Units 2003 and 601 have come to the market. 2003 is a west facing 1584 square foot two bedroom unit and is listed for $2.295 million. Unit 601 is a front row unit, also two bedrooms and 1558 square feet. This unit has had custom work done inside and is in excellent condition. It is listed for $4.2 million. Contact us for more information.

Penthouse unit 304, two bedrooms, 1978 square feet a broad ocean view and sold unfurnished has closed for $3.1 million or just under $1600 per square foot. The unit had been listed for $3.35 million and had been on the market approximately ninety days. For more information, contact us.

The Ritz Carlton Kapalua has made some modifications to their renovation plans .

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According to Dataquick, prices in Southern California crept higher in December, while unit sales remain very low.

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Today's Forbes.com, the magazine for the entrepreneur, lists ten keys to selling your home in 2007. Here are some key points from the article in Italics and some commentary from us.

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We are pleased to announce the listing of 100 Po'ailani Place in Wailea's newest development, Kanani Wailea. Kanani Wailea is being built by the same developers who built the Vintage on the Ka'anapali hillside. This complex of thirty eight residential condominiums sits on eight acres at the entrance to the Wailea Resort and will be gated as well as offering a pool, exercise and recreation area. Kanani Wailea is pet friendly and is expected to be completed in the late March or April time frame.The units come in three and four-bedroom configurations of between 1900 and 2300 interior square feet, almost all with ocean views, many of them spectacular! In addtion to the interior space, all the units have two car garages and large lanais. 100 Poailani is the BG-Nalu one story floorplan and boasts three bedrooms, an office, four full baths, granite counters, travertine floors, Wolf, Sub-Zero and Bosch appliances, volume ceilings, African mahogany doors and trim, Leicht cabinets, a huge cast iron bathtub, large lanai with automatic Sunscreen shades and excellent ocean views. This unit is listed for $2.3 million. Sean Crowley owns this unit.

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The proposed South Maui ambulance station is in the SMA process. The Draft EA and the SMA application have been completed and recently submitted to the County for review. Some Wailea residents have indicated a desire to assist in finding ways to raise funds for the construction of this station. Anyone interested in being part of the WCA's  Ambulance Fund Committee should contact the WCA office.  There will be a meeting of the new committee on January 16, 2007 at 2:00 p.m. in the WCA conference room.

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Wailea Point inventory currently stands at nine listings. Given that six units sold in 2006 and nine sold in 2005, on its face, that appears to be a "full" inventory. Here are some further things to think about: In the last two years the January-April time frame has been the essential selling season for Wailea Point. In 2005, of the nine units which sold, seven of them went under contract between January and April. In 2006, it was four of six, and another went in May. So the time for selling in Wailea Point is NOW and for the next four months. The one piece of good news is that the Wailea Point inventory today is relatively fresh. Of the nine listings, only three have been on the market more than 180 days and four have been on for a month or less.

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In the past two weeks, condominiums for sale in Wailea have increased from eighty-two to exactly 100. And judging by the meetings we have been having with clients, more will be coming in the next few weeks. This is not all that surprising given that the heavy selling season has commenced, but we have not yet seen a burst of buying from visitors to keep that inventory from swelling further. Of the 100 units for sale, just under half are in oceanfront complexes.

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Arnold Palmer, Jack Nicklaus, Tom Watson, Raymond Floyd and Gary Player have over forty, FORTY, major championships among them. You can see them all play at the Wailea Gold Course on Saturday and Sunday in the Wendy's Skins Game. Sure these gentlemen are somewhat past their peak, but how often does one get to watch a sports immortal up close, let alone five of them? Well, in Wailea? Every year.

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