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| Issue 404 | November 30th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Lahaina Beach Front
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Are the good times back? Well, we are not quite prepared to say that; however, we do feel that things are definitely improving. We are getting multiple offers over list price on many of our bank owned listings lately. Within the last 2 weeks, 5 homes in the $3 to 8.5 Million range went under contract. Also, according to several vacation rental companies, they are seeing bookings running way ahead of last year. Approximately 80% of the bookings during the busy Winter Season which runs through April 15th, are from Canadian visitors. Not surprisingly, these same visitors have been a prime source for purchases especially for South Maui condos and homes. The fact that real estate prices here have dropped 30 to 50%, while at the same time their currency has gained strength against the U.S. Dollar, should only add to their desire to acquire more properties in the upcoming Winter season. 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 29th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 828 (318) | 223 (28) | 827 (100) | -18 |
| Condos | 1210 (225) | 243 (12) | 1131 (166) | -3 |
| Land | 585 (152) | 22 (7) | 124 (13) | +3 |
| Total | 2623 (695) | 488 (47) | 2182 (279) | -18 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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High atop Maui Meadows with magnificent ocean, West Maui, Lanai, & Maalaea
Bay views, this elegantly renovated 3 bd. 3 bath residence is ‘A
Must Experience’. Designer renovated, elegantly furnished & move-in ready.
This serene, private, eagle’s nest location; a Hawaiian Paradise, allows for a
lifestyle of peace & privacy on a 21,867 s.f. lot. Soaring ceilings & a
multitude of glass sliders make this light filled environment a comfortable
place to call ‘ home’.
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 287 Hoalike Street Kihei $259K (FS) |
Bank Owned. Great value for a home in N. Kihei. Needs work and TLC. |
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 29 Kupee Place Pukalani $260K (FS) |
Old plantation style home that needs work but is still livable. There is an old carport and a couple of out building/sheds. The lot is 11,144 sq. ft. with water meter and cesspool. |
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Short Sale. The Sunnyside of Maui, boasts of this stellar new development Moana Estates in a Beachside community. Kihei has a wealth of amenities and services: acclaimed restaurants, public and private schools, and an aquatic center with Olympic sized pools. Between Kihei and neighboring Wailea Resort, the region has the diversity of shopping from quaint boutiques to luxury stores at the “Shops at Wailea”. |
Honua Kai #420
Ka'anapali
$1.095M (FS) |
The perfect choice in the Hokulani Tower – Phase One. Just in time for the
perfect holiday present to the family at a great price for this 180 degree
panoramic view with both mountain and ocean views. Unit has interior space of
1,240 sq. ft. and a huge lanai of 505 Sq. ft. for true outdoor dining. |
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Ho'olei 17-1
Wailea
$2.649M (FS) |
Whole or fifty % ownership available. Luxurious ocean view 3
bd. 3.5 ba. en-suite, two story 3,076 sq. ft. interior and 4000 sq. ft.f overall town-home.
This ‘paradise in paradise’ features elegant travertine floors, recessed cove
lighting, ample crown-molding, an interior private elevator, enclosed one-car
garage, a dedicated additional covered parking spot, full laundry room, Snaidero
Italian custom kitchen with iridized glass back-splash & African Sapele
Mahogany cabinetry & specimen quality granites abound. |
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Short Sale. This is a fully furnished 1 bedroom / 1 bath unit at Kihei Bay Vista. Amenities include a pool and hot tub, gas grills, and a outdoor dining area. Ocean view from the bedroom. Kihei Bay Vista is just across the street from the Whale Sanctuary and a very long stretch of white sand beach.
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Bank Owned. This complex is across the street from the beautiful beach and within walking distance to shops and restaurants. It offers amenities such as a tennis court, pool, Jacuzzi, BBQ area and a front desk. A ground floor "corner" unit that has a lofted master bedroom.
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Wonderful oceanfront ground floor unit. Steps to beach close by. A/C included. Tile floor, and in private rental program. This is above Oneloa Bay so very nice Northeast views. Light and bright in the morning. Seller will consider an exchange for property in Carmel, Pacific Grove or Monterey and will finance sale with 25% down.
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 Maui Lani Terrace D-103 Kihei $114.9K (FS) |
Bank Owned. Ground floor unit in building D, located right across the street from the ocean. Terrific location in West Maui, walking distance to park, beach, shopping, and restaurants. The complex offers an in ground pool and BBQ area.
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Government Owned. Located near ocean and protected grassy conservation land, close to shopping, restaurants and activities. Pet friendly complex. Unit is on ground floor and comes with two parking stalls.
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Lowest priced 2 bedroom 2 bath unit at time of listing. No showings until Dec 1, 2010. Possible court ordered sale.
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