July 1, 2016
By: Fred V. Burgart (PB)
Frederick V. Burgart, Realtor
Aloha Papakea Owners & Future Owners,
Happy Fourth of July!! Hope everyone is enjoying
their summer. On Maui, the summer season is in full
swing now. Tourism seems busy as ever and the weather
couldn't be more perfect. The only negative thing we've
had lately was the fire on the hills starting at the
Ocean Center in Maalaea, then over the Pali, and then
burned over to the Lahaina Side of the Pali, burning all
the way down to the road. It's going to be a little
smelly for a while. All and all though, it's
looking like a great year for Maui. The annual owners
meeting is just around the corner on September 24th.
Look me up when you are here. Have a great summer.
2ND QUARTER & MID-YEAR SALES STATS
During the last 3 months we have had 8 closed sales,
brining us up to 11 closed sales for the first
half of the year. Last year at this time we had 7 sales,
so we're looking much better
than last year. And with another 4 units now pending
in escrow, we've got even more sales in the works.
Currently, there are 22 units offered for sale,
which is where inventory has been hovering. We'll see
how the rest of the year goes, but so far so good. Check
out the enclosed 'Papakea For Sale' insert. We've got
those oceanfront listings that have never been offered
for sale before. Another 'never before': we have no fee
simple units on the market for our largest one bedroom
JUNE BOARD MEETING
The Board of Director meeting was held on June 17thh in
the AOAO upstairs meeting room. The meeting is normally
a quiet meeting and it was as the Board passed a big
laundry list of policy revisions.
Highlights of the meeting were:
1)Seawall Update: The first phase of the project
is now completed. The seawall in front of 'L' building
is now repaired and with the new sod, looks great.
They've been working at the seawall in front of 'A'
building for the next phase of the project. Then they
are supposed to move to the Phase I shuffleboard court
2)BOARD OF DIRECTORS:
There are 2 Board of Directors openings to be voted on
in the upcoming Annual Owners Meeting.
3)FIRE WINDOW REPLACEMENT: 9 units
reportedly are done. Another 50 on order. The remaining
owners will be notified again.
The AOAO is waiting for the building permit to the
approved by the County of Maui.
I am down to 2 listings:
Ground floor studio: #E-108 @ $325,000 FS
Oceanfront one bedroom #F-109 @ $550,000 FS
Both are the lowest priced in their category and both
willing and ready to sell.
Have a great year!
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,