Kahoma Village Project

A new mixed housing development project has been proposed for the 22 acres just south of Lahaina Cannery Mall.

This area has recently been cleared and the new project – called Kahoma Village is proposing building 69 three- and four-bedroom single family dwellings, and 102 two- and three-bedroom multi family units in 17 structure round three parks of a total of 1.75 acres.

The multi family units will affordable housing, reserved for families making 80- 160% of the island median income.

The assessment has a estimated cost of $60 Million over a 4 year time frame, ground breaking is projected within 5 years.

The draft environment assessment has also been filed this month. The site plan from the project assessment is below.

***Information provided by Mauinow.com

Market Update*

Very LOW Interest Rates prevail, however they could creep up. All Buyers should get pre-approved before starting the home search and being faced with disappointment. More foreclosures and short sales are coming on the market but lender’s requirements are becoming more challenging. More hurdles and hoops to jump through…
SELLERS in order to be successful in selling your home be realistic on the sales price otherwise your property will sit on the market and become a stale listing. Be pro-active and get an appraisal, inspection, and survey done to encourage realistic offers from knowledgeable buyers. Be realistic on your sales price and get your property sold quickly and move onto a new beginning in your life. Don’t end up in foreclosure or a short sale.
Maui Sales for October 2012:
98 Single-family homes–Rose to 5-year high*
94 Condominiums
8 Land parcels
Inventory is down 18-21% from last year!!
For all your Real Estate needs contact me: #298-7719; Ciara@quamproperties.com