|
Market Update
24/7 Wall St. examined a recent report by Credit Karma to find the 10 states with the highest average mortgage debt. It is interesting to see that Hawaii is ranked #2. The average mortgage debt per person is $307,508.
This is directly correlated to Hawaii having the highest median home value of $525,400. The good news is that the median household income in Hawaii is ranked the 5th highest at $63,030 to help pay for the mortgage debt.
According to Michael Sauter of 24/7 Wall St., with extremely low unemployment, high median income, low poverty and the second-highest rate of health insurance coverage in the country, Hawaii homeowners can generally afford it. To see a complete article of the ten states with the worst mortgage debt, follow this link.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. Yesterday evening we witnessed large surf at Jaws in Peahi, Haiku. There were surfers being towed in by jet skis into 50 ft. waves. It was an incredible sight to see.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for January 30th, 2011
|
|
Active |
Pending |
Sold |
Change |
|
Homes |
654 (273) |
230 (23) |
891 (115) |
-14 |
|
Condos |
1023 (189) |
242 (15) |
1146 (92) |
+7 |
|
Land |
500 (112) |
31 (6) |
129 (19) |
+5 |
|
Total |
2177 (574) |
503 (44) |
2166 (226) |
-2 |
|
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.
|
Homes Over $1M
|
408 Monarch Place
Kapalua
$2.495M (FS)
|
|
Located in the prestigious Pineapple Hill community on the Kapalua resort. It’s end of cul-de-sac location provides additional privacy and the benefit of a larger parcel. Pride of ownership is evident in this meticulously maintained home.
|
|
40 - 60 Maud Place
Kula
$2.5M (FS)
|
|
Peaceful and private country estate on 15+ acres bordering 800 acres of private ranch land. Enjoy spectacular mountain and ocean views. Reminiscent of old Hawaii, this classic 1957 ranch home boasts over 3,400 sq. ft. with formal living room, dining room, great room with vaulted ceilings & 2 fireplaces. Rolling lawns with mature trees enhance the island home and cottage designed by renowned Hawaii architect, Vladimir Ossipoff.
|
Homes Under $1M
|
25 Alohi Place
Pukalani
$289.9K (FS)
|
|
Bank Owned. It is rare to find a property with a lot this large in an established residential setting. Room to expand house and still have a cottage, or scale back the house and build your dream home behind it.
Customer Listing Synopsis
|
912 Olioli Street
Haliimaile
$294.9K (FS) |
|
Bank Owned. This is a larger home located within the Plantation community of Haliimaile. This home offers 3 living/entertaining areas as well as a wet bar in the upstairs area. Located near the Haliimaile park, one can enjoy many outdoor activities such as baseball, tennis, basketball or simply relaxing under the shade of a large tree.
Customer Listing Synopsis
|
11 Meleana Place
Kahului
$595K (FS) |
|
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
|
98 Ahekolo Street
Kihei
$765.5K (FS) |
|
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
|
|
650 Mililani Place
Kihei
$850K (FS)
|
|
Short Sale. Ocean view home on large lot. Features: fruit & large mature pine trees, fenced yard, cedar planks & open beam ceilings, hardwood floors, solar panels, remodeled kitchen, & very spacious feeling throughout with Central A/C.
Customer Listing Synopsis
|
Vacation Condo Over $1M
|
Wailea Beach Villas PH507
Wailea
$3.99M (FS)
|
|
Striking interiors with flawless execution, design and finishes complete this penthouse residence. Contemporary design with top of the line finishes, granite counter tops, central air conditioning and outdoor barbecue grill. This exclusive ocean side community offers luxurious amenities and is minutes from Wailea's Five-Star hotels, premier shops, fine restaurants and world-class spas.
|
Vacation Condos Under $1M
|
Maui Kai #304
Honokowai
$400K (FS)
|
|
Short Sale. Panoramic views abound from this beachfront condo. Great location for watching the whales, wind surfers, kite boarders and cruise ships. Maui Kai boasts a friendly resort atmosphere with lots of aloha and is convenient to shopping, restaurants and activities.
Customer Listing Synopsis
|
|
Maalaea Banyans #210
Maalaea
$409K (FS)
|
|
Custom updated remodeled 1 bed. 1 bath Maalaea Banyans. Owner occupied turn-key vacation rental unit with on-site Management. Fully furnished with all the necessities and hi-end appliance.
Customer Listing Synopsis
|
|
Palms at Wailea #1704
Wailea
$495K (FS)
|
|
Short Sale. Great income potential in this 2 bedroom 2 bath Wailea Condo in one of Wailea's most desired complexes.
Customer Listing Synopsis
|
|
Valley Isle Resort #1109
Kahana
$499K (FS)
|
|
A large direct oceanfront, 11th floor nicely upgraded condominium in the Valley Isle Resort in the heart of Kahana. This one bedroom, one bath remodeled unit is virtually maintenance free, with tile floors and partially tiled walls, leaving you or your guests with plenty of time to enjoy views of the ocean, Molokai, the whales, the turtles, and the sunsets.
Customer Listing Synopsis
|
Residential Condos
Happy Valley Village #5
Wailuku
$74.9K (FS) |
|
Bank Owned. Cozy one bedroom/one bath condo on ground floor. Near Wailuku Town. Excellent for first time homeowners. Great investment. Very low maintenance fees.
Customer Listing Synopsis
|
|
Kihei Shores C-003
Kihei
$119K (FS)
|
|
Bank Owned. Ground floor 2 bd. 2 bath unit below parking level with small yard area.
Customer Listing Synopsis
|
|
Kanani Wailea #22
Wailea
$719.9K (FS)
|
|
Best value at Kanani Wailea, an exclusive community of luxury residential condos in resort town of Wailea, Maui. Enjoy the pool, spa, fitness center, and enclosed two-car garages. Superior quality of construction includes steel framing, Monier tile roof, dual-glazed windows, 9 ft ceilings, ceramic tile, Wolf stainless appliances, granite countertops, tray ceilings and bullnose corners.
Customer Listing Synopsis
|
Vacant Land
105 Keoawa Place
Kapalua
$849K (FS) |
|
Lowest priced Honolua Ridge parcel with incredible views across the blue Pacific to Molokai. This beautiful property with 1.165 acres of gentle slope buildable area is located among some of the grandest homes on Maui, and within the gated community of Plantation Estates.
Customer Listing Synopsis
|
|
