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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!
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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20th Anniversary of Maui Calls
The signature fundraising event for the Maui Arts & Cultural Center is coming up fast.
September 05, 2014

20th Anniversary of Maui Calls

Maui HomeWhen you're lucky enough to call an island like Maui home, you get the benefits of a strong sense of community and the support and enthusiasm that goes along with it. With that in mind, we'd like to highlight the upcoming benefit for the Maui Arts & Cultural Center (MACC) that is coming up on Saturday, September 27th. You have some time to get your tickets, but don't wait too long, because they sell out fast, and that's why we're posting about it now and not next week.

The MACC was created by the Maui community, for the Maui community, and it has been a major triumph as a forum for performances, shows, films, concerts, exhibits, and various events. And let's not forget the benefit that it has provided for our youth! You might consider it the ultimate place on Maui for creative expression, and that's saying a lot.

"Maui Calls 2014" is the annual benefit event for the MACC, and it will feature glamorous, fun festivities within this year's theme: "Celebrating the Music of Hawai'i." There will be an ongoing stream of beautiful music, and the grounds will be transformed by thematic décor, such as fresh flower leis. Guests will be provided with gourmet pupu (appetizers) and desserts from Maui's finest chefs and restaurants. There will also be fine wine tasting from about a dozen vintners and boutique wineries from California, Washington and Oregon.

This event is known for one of the best silent auctions on the island, boasting unique Maui items that aren't available at any other time. Then of course there is the live auction, featuring some really amazing items, including an African Safari and a stay in an over-water villa in Bora Bora. Then the night is finished off with dancing, and you'll discover just how few of the attendees are content with standing on the sidelines.

This particular celebration is expected to be even more festive than in recent years because it marks the 20th Anniversary of the event. If you want to attend, the benefit will be held on Saturday, September 27th from 6pm to 10pm. You can purchase your tickets by calling (808) 242-SHOW. Tickets are $175, and guests are limited to ages 21 and over.

If you need assistance with your Maui real estate search, you'll find our contact information at the bottom of the page. Mahalo! - By Mark Harbison

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Blogs for September 01, 2014

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