Maui Real Estate Blog

Price Reduction on the Spreckelsville Oceanfront Estate

Private. Exotic. Oceanfront. Three words that summarize this spectacular oceanfront estate in Spreckeslville on Maui’s North Shore. This property consists of 3.4 acres of sprawling loans and beautifully landscaped lawns. There is a beautiful lagoon style pool with an adjoining waterfall and a smaller wading pool. A bali style gazebo is ideal for entertaining friends and guests by the pool. The home is as much a work of art as a domicile. Stunning views, spectacular woodwork, zen design elements, sumptuous bathrooms and an enormous and airy living room are some of the highlights of the home. Ocean sports enthusiasts will love the windsurfing and Stand Up Paddle Surf spot located right out back. Kiteboarding spots are just a short bike ride away. The ideal North Shore location is close to lots of other great beaches and surf breaks. The town of Paia and all of its great shops and restaurants are five minutes away. The shopping and amenities of Central Maui are also close by.

This Spreckelsville Oceanfront home is now offered at the reduced price of $9,800,000. It is a value at this price when you factor in the land, improvements and lifestyle offered through this one of a kind luxury home. You can take a virtual tour of the property to get a better sense of all that this home offers. Check out the 473 Laulea Listing Page for additional information and photos. Prequalified buyers may contact The Maui Real Estate Team to arrange a private tour of this spectacular Spreckelsville Oceanfront Estate.

Pete Jalbert

Maui Real Estate Blog

Spectacular Spreckelsville Staircases

I am a sucker for alliteration. I also love great woodwork and beautiful staircases. This post is a trifecta of all three. Here are three stunning staircases in our Spreckelsville Oceanfront Estate.

This home is part art, part domicile and is offered for sale for $10,500,000. Check out the Spreckelsville Oceanfront Estate Listing Page for more photos and additional details. Qualified buyers may contact The Maui Real Estate Team to discuss the property or to arrange an exclusive showing.

Pete Jalbert

Maui Real Estate Blog

2011 Paia Real Estate Statistics

It is almost February, but I still wanted to take a look back at how some of the individual communities on Maui performed in 2011. I thought no better place to start than our own back yard, the Paia Real Estate market. The Paia market ranges from modest entry level homes to beautiful oceanfront estates. We saw activity in all segments of the market in 2011. I have included the sales numbers below as well as a few thoughts on the market.

There were 26 homes sold in Paia during 2011 at a median price of $597,000. That compares to 23 homes sold in Paia during 2010 at a median price of $590,000**. That translates to a 13% increase in volume and a 1% increase in median.

Of the 26 homes sold, four were short sales and five were bank owned properties. That equates to roughly 35% of the total sales. By comparison, there was one bank owned property and three short sales in Paia during 2010. That translates to roughly 17% of the sales for the year. By simple math, there was just over double the activity in the bank owned and short sale market in 2011 when comparing the two years.

Here are a few other notes about the Paia area 2011 real estate sales. The Paia stats includes the high end Spreckelsville neighborhood. There were seven homes sold in Spreckelsville in 2011. That compares to three sales in Spreckelsville in 2010. That is a 133% increase in activity for the Spreckelsville Real Estate market.

There were a total of four oceanfront sales in the Paia area in 2011. Two of the oceanfront sales were in Spreckelsville and two were in the Kuau area. That compares to two sales in 2010. That is a 100% increase in sales activity along the beach and oceanfront in the Paia area.

In 2011, the Paia real estate market saw the highest ever sale along Maui’s North Shore. A beautiful oceanfront estate in Spreckelsville with an acre of land and two homes sold for $9,650,000. On the other end of the spectrum, there was a 500 square foot residential condo in Kuau that sold as a short sale for $168,000. That was the lowest priced sale we have seen in Paia going all the way back to 1999.

Overall, the numbers show that the Paia Real Estate market saw improvements over 2010. The 13% increase in home sales was a little better than the 10% increase for home sales throughout Maui County. The increase in median offers little for determining changes in values. The small sample size plays a factor. The increased activity on the high end of the market is also providing an upwards pull on the median. I would expect to see a similar performance for the Paia Real Estate Market in 2012 barring any big changes in the overall economic picture. If you are interested in purchasing a home in Maui’s quirky North Shore Beach town, you can browse the current inventory of Paia Real Estate listings on MauiRealEstate.com. You may also contact The Maui Real Estate Team directly for additional assistance buying or selling Paia property.

**2010 figures include two sales that were not reported on the Maui MLS that did not involve Realtors.

Pete Jalbert