The trend continues. In general, unit sales continue to be down considerably from a year ago while prices have flattened. In Wailea/Makena six condominium units sold compared to fifteen last October. Median sale price for the two periods was comparable at $2.2 million. In Kihei, 33 units sold compared to 55 last October. Median sale price was approximately 10% lower than a year ago.

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Council Member Charmaine Tavares defeated incumbent Alan Arakawa and will become Maui’s next Mayor.  Governor Linda Lingle easily won re-election. Maui County Council incumbents Joe Pontanilla (Kahului), Michelle Anderson (South Maui), Danny Mateo (Molokai), Ricki Hokama (Lanai), Jo Anne Johnson (West Maui) and Mike Molina (Makawao-Haiku-Paia) won re-election. They will be joined by new members Bill Madeiros (East Maui), Gladys Baisa (Upcountry) and Mike Victorino (Wailuku). Please join us in congratulating our new representatives.

By a vote of 8-0, the Maui County Council has passed Bill 57 which imposes strict new guidelines on future development. A brief synopsis of the bill:

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