Aloha
In this newsletter:
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Luxurious
Paradise
Andaz Residences E-4
Wailea
$11.9M (FS)
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Inflation
"Inflation continues to kick higher with an 8.5% consumer price rise in March. Aggressive inflation will force the Federal Reserve to raise interest rates multiple rounds this year and actively pursue quantitative tightening. That is why mortgage rates recently have shot up so high. Higher mortgage rates will inevitably pull home sales down in the coming months and slow home price appreciation. My projection at the moment is for a 10% reduction in home sales this year and a 5% home price gain by the year's end."
What are your thoughts on what will happen this year?
To view the full article, click here.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Have a wonderful Easter Sunday! The Easter Bunny will be visiting the Shops at Wailea on Friday, 4/15 from 11 a.m. to 1 p.m. Your kids will also be able to enjoy face painting, balloon animals, and a magic show. The Easter Bunny will also be hopping around Lahaina Cannery Mall on Saturday, 4/16 with an easter egg hunt starting at 10:15 a.m.
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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166 (142)
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218 (132)
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1329 (706)
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-8 |
Condos
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142 (80)
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364 (164)
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2293 (618)
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NC |
Land
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104 (51)
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62 (15)
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366 (112)
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+2 |
Total
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412 (273)
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644 (311)
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3988 (1436)
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-6 |
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 the number of active listings from the previous week.
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Homes Over $1M
Homes Under $1M
704 Kauhikoa Road
Haiku
$695K (FS) |
Property is spectacular with 2.55 acres in a beautiful area of Haiku. Value is in the land and water meter. There will be no showings in the property and it is a drive by only, due to uncooperative tenant.
Customer Listing Synopsis |
945 Hoomau Street
Wailuku
$795K (FS) |
Potential Short Sale. Here is your opportunity to own a beautiful and well-maintained home with panoramic ocean views and Haleakala views. Recently remodeled with a new roof, fully renovated kitchen, fence, garage door, and garage storage.
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20 Papahi Loop
Kahului
$995K (FS) |
Now is your opportunity to own this four bedroom 2-story contemporary home located in the highly desired subdivision of The Legends at Maui Lani with views of Haleakala and West Maui mountain. From the moment you enter you will be drawn to the soaring high ceiling with high windows allowing the beautiful natural light to flow into this spacious great room.
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Vacation Condos Over $1M
Kihei Surfside 507
Kihei
$1.075M (FS) |
Gorgeous ocean views from this 5th floor oceanfront Kihei Surfside unit. 507 has been completely remodeled with porcelain tile floors, solid maple cabinetry with cherry stain and stainless steel Professional Series appliances.
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Waiohuli Beach Hale 211
Kihei
$1.199M (FS) |
Rare 2 bedroom, 2 bath unit in lovely Waiohuli Beach Hale, 2 story walk-up unit with fabulous views overlooking a beautiful lawn, gardens and coconut trees. Relax and unwind here. You'll find a gentle ocean breeze, maybe a nice trade wind and a quiet beach.
Customer Listing Synopsis
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Maui Kamaole D-208
Kihei
$1.25M (FS) |
Great opportunity to purchase a beautifully renovated, turn-key, vacation rentable condo at Maui Kamaole. A prized Resort in South Maui located across from the Kihei Boat Harbor, adjacent to Kamaole Beach #3 and short walk from the famous Keawakapu Wailea Beach Walk.
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Kapalua Golf Villas 14P3-4
Kapalua
$1.75M (FS) |
This unit features 2 master bedrooms with lock off unit that fully secures privacy when guest area is occupied. Follow the tile steps down to the main living area, where natural light pours in through massive floor-to-ceiling windows, captivating you and inviting you to the expansive private lanai with magnificent golf course setting.
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Puamana 167-4
Lahaina
$2.295M (FS) |
Puamana is a beautiful 2 bedroom, 2.5 bath townhome with direct ocean access. Hawaiian living awaits you and your family in this elevated corner location that was completely remodeled in 2016. From the moment you walk through the front door you will appreciate the thoughtful design and tasteful finishes.
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Montage Residences 2206
Kapalua
$3.8M (FS) |
Relax amidst the Tranquil Tropical ambiance of this exquisite Grand Residence. 3 substantially large ensuite master and guest master bedrooms, 3.5 spacious and luxurious baths, plus den, office, guest room, all moments from the mesmerizing Azure seas of Kapalua Bay.
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Vacation Condos Under $1M
Kauhale Makai 124
Kihei
$760K (FS) |
Step out on to the well maintained lawn which is only steps from the pool, jacuzzi, sauna, shuffleboard, putting green, barbecue and one of the best parking stalls in proximity to the unit.
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Island Surf 315
Kihei
$800K (FS) |
This complex is conveniently located across the street of the ocean of Kalama Park with lots of shopping, restaurants, beach activity rentals, grocery stores, coffee shops, and Kihei's finest night life. This 2 bedroom, 2 bath unit begs for a beautiful remodel and is located on the third floor.
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Koa Lagoon 302
Kihei
$938K (FS)
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On the south side of Koa Lagoon, an oceanfront experience like no other. Enjoy whales, sunsets, and all the white sandy beachfront has to offer. Featuring an inground pool and cabana area, outdoor watercraft storage, and and a lush lawn that borders onto the beach right of way.
Customer Listing Synopsis
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Royal Kahana 1212
Kahana
$995K (FS)
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This 12th floor, direct oceanfront, 1 bedroom, 1 bathroom penthouse unit features stunning panoramic ocean views. Whale watch all winter long and enjoy year round sunsets from your lanai while looking at the islands of Molokai and Lanai.
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Residential Condos Over $1M
Kanani Wailea 23
Wailea
$2.199M (FS)
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Kanani is a great fit for someone who is seeking the privacy of residential living with the ease of maintenance that comes with residential condominium ownership. Unit #23 at Kanani is situated with a lot of privacy, is nicely upgraded with vinyl plank flooring, and a timeless beach feel.
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Makalii at Wailea 103
Wailea
$3.3M (FS)
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This is an extraordinary opportunity to own at Wailea's most sought after newly built luxury community. This mid-century, modern oasis is truly special, and rarely offered for sale. As you walk in, the ocean views captivate your senses. The blue waters, and dramatic sunsets can be enjoyed through the floor to ceiling windows or rolled away for a seamless indoor outdoor design.
Customer Listing Synopsis
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Residential Condos Under $1M
Iao Parkside 27-202
Wailuku
$435K (FS)
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This 2nd floor 2 bedroom, 1 bath unit is on the smaller "pods"or phase of Iao Parkside and on the stream side of the building and not on the street side. Unit is in average clean condition just waiting for a new owner to possibly do a little painting, personal touches and upgrades to make it their home.
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Kihei Villages 55-106
Kihei
$549K (FS)
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Ground floor Kihei Villages unit with private fenced yard. Excellent highway access and walking distance to the beach and park. This 2 bedroom, 1.5 bathroom is great rental potential or turn it into your home.
Customer Listing Synopsis
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Leinani Apartments 308
Honokawai
$650K (FS)
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A very quaint & quiet residential boutique complex of only 30 units, you will feel like Hawaiian royalty in this top floor, large 893 sf 2 bedroom, 2 full bath condo. With an extra-large West facing garden-view lanai, you have plenty of freedom to enjoy the fresh air, added privacy & cool temperatures while you bask in the Maui lifestyle you wish for.
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Hale Kanani 3-101
Kihei
$829K (FS)
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A 3 bedroom, 2 bathroom fully remodeled ground floor corner unit. Throughout the unit are new luxury vinyl plank flooring, new appliances and new central Lennox HVAC system which all come with warranties.
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805 Kukia Place Lot A
Kula
$489K (FS)
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It is situated at the top of a cul-de-sac, nestled in a quiet, well-established neighborhood. It is a short drive to upcountry amenities, including Maui's premier schools, grocery stores, farmers' markets, winery, botanical gardens, and restaurants.
Customer Listing Synopsis
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