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| Issue 341 | September 15th, 2009 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Unique and Extraordinary Oceanfront Property
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Market Update
Whether you are looking for an extraordinary oceanfront estate on Maui's North Shore, a starter home, vacation condo, or a vacant lot on which to build your dream home, there are plenty of opportunities available today. Sales activity for Distressed Properties (Short Sales) and Bank Owned (REO's) in the lower end of the market are currently the driving force accounting for the unprecedented increase in the Pending Sales Index which is up Nationally for the 6th month in a row. Don't forget that we are now listing each week all of the REO's and Short Sales as well as changes to that list. You will note that this week, there were no changes to the Short Sale list. Please let us know how we can help you. Have a wonderful week. Mahalo Nui Loa, The Smith Team P.S. Maui Marathon on Sunday. Come out and cheer the runners on. Ken won't be running this year (volunteering), as he is saving his energy for the Portland Marathon on October 4th.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for September 14th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 960 (398) | 182 (16) | 653 (90) | -12 |
| Condos | 1488 (272) | 146 (9) | 694 (148) | -4 |
| Land | 583 (179) | 44 (13) | 82 (29) | +4 |
| Total | 3031 (849) | 372 (38) | 1429 (267) | -12 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Best priced beachfront / oceanfront residential property on West Maui. Must sell! |
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Bank Owned. Cottage is clean and move-in ready. Has a wood burning stove, outdoor shower and toilet in carport. |
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 2404 W. Main Street Wailuku $385K (FS) |
Purchase is actually 2 adjoining lots with total lot area of 5,175 sq. ft. Parcel 51 is 3,326 sf. and parcel 56 is 1,849 sf. The existing home is on parcel 51 while parcel 56 is currently vacant but did have a home previously. This Plantation home in Old Wailuku Town within walking distance to government offices, medical facilities and retail / food / professional service establishments is perfect for young professionals or retirees.
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Bank Owned. Cute little house with detached cottage off of Makani Road in Pukalani. Bank has done some rehab. Property could use some additional TLC; however, it is in above average condition as far as REO properties go. Main house has 3 bedrooms 1.5 baths with large carport and huge storage area. |
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 17 Iliwai Loop Kihei $629.9K (FS) |
Bank Owned. Spacious 5 bedroom / 3.5 bath home with nice ocean views. Upgrades include granite tile in the kitchen and wood laminate flooring. This floor plan has multiple options for it could be used as a 3 bedroom unit with a separate 2 bedroom mother-in-law quarters. There are 3 large lanai areas.
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Short Sale. Great location for this large 5 bedroom home. Sellers have done some remodeling, there is more to do. Cottage is unfinished, could be rental producing when finished. |
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Bank Owned. Perched above the Kaanapali Resort, 74 Hakui Loop is located within the Kaanapali Hillside subdivision. Enjoy year round sunsets and a short golf cart ride to the Kaanapali Beach Resort where you’ll find the best shopping, restaurants, and beaches on Maui. |
Ho'olei T-6
Wailea $1.8M (FS) |
Relax and enjoy the privacy that the location provides of this 3076 square feet 3 bedroom, 3.5 bath Ho'olei condominium. Ho'olei offers a unique fusion of tropical beauty and luxury lifestyle awaiting you in the heart of Maui's most sought after resort area, Wailea. For those seeking the privacy of an upscale residence with the ease of a condominium, the exclusive Ho'olei in Wailea, Maui offers the utmost in modern luxuries, a stunning, natural backdrop and lavish resort amenities. |
 Maui Banyan H-307 Kihei $327K (FS) |
Bank Owned. 1 bd. 2 bath unit at Maui Banyan. Located acros the street from Kamaole II beach park and close to restaurants and shopping.
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This 3rd floor location is clean, nicely furnished, and currently in a successful vacation rental operation, ocean front locations like this have strong demand for rental request and higher year around occupancy average . F-302 offers privacy and special views of Molokai, Lanai, and our beautiful Maui sunsets. The amenities of Papakea include: tennis courts, putting greens, two large pools, and recreational spaces with BBQ areas. |
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 Maui Banyan P-304 Kihei $458.4K (FS) |
Want to dine on your lanai and watch the sun set or walk just across the street to enjoy the beautiful sandy Kamaole Beaches? Buy your dream and take time to live it. P-304 is the only 2 bd. with an ocean view, and the only 2 bd. unit listed above the 2nd floor. Maui Banyan 2 Bedrooms have 1 level open floor plan.
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 Kapalua Golf Villas 20P1,2 Kapalua $599K (FS) |
Best Value at Kapalua Golf Villas for this spacious two bedroom, two bath end unit, with just a short walk to the pool and the 10th tee. A ground floor remodeled unit with Central A/C and the right lanai has been enclosed for extra square footage.
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 Hololani B-202 Kahana $649K (FS) |
Amazing views of ocean and Molokai. Unit benefits day long shade so it stays cool all day. Underground parking / elevator / trash chute. Great location. A great deal in Kahana. Beautiful 2 bd. 2 bath beachfront condo at Hololani Resort with spectacular ocean views and whale-watching from your private lanai.
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 Southpointe 20-201 Kihei $149K (FS) |
Short Sale. Outstanding value for this upstairs, corner unit. Cool, clean, airy, and bright north side unit with nice mountain views. Complementary and beautiful interior colors painted by a fine artist satisfy the senses. |
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 Kai Makani Beach Villas 201 Kihei $389K (FS) |
Come and see this fabulous gem in North Kihei. Kai Makani is just one year old and steps away from the beach. From this upgraded unit, you can enjoy the West Maui Mountains, an ocean view, and Haleakala. Upgrades include: appliances, central a/c, tiled lanai, tiled master bath, cable in both bedrooms, ceiling fans on lanai, and convenient location to amenities. |
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 Kai Malu 37A Wailea $899.9K (FS) |
Well priced, this Lewa floor plan townhouse is simply the best value in Kai Malu. The unit is in immaculate condition and ideally located next to a pathway that leads to and overlooks the beautiful greenbelt with partial fairway views. |
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