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Market Update
In October, the Obama administration announced that they are changing the refinancing program called the Home Affordable Refinance Program (HARP) so that more underwater borrowers can qualify. This program is for borrowers whose loans are backed by Fannie Mae and Freddie Mac who are current on their payments and have a job. HARP is now being expanded so that borrowers will soon be able to refinance no matter how far underwater they are. You can refinance your property even if it is worth half the amount that you paid for it. The banks were given the new guidelines on November 15th and you can now inquire with your bank if your loan qualifies as early as this month. This program is limited to loans that were delivered to Fannie and Freddie before June 2009. It will be extended through 2013. You can visit makinghomeaffordable.gov or call 1-888-995-HOPE for more information.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. If you haven't already seen it, we highly recommend the movie, The Descendents, filmed on Oahu and Kau'ai. Read about the Oscar buzz for this film.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for December 5th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
669 (270) |
217 (24) |
888 (113) |
-15 |
|
Condos |
1003 (184) |
213 (3) |
1156 (104) |
+23 |
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Land |
507 (113) |
21 (5) |
135 (19) |
-3 |
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Total |
2179 (567) |
461 (32) |
2179 (236) |
+5 |
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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
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88 Kawehi Place
Kula
$1.1M (FS)
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Short Sale. This 5.26 acre estate is situated in a highly sought after area of Kula. Jacaranda and macadamia nut trees line the drive down to a spacious 3 bedroom, 2 full bath, plus three - 1/2 baths. Adjacent to this, is a large office with big ocean views and attached work area/garage. A 3,000 sf shop w/ a 1,200 sf attached garage, which is ideal for car collectors, equipment storage, or just toys. Also on the property is a 1 bedroom, 1.5 bath cottage for grounds keeper or rental. Virtual Tour
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Homes Under $1M
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85 Hakalani Place
Wailuku
$524.5K (FS)
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Bank Owned. Outstanding 2 story - 4 bd. 3 bath home boasts granite counter tops, gourmet styled kitchen, cathedral ceilings, tiled floors, freshly painted, to name just a few of the gems of this property. Gorgeous coastal and mountain views, great family neighborhood. Feels like country yet close to malls, schools and cultural center.
Customer Listing Synopsis
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11 Meleana Place
Kahului
$625K (FS) |
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Pride of ownership is displayed throughout this 4 bedrooms, 3 bath home, with its custom swimming pool/spa and 3-car garage. Perfectly situated in the gated community of the Islands at Maui Lani neighborhood you can catch gorgeous views of the ocean, Haleakala Crater and the West Maui Mountains.
Customer Listing Synopsis
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676 Kupulau Drive
Kihei
$650K (FS) |
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Bank Owned property is occupied and is unable to be shown. Land area in public records show 24,699 sq. ft., with a main house of 1,352 sq. ft. and a detached cottage of 500 sq. ft.
Customer Listing Synopsis
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98 Ahekolo Place
Kihei
$882K (FS)
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Bank Owned. Great location in Kilohana Ridge. Ocean and Molokini views from living, kitchen and master. Only two close neighbors as this home sits next to the pedestrian pathway.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Wailesa Beach Villas PH411
Wailea
$3.25M (FS)
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Extraordinary 4th Floor Penthouse in one of Wailea’s most luxurious BEACHFRONT condominium complexes. 411 has been home-away-from-home for the original owners; never rented. Well selected appointments and upgrades including the Mahogany trim package, walk-in shower, audio system and Mahogany shutters coupled with rich, exotic furnishings and accessories set this home apart from other available units.
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Vacation Condos Under $1M
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Kapalua Golf Villas 20P5,6
Kapalua
$499.9K (FS)
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Bank Owned. Unbelievable price for a 2 bd. 2 bath in Kapalua. This "patio" model of the Golf Villas was remodeled recently and offers peaceful golf and ocean views through the pine trees. All on one level with central AC.
Customer Listing Synopsis
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Pikake #204
Honokowai
$588K (FS)
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The finest 1-bedroom beachfront property on the Lower Honoapiilani Road is now available for purchase! This 1-bedroom, 1-bathroom 2nd floor property offers 518 square feet of living area. The property was renovated in 2010 with the highest quality craftsmanship and materials.
Customer Listing Synopsis
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Wailea Ekahui 2B
Wailea
$735K (FS) |
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Bank Owned. Enjoy nice ocean views from this 1 bedroom / 2 bath ground floor unit ideally located in the lower Wailea Ekahi Village. New carpet and paint. Air conditioning is a split system.
Agent Listing Synopsis
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Residential Condos
Kamoa Views #112
Kihei
$154.5K (FS) |
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Bank Owned. Located in sunny Kihei, this 1 bed/1 bath, first floor unit is just steps away from the beach. Complex is secured with a locked entrance. Enjoy central AC, pool, and BBQ areas.
Customer Listing Synopsis
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Iao Parkside 29-206
Wailuku
$175K (FS)
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Bank Owned. Fantastic three bedroom, two bathroom top floor Iao Parkside condo. Experience ocean views from your private lanai and the community conveniences of Wailuku Town. The property is light, airy, and bright and sparkles with new paint and flooring.
Customer Listing Synopsis
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Villas at Koele 15D
Lanai
$741.4K (FS) |
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This beautiful Villa sits on the first fairway at the fantastic Greg Norman Golf Course at Koele. There are bamboo floors along with custom wood work and stone finishes throughout. With three bedrooms and three baths it allows plenty of room for family and friends. This peaceful setting in the mountains of Lanai is luxury living at its best. Being close to town square and steps to the Four Seasons Resort at Koele are only a few of the surrounding areas of interest.
Agent Listing Synopsis
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Vacant Land
1760 Kaahumanu Avenue
Wailuku
$229K (FS) |
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Bank Owned. Prime development lot in Wailuku. Great visibility with ocean and mountain views. There's a 2nd lot also available $259K.
Customer Listing Synopsis
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