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Issue 361 |
February 2nd, 2010
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Market Update
Opportunities abound as more and more Sellers get realistic on their pricing.
With new REO's hitting the market each week, Sellers are either dropping their prices or accepting offers well below asking. Some of these are on short sale listings, which are not guaranteed of closing; however, what do you have to lose.
With interest rates close to record low levels, now is the time to lock in a great deal before prices and interest rates both go up.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. If you are having any trouble viewing the Newsletter in its entirety, or if links are not working, would you please let us know.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for February 1st, 2010
| Active | Pending | Sold | Change |
Homes | 890 (391) | 220 (21) | 709 (95) | +4
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Condos | 1375 (256) | 236 (15) | 791 (115 | +9 |
Land | 534 (163) | 40 (10) | 117 (31) | +15
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Total | 2799 (810) | 496 (46) | 1617 (241) | +28 |
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
176 River Road
Wailuku
$1.15M (FS)
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10 minutes from Wailuku town you can escape to the calm serenity of your own
private oasis in the lush Waihee Valley. No thought or expense has been spared
to make this property and home the most comfortable place to be after a long
day. This unique 1/2 acre has stunning panoramic views of the ocean and mountain
along with a lovely stream that runs through the property.
Customer Listing Synopsis
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6681 Keoneoio Road
Makena
$3.99M (FS)
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For the Big Beach Lover! Located directly across the street from Big Beach in a
four home subdivision, this brand new Makena estate consists of a 4,100 sq.
ft. main house, 700 sq. ft. cottage and attached and detached garages on
almost an acre of land. Built with top of the line materials including granite,
mahogany, Wolfe, Sub-Zero etc in an open floorplan.
Customer Listing Synopsis
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8 Hui Road E
Kahana
$4.28M (FS)
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Hale Anuenue, “House of Rainbows” is the ultimate in elegant oceanfront
lifestyle. This newly finished masterpiece is literally one of a kind. The
timeless architecture and meticulous attention to detail envelope this secluded
slice of Hawaiiana. Everything on this property is elegantly handcrafted,
stylishly handmade and flawlessly custom fit to perfection. Opulently finished,
this home was designed for years of multi-generational enjoyment.
Customer Listing Synopsis
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75 Opalipali Place
Kula
$4.5M (FS)
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Owner Financing Available. Prestigious gated Kula Meadows newly constructed estate with bi-coastal views.
Extensive use of koa and mango woods throughout. Palatial rooms, voluminous
ceilings, all the bells and whistles one could ever dream about. Man's fantasy
comes true 3 car oversized garage w/tons of storage, game room, ocean views and
sundeck.
Customer Listing Synopsis
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Homes Under $1M
952 Kahealani Street
Haiku
$295K (FS)
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Short Sale. 2 bedroom / 2 bath home located within walking distance to Haiku town. It is
currently used as two 1 bedroom units and a studio. There is a brand new 3 panel
solar water system and a metal roof that is less than 5 years old.
Agent Listing Synopsis
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48 Eleu Place
Kihei
$329K (FS) |
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Bank Owned. Fantastic buy for a house and cottage in Central Kihei just off Waipuilani. Close
to the beach park with tennis court. Home has had many upgrades including
stylish kitchen, family room with tile flooring, and wood flooring in the living
room. This kama'aina property has well kept neighbors on either side and with a
little TLC could shine.
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37 Kamakoa Loop
Wailuku
$524.9K (FS)
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Bank Owned. Brand new custom 3 bedroom / 3 bath home located by the golf course with nice
ocean views in the gated community of Sandhill Estates. The floor plan consists
of an open kitchen and living room upstairs that lead to the large wrap around
deck with ocean and golf course views.
Agent Listing Synopsis
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468 Maika Street
Wailuku
$650K (FS) |
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Short Sale. Build your main house while you live in the 1,000 sq. ft. cottage. Fabulous ocean and mountain views. This beautiful quality built home is extremely private.
Nestled on 2.8 acres. Tranquil country feel yet it's
conveniently located just minutes to Wailuku town.
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Vacation Condos Over $1M
Kapalua Bay Villas 21G123
Kapalua
$2.2M (FS)
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Location , location, location! This is one of the rare Kapalua beachfront
properties. Arguably one of the most spectacular locations in Kapalua, and may
never be duplicated with new shoreline setbacks in place.
Customer Listing Synopsis
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Vacation Condos Under $1M
Royal Kahana #319
Kahana
$219K (FS) |
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Short Sale. 3 floor ocean view studio. Currently rented long term.
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Lauloa #211
Ma'alaea
$269.9K (LH)
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Bank Owned. Oceanfront 2 bd. 2 bath vacation rent property. Tile floors
throughout. Master bath has custom tiled shower with glass block wall. Over all
this unit is in good shape, needs some clean up, paint and Furnishings and you
are ready to begin collecting rent.
Customer Listing Synopsis
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Puamana 161-1
Lahaia
$495K (FS) |
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Short Sale. Large 1,050 sq. ft. 1 bd. 2 bath condo at Puamana.
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Wailea Ekahi 52D
Wailea
$599K (FS) |
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Short Sale. This upstairs 1 bd. 1 bath unit is remodeled, fully furnished and ready
to move into or vacation rent. Walk down to the ocean front pavilion on the
beautiful Keawakapu beach.
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Residential Condos
Maui Lani Terraces B-101
Honokowai
$167.1K (FS) |
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Bank Owned. Ground floor, end of "B" building, near the complex office and in ground
pool. Close in proximity to many amenities and just a few minutes' drive to
Ka'anapali or Front street.
Customer Listing Synopsis
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Milo Court at Kehalani #53
Wailuku
$399.9K (FS) |
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Brand new construction. Outstanding value for newly released, duplex style town
home in popular Milo Court at Kehalani community in Wailuku. This flowing, open
floor plan must be seen to be appreciated includes 3 bedrooms and 2.5 baths,
spacious covered lanai, 2 car garage and a privately fenced backyard. 1st release nearly sold out.
Customer Listing Synopsis
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Wailea Palms #2707
Wailea
$775.9K (FS) |
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Great views and privacy in this ground floor, 2 bd. 2 bath unit with a
comfortable oversized lanai. Nicely furnished with Ralph Lauren and Brown Jordan
furnishings, alabaster chandelier, Indonesian antique dining room chairs.
Contemporary Italian marble and granite throughout, Berber carpeting and granite
detailed window sills complete this gorgeous environment.
Customer Listing Synopsis
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Vacant Land
500 Makena Road Lot 4
Makena
$6.575M (FS) |
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Rare oceanfront “once in a lifetime” offering! On the most sought after coast
line. This opportunity is truly one of a kind. 1 of 4 available lots. Zoning allows for a main house and a detached cottage.
Customer Listing Synopsis
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