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Aloha ,
Market Update
I don’t have a crystal ball, so I can’t say with certainty what will happen in the future in regards to real estate prices and sales, one thing I am fairly certain of is the seasonality of real estate on Maui.
From about the middle of December to the end of April, we have the most visitors to the Island. These visitors are what we fondly refer to as “Snow Birds”. They come to Maui to escape the winter cold and enjoy our warm climate which even in the winter rarely almost always rises to at least 75 degrees during the daytime.
These visitors are also referred to as “Free and Independent Travelers” since they can travel at any time of the year. Generally speaking, they come without children and have higher disposable incomes as contrasted with those tourists who come during the summer months with their families.
As one might expect, sales during the winter months are higher than at other times. I suspect that we will see the same pattern play out again this year. For those looking for good buys, the next several months should provide you with the best opportunities as those Sellers who did not sell during the peak season become more motivated.
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
Ken, Melissa, Greg, and Jeremy
P.S. - We are proud to announce that The Smith Team was again named to the 2014 Hawaii Business Magazine Top 100 Realtors. This award was first given out in 2006, and since that time, we have made the list 7 out of the 8 years.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for April 8th, 2014
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Active
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Pending
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Sold
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Change
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Homes
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589 (292)
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211 (31)
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978 (184)
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+14
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Condos
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745 (176)
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244 (25)
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1385 (191)
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-13
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Land
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362 (121)
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49 (8)
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218 (26)
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-5
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Total
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1696 (589)
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504 (64)
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2581 (401)
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-4
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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
2455 Waipua Street
Spreckelsville
$1.65M (FS)
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This 4 bd. 3 bath plus ohana is move in ready with remodeled kitchen and baths. A photo voltaic system means your electric bill is just $18/month. Located on the 4th fairway at Maui Country Club, enjoy the hot tub, outdoor shower and artificial putting green. The attached studio ohana is great for visitors or relatives, one of the three garage bays has been converted to a recording studio, and there is a gate leading onto the golf course
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389 Wekiu Place
Ka'anapali
$2.195M (FS)
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If you were a custom homebuilder, what kind of home would you build for yourself? Start with the location in the Summit in the Kaanapali Golf Estates for the views, the soft trade winds and easy access to great beaches and the amenities. Design a home with a great room, 3 bedrooms, 3.5 baths, a den, 2 lanais and a pool with a hot tub. Your covered stone tile lanai sets up your dream views.
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111 Ahuwale Place
Makawao
$2.488M (FS)
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Haleakala Estate is a magnificent gated 9 bd. 7 bath upcountry hilltop tropical estate and retreat. Boasting incomparable un-obstructed 360 degree Haleakala and bi-coastal ocean views. Almost every room has marvelous views.
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Homes Under $1M
108 Miha Place
Kihei
$395K (FS)
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Short Sale. A handyman special, bathroom, kitchen & floor needs updating & upgrading. House needs painting.
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236 Maka Hou Loop
Wailuku
$455K (FS)
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Bank Owned. 3 bd. 2.5 bath home in The Cottages at Kehalani. This home features granite kitchen countertops, marble bath countertops, GE appliances and sliding glass doors. Enjoy amazing views of the West Maui Mountains.
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83 Mission Place
Wailuku
$575K (FS)
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Two properties are being sold together for the combined land area of 19,182 sq.ft. Great opportunity to own this house and cottage and the vacant lot next door. The lot address is 77 Mission Street of approx 6,000 sq. ft. Each property includes a county water meter installed.
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500 Ulumalu Road
Haiku
$599K (FS)
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Short Sale. Peaceful and private living in this secluded cedar Haiku home. Tucked behind a beautiful blue stone wall and tasteful bamboo gated entry.
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676 Kai Hele Ku Street
Launiupoko
$973K (FS)
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Short Sale. Gorgeous ocean views from this 999 sq. ft. custom home with pool. Living spaces open to the outdoors for seamless indoor/outdoor entertaining on the wrap around decks and pool. Custom stone work and tile throughout.
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Vacation Condos Over $1M
Royal Mauian #315
Kihei
$1.189M (FS)
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Enjoy spectacular ocean views from this 2 bd. 2 bath Royal Mauian unit with direct access to the spectacular white sandy Kamaole Beaches.
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Vacation Condos Under $1M
Aina Nalu C-102
Lahaina
$399K (FS)
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Just remodeled featuring beautiful wood flooring, granite counters, new wall surfacing, etc. Maui Vista features three pools, tennis courts, BBQ’s, and lovely, well-tended grounds. Steps from Charlie Young and Kamaole I Beaches.
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Lahaina Roads #209
Lahaina
$550K (FS)
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Lahaina Roads is a small (42 unit) four story complex in Lahaina town that offers the convenience of being near all of the "Lahaina action" while still feeling very quiet and tranquil.
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Kihei Beach #210
Kihei
$679.5K (FS)
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Magnificent Kahoolawe to West Maui ocean views from your lanai, living room and the master bedroom! Kihei Beach Resort is right on sandy Sugar Beach, so you are steps away from swimming, snorkeling, stand-up-paddling or walking to Maalaea.
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Residential Condos
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Napili Ridge A-13
Napili
$189.9K (FS)
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Bank Owned. Ocean view oasis nestled on the second floor of the "A" building. This one bd. / one bath condo is in a great location with sunset views over the Pacific and the cool trade wind breezes of Napili.
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Kihei Villages 18-101
Kihei
$259K (FS)
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Beautiful ground floor condo with large yard and patio. This condo has been recently remodeled and features new kitchen cabinets and quality stainless steel appliances.
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Hoolea Terrace #2803
Wailuku
$322.5K (FS)
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Developer Deal. New Release. Brand new condos on the slopes of the West Maui Mountains. All units have 9-foot ceilings, Kenmore kitchen appliances and an interior laundry closet. All units have 2 assigned parking stalls. This is a downstairs unit with ocean and mountain views and covered lanai.
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Vacant Land
50 Lewa Lani Place
Ka'anapali
$410K (FS)
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Lanikeha is an exceptional place with commanding views of the renowned Kaanapali, and the Islands of Lana`i and Moloka`i. Amenities at Lanikeha include an exclusive recreational facility with infinity edged pool, fitness center, hydro-spa and much more.
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