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| Issue 406 | December 14th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Hale O' Ola
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Another very positive report on how tourism is leading the Hawaii economy out of recession. Economists at the University of Hawaii now predict that the rebounding visitor industry will begin spilling over into other economic sectors in 2011. Read the full article. Oahu is expected to be the chief beneficiary due to the fact that more Asians travel to Oahu than they do to the neighbor Islands, and that travel segment has benefited from the strong economies in the Far East. Nevertheless, given the allure and magic of Maui and the slower paced lifestyle; we expect Maui to lead the State in sales of resort real estate....especially in the high end as it did before from 2000 to 2006. Have a wonderful week. Mahalo Nui Loa, The Smith Team P.S. Last week we featured 231 Kaupalena in Honolua Ridge Phase II. If you are interested in making an offer, now is the time to do it. Reduced again to $2.895M. Comparable homes in the neighborhood are selling for millions higher than this price. More details.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for December 13th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 848 (323) | 214 (26) | 829 (97) | +2 |
| Condos | 1257 (222) | 233 (12) | 1149 (166) | +14 |
| Land | 591 (150) | 30 (7) | 123 (13) | +7 |
| Total | 2696 (695) | 477 (45) | 2101 (276) | +23 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Exquisite custom interior boasts unparalleled quality of fine wood, Brazilian
mahogany flooring, enhanced with cherry wood. Hard maple and walnut surrounds the
staircase, and further enhancing the ceiling inlay of these magnificent wood
combinations. This spacious open floor plan, offers great ocean, island , and
mountain views. Fabulous custom kitchen, featuring GE profile double ovens,
Fisher/Paykel dishwasher, large wine cooler, finished with custom designed
cabinetry, and stunning granite.The over-sized entertainment room is surrounded
by tropical foliage and large stone spa, with Zen like waterfall.
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 2080 Puuohala Road Wailuku $199.9K (FS) |
Bank Owned. Old style Plantation Home in fair condition with mountain view surroundings. Near Wailuku Town and conveniences. |
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 137 Poniu Circle Wailuku $388K (FS) |
Bank Owned. Great opportunity to own a spacious 4 bedroom / 3 bath home in Wailuku at Kaimana, located in a wonderful spot with a fully fenced in yard. Private setting with easy access in town. |
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Short Sale. 4 bd 2 bath home with full size swimming pool that was put in new in 2005 with extensive ceramic tile marine life in the pool; auto fill. Pool deck is gold quartzite with a smooth edged lip; there is a bench in the pool and deep end is 6'. |
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993 Malaihi Road
Wailuku
$880K (FS) |
Magnificent custom built 4/3 home with unobstructed ocean and mountain views.
This home offers 10-foot vented ceilings with soffits, indirect lighting,
central A/C with split controls, insulation, granite counter tops, custom
kitchen cabinets to the ceiling, propane range, hot water heater and dryer, media
room with wet bar and refrigerator, central stereo system, wireless DSL, alarm
system with motion detectors, sprinkler system, marble flooring, master bath
walk-in shower and extra large soaking tub. Top of the line amenities. |
Ho'olei R-4
Wailea
$2.225M (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 55-4 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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Bank Owned. The Wailea Ekahi condo complex allows short term rentals and offers multiple in ground pools, tennis courts and much much more. New refrigerator and stackable washer/dryer installed.
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Bank Owned. Large 1 bedroom 2 bath with easy ground floor entrance, the lanai is elevated so it is completely private. Located at the very popular Wailea Ekolu complex in the back row, very private. Ceramic tile flooring through out, lovely garden views with a minimal ocean view, year round sunsets. Walking distance to beach and Shops at Wailea.
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Enjoy expansive ocean and golf course views from this world class Kapalua resort villa situated in the desired corner veranda location of the building. Interior decorated in "Coastal Living" chic, this charming island retreat has been renovated and upgraded and comes fully furnished with everything to make you feel at home.
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By far one of the best one bedroom ocean view values at the Honua Kai Resort located at Kaanapali's North Beach. The 695 sq. ft. floor plan is perfectly laid out and the 150 sq ft. lanai allows you to sit back, relax and enjoy Maui's tropical breezes, as well as, great ocean and mountain views.
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 Southpointe 6-101 Kihei $115K (FS) |
Bank Owned. Great corner unit that was once nicely upgraded. A little TLC will go a long way.
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Hollywood actor's professionally decorated fully furnished turn key condo less than a minute walk to a gorgeous 5 mile long beach. Landscaped ocean edge park with full facilities for picnicking and beach activities. Wind surf, kayak, snorkel, stand up paddle board, it's all at your door step in this newer low density development.
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 115 Kamalei Circle Kahului $249K (FS) |
Bank Owned. Beautiful level lot on the golf course with sweeping ocean, city and mountain views. Build your custom dream home. Has water meter. |
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