Refinancing Operation (LTRO), which promised greater stability in the region, at least for awhile. We also had better economic news on our side of the pond. Initial jobless claims dropped to 364,000, the lowest level since April 2008, and continuing claims dropped to 3.55 million, the lowest since September 2008. Durable Goods orders were up 3.8% in November, beating expectations. On the inflation front, Core PCE Prices were up just 0.1% in November and well within the Fed's target range, at 1.7% for the year. But Q3 GDP was revised down to a sobering 1.8%. For the week, the Dow ended UP 3.6%, at 12294; the S&P 500 shot UP 3.7%, to 1265; and the Nasdaq went UP 2.5%, to 2619. As stocks soared, it was a tough week in the bond market. The FNMA 3.5% bond we watch ended the week down .90, to $101.32. But national average fixed mortgage rates remained at or near their all-time record lows according to Freddie Mac's weekly survey. DID YOU KNOW?...A "Santa Claus rally" is a rise in stock prices that sometimes occurs the week after Christmas. It often anticipates the "January Effect"--a rise in stock prices the first month of the year. >> This Week’s Forecast YEAR ENDING ON HOME SALES PENDING...Thursday's Pending Home Sales for November, indicating how actual sales might go the next few months, should be up slightly. December Consumer Confidence is also forecast up a bit, perhaps due to the slowly improving jobs picture, with weekly Initial Unemployment Claims predicted to remain below 400,000. The Chicago PMI, a bellwether for manufacturing overall, is expected to stay in expansion mode. Next Monday, January 2, 2012, the stock market will be closed in observance of New Year's Day. May the coming year bring all the best to you and yours! Forecasting Federal Reserve policy changes in coming months...There are virtually no economists who expect the Fed to hike the Funds Rate any time in the near future. |
A Few Clouds
75.0 F (24.0 C)
DISCLAIMER: This weather reading is taken way up in the mountains above Kapalua. It's hotter and sunnier at the beach--Sorry!
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Barry Lee Brown (R)
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