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| Issue 369 | March 30th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
$700K Price Reduction
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Market Update
As inventories have continued to drop over the last several months, prices are firming up, and it is becoming more difficult to negotiate substantial discounts from either Bank sellers or Developers.
One example is at Hokulani Golf Villas, where previously the Developer had been offering a $200K discount for the first 5 homes that sold. That special is now over, and several homes have just gone in to Escrow at somewhat higher prices. There are still a few specials at terrific prices, so we encourage you to check out their website and contact us for more information about these homes which don't appear on their list.
We are listing a 2 bedroom condo at Royal Mauian later today for $310K. That's right. An oceanfront 2 bedroom fee simple condo in South Kihei at a price below what the last one sold in the 1 stack in 2002. It is not a short sale or foreclosure...simply a very motivated seller who has priced this condo below market value for a quick sale. Better hurry if you are interested in this one, as we suspect that we will have multiple offers within a few days.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. For a bit of nostalgia and to get your weekly Island fix, here is link to Israel Kamakawiwole'Ole's rendition of "Somewhere Over the Rainbow". It is one of our favorite Hawaiian songs of all time.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for March 29th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 898 (385) | 250 (34) | 738 (94) | -5 |
| Condos | 1345 (249) | 296 (18) | 842 (126) | -11 |
| Land | 565 (155) | 40 (8) | 120 (27) | +18 |
| Total | 2808 (789) | 586 (60) | 1700 (247) | +2 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Huge executive home on the ocean side of Keha. No power or phone lines to obstruct the magnificent panoramic views from lower and upper decks. Upper level is 2,264 sf residence, beautifully remodeled in 2004 with European kitchen, new sliding doors and windows on lanais, carpet, stone and bamboo flooring. The lower level is a separate 1,860 sf residence, currently configured as a caregiver's quarter. Virtual Tour. |
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Designed for entertainment and relaxation with an open and spacious floor plan including high ceilings (30 ft. plus) and lots of glass to bring light and the outdoors in. Beautiful soft tone tumbled marble flooring, a large gourmet kitchen with custom cabinets, granite counters, and a centrally located wet bar ideal for entertaining. Virtual Tour. |
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The Seahorse Ranch, an income producing property with unlimited potential! Limitless options, Farming, ranching, entertaining or just relaxing! Imagine breathtaking panoramic views of the Pacific Ocean, Haleakala and the West Maui mountains. Tranquil retreat is a luxury estate with a large open split level floor plan that includes beautiful Brazilian Cherry hardwood floors, high ceilings and views from every room. Virtual Tour. |
 963 Haiku Road Haiku $299K (FS) |
This "One Owner Original Plantation Home" is really special! Although there are lots of things a buyer can still do to update this home...the following items have already been completed: All new exterior wood siding, vinyl windows throughout home, upgraded electric, wood and laminate flooring, gutters and fenced yard.
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 11 Maha Road #11 Makwao $385K (FS) |
One of the last available new ocean view residential condominium units in Na Hale O Kilinahe located in Makawao. With it's fabulous open floor plan, 3 bd. 2 bath and 2 car garage with photo voltaic solar, landscaped with PVC rail fencing & hardy native florals, you won't find a better property to buy.
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Great value for this beautifully designed and maintained home in quiet setting. Central A/C. Pool and very private. |
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The most fabulous bi-coastal views along with one of the lowest priced homes in Kula on a per square foot basis. This 3 year old home Lindsey built home in Jacaranda Grove has over 3100 sq. ft. of living area plus substantial covered and uncovered decks. You’ll love the great room from which you can enjoy the picturesque views and Sunsets year long as well as entertain to your hearts delight. Gourmet kitchen with its granite counters and stainless steel appliances is both functional and beautiful. |
Puunoa Beach Estates #203
Lahaina $2.95M (FS) |
Rare Opportunity to own a 3 bd. 3 bath second floor townhouse right on Baby Beach. Just steps from the sands of Baby Beach with exquisite views of Lanai and Molokai. Seller will consider seller financing to qualified buyer with a minimum of $1M down. Virtual Tour. |
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Bank Owned. Great first floor unit at the back of the complex. 2 bedroom 1 bath.
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Bank Owned. Ocean view 2 level townhome style unit in C Building. Just across the street from the beach, Kihei Garden Estates is walking distance to many amenities including all major banks, fine dining, Safeway and Star Market, Borders Express, Starbucks and more. On the ocean side of S. Kihei Road. |
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 Haleakala Shores B-307 Kihei $314.9K (FS) |
Bank Owned. Great value for this large 2 bedroom / 2 bath unit at Haleakala Shores. This unit has granite counter tops, neutral paint color scheme, and nice furnishings. The master bedroom has its own separate lanai area.
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 Kapalua Bay Villas 17B-4 Kapalua $895K (FS) |
Short Sale. Outstanding views from this bridge level unit. Spectacular location.
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 Southpointe 22-205 Kihei $122.9K (FS) |
Bank Owned. Great price for 2 bedroom 1.5 bath 2nd floor unit. |
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 Villas at Kenolio 10D Kihei $231.3K (FS) |
Bank Owned. Great unit in well maintained Kihei condo complex that has many amenities including, pool, landscaping, etc. |
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Short Sale. This residential condominium development evokes more of a contemporary interpretation of Hawaii’s architecture. This exquisite one level, 3 bd. 3.5 bath home offers unparalleled 180 degree ocean and outer island views from every part of the house. Situated on over 10 acres of tropical grandeur. Homes are designed to hug the contour of the landscape to create a sense of privacy. |
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