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Aloha Valued Subscriber
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In this newsletter:
Short Sales
Homes
Condos (0)
Land (0)
New Properties (0)
Price Reductions
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An Extraordinary Deal
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Market Update
Outspoken CEO of Redfin, Glenn Kelman made some strong statements last week about how the National real estate market is changing. People are moving out of expensive areas such as Seattle and San Francisco especially areas with unfavorbale taxes to more affordable areas such as Tennessee, Idaho, Texas and Arizona.
Buyers who are frustrated of getting beaten out on offer after offer and a consistently low supply of homes has created a 'perfect storm' for housing market. Kelman states, "the change seems to have been driven by dissident demand from homebuyers." He attributes this claim to statistics from large markets where prices have jumped the most now reporting a rise in price reductions and a decline in percentage of homes selling within the first 2 weeks.
Redfin is in a unique position to see upcoming housing trends as they have a huge network of agents in a variety of markets across the country. Kelman also comments on the many challenges that would-be home buyers, millennials face including lower wage growth, higher credit and more student debt.
Have a wonderful week!
Ken, Melissa, Greg and Lindsey
P.S. - Congratulations to Lindsey, who will be getting married this weekend!
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey Taylor R (S)
Market Watch
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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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479 (258)
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142 (43)
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1153 (267)
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+4 |
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Condos
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521 (167)
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283 (39)
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1678 (275)
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-3 |
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Land
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316 (100)
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37 (9)
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209 (25)
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-1 |
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Total
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1316 (525)
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462 (91)
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3040 (567)
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0 |
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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
 53 Honuhula Place
Kihei
$1.098M (FS) |
Arriving at the property you immediately appreciate the lovely stone boundary walls and the pride of ownership dedicated to the yard and tropical garden areas. Upon entering the 4 bed, 3 bath home, you are enriched with the lovely Ostrich Slate floors.
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10 Ulupua Place
Spreckelsville
$1.742M (FS) |
Extraordinary Maui Luxury Home with spectacular views and location. Live in the heart of Spreckelsville. This spacious, sumptuous 3 bed, 3.5 bath home with a detached 2 car garage, storage/office area has expansive views of Haleakala.
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 333 Manawai Place
Haiku
$1.795M (FS) |
Incredible Ocean Views. Phenomenal location overlooking the cliffs of Uaoa Bay. This North Shore Estate on 4.86 acres is stunning with attention paid to every detail and thoughtful planning allowing enjoyment of the dramatic ocean views from multiple rooms, including the two master suites.
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7131 Makena Road
Makena
$6.795M (FS) |
The spirit of adventure brought you here, now a place of extraordinary serenity awaits in Makena. This secluded setting encompasses over two and a third acres of pristine, parklike beauty. Passing through the private, gated entry, you are transported to a place where dreams are made.
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Homes Under $1M
2149 C Holowai Place
Wailuku
$289K (FS) |
This is an old 3 bed, 2 bath family home, enjoyed for it’s quiet, and central location. The main house was built in 1935, and the 1 bedroom cottage built in 1941.
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273 Holua Drive
Kahului
$449.9K (FS) |
Bank Owned - Affordable fixer-upper in central Kahului with a large R-2 zoned lot, providing opportunity to add an ohana or expand the existing home, plus build equity by simply cleaning up this 2 bed, 1.5 bath home, located just a few blocks from all the conveniences of Kahului.
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2648 Iolani Street
Pukalani
$749K (FS) |
Big, bright, bi-coastal views and sunsets every night, West Maui mountain majesty, remodeled kitchen, bathrooms and floors, all in a quiet cul-de-sac in perfect-weather Pukalani. This 3 bed, bath gem is move-in ready. There is a large carport with storage closet plus a bonus bath/laundry area.
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Vacation Condos Over $1M
Kapalua Ridge #1013-15
Kapalua
$1.15M (FS) |
Looking for a fabulous location at The Kapalua Resort, look no more, 1013-15 has already seen some amazing upgrades. Property is unfurnished and at this time will be available for new owners to put their personal and unique touches on this property. This Ridge Unit has 2 bedrooms and 3 Baths.
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Honua Kai Hoku Lani #420
Kaanapali
$1.15M (FS) |
Hokulani 420 is available for sale. This 2 bed, 2 bath home has it all. Enjoy mountain, resort and partial ocean views from the oversized lanai. This home sleeps six comfortably with 2 bedrooms outfitted with king beds, along with a queen living room sleeper sofa. Its gourmet kitchen is ready for any type of entertaining.
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Kaanapali Alii #1-303
Kaanapali
$2.4M (FS) |
Rare opportunity to own a spacious 2 bed, 2 bath plus a den that can be used as a 3rd sleeping area. Kaanapali Alii 1-303 is situated on the shady side with partial ocean views and is being sold fully furnished.
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Kaanapali Alii #3-106
Kaanapali
$4.895M (FS) |
This is a 2 bed, 2 bath direct oceanfront ground floor in building 3. There has only been two owners of this prime location, its so rare for a property like this to become available, with the convenience of walk out access to the amazing Kaanapali Beach.
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Wailea Point #802/804
Wailea
$6.9838M (FS) |
The 4,821 sq ft interior living area also includes 4 zoned central A/C system, full wet bar, wine refrigerators and a very private upstairs owner's suite. The original double unit had 6 bedrooms and has been remodeled into 4 bedrooms with the office and media room which can easily be returned to bedrooms.
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Vacation Condos Under $1M
Kahana Manor #410
Kahana
$275K (FS) |
An ocean view from the living room and lanai. Opportunity to own a 1 bed, 1 bath West Maui condo in a well located building in Kahana which allows either long term or vacation rentals. Convenient to shopping, golf, beach, restaurants.
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Kapalua Ridge #2322
Kapalua
$810K (FS) |
The Ridge at Kapalua is known as one of the premier condominium developments in West Maui and one of the very finest properties at The Famed Kapalua Resort. This 1 bed, 2 bath condo is located on the 9th Fairway of The Kapalua Bay Course looking out to The Pacific Ocean.
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Residential Condos Over $1M
Hokulani Golf Villas #92
Kihei
$1.225M (FS) |
Currently under construction. This home provides one level living with additional 2 bedroom guest suites on the upper level. Hokulani Golf Villas have been uniquely designed to offer the comfort and privacy of a luxury home, combined with the carefree lifestyle of a condominium.
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Kai Malu #36A
Wailea
$1.285M (FS) |
This special ‘Honua’ floor plan is the largest in Kai Malu and features 3 beds, 2.5 baths, with the Master Bedroom suite on the ground floor. Open concept design with kitchen/dining/living area featuring a slanted vaulted ceiling, opens directly to the lanai and lush green lawn with colorful garden views of Kai Malu’s well-tended tropical landscaping.
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Keala O Wailea #302
Wailea
$2.25M (FS) |
The best Penthouse and only one available in Keala is here for the taking right now. Beautifully furnished, front and center with panoramic ocean views. You won't believe how private this 3 bed, 2.5 bath unit is with year round sunsets.
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Kapalua Ironwoods #54
Kapalua
$2.55M (FS) |
Oceanfront Ironwoods #54 is all about location. From the second floor vantage point #54 is perfectly positioned offering unobstructed views of the magnificent Pacific Ocean, Oneloa Bay, sunsets, the majestic island of Moloka'i and the world renowned Kapalua Bay course signature hole #5. This is a 3 bed, 3 bath home.
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Residential Condos Under $1M
Villas at Kahana Ridge #321
Kahana
$448K (FS) |
Bank Owned - This condo is near world class golf courses, shopping, schools, resorts and hotels. This 3 bed, 2 bath unit is actually situated in the ground level close to its parking stalls. Enjoy the afternoon sunsets by the ocean and great restaurants in Lahaina.
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Villas at Kehalani #2002
Wailuku
$718K (FS) |
Beauty surrounds you in this quiet, ocean view townhome. Perched on the slopes of the West Maui mountains in the popular Villas at Kehalani, this 2 bed, 2.5 bath, two-story unit provides luxury, privacy, and convenience.
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Wailea Fairwway Villas #D-102
Wailea
$739K (FS) |
The 'D' Building at Wailea Fairway Villas is one of the most private and sits at the North end of the complex where there are unobstructed ocean, outer island and West Maui Mountains views. This 2 bed, 2 bath unit is almost at the apex of the hill where the landscape falls away and the Expansive view is one of the best.
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Ke Alii Ocean Villas #J-203
Kihei
$899.7K (FS) |
This beautiful and spacious ocean view 2 bed, 2 bath residence with loft epitomizes modern and contemporary Hawaiiana living. This unit features a large covered lanai, high ceilings, stainless steel GE appliances, oversized dual glaze windows, ceramic tile, black granite counter tops, solid wood doors, Grohe fixtures, central air conditioning, and etc.
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Vacant Land
1361 Kakae Place
Wailuku
$239K (FS) |
2018
Enjoy the cool Maui breezes in this quiet neighborhood in Leisure Estates. This is a sloped lot with lots of potential. The Waiehu Golf Course, windsurfing and kite surfing beaches, hiking trails, schools, shopping and business areas are all in close proximity.
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Commercial Condo
Wailuku Industrial Park
Wailuku
$205K (FS) |
2018
Commercial condominium comprised of 2 contiguous units: #301 TMK 2-3-4-043-050-0013 & #302 TMK: 2-3-4-043-050-0014. Can be purchased separately or together. Currently configured with 5 offices, 2 conference rooms sink and reception area, this 3rd floor corner unit with Ocean, Haleakala and West Maui mountain views has a flexible floor plan.
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