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| Issue 385 | July 20th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Short Sale Opportunity
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Market UpdateAccording to noted economist, Paul Brewbaker, "If Maui real estate prices haven't already hit bottom, they're not going to get much lower." He further stated that it wasn't worth looking for the last 5 dollars, and if you want a bargain, the time to act is now. In addition, even if prices do drop further, the likelihood is that interest rates will more than offset any possible savings for those who are financing their purchases. The uptick in housing prices in California, fortells an uptick here, as Maui closely follows the trends in California; although normally with a lag time. Read the full article. Next week, we will put up a link to the video, so you can see for yourself the data which Mr. Brewbaker is using for his forecast. Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. Hoonanea at Lahaina is a brand new D.R. Horton project with terrific pre-construction pricing. Here is sample listing.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for July 19th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 863 (347) | 229 (28) | 827 (107) | -6 |
| Condos | 1279 (238) | 284 (7) | 1067 (164) | +6 |
| Land | 601 (179) | 32 (8) | 133 (189) | +8 |
| Total | 2743 (764) | 545 (43) | 2027 (360) | +8 |
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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. The upper level remodel included ADA modifications,with wheelchair accessible doors and showers and a ramp entrance from the parking apron. |
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Owner may carry financing at preferred rate to qualified buyer. Luxurious Pineapple Hill Estate with panoramic ocean views, private in-ground swimming pool, spa, covered lanai and much more. Home was completely remodeled and updated in 2007. Pineapple Hill is a high end gated community with direct access to Kapalua's fabulous golf courses. |
 55 Konale Place Kihei $302K (FS) |
Bank Owned. Two story home with lots of potential! Some improvements built without a permit.
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Short Sale. Just over a 1/2 acre ocean and mountain view, fenced and gated residence, walking distance to Pukalani Golf Course and Foodland. Main 3 bd. 2 bath home with an additional 480 sq. ft. detached ohana with 2br and 3/4 bath is non-conforming use of warehouse interior. Also included are plans for a magnificent two story residence with 2,468 sq ft of living area and 1,056 sq ft of covered lanai to obtain those amazing bi-coastal views |
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 2014 Paulele Place Kihei $482.8K (FS) |
Bank Owned. Home is located on a very quiet cul-de-sac, located in the heart of Kihei. Watch the sunrise over Haleakala from your deck, or putt around in your private fully fenced yard.
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Bank Owned. Large home located in the Wahikuli area. Corner lot, lots of room for extended families. Short drive to Kaanapali resort area, beaches and the shopping and attractions of Lahaina town. |
Ho'olei P-5
Wailea $2.2M (FS) |
Ho'olei is Wailea's new luxury planned community, located directly across from the Grand Wailea Hotel Resort and Spa. This exclusive neighborhood is comprised of 120 town homes. This 3 bedroom, 3.5 bath home offers a private entry and attached garage. You will feel right at home with features such as a private elevator, a gourmet kitchen with Wolf and Sub Zero appliances, and Snaidero cabinets. |
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Beautiful upgraded 1 bedroom + 1 bath unit. New kitchen cabinets, ceramic tile flooring in the kitchen and plush carpets throughout the unit. Peek a boo ocean view. Complex is located across the street from beautiful Kahana Beach. Close to great restaurants and shopping. Monthly Maint fee also includes cable & basic phone service. Purchase for as little as 3% down.
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Bank Owned. Check out the Virtual Tour. 2 bd. 2 bath across from Cove Park. The best spot on Maui to learn how to surf and stand up paddle board.
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$40,000 down owner will carry to qualified buyer @ 5%, interest only, due within 10 years.This is your opportunity to live in Puamana. Enjoy over 30 acres of beautiful landscape. Bask in the sun at one of the three pools, beach or tennis court. Gated community within walking distance to historic Lahaina Town.
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 Southpointe 15-205 Kihei $129.9K (FS) |
This is a Fannie Mae property. Great 2nd floor unit located in North Kihei. Large complex offers assigned parking stalls, community center and play ground. Assigned parking stalls are # 288 & 289. Conveniently located near schools, shopping, beaches, dining and public parks. |
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Come visit our brand new affordable multiple family neighborhood. Ho’ole’a Terrace is located on the West Maui Mountains in Wailuku with beautiful ocean and mountain views. We offer a 2 bd. 1.5 bath floor-plan or a 3 bd. 2 bath floor plan. Each building has Six 1-story units. There will be 29 buildings with a total of 174 units, half of which will be designated ‘affordable’ which are subject to income limits and residency requirements. |
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 Kehalani Gardens #1404 Wailuku $245K (FS) |
Bank Owned. Great opportunity to own a 2 bedroom / 2.5 bath townhouse at Kehalani Gardens. Unit is upgraded with central A/C and a front loading washer/dryer. |
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 Villas at Kehalani #1503 Wailuku $406K (FS) |
The Villas at Kehalani is a 17-acre community of 103 luxury town homes in 30 buildings located in the Master-Planned community of Kehalani. These elegant homes will feature stucco siding and tile roofs and include a 2 car enclosed garage. Units will have spectacular ocean views which can be enjoyed from your private covered lanai. This is a taste of Wailea, in picturesque Wailuku, with all the conveniences of being close to town. |
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 Kanani Wailea #4 Wailea $792.9K (FS) |
Bank Owned. Two story unit with large garage, large driveway and extra parking. This Kanani Wailea unit offers spacious living in a gated complex. Close to all that Wailea has to offer. |
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