Here is a great article on why land in Maui, and Hawaii real estate in general, is such a great, stable investment in these uncertain economic times:
With home prices faltering nationwide, many are still waiting to see how much lower prices will go before 'taking the plunge.' While this may be a good approach for some, the savvy real estate investor knows right now is as good a time as any to take that plunge. Especially when dealing with homes in Maui! While it's true that real estate prices have taken a nose dive in many parts of the nation, land in Maui has proven to be highly resistant to the economic downturns of the 80's and 90's, as well as today. Why? Simple; The island of Maui is paradise, making real estate on Maui a delicious slice! Where else in the world can you find top ranked beaches, breath taking views, and wonderful people most everywhere you look?
Some may believe that real estate in Maui is a bit expensive, and, depending upon your definition, in some places it can be. However, this thought only appears when looking at some properties and their up front costs; look into their long term value (LTV) and you'll find even the "expensive" properties are a steal right now! After all, there is only so much inventory available on an island like Maui, with the best properties snapped up almost immediately, and the occasional diamonds in the rough obtained by discerning buyers.
You may be wondering, what exactly constitutes long term value? Well, there are quite a few variables that determines LTV with most, if not all, dependant on highly personal preferences. A few examples that come to mind:
- Maui property as a vacation home: If you're one of the millions that visit the islands every year, why not buy or build a vacation home in Maui for those times when you want to just "get away from it all?" As an added plus you can also use it as . . .
- An added revenue stream: When you're not vacationing in Maui, why not share your beautiful Maui vacation home with other individuals keen on experiencing paradise, while recouping some, if not all, of your home's initial cost! Once you're satisfied with your initial return on investment, you'll be in a prime position to use you Maui vacation home as . . .
- Your dream retirement home: When you're ready to slow down a bit and vacation on a full time basis, where better than the island of Maui to settle in and enjoy life!
Of course you may decide to purchase one or more investment properties on Maui during this time, and maybe you would like to get a bit of cash in hand for other things. Well, selling your property at the right time will typically net you a handsome ROI. As with all real estate markets, Maui has it's peaks and valleys, though the latter are typically more akin to gently rolling hills; prices usually dip slightly but stay steady during "cool" periods, while strongly rising when the market is "hot." This is especially true for the South, West, and Upcountry areas (as an example, property values for Upcountry Maui went up 2 months in a row, in both May and June of 2009, for a combined 11% increase!)
These are just a few of the many great reasons to purchase an investment property in Maui today; especially the incredibly priced 15800 Haleakala Hwy!
J. C. - Mauicc@Hotmail.com
BIG INCREASE in Maui Property Value
In keeping you up to date with the latest trends in the Upcountry Maui real estate market, I strive to bring you as much relevant information as possible. One source of well regarded information in the real estate market is the wonderful Zilllow.com. A web portal designed to give both buyers and sellers the most accurate market information as possible, there are many great tools and features available to those seeking information on buying or selling real estate nationwide. One of my favorite features is the Zillow Home Report.
A monthly wrap up of important statistics compiled by the experts at Zillow, these Home Reports contain many valuable valuation tools; 5 year trends, current range of value for a property, pricing changes for the last 30 days, and more!
While a few months back many of these statistics have been showing a slight, yet unfortunate, downward trend in the Maui real estate market, more recently things have been looking up! Especially for land in Maui at 15800 Haleakala Hwy.!
In the last 60 days, Zillow reports a nearly 12% INCREASE in property value for 15800 Haleakala Hwy.!!! That's an INCREASE in value of $67,500 for this spacious property in Upcountry Maui!!! All in the course of only 2 MONTHS! With this increase, Zillow now pegs the value of 15800 Haleakala Hwy. to be in the $716,000 price range. This is wonderful news for the smart buyer looking for prime land on Maui, as this property is currently listed for JUST $597,000! While the sellers realize their property is valuable beyond what they are asking, they are also motivated to move forward to other ventures and our therefore offering 15800 Haleakala Hwy. at a well discounted price.
So if you are shopping for a great place to build your dream home in Maui, or a wonderful piece of Hawaii investment property, look no further than this great parcel of Maui real estate.
If you are interested in purchasing 15800 Haleakala Hwy. do not hesitate to e-mail me, J.C. anytime at mauicc@hotmail.com
A monthly wrap up of important statistics compiled by the experts at Zillow, these Home Reports contain many valuable valuation tools; 5 year trends, current range of value for a property, pricing changes for the last 30 days, and more!
While a few months back many of these statistics have been showing a slight, yet unfortunate, downward trend in the Maui real estate market, more recently things have been looking up! Especially for land in Maui at 15800 Haleakala Hwy.!
In the last 60 days, Zillow reports a nearly 12% INCREASE in property value for 15800 Haleakala Hwy.!!! That's an INCREASE in value of $67,500 for this spacious property in Upcountry Maui!!! All in the course of only 2 MONTHS! With this increase, Zillow now pegs the value of 15800 Haleakala Hwy. to be in the $716,000 price range. This is wonderful news for the smart buyer looking for prime land on Maui, as this property is currently listed for JUST $597,000! While the sellers realize their property is valuable beyond what they are asking, they are also motivated to move forward to other ventures and our therefore offering 15800 Haleakala Hwy. at a well discounted price.
So if you are shopping for a great place to build your dream home in Maui, or a wonderful piece of Hawaii investment property, look no further than this great parcel of Maui real estate.
If you are interested in purchasing 15800 Haleakala Hwy. do not hesitate to e-mail me, J.C. anytime at mauicc@hotmail.com
A Beautiful Maui Property: 15800 Haleakala Hwy. - 2 Acres of Land in Maui
Land in Maui is a great thing. For the discerning home buyer, a property in Maui provides a blank canvas with which to paint one's dream home upon. For the savvy real estate investor, the right Maui property can be a great short or long term investment vehicle. For virtually anyone, a great piece of property on Maui is an asset which can only get better with time. Here we have that great piece of land on Maui:
15800 Haleakala Hwy. is a wonderful 2 acre parcel of land located on the slopes of Mt. Haleakala in Upcountry Maui. A great coast to coast view from Central to South Maui stretches across the horizon as your eyes take in the beauty of this Kula property. A huge amount of potential lies here; 1, 2, or perhaps even 3 moderate to mid-size Maui homes with generous amounts of yard space, or a gorgeous dream home with a single large outdoor recreational area! The possibilities are endless, and development is especially easy for an Upcountry Maui property as the essential residential water meter is already installed and has been in use in the small cottage on this piece of land for a few years now.
If you've been looking for a great parcel of land in Maui at a great price (a steal at only $597,000!) , look no further. Give Tracy or Jeremy Stice a call or e-mail at: 808.877.0025 or Tracy@SellDirt.com/Jeremy@Selldirt.com to purchase 15800 Haleakala Hwy. today!
Here's a few photos:
15800 Haleakala Hwy. is a wonderful 2 acre parcel of land located on the slopes of Mt. Haleakala in Upcountry Maui. A great coast to coast view from Central to South Maui stretches across the horizon as your eyes take in the beauty of this Kula property. A huge amount of potential lies here; 1, 2, or perhaps even 3 moderate to mid-size Maui homes with generous amounts of yard space, or a gorgeous dream home with a single large outdoor recreational area! The possibilities are endless, and development is especially easy for an Upcountry Maui property as the essential residential water meter is already installed and has been in use in the small cottage on this piece of land for a few years now.
If you've been looking for a great parcel of land in Maui at a great price (a steal at only $597,000!) , look no further. Give Tracy or Jeremy Stice a call or e-mail at: 808.877.0025 or Tracy@SellDirt.com/Jeremy@Selldirt.com to purchase 15800 Haleakala Hwy. today!
Here's a few photos:
Home looking towards the mountain
View of just a portion of the 2 acres
Zillow and Maui Real Estate
According to the rather helpful on-line real estate site Zillow.com, who packages data for homes nationwide into easy to read reports for sellers and buyers alike, this parcel of Maui real estate, as of this writing, has an estimated value (Zestimate in Zillow speak) of: $719,500 (see:
http://www.zillow.com/homedetails/charts/80326077_zpid,5years_chartDuration/)
Zillow creates their estimates based on a myriad of factors, from comparables to past solds as well as their own proprietary formulas, thereby creating, in my opinion, a reliable picture of the true worth of this Maui property (in fact, I believe 15800 Haleakala Hwy. is actually worth more than their estimate, due to the property's enormous potential). Take a look at the listing for 15800 Haleakala Hwy., and decide for yourself. Personally, I think $655k for this property is a steal, and if you do too, please contact me at mauicc@hotmail.com for more information!
http://www.zillow.com/homedetails/charts/80326077_zpid,5years_chartDuration/)
Zillow creates their estimates based on a myriad of factors, from comparables to past solds as well as their own proprietary formulas, thereby creating, in my opinion, a reliable picture of the true worth of this Maui property (in fact, I believe 15800 Haleakala Hwy. is actually worth more than their estimate, due to the property's enormous potential). Take a look at the listing for 15800 Haleakala Hwy., and decide for yourself. Personally, I think $655k for this property is a steal, and if you do too, please contact me at mauicc@hotmail.com for more information!
Maui Real Estate Post Roundup
For those who have just discovered my Maui real estate blog, here's a quick highlight of some of what's been posted thus far:
Maps to This Parcel of Maui Real Estate
If you're interested in seeing 15800 Haleakala Hwy. for yourself, feel free to drop by and say hi!
Here you'll find maps leading to this Maui property from Kihei, South Maui / Kahului, Central Maui / and Lahaina, West Maui.
So whether you're coming from your Kaanapali vacation rental, Wailea condo, or Wailuku home, these maps will make finding 15800 Haleakala Hwy. a quick and simple matter.
This Maui Real Estate Blog Now Available in Multiple Languages!
For all my international readers looking for a piece of Hawaii real estate, this blog is available in the following languages:
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Lire cette Hawaii Real Estate blog en français
اقرأ هذه العقارات هاواي بلوق باللغه العربية
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इस ब्लॉग पढ़ें हवाई भू सम्पत्ति हिन्दी मे
Water water water
Getting a water meter in Upcountry Maui has been an issue for many years. Typically, one would have to wait years to receive a water meter on their Kula property, thereby holding up the construction of their Upcountry Maui home. Thankfully, 15800 Haleakala Hwy. does not have this problem, as it's water meter has been operating for quite some time now!
These are just a few of the many great post on my Maui real estate blog; scroll down for even more information on 15800 Haleakala Hwy and Upcountry Maui in general!
And as always, if you have any questions about 15800 Haleakala Hwy. or the Island of Maui, feel free to e-mail me, J.C. at mauicc@hotmail.com
Another Beautiful Day . . .
A quick addendum to my previous Maui property post: Here's a small shot taken right down the road from 15800 Haleakala Hwy. on another great day in Hawaii:
(click to view the full image)
That feeling is in the air . . .
The long sunny days of summer are just about over, giving way to the long sunny days of winter! As many well know, the seasons on Maui meld seamlessly into one another with only a hint of change: a few more showers in Fall, a little more sun in Summer, a cooler breeze in Spring, small changes to an overall calm and enjoyable environment. So while many other places in the world are gearing up for wind chill and snowy weather, in Maui you get ready for another day of sun and sand! Right now the temperature at 15800 Haleakala Hwy. is hovering around a very comfortable mid 70's to low 80's, lush greenery gleaming under the sunny blue sky . . . just another typical day, be it fall, winter, summer, or spring, in Upcountry Maui!
So if you're already dreading the next six or so cold cold fall/winter months, look into a newMaui home at 15800 Haleakala Hwy. - just thinking about it will surely give you a warm and fuzzy feeling inside!
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