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| Issue 382 | June 29th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Reach Out and Touch the Water
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MarketOnce in a while an opportunity comes along that is so compelling that we feel confident in calling it a "No Brainer". Such an opportunity surfaced about a week or so ago, when it was announced very quietly that the developer was dropping prices at Kula 'I'o subdivision by approximately 30 to 35%. The price list on the website has not been updated, and is not yet available for public dissemination; however, call or e-mail us and we can tell you on an individual basis what the new prices are. Since the whisper campaign started activity at Kula 'I'o, several lots have gone under contract including one being bought by Ken and a partner for their future homes. Besides the price changes, they are now allowing the lots to be condominiumized. What this means is that you will be able to separate the lot in two legal entities, and sell off one half if you choose. If either living in Kula or building your own home is not your cup of tea, let us know, and we will do our best to find something else that will work better for you.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. Never before have we seen so many Canadian visitors coming during the Summer. As one person remarked, "I am here specifically to buy property". The combination of the strength in the Canadian dollar (trading at close to par), and prices of Maui properties being down 30% or more on average, have created the perfect storm in reverse.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for June 28th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 870 (349) | 229 (33) | 803 (106) | -16 |
| Condos | 1275 (240) | 259 (8) | 1074 (169) | +11 |
| Land | 574 (158) | 26 (7) | 133 (19) | +8 |
| Total | 2719 (747) | 514 (48) | 1110 (294) | +3 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Unique and Fabulous barely begins to describe this beautiful property upgraded with the horse lover in mind. Set on nearly two and a half magnificent acres, this light and bright home features panoramic ocean and pastoral views from every corner of the house. The home is artfully designed and beautifully arranged to take full advantage of the square footage. |
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High atop Maui Meadows with magnificent ocean, West Maui, Lanai, and Ma'alaea Bay views, this elegantly renovated three bedroom, three bath residence is ‘a must experience’. A serene, private, eagle’s nest location, allows for a lifestyle of peace & privacy on a 21,867 sq. ft. lot. |
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Custom home with unobstructed and panoramic Ka'anapali ocean views. Sold fully furnished. 3 Bedroom, 3.5 Bath has a large, private media room that could also be used as a 4th Bedroom. Marble, travertine and dark mahogany flooring, 3-zoned air conditioning, surround sound system and security system is in place. |
 106 Lanakila Place Kihei $370K (FS) |
Bank Owned. Great value for a house and cottage in North Kihei! This is a 3 bedroom / 2 bath main house and a 2 bedroom / 1 bath cottage that has been converted into 3 separate units. Vacant and easy to show. Needs some TLC.
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Bank Owned. Single family home in Wailuku Heights. Main living area upstairs and bedrooms are downstairs. Great views of the ocean/ Kahului Harbor. & Mount Haleakala. |
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 19 Puu Hale Street Ka'anapali $850K (FS) |
Ka'anapali's celebrity - owned retreat. This unique 3br/3ba/2 car garage home with bonus ocean view 1br/1ba guest suite features a huge pool, jacuzzi & outdoor shower in a private, lush tropical setting, plus lots of surprises like the Robert Lynn Nelson mosaic, sunken living room, game room, and intimate courtyard.
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This charming four bedroom home sits in cozy and gated Wailea Kai subdivision. Short walk to world-famous Keawakapu Beach. An enormous air conditioned great room includes the kitchen, the dining area and two distinct sitting/ conversation areas. The three skylights in the vaulted ceiling provide plenty of light. Walk out the double sliders to your large patio and swimming pool, perfect for entertaining or a family retreat. |
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Bank Owned. Best priced home in Wailea Pualani. Over $500K below the average price of two most recent sales in this subdivision. Beautiful mountain view and lushly landscaped. |
Ka'anapali Shores #101
Ka'anapali $1.395M (FS) |
Ocean front living at its best. Step out of your luxury 2 bd. 2 bath condo onto the sand of the world famous Ka'anapali Beach. Ocean front unit offers an almost 500 sq. ft. wrap around lanai. Kitchen completely remodeled and appliances have been upgraded. |
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Makena Surf B-102
Wailea $3.38M (FS) |
This spacious, remodeled unit sits only steps from an extraordinary sandy beach and offers the famous "Five Island View" along with the accompanying year-round sunsets. The travertine floors lead from the great room directly out to the large lanai with a beautiful Heliotrope providing privacy and shade. |
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Bank Owned. Beautiful 2 bedroom condo that was tastefully upgraded in 2003 and made into a home. Some of the upgrades include a custom crafted bathroom, solid cherry cabinets (with tambour panels and lazy susan's), top of the line new GE Profile appliances, recessed lighting, pergo flooring in the bedrooms and tile floors throughout. If you love to entertain, slide back both patio doors to extend your living area to the outside
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Fabulous vacation rentable property across from popular Kamaole Two Beach. Amenities include two pools and tennis court. Walk to resort activities and an assortment of shops and great restaurants.
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 Maui Gardens F-102 Kihei $189K (FS) |
A sunny lanai graces this charming one-bedroom flat. Pergo and tile flooring with carpet in the bedroom, new cabinets, and tons of closet space. Low maintenance fees for a complex offering pool, spa, bbq and tennis courts. |
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Bank Owned. 2 bd. 2 bath with ocean views. Quiet corner unit located on the 2nd floor of a small 4 unit building. |
 000 Hana Highway Haiku $395K (FS) |
Large ocean view lot located on Hana Hwy mauka of the Valley Isle Memorial Park. Seller financing available. |
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