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Issue 402 |
November 16th, 2010
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Market Update
For those of you interested in Wailea and Makena condos, we now have detailed information on almost every condo in Wailea and Makena. The only two condos that are missing, Ho'olei and Wailea Town Center will be added in the next week. Check out the weblink.
We are quickly approaching the busy Winter season, and thngs are definitely looking up for both sales and rentals. The weakness in the dollar is having a positive affect in foreign investment, primarily from Canada.
The low end residential condo market is hot. We are seeing multiple offers on almost every one of our very low end REO listings such as at Southpointe, Kihei Villages,and Kihei Shores.
Homes in the low to middle end ($300K to 600K) are also receiving multiple offers in many cases. We suspect that our new REO Listing at 53 Honuhula Place in Honu Alahele subdivsion that was listed this afternoon will sell quickly. This custom home in a beautiful neighborhood has lots of upgrades amd comes with an attached ohana.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team
P.S. Please become a fan of our Facebook page by clicking on the link below, and follow us on Twitter.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for November 15th, 2010
| Active | Pending | Sold | Change |
Homes | 848 (318) | 207 (19) | 845 (106) | -2 |
Condos | 1219 (220) | 238 (10) | 1141 (171) | +17
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Land | 581 (155) | 21 (7) | 132 (14) | -2
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Total | 2648 (693) | 466 (36) | 2118 (291) | -13
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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
2600 Kanaka Nui Road
Kihei
$2.395M (FS)
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This private gated compound located on 1.12 acres has undergone extensive
renovations including a kitchen, dining room and media-center expansion as well
as a 700+ sq.ft. second level Master Suite with sweeping ocean and island views.
Situated on over an acre, this property has been subdivided and has 3 water
meters allowing the potential for two more single family residences to be built
if eventually desired.
Customer Listing Synopsis
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99 / 101 Oheala Place
Makawao
$2.595M (FS)
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Set
upon two plus lush tropical acres with verdant lawns & palms & expansive
North Shore Ocean & West Maui Mountain vistas, you find gorgeous, gleaming
hand made tropical hardwood floors, ceilings, & doors, not to mention the
richly finished hand-hewed ceiling beams. Materials include leaded glass, travertine, marble, finely polished cement & teak counters, hand-honed
marble counters, hand made teak kitchen cabinets, polished Marfil marble
back splashes & hand carved corbelled arch details on the gracious ocean
view lanai.
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Homes Under $1M
318 Hale Kai Street
Kihei
$292.5K (FS) |
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Bank Owned. This is a great starter home, spacious and near shopping. Perfect location with
easy access to the main highway without all the road noise.
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425 Kaukini Loop
Wailuku
$499K (FS) |
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Short Sale. Million Dollar Views with Italian Villa Charm. 2000 Square feet home with 10
feet ceilings . The home is light and bright. With 3.42 acres of serene beauty
this is almost a blank canvas. Make this your dream property. Home borders a
gulch and State land at the top of Maluhia. Views from Haleakala goes 180
degrees to the Kahakuloa Head.
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53 Honuhula Street
Kihei
$544.9K (FS)
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Bank Owned. Beautiful custom 3 bedroom / 2 bath main house and 1 bedroom / 1 bath attached
ohana. Upgrades include Central A/C, travertine tile and carpet flooring, maple
cabinets, granite counter tops, and an extra wide garage. There are two private
large covered lanai areas, one for the main house and one for the ohana. Both
the main house and ohana have their own washer and dryer.
Agent Listing Synopsis
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18 Ohia Lehua Place
Pukalani
$890K (FS)
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This brand new 3 bedroom 3 full baths has never been lived in. Wailea touches of
elegance with porcelain tile floors, vaulted ceilings, spacious kitchen design
that flows from living room and into the court yard offering awesome views of the
mountains and well appointed landscaped yard. Bright and cheery throughout the
house.
Customer Listing Synopsis
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Vacation Condo Over $1M
Puamana 240-4
Lahaina
$1.55M (FS)
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Ocean front location in lovely old style Hawaii Puamana. One of the few 4
bedroom condominium units on West Maui. Be mesmerized by the sound of the ocean
as it softly laps the shore. Puamana has great pools including one oceanfront.
The property is pet friendly. Puamana is an easy bike ride or walk to Lahaina.
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Vacation Condos Under $1M
Royal Kahana #501
Kahana
$535K (FS)
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Set upon a lovely Kahana beach front & facing the Island of Molokai, the
Royal Kahana is a favorite Maui vacation resort. This 2 bd. 2 bath, 5th
floor end unit boasts 1141 sq. ft. of generous space with windows in every
direction. Light abounds in every room, in every direction, as do glorious West
Maui Mountain views along with sandy beach shoreline ocean views.
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Kapalua Bay Villas 12G4
Kapalua
$650K (FS)
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Short Sale. This oceanview one bedroom unit is renovated to the Kapalua Gold standard.
Beautifully furnished, this unit has been priced to sell. The unit is located
stops away from newly opened Kapalua Spa and Ritz-Carlton Residences, Kapalua
Bay.
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Residential Condos
Puuone Towers #614
Wailuku
$119K (FS) |
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Short Sale. 6th Floor Unit newly upgraded just over a year ago with slate tile flooring. Amazing ocean and mountain views with cool breezes. Secure building
with one parking stall conveniently located right near the elevator. In-ground
pool with BBQ area.
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Kehalani Gardens #204
Wailuku
$199K (FS)
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Short Sale. Enjoy living in a spacious 2 br, 2ba condo in Wailuku.
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Maui Gardens B-204
Kihei
$269K (FS)
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Totally remodeled with association approval and building permit to expand the
living area to include the lanai space. This unit is now 171 sq. ft. larger than
the other 2 bdrm. units and feels much more spacious. The kitchen area has been
opened and enlarged. New cabinets, Corian countertops and new appliances in the
kitchen, new carpet and tile throughout.
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Vacant Land
3030 Kaili'ili Road
Haiku
$270K (FS) |
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The perfect starter cottage for someone who wants more land than house. This
little cottage sits in the middle of a .7 acre parcel that has a horse paddock
already fenced. There are so many possibilities for this parcel, which sits
amongst large parcels of land.
Customer Listing Synopsis
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