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Market Update
I am a big fan of saving money when it comes to home expenses and I found a great article from CNN Money about saving money on your homeowner's insurance.
This article features five steps to save big on homeowner's insurance.
One of the steps that I found to be the most interesting is to measure how much coverage you need. In the past, I've based my coverage level on my home's appraised value but that also includes land costs. Instead, we should base the coverage level on the replacement costs per square foot of the house. In Hawaii, the land value could represent more than half of the appraised value. Another step is to recheck the deductible and see if you are paying the highest deductible that you can afford to lower your premium. Also, bundling together your home and auto insurance can save you 5 to 15 %. Every little savings helps.
In local news, the attorney general is seeking applications from organizations that are interested in receiving funding to assist distressed homeowners in Hawaii. The Foreclosure Assistance Program was created from a mortgage foreclosure settlement between the State of Hawaii and Bank of America, J.P. Morgan Chase, Wells Fargo, CitiGroup, and Ally Financial. The State of Hawaii received $7.9 million in direct funds from the settlement. Applications must be received by July 13th. Read more.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - Addition to last week's introduction: Real property taxes for the homeowner's rate will change from $2.50 to $2.75 in July.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for June 4th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
550 (246) |
263 (37) |
895 (117) |
NC |
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Condos |
841 (162) |
264 (13) |
1153 (74) |
-18 |
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Land |
455 (108) |
35 (5) |
144 (17) |
-28 |
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Total |
1846 (516) |
562 (55) |
2192 (208) |
-46 |
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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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48 Wailau Place
Launiupoko
$1.695M (FS)
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Gorgeous ocean and outer Island views and a great price. Beautiful single level view home featuring 10 ft ceilings, 8 ft. doors and extensive use of granite counters and travertine floors. Large pocket doors open from the great room to a spacious covered lanai and sparkling pool.
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Homes Under $1M
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97 S Papa Avenue
Kahului
$289.9K (FS)
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Bank Owned. Large home in the Heart of Kahului. Four bedrooms, 2 baths and addition in rear of home makes for good square footage. Solar system and yummy mangoes in the terraced garden in the back yard.
Customer Listing Synopsis
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403 Paeohi Street
Lahaina
$295K (FS)
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Short Sale. Nice starter home in Lahaina located walking distance to schools, shopping, beaches. Buyer must be owner occupant and comply with all of Lokahi Pacific rules and regulations until 2021.
Customer Listing Synopsis
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1384 Kilou Street
Wailuku
$375K (FS)
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Short Sale. Phenomenal oceanviews and pride of ownership at Oceanview Estates gem. Come see theis neighborhood if you are not familliar with it. Underground utilities , a block to the beach and ocean views forever. Watch the whales and the cruise ships come in.
Customer Listing Synopsis
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141 W Kuiaha Road
Haiku
$825K (FS) |
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Two homes on 2.5 acres on W. Kuiaha between the Pauwela Cannery and Hana Hwy. The main house is a 2-story, 5-bedroom, 3-bath home with high, open-beam ceilings (beautiful ceilings!), a dining area off the kitchen, a built-in window seat in the living room, a laundry room and cute deck overlooking the backyard. Most of the property is completely flat and all usable - very well-suited to growing things (formerly a laua'e fern nursery).
Customer Listing Synopsis
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1780 Kalia Way
Haiku
$849K (FS) |
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Huge Haiku home. Beautiful private and park like setting in Haiku Country Estates. Lot borders on gulch with a clear view of giggle hill. House offers lots of large open spaces with private quarters on both ends for extended famly and/or caretakers.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Whaler #1201
Ka'anapali
$3.1M (FS)
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"The Penthouse" refers to the best of the rest and #1201 is exactly that. This elegantly appointed private residence offers the most commanding ocean and sunset views 365 days a year. Nestled high a top Tower I at the Whaler on Kaanapali, this magnificent condominium is designed to meet every expectation of luxury and style.
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Vacation Condos Under $1M
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Pacific Shores B-415
Kihei
$252.5K (FS)
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Remodeled top floor corner unit with beautiful Haleakala view. The kitchen and bathrooms were remodeled in 2008. New carpet was installed in 2010. Great location across from Charley Young Beach. Walk to resturants and shops.
Customer Listing Synopsis
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Maui Vista #2104
Kihei
$259.9K (FS)
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Beautifully remodeled 1 bedroom / 1 bath ground floor unit at Maui Vista. This unit is located in a very quiet area of the resort, just a few steps from one of 3 refreshing pools. Kamaole I & Charley Young beaches are directly across the street. This unit comes fully furnished.
Agent Listing Synopsis
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Kihei Garden Estates D-201
Kihei
$284K (FS)
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Short walk to the beach from this fully furnished two bedroom apartment with cathedral ceilings. Tropical, well kept grounds, pool and BBQ pavilion are just a few of the reasons why this is such a popular condominium. Centrally located, close to shopping and restaurants. Sale includes domain name "kihei-garden-estates.com".
Customer Listing Synopsis
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Kapalua Golf Villas 14T1,2
Kapalua
$390K (FS)
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This amazing villa has blue water panoramic views of the pailolo channel. Nested on the 10th fairway of the beautiful Kapalua Bay Course. Enjoy four swimming pools, BBQs, free Kapalua Shuttle service within the resort.
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Residential Condos
Kihei Villages 18-104
Kihei
$149K (FS) |
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Short Sale. This beautiful 2 bd / 1.5 ba ground floor unit is located in a quiet area of Kihei Villages and is walking distance to the beach. Unit has been remodeled with bamboo wood floors throughout, laminate kitchen countertops, maple wood kitchen cabinets, and features a nicely landscaped and fenced backyard.
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Napilihau Villages 7-104
Napili
$165K (FS) |
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Short Sale. Two bedroom, one bath condominium in Napiihau Villages. Kitchen, living area and hallway freshly painted. Dark wood laminate flooring in living space. Granite countertops in kitchen. Large fenced yard ideal for outdoor living and enjoyment. Cool trade winds flow through neighborhood. Close to shops and restaurants.
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Vacant Land
3910 E Lepo Place
Haiku
$595K (FS) |
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This 12 acre parcel has a 40 ft wide flag which should offer easy movement to the large open meadow and your future home site. From the highest point of the property one will enjoy lots of horizon and some ocean vistas. A large gulch on the west side of the property has a seasonal stream and stands of large trees which create a great barrier to the adjacent properties.
Customer Listing Synopsis
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