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Real Estate Maui Hawaii Blog


Real Estate Maui Hawaii Blog
Mark and Lisa bring you the latest on the Hawaii real estate market, events, fundraising benefits, news, sports, new island developments, tips to help you buy or sell a home and more. Subscribe to receive updates on our weekly blog today!
Aipono Wine and Sake Dinner
If this dinner doesn't make you a believer in the Maui culinary experience, nothing will!
September 26, 2014

'Aipono Wine & Sake Dinner

Move to MauiFor all you food and wine connoisseurs considering a move to Maui, the upcoming 'Aipono Wine & Sake Dinner is a testament to the quality of dining to be found here on the island. There are those who are so hooked on amazing food and drink that they have a hard time leaving their old stomping grounds because they are just so attached to their favorite restaurants. But the world is full of new adventures, and there's a new rainbow of flavors around every turn. Attend this dinner and you might just find that Maui's culinary scene has more than enough to keep you satisfied.

On Saturday, October 4th, the 'Aipono Wine & Sake Dinner will be hosted by Morimoto Maui. 'Ai means "to eat" and pono means "excellence," which should give you an idea of what to expect. The reception will be at 5:30 and the dinner at 6. This dinner series brings in the industry's top winemakers to 'Aipono Award-winning restaurants like Morimoto Maui. The experience is meant to be intimate, educational and stimulating. Winery owners and representatives will make personal appearances, and you will also see Advanced Sommelier Charles Fredy of Chambers & Chambers Wine Merchants.

As for the cuisine, Morimoto Maui emphasizes the finest ingredients as the key to their artful culinary expression. Their seafood comes from local waters, or it's flown in overnight from the best markets around the world, like Japan's Tsukiji Fish Market. You'll find there are more than a few advantages to preparing incredible food in Hawaii. Being closer to Japan than the continental U.S. is just one of them. Executive Chef Greg Harrison has planned out the menu for this event, which will feature nigiri sushi, grilled octopus, hamachi and wagyu beef carpaccio. To complement the meal, Charles Fredy will present exceptional wines from around the world.

The price of the meal at $150 is well worth the festive quality of the food and the experience. After all, you will get appetizers at the reception, before the five-course dinner. Also, $25 from each dinner will go to the Maui Culinary Academy, and students who are apprenticing under Maui's top chefs will be helping to prepare the dinners. Not only will you get to taste what Maui has to offer, but you'll be contributing to the future of culinary excellence on the island.

Care to attend and see if Maui cuisine meets your standards? Call (808) 243-4766. Morimoto Maui is located in Wailea. As South Maui real estate specialists we'd be remiss if we didn't also emphasize that fine cuisine is a normal part of life here in our favorite part of the island. As always, if you need assistance with your real estate search, you'll find our contact information at the bottom of the page. Mahalo!

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Grand Wailea Renovation
Good for South Maui hotels, good for South Maui real estate.
September 19, 2014

Grand Wailea Renovation

Wailea Real EstateThe Grand Wailea, a Waldorf Astoria Resort, is getting a $30 million renovation, which says something about how tourism is performing in the South Maui area. We already know that guests will pay more to stay at Wailea resorts than other areas of Maui, for the same reason that Wailea real estate is so valuable. Luxury, privacy, and stunning natural beauty are just a few of the draws to this special part of Maui.

The Grand Wailea renovations apply to guestroom interiors, meeting areas and pools. The work is scheduled to be complete in early 2015, and it's the first renovation since 2009. Of course the hotel will be fully operational during the renovations, and since most of it will take place inside the rooms, the guests won't see much of it.

From a real estate specialist standpoint, work like this is a good sign for the economy, and good for real estate sales. How? Countless Maui home owners were once vacationers who fell in love with the place, which wouldn't have happened if they didn't enjoy their overall experience, and that includes the quality of their accommodations. Hotels serve their own economic purpose, but they are also an example of the ways one can enjoy the time spent in any given place. Wailea Hotels do a great job at that, in general.

It will be interesting to see the quality of the renovations as well. Robert Barry of Los Angeles-based Barry Design Associates will be redesigning the rooms, which is a great fit, considering Barry Design was the resort's original interior designer. Time will tell what new tricks they have up their sleeves as far as making guests feel comfortable and pampered. We already know that they are replacing all the furniture, but there will also be more of a focus on sustainability with LED lighting and carpets made from recycled material, which is a step in the right direction. They are also installing pump equipment to reduce energy consumption in the pools.

Sustainability is a big theme in South Maui, and not just at the hotels. Solar energy and smart meters are growing more predominant over time, and this helps reduce the cost of living, making the area more appealing to prospective Maui home owners. If you are looking for the right real estate to meet your unique needs, you'll find our contact information at the bottom of the page. Mahalo!

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Big Gain in Maui Hotel Occupancy
Maui's occupancy spike led the state in the last week of August.
September 12, 2014

Big Gain in Maui Hotel Occupancy

South Maui Real Estate SpecialistsHawaii hotel occupancy was up 2.5 percent in the last week of August, according to a report by Hospitality Advisors LLC and STR Inc. What's interesting about it is that the gain was largely attributed to Maui's 8 percent spike in occupancy, which was a higher increase than the neighboring islands earned. Why does this matter to us as South Maui real estate specialists? The state's primary economic driver is the visitor industry, and its performance shapes Maui lifestyles in many ways. Also, if you're not familiar with the island, South Maui is a major vacation destination, and visitors become buyers all the time!

Although the 8 percent occupancy spike is specific to one particular week in August, it's still promising. The official strategy for Maui's visitor industry is to attract fewer guests who pay more, rather than the reverse. Maui hotel room rates are higher than the other islands, and occupancy tends to be lower. That's why Maui is generally considered a more exclusive vacation destination than the other islands.

The fact that Maui's occupancy made such a big jump that week was impressive considering the high hotel room rates, which also increased by 1.4 to $271.60 per night that week. The occupancy gain says a lot about the economy, based on how much vacationers can spend now compared to the recession. Just as luxury real estate sales fell in the recession, so did luxury vacation stays, but as we see them climb, it's a clear indicator of better economic conditions. That's why Maui's performance is so important.

The average statewide hotel room rate in the last week of August was $231.78, and occupancy was at 77.7 percent. Compare that to Maui's $271.60 rate with an occupancy that increased 7.7 percent to 73.9 percent. If you're wondering, these gains are calculated based on a comparison with the same week last year.

If you love South Maui, whether you live on the island or you discovered the area on vacation, we'd be happy to assist you in finding the right property to meet your needs. If you need us, you'll find our contact information at the bottom of the page. Mahalo! - By Mark Harbison

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Blogs for October 01, 2014

    Coldwell Banker Island Properties,
    Shops at Wailea, Suite B-35
    3750 Wailea Alanui * Kihei, HI 96753
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