|
Aloha ,
Market Update
A 1031 Exchange is a transaction in which one property is relinquished and replaced by another of a "like-kind." This type of transaction is used by investors to defer capital gain taxes. The entire equity is used to purchase the replacement property.
To best utilize this tax deferring strategy the replacement property should be of equal or greater value. All equity should be reinvested in the replacement property. Equal or greater debt should be gained on the replacement property.
1031 Exchanges are a great tool for investors to save on tax dollars. You should always consult your tax or legal advisors before entering into an exchange.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Mortgages rates have dropped back down after last week's spike.
Melissa Smith R (B), Ken Smith R (S)
Market Watch
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
531 (265)
|
268 (39)
|
986 (178)
|
+3 |
|
Condos
|
811 (198)
|
203 (18)
|
1165 (167)
|
0
|
|
Land
|
358 (134)
|
28 (5)
|
148 (21)
|
+8 |
|
Total
|
1700 (597)
|
499 (62)
|
2299 (366)
|
+11 |
|
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.
|
|
Homes Over $1M
Homes Under $1M
|
96 Kinohi Loa Street
Wailuku
$518K (FS)
|
This well maintained home is situated for optimum privacy and offers ocean and mountain views from the manicured lot consisting of over 11,500 sq. ft. Pride of ownership shows throughout the home.
|
296 Puumakani Place
Kahului
$580K (FS) |
Short Sale - Well built custom home in highly desirable 2-story home on a large corner lot with only 1 neighbor offers unique features like an impressive double-staircases with wrought iron banister, a catwalk overlooking the grand entrance hall and expensive marquetry wood floor throughout.
|
|
137 Kamahao Circle
Wailuku
$599.9K (FS)
|
This place has it all and is move in ready! Ocean and mountain views, centrally located in the highly sought after Waikapu Gardens with quick commute times to hospital, shopping, golf and airport.
|
104A Lower Waiehu Beach Road
Wailuku
$679K (FS) |
Bank Owned - Here is a wonderful opportunity to own an upgraded two story home and cottage with outstanding ocean and Haleakala views.
|
Vacation Condos Over $1M
Kaanapali Shores #460
Kaanapali
$1.35M (FS) |
Beautiful 2 Bed/2 Bath- lofted unit is direct Ocean Front at Kaanapali Shores. This unit has been beautifully upgraded by the owners. This resort is located on North Kaanapali Beach and offers many amenities for the active traveler with 2 pools, 3 lighted tennis courts, fitness and massage center.
|
Makena Surf #A101
Makena
$2.295M (FS) |
A-101 is in the most desirable "A" building for easy oceanfront access and parking. For the Buyer who wants privacy and the convenience of parking next to his front door (no stairs) plus a direct path to sandy beach, a swimming pool adjacent to the beach path & semi private Tennis court.
|
Vacation Condos Under $1M
Kamaole Sands #10-306
Kihei
$519.9K (FS) |
Kamaole Sands is located across from Kamaole III beach park, and being near many shops and restaurants makes this complex desirable to vacationers and second home owners. If you have been waiting for a Kamaole Sands condominium inner courtyard location with ocean views, you have found it!
|
Honokeana Cove #117
Napili
$679K (FS) |
Honokeana Cove is a small, gated resort property like no other. An intimate complex designed to take full advantage of the beauty of Honokeana Cove Bay. It's easy to see why King Pi'ilani the Great acquired this bay as his own during his reign. The Cove is a great place for snorkeling, stand up paddle boarding amd swimming.
|
Residential Condos
|
Mount Thomas #204
Wailuku
$163K (FS)
|
Bank Owned - Great Opportunity to own an adorable 2 bedroom / 1.5 bath condo in the progressive and charming town of Wailuku. Near great shopping and restaurants.
|
Villas at Kenolio #4F
Kihei
$374.9K (FS) |
This is a very private corner unit with an open floor plan, bordering the green space, in a great location in the Villas. Pride of ownership is evident in custom paint, new appliances, and attention to detail throughout.
|
Villas at Kehalani #603
Wailuku
$549K (FS)
|
New Release of highly sought after front row unit with ocean views. Offered to owner occupants for the first 30 days of release, until 7/17/15. Estimated completion date for building 6 is February 2016.
|
Wailea Fairway Villas #W202
Wailea
$675K (FS) |
Favored top floor front row position from the vantage point of "W" building which sits directly looking out to ocean views, with Wailea Blue Golf Courses' 11th green in the foreground from living area and master bedroom of this 2 bedroom 2 bathroom upper unit with vaulted ceiling in living space.
|
Vacant Land
0 Mokuhau Road
Wailuku
$380K (FS) |
Tranquil lush oasis located only minutes from Wailuku town. It's difficult to top the soothing sound of Wailuku River (formerly Iao Stream) flowing at your doorstep. It's a dream of many to live in Iao Valley so consider this once in a lifetime opportunity.
|
|
