Category Archives: Maui Real Estate

Showcase Properties

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Aloha and Welcome to Peter Gelsey’s home page.
Peter specializes in South Maui real estate including resorts, condos, homes and land sales. His focus is customer satisfaction — providing excellent, responsive service to buyers and sellers of Wailea-Makena, Kihei, and Maui Meadows properties. The menu buttons above give you 4 ways to search property, as well as more information about Peter, Maui, mortgage and financial data, hotels, Wailea/Makena maps and site plans, as well as a convenient email link to ask Peter a question if you don’t have time to go through the site. Internet inquiries are answered on the same day in most cases. Call or email today for a free Wailea property tour or with any other questions, peter@petergelsey.com or (808) 344-8000.  

Showcase Properties

Kai Ani (near post office Kihei)

$470,000
Wailea Ekahi, stones throw to beach

$1,099,000
Makena oceanview executive home

$10,900,000
Maui Meadows estate with cottage

$1,750,000
Wailea Ekahi oceanview condo

$990,000
Makena Landing – Papaanui

$1,600,000
Wailea Kaimalu oceanview townhome

$1,595,000
Wailea Fairway Villas condo

$548,000
Wailea oceanview lot, ready to build

$995,000
Wailea Ekahi oceanview condo

$1,195,000
Kai Ani (central Kihei)

$499,000
Wailea Beach Villas

$6.9 million or make offer

Click here to search all Maui MLS listings

To see all current Maui Meadows listings, please click the “Maui MLS Search” button above, and choose Maui Meadows as the “District” to search.

To see all current Wailea/Makena listings by area, click the “Listings by Area” button above and select Wailea homes for example.

To see them by price, click the “Maui MLS Search” button above and choose Wailea/Makena as the “District” to search.

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Woke entitled Maui folk

Aloha Maui people — for a while now, perhaps concurrently with the corona crisis, there have been a lot of allegations of “woke” folk and accusations of “entitled” people lording it over the populace.   If you are like me you may have been mystified — where did that come from, why am I “woke”, what does that even mean, and who the hell says I am entitled — what does that even mean?

 

Now our friends at a reputable British publication has put it all into perspective, and it turns out it is not us Americans, it is actually the nefarious Swedish and other populations who started all this mud-slinging.   Read on for further elucidation.   This answers so many questions:

 

Grievance culture

Global pandemic

The “woke mind virus” did not start in America

Courtesy Economist magazine 4/15/23

 

Where did woke ideas start to spread?

A new paper suggests the phenomenon may be global—not American

First-year student Adeline Harrell’s backpack is covered in buttons with messages as it sits at her feet during class, at New College of Florida, Thursday, March 2, 2023, in Sarasota, Fla. The academic freedom that allows students to design individualized majors is mirrored by a student body that feels free to express itself, say students and faculty, who describe New College as a haven for brainy kids who are high-achieving and intellectually curious.

 

“Team america: world police”, a comedy puppet film, pokes fun at American self-importance. The theme song boasts of the things the country has created: McDonald’s, the nfl and rock-and-roll; also, less plausibly, liberty, Christmas and books. New work by David Rozado of Te Pukenga–New Zealand Institute of Skills and Technology suggests something else that Americans did not invent: the “woke” phenomenon.

 

The term refers to a loose constellation of ideas that have changed how educated, left-leaning folk view the world. It says all disparities between racial groups are proof of structural racism; that norms of free speech, individualism and universalism are camouflage for discrimination; and that injustice will persist until systems of privilege are dismantled. The conventional wisdom says that woke ideas began in the social-science departments of American universities, migrated to the country’s newspapers and spread elsewhere.

 

This was always a partial story. The godfathers of woke ideas, including Michel Foucault and Jacques Derrida, philosophers who argued all social relations were really about power, were based largely in France. Mr Rozado’s new paper takes things further. He analyses 98m news articles, tracking words such as “transphobic”, “racist” and “sexist”. The phenomenon, it seems, did not begin in America (see chart). Countries such as Australia, Canada and Sweden in fact led the charge.

 

Why did America lag behind? Maybe genuine prejudice suddenly became worse outside America, though this seems unlikely. Another possibility relates to the economy. America’s recovery from the global financial crisis of 2007-09 was faster than elsewhere. Anger at the system may have been more acute in other places. A third possibility concerns politics. America has historically been less receptive to left-wing ideas. It is perhaps no surprise that woke ideas were slower to take hold.

 

Researchers will have quibbles with the methodology: it is hard to rigorously quantify something as slippery as wokeness. Nonetheless, the phenomenon is undoubtedly global. Wherever you go, it is hard to escape social-justice warriors. World police, indeed. ■

reprinted Courtesy Economist magazine 4/15/23

 

Slowdown in Maui homes and condo sales due to mortgage rate hikes

Housing Market Momentum Stalls as Critical Spring Season Approaches; Rising interest rates squeeze affordability, drive mortgage applications to lowest levels in decades

A continued slowdown in housing sales this spring could ripple through real estate-related industries, including sales of furniture and appliances.

Rising mortgage ratesare cooling the U.S. housing market, sapping recent buyer interest heading into the crucial spring selling season.

Economists, home builders and real-estate agents sawevidence of a thaw in early 2023, when rates declined from over 7% in November to 6.09% in early February. That was enough to lure back some buyers who had adjusted to higher borrowing costs.

Home builders and sellers enticed buyers with concessions such as temporary rate buydowns to make purchasing more affordable. Prices had alsoslid from their springtime highs in most markets.

But stronger-than-expected economic data in recent weeks has strengthened expectations that the Federal Reserve will stick to its path of raising short-term interest rates in an effort to cool inflation, which could keep borrowing costs higher for longer.
Mortgage rates have moved higher for four straight weeks to 6.65% as of March 2, their highest level since early November, according to Freddie Mac. Mortgage applications from home buyers, meanwhile, slid during the week ended Feb. 24 to the lowest level in 28 years on a seasonally adjusted basis, according to the Mortgage Bankers Association.

Higher borrowing costs are again squeezing affordability. A mortgage rate increase from 6.4% to 7.4% would have the same effect on affordability as a 10% increase in home prices, according to an analysis by First American Financial Corp.

“Buyers are starting to step back,” said Glenn Kelman, chief executive of real-estate brokerage Redfin Corp. “I have never seen home buyers more rate sensitive in my 17 years of running this company.”

The spring is typically the most important season for the housing market, with about 40% of existing-home sales for the year typically occurring from March through June, according to the National Association of Realtors. These months are especially active in part because families with children want to move into new homes before the start of the school year.

If mortgage rates retreat toward 6% again, that might be enough to attract some buyers back to the housing market, especially if the economy doesn’t enter a recession.

But a continued slowdown in sales this spring could ripple through real estate-related industries. It would likely weigh on spending for items such as furniture and appliances. It could also reduce revenues for real-estate brokerages, mortgage lenders and other related businesses.

“The housing market had this false hope that was being borne with rates going back to 6%,” said Doug Duncan, chief economist at Fannie Mae. “We were a little surprised that there was as much of a pickup as there was, but now we think it will be given back.”

Home-sales activity ground to a halt in late 2022, as mortgage rates hit the highest level in two decades in October and November. Buyers werepriced out or nervous about buying at the peak of the market. Homeowners who had locked in low mortgage rates in 2020 and 2021 wereunwilling to list their homes for sale. The number of existing-home sales plunged 36.9% from January 2022 to January 2023.

The scarcity of new listings was a big reason for the housing slump last year, and many prospective home sellers are still staying put. The total inventory of homes for sale is up from a year ago because homes are sitting on the market longer, but new listings in the four weeks ended Feb. 26 fell 20.3% from a year earlier, according to Redfin.

The lower-than-normal inventory is continuing to spark bidding wars for desirable homes, real-estate agents say. But buyers are less willing to offer big premiums above the listing price or other concessions like they were during the frenzied spring markets of 2021 and 2022.

“The people that are buying now are much more cautious and are paying more attention than the people that were buying last year,” said Brianna Morant, a real-estate agent in Nashville, Tenn.

Mellissa and Bruno Fernandes of Charlotte, N.C., plan to sell their home and buy a new one this spring. They want to move to a different neighborhood in the Charlotte area before their 4-year-old enters kindergarten, and Mrs. Fernandes wants to be closer to her job.

They plan to list their home for sale for about $690,000, which would be more than 60% above what they paid for it in 2015. They started house hunting last year but were turned off by the dearth of homes to choose from and the highly competitive market. They are hopeful this spring will bring more opportunity.

“Now it feels like the market’s just opening up,” Mrs. Fernandes said.

While high interest rates are likely to frighten off some potential sellers who locked in low rates, real-estate agents still expect inventory to rise this spring. Some homeowners have to move because of changing life circumstances, such as job relocations or divorces. And even with prices falling in some markets, many people can still sell their homes for well above what they initially paid and put the profits toward a new purchase.

Chase Youngman and Jessica Laury had an offer accepted in February for a two-bedroom condo in a suburb of Atlanta. But because there is a tenant living in the unit, they won’t close on the purchase until June, and they haven’t yet locked in an interest rate.

“It feels more likely than not that rates will continue to rise,” said Mr. Youngman, who is 25.

They expect to follow through with the purchase even if rates increase, he said, because their monthly payments would be similar if they rented instead, and they want to start building equity. The couple plans to use an adjustable-rate mortgage that carries a lower interest rate in the first five years of the loan.

“We definitively plan on refinancing as soon as we can,” Mr. Youngman said.

Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved.
abstract courtesy WSJ 3/6/23

 

Peter Gelsey
Wailea Makena Real Estate, Inc.
www.petergelsey.com
direct (808) 344-8000
email peter@petergelsey.com
RB-19156 RB-19157

 

 

 

Kihei real estate Peter Gelsey

Maui Wailea homes and condos

 

 

 

 

Maui venison for food security – an abundant resource on Maui

Aloha Maui visitors, I wanted to repost some fascinating ideas re venison from the local nextdoor social media site.   Maui has an overabundance of “Axis deer” which are considered an invasive species because they eat all the fodder and grass that Maui Cows normally need.  Sadly, the state and County have authorized “culling” which nobody likes.   Now the idea has surfaced, why not just eat the deer, to contribute to Maui’s food self-sufficiency?    They breed like jackrabbits and rather than kill them randomly, why not humanely develop a local venison industry with national safeguards and protections.   Here are some local Maui people’s ideas how to eat this delicious and abundant resource.   Bear in mind if North Korea attacks or WW3 breaks out this may be our only meat option for a while so it behooves us to get with the program and make this work if we can:

 

Kean Salzer

KULA • 2 days ago

Having Maui venison meatloaf tonight.  I wish all meat eaters were.

Posted in General to Anyone

15 Comments

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Kaleo Henriques

Kaleo Henriques

  • Makawao, HI

I had that Monday night and deer cheeseburgers over the weekend

2 days ago

 

Desiree Maher

Desiree Maher

  • Polipoli Road

I made venison marinara for my family and venison stew last week.

2 days ago

Barbara Luke

Barbara Luke

  • Makawao, HI

 

Made delicious deer teriyaki fresh off the grill recently.

2 days ago

Christopher Enochs

Christopher Enochs

  • Central Kihei

 

Where can we buy venison???

2 days ago

Kay Kolbo

Kay Kolbo

  • Maui Meadows

Christopher

right!???

1 day ago

burt sato

burt sato

  • Makawao, HI

 

I defrosting some burgers, i never had venison meatloaf before …I been eating maui’s deer me whole life…yummmmy….Pretty soon gotta start learning how for eat ducks<<<(edited)

1d

Gabriel Wallace

Gabriel Wallace

  • Makawao, HI

My sons favorite Osso bucco with deer or lamb. Ribs, steaks and burger always good.

1 day ago

Makana Jaynes

Makana Jaynes

  • Maui Meadows

Where can I get some?

1 day ago

Suzie Dorn

Suzie Dorn

  • Central Kihei

I’m vegan 🌱

1 day ago

Beth A.

Beth A.

  • Makawao, HI

Where do you get your venison, Keen?

 

1 day ago

Brandy Romano

Brandy Romano

  • Makawao, HI

https://mauinuivenison.com/   They source the wild axis deer here on Maui that are invasive.  You can buy in person at Ulupalakua Store and a couple other places on island.  You can also order the Kama’aina box online that they do for a variety of cuts at a cheaper price for locals.

1 day ago

 

Steve R.

Steve R.

  • Kai Nana

We hunt and eat local axis deer meat several times a week. It is excellent, not gamey tasting, very low fat, no added hormones, antibiotics or chemicals.  Such a valuable resource that is largely being underutilized and us viewed by some as exclusively a problem.  In my view, the deer are both a problem and an important resource for both food and recreational hunting.  The harvest opportunities are somewhat hampered by lack of public access.

1 day ago

Cheryl Sindell

Cheryl Sindell

  • KULA

It would make sense if this local venison that has eaten from the wild made readily available in stores and restaurants on Maui. Instead, people are buying factory fed animals fed GMO grain. The only 2 restaurants I know of serving venison are the grill, near the winery in Kula and Colleens in Haiku. What might we do to expand our options? 🌸🌈🌴💕

21 hr ago

Brandy Romano

Brandy Romano

  • Makawao, HI

Cheryl Sindell

 

Maui Nui Venison has been working on it for a few years.  It has taken them a while to find a legal way to process wild game for sale in Hawaii.  I know at first they were having to ship it to California to have it processed legally there.  I think they are able to do it on island now.  I think you can buy venison burgers at the Ulupalakua Store as well as some meat to bring home and cook yourself.

19 hr ago

Dani Nuesca

Dani Nuesca

  • Makawao, HI

 

Brah! venison chili with homemade Portuguese sausage! 😳🤗😋😘🤫👍🤙🏾

10 min ago

 

 

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