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.

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Frederick V. Burgart, Realtor

P O Box 1921
Wailuku, Maui, Hawaii 96793

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

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Papakea Beach Resort,
Latest Newsletter

PAPAKEA

ROUND-UP

January 1, 2017

By: Fred V. Burgart (PB)

Frederick V. Burgart, Realtor

Aloha Papakea Owners & Future Owners,

Happy New Year!! I hope everyone enjoyed your Christmas and New Year's family time. Maui was packed as usual, but the weather was simply awful. Time and time again all the 'regulars' were commenting that is was the worst weather in a long time. (Last year they were saying it was the best ever!). Tourism is busy as ever and occupancies are looking stronger than ever. Year 2016 will be another record breaking high for tourism. Maui has made it's mark as the most desirable island in Hawaii and luckily we are here to enjoy it. Hope you can make it to Maui this year.

4TH QUARTER SALES AND YEAR END SALES STATS 

The 2016 year finished off with a blazing 8 closed sales in the last quarter, bringing us up to 26 closed sales for the year. In 2015, we ended up  with 15 closed sales, so we are beating last year by far. In 2014, just a couple of years ago we had just 8 sales for the whole year. The lowest priced sale was ocean view 1BR #E-109 @ $192,000 leasehold. The highest sale was oceanfront corner unit #F-408 @ $826,800 (FS). The 26 total sales volume was a little over 12 million dollars invested in Papakea.

We currently have 19 units for sale, which is where our inventory has been hovering. We do have 4 units now pending which will be our first sales for 2017. If you look at the apartments for sale insert, you'll see a few empty categories, and now a single studio being offered for sale. On the other hand, the ocean view 2BR category is loaded with 7 units for sale. We finally saw some oceanfront 1BR sales, with #F-105 selling at $620,000 (FS) a new high. The ocean view category remains the most popular.

I usually report on the December Board of Director meeting but the Board has decided to eliminate on of the Board meetings for the year.

The only real pending issue is the continuing emergency seawall repair which is in its final area near the Phase II shuffleboard courts. 'F' building is finally finished and the sod is being laid out to finish that section.

I started out the year with 7 listings and ended up selling most of them. This year I start out with my new listing, 2nd floor, oceanview 1BR #D-204 @ $489,000 (FS). It's the best buy out there for ocean view and tropical courtyard location.

Have a Prosperous 2017 year!

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


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