Real Estate Maui Hawaii Blog

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New Gastropub Open in Wailea

Wailea is a place for those who enjoy the finer things, including the innovative Pint & Cork gastropub.
June 24, 2016

New Gastropub Open in Wailea

A brand new gastropub, The Pint & Cork, has just opened at The Shops at Wailea here in South Maui. Its menu will feature an innovative selection of craft beers, cocktails and upscale bar cuisine that should attract plenty of foodies from around the island, including visitors. Theirs is a convenient location for South Maui residents, and it will undoubtedly become a favorite spot for some.

The Pint & Cork is situated next to Rolex and across from Gucci in The Shops at Wailea, replacing the Japanese restaurant and sushi bar Kai Wailea. Its 27,000 square feet of floorspace includes an upstairs area for private parties and sporting events, and in July, it will open its patio area for some pleasant outdoor seating.

Although the space was previously a restaurant, renovations came with a $600,000 price tag. The design features exposed brick walls, a 40-foot soapstone bar and sixteen televisions that the sports fans are sure to appreciate.

The cuisine will cover a broad price range. For example, their mac and cheese with truffle oil is priced at $7.50, while on the other end of the spectrum, their ahi sandwiches are $19.50. Closer to the middle is their pork belly banh me sandwich at $16.50. Beverages include cocktails and beer, from about $5 to $13. According to co-owner Scott Pacer, their cocktails are made speakeasy style, meaning quietly, without the cacophony of blenders.

This is the very first Pint & Cork, but the owners plan to expand to neighboring islands and the Mainland. Those owners include Mark Baldwin, Chris Lowney, Mike Thomas and Scott Pacer.

This pub should be an interesting place to check out if you're in search of a new experience and new flavors. If you're a prospective Wailea home buyer who is just getting to know the area, you'll discover many quality establishments nearby, with a little exploration.

Save on a Maui Home with a Down Payment Assistance Program

Eligible buyers can save substantial sums through down payment assistance programs.
June 17, 2016

Save on a Maui Home with a Down Payment Assistance Program

Having trouble coming up with down payment for a Maui home as a first-time buyer? A recent report has revealed that U.S. home buyers can save an average of $17,766 through down payment assistance programs. According to RealtyTrac and Down Payment Resource, data was collected from no less than 2,477 such programs throughout the nation, along with public records on sales.

These programs could be very helpful to those residents who are struggling to compete with off-island buyers to be able to afford a home on Maui. According to the report, while using the U.S. median home price, the savings includes $5,965 on the down payment and 11,801 in savings on monthly house payments over the life of the loan. However, the savings depend on numerous factors, many of which are county specific.

Using public record sales data for single-family homes and condos, the study covered median-priced real estate in 513 counties throughout the nation. Interestingly, they found that Kauai County came up as No. 1 in the U.S. for the most money saved through these programs with a total of $80,148 saved on average over the life of the loan. The next highest savings came up in Placer County, California, with $78,539. San Francisco County came in third with $77,411 saved on average.

Some programs involve what they call a "silent" second mortgage that is not disclosed to the original lender, with help directly from the seller of the property in order to close the sale. The following statement from Daren Blomquist, senior vice president at RealtyTrac, sums up the challenges that have given rise to these programs.

“Saving for a down payment can be difficult for prospective first-time home buyers given the absence of substantial wage growth in recent years combined with the burden of student loan debt many are struggling under. Even just a 3 percent down payment requires 14 percent of annual wages on average across the 513 counties we analyzed, and in 67 counties a 3 percent down payment requires more than one-fifth of annual wages.”

If you're a first-time home buyer and you need a little help with your down payment, these programs are worth looking into in case they apply to your situation. As for your Maui real estate search, we're happy to assist you in any way we can. You'll find our contact information at the bottom of the page. Mahalo!

Maui Real Estate Statistics for May 2016

Maui home prices up in May, condo prices down.
June 10, 2016

Maui Real Estate Statistics for May 2016

The Maui real estate market statistics are in for the month of May, revealing an increase in the median price of single-family homes and a decline in the median condominium price, compared to the same month last year. The Realtors Association of Maui compiles and releases these reports every month so that we can all stay on top of market trends here in Maui County.

According to the report, the median sales price for a single-family home in Maui county was $620,000, up 2.1 percent from $607,098 in May of last year. In the midst of the price increase, the number of homes that sold also went up. There were 93 home sales in May, which was a 5.7 percent increase from the 88 that sold in May of 2015.

As for condos, the median sales price actually fell 7.8 percent to $423,500 from $459,500 in May of last year. At the same time, there was an unsurprising 7.3 percent increase in the number of condos sold, for a total of 118 units, compared to 110 units in May of last year.

The breakdown of sales included one home sold on Lanai and one condo sold on Molokai. Both of these islands are part of Maui County, although their share of the market is generally limited to a few sales in a given month at the most.

Considering home and condo sales are up, you can get an idea of the confidence that real estate investors have in the Maui market. That's because a bigger share of Maui real estate sales goes to off-island buyers than to local residents. This is worth keeping in mind if you're on the fence about buying a Maui home or condo. If you need assistance with any step of the process, you'll find our contact information at the bottom of the page. Mahalo!

Blogs for June 2016

New Gastropub Open in Wailea

Posted on June 24, 2016
New Gastropub Open in Wailea

A brand new gastropub, The Pint & Cork, has just opened at The Shops at Wailea here in South Maui. Its menu will feature an innovative selection of craft beers, cocktails and upscale bar cuisine that should attract plenty of foodies from around the… Continue Reading

Save on a Maui Home with a Down Payment Assistance Program

Posted on June 17, 2016
Save on a Maui Home with a Down Payment Assistance Program

Having trouble coming up with down payment for a Maui home as a first-time buyer? A recent report has revealed that U.S. home buyers can save an average of $17,766 through down payment assistance programs. According to RealtyTrac… Continue Reading

Maui Real Estate Statistics for May 2016

Posted on June 10, 2016
Maui Real Estate Statistics for May 2016

The Maui real estate market statistics are in for the month of May, revealing an increase in the median price of single-family homes and a decline in the median condominium price, compared to the same month last year. The Realtors Association of… Continue Reading

Maui Winners of Top 100 Al Fresco Dining List

Posted on June 03, 2016
Maui Winners of Top 100 Al Fresco Dining List


Photo Provided by Duke's Beach House Maui: www.dukesmaui.com

Planning on living full time in a new Maui home? If you're going to live in one of the world's favorite vacation spots, you may as well take advantage of the features… Continue Reading

Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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