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Aloha ,
In this newsletter:
Short Sales
Homes
Condos
Land
New Properties
Price Reductions
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Pristine Honolua Valley
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Market Update
The mortgage market expects to see many changes in 2016. With new technology arising and marketplace lending growing it is uncertain how the housing market will be affected this coming year.
Freddie Mac predicts the 30 year fixed rate mortgage will average below 4.5% throughout the year. Although mortgage rates are expected to move slightly higher than they have been in 2015.
The housing industry is anticipated to grow in 2016 with an expected 16% increase in housing starts and total home sales increase of 3%. Though home purchases increase, higher interest rates will reduce refinancing and the overall mortgage originations will be lower next year.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Beginning Jan. 1, 2016 the legal smoking age in Hawaii will be raised to 21. Hawaii is the first state in the nation to raise the legal tobacco age from 18 to 21.
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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564 (327)
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232 (26)
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1076 (184)
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+11 |
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Condos
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843 (215)
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185 (18)
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1202 (161)
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+14
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Land
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368 (134)
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24 (3)
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155 (25)
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0 |
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Total
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1775 (658)
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461(45)
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2433 (373)
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+25 |
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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
Homes Under $1M
334 Hololani Street
Pukalani
$659K (FS) |
Short Sale -4 bedroom 3 bath tri level fixer home on the Pukalani Golf Course. Central valley and golf course views from many rooms. This is a bright and airy house with 3 bedrooms 2 baths upstairs and 1 bedroom and a bath on lower level. Flexible floor plan offers multi use rooms.
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 521 Kolohala Drive
Kula
$995K (FS) |
Designed by renowned architect, Warren Sunnland, this stunning Kula home AND ohana deliver! Unobstructed Haleakala, North and South shore as well as Five Island views! Accessible flat roof with totally unobstructed 360 degree "forever views", and mature landscaping.
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Vacation Condos Over $1M
Kapalua Bay Villas #28-B1-2
Kapalua
$1.495M (FS) |
This is a beautifully remodeled 2 bedroom, 3 bath town home style unit on the bridge level of Building 28. Easy access to the unit with no steps for entry, the home offers breathtaking views from the minute you walk through the door. Interior features include stone floors, granite counter tops, updated kitchen and baths, top of the line appliances and much more.
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Kapalua Ridge #2323-24
Kapalua
$1.495M (FS) |
Pristine condition. Beautiful Kapalua views overlooking the Bay Course, Lanai, Molokai & ocean. The unit is oriented southwest which shelters the home from strong trade winds. There are gentle breezes for extraordinary comfortable living. From the large living room and master suite, you can see winter sunset and ocean views.
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Kaanapali Alii #4802
Kaanapali
$2.25M (FS) |
Kaanapali Alii is one of Maui’s most sought after resort condominium properties. Located on the white sandy beach at Kaanapali, the Alii is close to shops, restaurants, water activities, golf, tennis and more. Amenities at the Alii include a beautiful pool, clubhouse, fitness center, and tennis courts.
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Makena Surf #B203
Makena
$2.495M (FS) |
Spectacular direct beachfront condominium in the highly-desired "B" building, perfectly situated on the magnificent white sands of Poolenalena Beach in Makena! This beautiful 2 bedroom, 2 bath unit has been upgraded to include sliding lanai pocket doors that disappear for ideal indoor-outdoor living.
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Makena Surf #E-202
Makena
$2.9M (FS) |
Direct beachfront residence with panoramic ocean, white sand, and neighbor island views. From the comfort of your private lanai, enjoy whale watching and spectacular sunsets while listening to the relaxing and rejuvenating sounds of the ocean. Located in the coveted "E" building, owners and their guests can step outside and put their toes in the sand.
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Kaanapli Alii #1-903
Kaanapali
$3.25M (FS) |
Prime 2 bedroom 2 bath 9th floor unit with unmatched Kaanapali Beach view all the way to beautiful Black Rock. Exquisitely renovated and decorated throughout. Den area has been incorporated into the living-room creating an even larger living area than it already was while still offering a third sleeping area for guests.
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Vacation Condos Under $1M
Napili Ridge #11-J
Napili
$249.9K (FS) |
A beautiful top floor studio in the Napili Ridge, with incredible upgrades. The sellers specifically chose this location for the beautiful ocean views, the and proximity to the crystal clear waters of Napili Bay, and the World class Kapalua Resort. Completely remodeled with features which include Mahogany kitchen cabinets and Italian elegant brown granite counter tops.
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Kauhale Makai #208
Kihei
$309K (FS) |
Enjoy ocean views, stunning sunsets, whale watching and the West Maui mountains from this centrally located, beachfront retreat. The sandy beach is great for long beach walks and the adjoining park offers extra space to play and tennis courts. Kauhale Makai has everything for a perfect vacation rental.
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Papakea Resort #J407
Napili
$549K (FS) |
Fee Simple, Oceaniew, 4th floor, split level lofted unit with 2nd bathroom in loft bedroom. Nicely upgraded corner unit with large living room window.
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Palms at Wailea #2103
Wailea
$710K (FS) |
First time ever on the market! Come take a look at this well-kept ground floor 2 bed /2 bath unit at the popular Palms at Wailea! Building 21 is located at the very private corner of the complex, access from the Okolani Drive, not through the main entrance on Wailea Alanui Drive. Very short walking distance to the world famous Keawakapu Beach.
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Maui Kamaole #A-215
Kihei
$719.9K (FS) |
Breathtaking OCEAN VIEW from this desirable FRONT row , end CORNER unit in A building (right across from the ocean). New furniture in the living room and beautifully renovated in 2014 this unit is ready to be used as your dream home or vacation rental. Maui Kamaole is a South Kihei Premier condo complex with 23 acres of lush landscaping.
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Residential Condos
Kihei Shores #H-109
Kihei
$315K (FS) |
Ground floor unit! This beautifully remodeled 2 bedroom 2 bathroom condo is located in the back of the complex in the H building. It has one deeded parking stall with plenty of other parking within the complex. Only two steps into this condo with a balcony out the back sliding doors. It has granite counter tops with gorgeous tile back splash.
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Iliahi at Kehalani #19A
Wailuku
$399K (FS) |
Nestled at the base of the West Maui mountains, Iliahi at Kehalani is a Maui gem. Boasting 3 bedrooms, 2.5 baths, this townhouse is spacious, and comfortable. This apartment is a highly desirable corner unit. It is also on the top row of the complex and there is a large yard area off the back lanai. All 3 bedrooms are large and have plenty of space.
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Masters #1503
Kaanapali
$1.199M (FS) |
Price Reduced - Extensive remodel, no expense was spared in this very private, ground floor corner unit. One of 3 buildings with only 4 units. Covered parking space. Minimal stairs, completely air-conditioned with three energy efficient split units. New natural travertine flooring inside and out, new carpet in bedrooms.
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Kai Malu #13B
Wailea
$1,348,880 (FS) |
Best Kai Malu featuring private plunge pool and spa with fenced yard. Full lock and leave services including pool and spa maintenance. Fabulous ocean views! Enjoy these ocean and Haleakala views from upstairs master bedroom and private enclosed yard area and the very private lanai. Guest bedroom also has ocean views.
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Vacant Land
685 Olinda Road
Makawao
$2.195M (FS) |
Truly one of the most beautiful legacy properties on Maui boasting beautiful ocean and mountain views. Located in Fabulous Olinda, a stones throw from Seabury Hall (a private college prep school) and close to all the other Upcountry private and public schools. This forty (acre) retreat is privately located and the end of a private road.
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