A portion of every commission is donated to
The Surfrider Foundation Of Maui.
Barry Brown's Latest Blog:
Affordable Maui Energy Costs
(Posted: May 04, 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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“2012 STARTS OFF WITH A GREAT FIRST QUARTER” We’re happy to say that the real estate market in 2012 has begun with what promises to be a great year. Listing inventories have shrunk to more normal levels, and while prices are low, sales volume has picked up. Though there is a backlog of foreclosed properties, there are far fewer REOs (bank owned) and short sale listings coming on the market, and most are being quickly placed into escrow. Most experts have predicted that we’ve passed the bottom of the market and we should begin to see an upswing in sale prices sometime next year. Carol and I 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. We feel there’s been a quantum shift here in the Maui real estate market, and look forward to an even better year in 2012. Though you have to be right on it to get the best deals, some prices are still at 2000 levels, while the stock market is hovering around the 13000 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 March MLS stats (see below): “The pace of sales increased in March. Well priced properties are attracting multiple offers making for a quick sale. Inventories have declined 14-22% over the past 12 months in Residential and Condo classes. Many short sales and REO (bank owned) properties will need to be absorbed as sales before we can move ahead to a more normal marketplace. Mortgage Interest Rates have twitched upward just recently however are still near historic record lows which may help motivate would-be Buyers to go ahead and buy IF they can qualify.” 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 March 2012 UPDATE February 2012 |
Excerpt from Inside Lending Newsletter, Courtesy of Sharon Robinson, Senior Loan Officer, Guild Mortgage For the week of April 30, 2012 - Vol. 10, Issue 18 QUOTE OF THE WEEK..."Opportunity is missed by most people because it is dressed in overalls and looks like work." --Thomas Edison, American inventor INFO THAT HITS US WHERE WE LIVE...Those who continue to work the housing market are in fact seeing more opportunity. Thursday's Pending Home Sales rose in March to their highest level in almost two years when the looming expiration of the homebuyer tax credit was boosting sales. This National Association of Realtors (NAR) index is a measure of contracts signed for existing homes, which typically close a month or two out. It was UP a seasonally adjusted 4.1% for the month and UP a non-seasonally adjusted 10.8% from a year ago. Earlier in the week March New Home Sales came in at a 328,000 annual rate, greater than expected although down 7.1% for the month after February's sales were revised upward. Inventories dropped to a new record low. Even better, the median price of new homes sold was UP 6.3% versus a year ago and the average price UP 11.7%. The FHFA home price index for homes financed by conforming mortgages is UP 0.4% over a year ago, its largest gain since 2006-07. And for the 20 biggest metros, the Case-Shiller home price index was UP 0.2% in February, its first gain in 10 months. BUSINESS TIP OF THE WEEK...Don't let life's little annoyances get to you -- you'll waste energy and lose your positive attitude. Just remember, those petty aggravations are no big deal. >> Review of Last Week EARNINGS UP, STOCKS TOO... The broad S&P 500 market index enjoyed its best week in the last six, as the Dow also gained and the tech-heavy Nasdaq absolutely soared. Strong corporate earnings for Q1 were the driver, with tech heavies Apple and Amazon leading the way. Expedia and Chevron also beat expectations, although Exxon Mobil missed. The Fed left the Funds Rate at 0% to 0.25% and forecast that inflation for the next couple of years would not go beyond 2.0%. Hope they're right. On the down side, the Fed predicted long term GDP growth to be just 2.3% to 2.6%, not exactly a booming economy. The first estimate for Q1 GDP missed even that, coming in at a less than expected 2.2%. Durable goods orders were down a surprising 4.2% and initial jobless claims seem to be edging back to the 400,000 level. One ray of sunshine came Friday when final Michigan Consumer Sentiment for April went to 76.4 from its preliminary read of 75.7. For the week, the Dow ended UP 1.5%, at 13228; the S&P 500 closed UP 1.8%, to 1403; and the Nasdaq bolted UP 2.3%, to 3069. Bonds stayed on an even keel. The FOMC Statement pledging an "exceptionally low" Funds Rate through late 2014 and continued European worries were balanced by the strong corporate earnings that kept investors comfortable in riskier stocks. The FNMA 3.5% bond we watch finished the week UP .05, at $103.24. Freddie Mac's weekly Primary Mortgage Market Survey reported rates on fixed-rate mortgages averaged just above record lows. DID YOU KNOW?...The NAR reported that recent sellers typically sold their homes for 95% of the listing price, but 61% said they had lowered the asking price at least once. >> This Week's Forecast INFLATION, MANUFACTURING, JOBS...Monday gives us a read on the Fed's favorite inflation measure, Core PCE Prices, which leave out volatile food and energy. It's only expected up a tad, small comfort to those of us who eat and drive. Manufacturing growth should remain flat but positive by both Chicago PMI and ISM Index readings. Everyone is waiting for Friday's April Employment Report. Unfortunately, economists are forecasting only a modest gain of 162,000 Nonfarm Payrolls and that the Unemployment Rate will hold at a disappointing 8.2%. >> Federal Reserve Watch Forecasting Federal Reserve policy changes in coming months... Last week's policy statement coming out of the Fed meeting gave no indication they will start raising rates before their late 2014 target. Current Fed Funds Rate: 0%-0.25% |
Showers in Vicinity
81.0 F (27.0 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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