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| Issue 383 | July 6th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Windsurfer Special
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MarketYou have to go back 60 years to find a time when interest rates were this low. As of this morning, here is a sampling of several key rates.
The above rates are for conforming loans, which are $625K or less for single family in Hawaii. They also assume a 60 day rate lock, and are based on an excellent credit rating. These rates were taken from U.S.A. Bank's website. Please refer to it for a more complete description of terms and conditions as well as other loan programs. Rates are also incredibly low for Jumbo loans up to $10 Million. If you are looking to refinance a Jumbo loan, call us and we will hook you up with two lenders where you will be able to compare rates. If you need to lower your interest rate, but cannot qualify for refinancing, then you may be eligible for a loan modification. We are working with a reputable local attorney who will give you a free consultation and let you know whether or not you might be eligible. If neither refinancing nor loan modifications will work, then you may wish to consider a short sale. We have been successful in closing a number of short sales for our clients. Let us know if you'd like to explore this avenue. Lastly, if you are looking to purchase, take advantage of these historically low interest rates, which when factored in with lower prices and motivated sellers, makes for an unbeatable combination.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. We hope you enjoyed a wonderful 4th of July weekend. We are entering the peak of the summer travel season. If you are planning a trip to Maui, and have not booked your reservations, let us know if we can help.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for July 5th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 853 (342) | 232 (29) | 816 (106) | -17 |
| Condos | 1257 (241) | 260 (8) | 1079 (168) | -18 |
| Land | 580 (171) | 28 (8) | 131 (19) | +6 |
| Total | 2690 (754) | 520 (45) | 2026 (283) | -29 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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You'll love this 1.9-acre property in Keokea on the makai side of the road. Fabulous views of Kahoolawe, the South Shore, Maalaea and Lanai. The main house has 3 bd. / 3 baths, an office, soaring open beam ceilings, wood floors, a spacious kitchen, laundry room and huge decks. Great double shower in master bath. The second building includes a 1,500 sf 4-car garage with loft storage, an upstairs 720 sf ohana and a 700 sf "finished basement" currently being used as a music room. |
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Surrounded by 3,800 acres of ranch land, this majestic and incredibly private 2,456 sf home and 406 sf cottage features bi coastal views framed with towering cypress, jacaranda, redwood and the oldest eucalyptus trees on Maui. Built in 1938 and remodeled over the years, this is a one of a kind opportunity to buy a classic that needs some TLC and someone who loves to write, paint or garden in the many rock lined planter beds on the 3.6 acre setting. |
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This Mansion is the largest estate on the only double lot in Ka'anapali Hillside. Completely fenced in a park-like setting. There are 4 master suites, three of which have stunning ocean views. The olympic-sized pool and spa extend in an L shape across the Southwest corner of the lush tropical manicured landscape. |
 1059 Kuhio Place Wailuku $346K (FS) |
Bank Owned. Needs Work but lots of potential.
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Bank Owned. The main house is located at an elevation that offers awesome South & North shore ccean and West Maui Mountain views. There is a barn and greenhouse too. Cottage is situated in its own private setting and has its own driveway. |
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 80-88 Hohani Place Haiku $655.8K (FS) |
Bank Owned. These two adorable country homes are located in an upscale agricultural neighborhood on over two acres. This peaceful setting has mountain views and a peek of the ocean. Both dwellings have plenty of lanai space for outside dining, parties or lounging.
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Bank Owned. Large Maui Meadows home on big lot. Great views, lots of potential. Super price. |
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Short Sale. One of a kind, gorgeous custom home in Kulamalu. This is the ultimate entertaining home. Sunken living room w/ 24 ft. ceilings and built-ins leads you to the classic kitchen w/tall wood cherry stained cabinets, green granite, and an island with generous dining area. A Designer "movie star" closet in the master bedroom is just another one of the very special features of this home situated on the Pukalani Golf Course. |
Ho'olei P-5
Wailea $2.2M (FS) |
Ho'olei is Wailea's new luxury planned community, located directly across from the Grand Wailea Hotel Resort and Spa. This exclusive neighborhood is comprised of 120 town homes. This 3 bedroom, 3.5 bath home offers a private entry and attached garage. You will feel right at home with features such as a private elevator, a gourmet kitchen with Wolf and Sub Zero appliances, and Snaidero cabinets. |
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Bank Owned. Great South Kihei location across from Kamaole Beach Park II. Walk to pristine sandy beaches, restaurants, and shopping. Ground floor unit with mature landscaping around patio for added privacy. Easy access to parking, pool and tennis courts.
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This unit is not directly on the ocean but the complex is. Short walk to one of the pool areas and beach.
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One of the better big ocean view locations from this 2 bedroom 2 bath 2nd floor Polynesian shores condominium. Just steps away from the ocean entrance. Neighboring many fine beaches, restaurants and shopping.
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 Haleakala Gardens 18F Kihei $129.5K (FS) |
Bank Owned 2 bedroom 2 bath top floor unit at Haleakala Gardens. |
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Bank Owned 2 bedroom 1.5 bath. Great opportunity for first time buyer or investor. Unit has 1 parking stall #238. |
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 Hale Kanani 1-203 Kihei $325.9K (FS) |
Clean 2 bd. 2 bath unit, with 890 sf of living space, on the second floor with ocean views. Complex has in ground pool and assigned parking. Located across the street from Cove Park and walking distance to Charlie Young beach, Kalama Park, Kamaole Beach I, restaurants and shopping. |
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