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| Issue 410 | January 11th, 2011 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Luxury Wailea Home
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Last week we talked about the surge in Maui real estate sales volume during 2010. This week, we'd like to take a look at a few of the underlying factors that might have driven this surge.First and foremost, if you've visited Maui, then you know what a unique place it is. Maui is a place where people want to live and retire. Maui, along with Hawaii County, has led population growth for Hawaii. Between April 2000 and July 2009, Maui's population expanded by 13.3% from 128,094 residents to 145,157 residents.* Maui is a place that draws visitors back again and again. Eventually some of these visitors choose to become owners of Maui Real Estate. Take a look at this table released by the Department of Business, Economic Development and Tourism. Between January 2010 and November 2010, 6,358,844 visitors came to Hawaii (by air), and 1,904,904 (30%) of those visitors made their way to Maui. A small (seemingly minute) percentage of those 1,904,904 visitors chose to buy Maui Real Estate. Although this percentage was small; the effect was felt in a large way (what Malcolm Gladwell termed "The Tipping Point.") We believe we'll see the Maui Real Estate market continue to "tip" in 2011. We hope you'll be one of the tippers.
Mahalo Nui Loa,
The Smith Team
P.S. If the whales and
beautiful beaches aren't enough to get you to Maui, then hopefully Elton
John will. He'll be performing at the Maui Arts and Cultural Cener (MACC) on Saturday, February 25th, 2011. Tickets go on sale today for MACC members and January 15th for the general public.
*Taken from the census. Learn more.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for January 10th, 2011
| Active | Pending | Sold | Change | |
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| Homes | 827 (326) | 211 (24) | 818 (94) | +10 |
| Condos | 1249 (226) | 239 (15) | 1152 (164) | +6 |
| Land | 553 (132) | 25 (5) | 129 (15) | -16 |
| Total | 2629 (684) | 465 (44) | 2099 (263) | NC |
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1. The numbers in parentheses reflect the number of listings over $1M |
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 29 Waikalani Place Kihei $350K (FS) |
Bank Owned. 3 bedroom 3 bath 2 story home with oversized 2 car garage in North Kihei on a large 8,216 sq. ft. lot. This home is a diamond in the rough. |
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 18 Hooui Place Kahului $399.9K (FS) |
Bank Owned. Offering central air conditioning, fenced yard, solar water heater and a sprinkler system throughout. Located within the Maui Lani planned community. |
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116 Laukahi Street
Kihei
$749K (FS) |
Nice large family home in Moana Esates. Features a large enclosed back yard with custom rock walls. This great floor plan can be used as a 5 bedroom home or as a 4 bedroom with a large family room downstairs. |
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894 Pulehu Road
Kula
$950K (FS) |
2 story cottage located in Lower Kula is in very good shape, it has 2 bedrooms and 2 bathrooms, and creative usage of decks affords many opportunities to enjoy the panoramic ocean view while taking in the cool trade winds. This is a very unique property with two lots separated by a deep dry gulch that adds privacy between the vacant lot and cottage. Each lot has great unobstructed bi-coastal (180 degree) ocean views and mountain views of Haleakala. |
Wailea Beach Villas PH503
Wailea
$4.5M (FS) |
Full & 50% Interests Available. Upon entering the over-sized mahogany wood entry door to this top floor penthouse unit, you can already see the expansive ocean views. This elite “A” floor plan features 3 bds. 3 baths with the Master bedroom upfront to command the beautiful views. |
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Bank Owned. This complex offers many amenities such as a pool, Jacuzzi, putting green, BBQ area, shuffleboard area and the maintenance fees include electric. Some renovation has been done to the unit.
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Along the Southern coast of Maui lays miles and miles of sandy shore line. Unit 305 at Nani Kai Hale is situated right along the miles of sandy shoreline to truly take advantage of the natural Maui Beauty. Ocean and mountains view both from your living room, lanai and master bedroom. This one bedroom condo has 2 baths.
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This stunning 2 bd 2 bath unit is fully furnished, granite countertops, newer appliances, lots of recessed ambient lighting. Hale Hui Kai complex includes oceanside swimming pool and frontage on beautiful Keawakapu Beach. Terrific location. Private pathway direct from your lanai to the beach.
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 Kamoa Views #214 Kihei $179K (FS) |
For sale or trade. This charming, sunny, corner unit and fully furnished 1 bd. 1 bath with double lanai, central A/C, extra storage and beautiful garden and mountain views with newly tile floor and carpet is located on the 2nd floor of a 44 unit secured concrete building.
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Short Sale. Great opportunity to own at Kehalani Gardens. Convenient location in Central Maui, spacious 3 bedrooms 2.5 bath 2 story townhouse.
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 2660 Kanakanui Road Kihei $280.9K (FS) |
Bank Owned. Vacant flag lot in South Maui. Gulch is part of lot. |
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