Maui-Realty.com is dedicated to "The Papakea Beach Resort. We provide you with current condo/unit sales information which will help you with your purchase decisions. Please call and ask for Frederick V. Burgart, Realtor.

Thanks for visiting Maui-Realty!

Frederick V. Burgart, Realtor

P O Box 1921
Wailuku, Maui, Hawaii 96793

OFFICE: 1-(808)-242-7249
FAX: 1-(866)-451-2365
EMAIL:

Click on any of the options above to find the information you need. Or if you are interested in any other condo properties, I have full access to the complete MLS system. Please feel free to email me so I may provide you with the info you need.

Frederick V. Burgart,

FAIL (the browser should render some flash content, not this).

Papakea Beach Resort,
Latest Newsletter

PAPAKEA

ROUND-UP

January  1, 2015

By: Fred V. Burgart (PB)

Frederick V. Burgart, Realtor

Aloha Papakea Owners & Future Owners,

Happy New Year to all!!  I hope everyone enjoyed your Christmas & New Years. If you were here on Maui, the weather was less than spectacular for the start of the busy season. A couple of weather patterns passed thru creating cold Northwesterly winds, some heavy rain, cold nights in the  50s, and inconsistent sunny skies. Tourism seems to be holding up, the roads are full, and occupancies are looking strong for 2015. The Hawaii Tourism Authority hasn't put out any complete 2014 numbers yet, so I'll have to let you know about that in my next newsletter. Looking forward to a fun and busy 2015. Hope you can make it to Maui. 

 

4th  QUARTER SALES & YEAR END SALES STATS

The 2014 year finished off with 2 closed sales in the last 3 months, bringing us up to 8 closed sales for the year. If you recall in 2013, we ended up with 19 closed sales, so we're ending up less than half the sales we had a year ago.

We currently have  20 units for sale. Our inventory has climbed recently after having very low inventory for most of the year. We do have 2 sales pending, so it looks like 2015 will see some improvement for sales activity at the Papakea. The lowest priced unit sold this year was gardenview two bedroom #H-103 @ $280,000 LH.  The highest priced unit sold was oceanfront two bedroom #L-202 @ $800,000 FS. Out  of the  8  sales we had, 6 were Fee Simple, only 2 were leasehold. Total sales volume was 3.7 million.

LAST BOARD MEETING OF THE YEAR

The end of the year Board of Director was held Dec 5th at the World Trade Center in Seattle, WA. Most of the owners on property listened to the meeting in the upstairs AOAO meeting room.

Highlights of the Annual Owners Meeting were:

1)Sadly to announce the sudden passing of AOAO treasurer, Barry Franzen. So, there is a BOD position open and the Board is going to look at other owners to step in for the vacancy.

2)Renovation Project Update: The project was supposed to be finished by late December. But if you are here on property, you will see they aren't done yet and will have to come back and finish up 'F' building after the busy season in April.

3)Sink Holes: If you are here on property, you will notice more sink holes on the oceanfront near the Phase I shuffleboard court. This is right next to where they fixed other sink holes.

4)Termite Tenting: Buildings 'E' & 'F' will be done this year in early May.

5)Resort Fee: More talk and discussion regarding the new 'Resort Fee' for guests and owners alike.

MY WEBSITE: if you are looking for updated information regarding Papakea, please search my website for all the latest info on sale,  listings, & cost of ownership.  You can always drop me a note for any questions you may have.

Aloha & Mahalo,

Fred