Salsa Hawaii – Hot Hawaii Salsa

Residents of Kihei real estate will soon have access to more and better public facilities, making Kihei homes for sale more attractive to prospective buyers. According to a May 17, 2010 article from the Maui News, “A new Kihei high school, a second Wailuku elementary school, a replacement cafeteria at Paia Elementary and a bigger one at Lahainaluna High School are the Maui District’s big-ticket items moving forward soon, a top state Department of Education official said recently.” The piece by Chris Hamilton continued to say that “Parents, teachers and community leaders have said for years that enrollment in Central Maui has continued to increase unabated, and schools have become overcrowded as developers continue to build single-family homes and make plans for more…Despite the recession and sluggish economy, housing experts have not changed their predictions that Maui’s population will grow by almost 50 percent in the next 25 years.”

One continuing trouble spot for Kihei homes for sale and for the larger Maui real estate market is an increasing rate of foreclosures. According to a May 13, 2010 article from the Honolulu Star Bulletin, “Oahu remained well below the national rate of foreclosures in April, but the Big Island and Maui markets took large hits. There were 1,474 Hawaii properties that received foreclosure notices last month, according to RealtyTrac, an online foreclosure marketplace.” The piece by Gene Park went on to note that “Hawaii landed in 11^th place. The top five neighborhoods in the state with the most foreclosures were Kailua-Kona, Kihei, Ewa Beach, Lahaina and Waikoloa. Dinits said Waikoloa and Kihei foreclosures are due to a large number of owners who own second homes.”

One large piece of Makena-Kihei real estate, the Makena Resort, was recently put up for auction, according to a May 29, 2010 article from the Maui News. This article, written by Chris Hamilton, said that “In addition to the hotel, Makena Resort has valuable Maui County entitlements to build on undeveloped lands that would allow a future owner to subdivide the rural piece of oceanfront property in South Maui into up to 1,100 homes, apartments and condominiums…The conditions also require the construction of 400 off-site affordable homes in the Kihei-Makena district.”