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| Issue 399 | October 26th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Black Sand Dream Home
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According to the Mortgage Bankers' Association economists existing-home sales, which are expected to be about 8 percent lower this year than last, are expected to grow by less than 2 percent next year before increasing by 16 percent in 2012. New-home sales, which will probably drop 13 percent this year from last, are expected to bottom out in the third quarter of this year and grow by 20 percent in 2011 and 40 percent in 2012. Mortgage rates are probably headed up, but may still be below 6 percent in two years, the forecast said. MBA economists expect fixed-rate mortgages to average about 4.4 percent in the fourth quarter of this year, increasing to 5.1 percent by the end of 2011 and reaching 5.7 percent in 2012. Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. In discussion with a client this morning, he reminded us of Warren Buffet's philosophy. He doesn't try to buy at the bottom. He buys on the way down. Likewise, he isn't greedy and sells on the way up. Here are more Buffet witticisms. How do we relate this to real estate? Well, we can't say it is the bottom, but we do feel it is a good time to buy. He also said, "Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for October 25th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 851 (321) | 225 (26) | 830 (105) | +3 |
| Condos | 1242 (221) | 240 (9) | 1130 (168) | +11 |
| Land | 575 (149) | 24 (6) | 132 (14) | -2 |
| Total | 2668 (691) | 489 (41) | 2092 (287) | +12 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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The best of it all, single level living with the best in finishes and location.
This brand new gated Hokulani Golf Villas Home offers all the benefits of a
condominium but has the privacy of a single family home. Situated within the
Elleair Golf Course on the majestic slopes of Haleakala, this 2 bedroom &
den home has an incredible spacious plan with volume ceilings a huge lanai and 2
car garage.
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 976 Noholani Street Haiku $247K (FS) |
Bank Owned. Low priced starter home or great investment property. Convenient Haiku location is close to shopping,transportation and minutes for Ho'okipa.
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 196 Laukaha Circle Kihei $349.9K (FS) |
Short Sale. Location in Popular Subdivision behind Safeway in Kihei. Excellent home with Sunset views, large kitchen with huge pantry, central a/c, family room down stairs. Walk to schools, stores, parks, etc. Watch virtual tour for more pictures.
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Short Sale property with fabulous views. Live in main house and rent out the other or have your ohana live on this half acre with you. Great investor potential. |
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This residence is located in a quite cul de sac offering panoramic island and ocean views from the second story master suite and large lanai. High beam ceilings, private tropical gardens and large pool pavilion, offer privacy and comfort, with an old Hawaiian ambiance. |
Ho'olei R-4
Wailea $2.3M (FS) |
The Ho'olei community is located directly across the street from the Grand
Wailea Resort and Spa. Relax with the ability to "lock and go" while at the same
time enjoy the comforts of a condominium designed to feel like a stand-alone
home. Residence R-4 is the last available Plumeria floor plan offered in the
highly sought after second row of the neighborhood. Interior appointments
include a private elevator, a gourmet Studio Snaidero kitchen with Wolf and Sub
Zero appliances abundant. |
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Short sale approved by bank. Best priced corner end unit. Great location. Close to BBQ & pools. This 2 bedroom unit has stone tile showers, granite countertops and is fully furnished.
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Whale watch and take in some of the most beautiful sunsets right from your living room or lanai! Great second home or investment. Gorgeous ocean front property without ocean front pricing.
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 Maui Lani D-103 Honokowai $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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Bank Owned. Bedroom and 2 Bath ground floor corner unit with large kitchen. Granite counter, pergo floors, ceiling fans, plus storage. Corner unit in a quiet location at the back of the complex.
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Great location close to beach, surfing, parks, shops, restaurants. Beautiful condo in new condition with numerous upgrades including granite countertops, maple cabinetry, crown molding; complex features include salt water pool and spa, BBQ area near pool, the condo has a quiet location on a side street and ocean views from the lanai.
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