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Aloha ,
In this newsletter:
Short Sales
Homes
Condos
Land (0)
New Properties (0)
Price Reductions (0)
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Phenomenal Raw Beauty
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Market Update
Freddie Mac economists are staying optimistic with their predictions for the remainder of 2016 despite a gloomier first quarter than anticipated.
The unemployment rate is expected to drop back down below 5% as the labor market remains strong, causing modest wage gains above inflation.
Mortgage rates are expected to remain low, averaging around 4% for the rest of 2016. The continued low mortgage rates are forecasted to fuel a boost in loan originations reaching $1.7 billion.
Home prices will continue to rise by a predicted 4.8% for the remainder of 2016 and an additional 3.5% in 2017 leading to more equity gains for homeowners.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Our Coldwell Banker Shops at Wailea office won 2015 Number One Office Regionally in its size category, as well as the 2015 Premier Office Designation.
We would like to personally thank you for your business for we were awarded into The International Diamond Society Team for 2015.
Melissa Smith R (B), Ken Smith R (S)
Market Watch
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Active
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Pending
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Sold
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Change
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Homes
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546 (327)
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287 (47)
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1123 (191)
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-12 |
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Condos
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890 (215)
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260 (32)
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1201 (156)
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-3
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Land
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361 (123)
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36 (7)
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154 (22)
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+2 |
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Total
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1797 (665)
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583 (86)
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2478 (369)
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-13 |
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1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
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Homes Over $1M
676 B Kai Hele Ku Street
Lahaina
$1.199M (FS) |
Enjoy stunning 180 degree whitewater ocean and island views with year-round sunsets from this private home with pool and 3 car garage in one of Maui's most sought after neighborhoods. Custom features include a gourmet kitchen with granite countertops, gas range and stainless appliances.
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1860 Olinda Road
Makawao
$2.593M (FS) |
Captivating views astound from every room of this classic contemporary luxury family home. Featuring a fantastic floor plan with a grand master suite, well separated from the 3 other bedrooms & living areas. There is also an attached private suite, a detached 1 bed cottage and an adorable permitted gazebo.
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Homes Under $1M
125 Leoleo Street
Lahaina
$429.9K (FS) |
Bank Owned - Great fixer upper starter home in Lahaina for a large family or a great opportunity for an investor. This home has two units, a 3 bed, 2 bath and 2 bed, 1 bath. It is in a great Location just minutes away from schools, Puamana Beach Park and Lahaina town.
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 742 Paloma Street
Wailuku
$539K (FS) |
Newly remodeled, well maintained home in Waiehu Heights with a majestic ocean and Haleakala view. This home features 3 bedrooms and 2 baths with an open floor plan. There is a sunken living room, breakfast nook and vaulted ceilings.
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822 Aukai Street
Wailuku
$589K (FS) |
This home is perfectly placed with its large lot, on a cul-de-sac and amazing endless mountain views. The privacy of the home being tucked to the back of the lot provides an amazing country/forestry setting with plenty of room for a future detached ohana up front if desired.
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250 Dickenson Street
Lahaina
$675K (FS) |
Great location in downtown Lahaina across from Sacred Heart School and a two block walk to Front Street, all the shops and the ocean. Ride your bike with your surf board to Pioneer Inn and hit the surf. There are two separate units on this lots, apartment zoned.
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87 Anamuli Street
Kahului
$679K (FS) |
Live in the popular Na Hoku at Maui Lani neighborhood, part of the premier master planned Maui Lani Community. You'll feel at home in this large, 2-story, 4 bed, 3 bath with den/office area home. This house has smart home features including photovoltaic and remote control living features.
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11 Kualono Place
Kula
$699.5K (FS) |
Fabulous Kula buy with small ocean view. Beautifully fenced home for privacy with a great yard. Large open floor plan with vaulted ceilings, fireplace and huge bedrooms. Sweet deck for entertaining. Small storage house outside.
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Vacation Condos Over $1M
Vacation Condos Under $1M
Makani A Kai #A9
Maalaea
$321K (FS) |
This small complex has only 23 units on a beautiful sandy beach that goes for many miles. This 1 bedroom has tile flooring and an ocean view.
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Hale Kamaole #276
Kihei
$649.9K (FS) |
If you have been waiting for the best location at Hale Kamaole, you just found it. This 2 level, 2 bedroom has excellent ocean views and a town house feel. Hale Kamaole affords owners and renters a sense of community with its charcoal BBQ grills and conch shells blown at sunset each evening.
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Residential Condos
Kihei Villages #47-104
Kihei
$189.9K (FS) |
Bank Owned - Close to swimming, white sand beach and kayaking, approximately a 5 minute's walk away. Great location near the beach. Great opportunity to remodel and refinish this 2 bed, 1.5 bath ground floor unit with a fenced and gated yard.
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Maui Lani Terraces #F-202
Napili
$192.5K (FS) |
This is a nicely upgraded studio unit featuring new counters and backsplash, sinks, fixtures, refinished kitchen cabinets and hood, lighting, hardware and laminate flooring. Maui Lani amenities include a fitness room and nice pool area. Right in the heart of Honokowai, you can walk to the beach park for a swim, or out to dining and shopping.
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Sugar Cove #3B
Paia
$2.95M (FS) |
Located within the secluded enclave of Sugar Cove, this 3 bedroom, 3.5 bath townhouse sits front and center on four acres of landscaped beachfront property. The 2-story residence has a completely remodeled and redesigned interior featuring hardwood floors, mosaic tiles, custom cabinets and many unique amenities.
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Vacant Land
0 North Holokai Road
Haiku
$389K (FS) |
Fantastic opportunity to own in one of the best areas of Haiku. 1.5 useable acres off coveted North Holokai Rd. Rights to build a single family dwelling of up to 1000 sf interior living area, along w/garage or carport. Ocean and Mountain views make this site really special.
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