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Aloha Valued Subscriber
Market Update
The National Association of Realtors second quarter Housing and Market Survey found that 71% of homeowners believe that now is a good time to sell. This is a 10% increase from this time last year when 61% of homeowners believed then was a good time to sell.
This increase is likely attributed to the rises in home prices. Though homeowners confidence in selling has increased there is still a gap between their confidence and actually listing their home for sale. One factor stopping homeowners from actually listing their home is that they are content where they are. Low housing turnover is at the root of the supply shortage and affordability issue we have in the market today. Other factors preventing homeowners from selling are they are building their equity or they have low confidence about buying a new home after selling. For now there is still an inventory shortage in the market but this increased homeowner confidence in selling could translate into creating more inventory later in the year.
- 70% of those surveyed believe now is a good time to buy and 43% strongly believe now is a good time to buy.
- 42% believe that homes are affordable.
- 49% believe a higher income in necessary to afford to buy a home.
- 20% have considered moving to a more affordable community.
- 29% of those surveyed under the age of 34 have considered moving to a more affordable community.
Renters confidence regarding homebuying fell from 62% last year to 52% this year. Renters feel discouraged from continuing to pay rent year after year and watching home prices continue to rise.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - Happy Fourth of July! You can see fireworks tonight from Front Street in Lahaina, they we be shot off from a barge off the coast.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey Taylor R (S)
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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551 (293)
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254 (58)
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1085 (236)
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+10 |
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Condos
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694 (199)
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250 (28)
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1379 (177)
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-9 |
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Land
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330 (123)
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45 (10)
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166 (19)
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-13 |
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Total
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1575 (615)
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549 (96)
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2630 (432)
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-12 |
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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
111 Hoohale
Kihei
$1.25M (FS) |
A lovely single level 3 bed, 3 bath house with quality features and a pool, in an upscale subdivision next to Wailea. Kilohana Ridge is one of Kihei's most desired neighborhoods. This custom home boasts 11' ceilings, crown molding, central AC, pantry, laundry room, and tiled floors throughout.
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 83 Kulalani Drive
Kula
$1.315M (FS) |
This property features two homes perfectly spaced for privacy and convenience. Live in one and rent the other out, rent both out or live in one and have a guest home that will impress. The options are endless. The featured home is a custom built 2-story with 3 beds and 3 baths including a spacious suite downstairs and master upstairs.
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275 Hoopalua Drive
Pukalani
$1.36M (FS) |
This spacious home has 4 bedrooms (2 have en suite bathrooms) plus 2 very versatile (over 20’ x 26’) family rooms (1 downstairs, 1 upstairs). Pleasing fireplace bordered by built-in bookshelves in the great room. An office with French doors leading to the deck. Central propane heat with vents downstairs.
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425 Manawai Place
Haiku
$1.655M (FS) |
This property has all the benefits of an oceanfront property with none of the burden. It sits at the top of a bluff on the edge of a valley looking directly at the ocean. The owner constructed the smaller farm dwelling first and preserved the best building site for the main house. Included is a very nicely built, permitted structure that includes a large room with a complete bathroom and a huge 3 car garage next to it.
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Homes Under $1M
272 West Hawaii Street
Kahului
$530K (FS) |
Quaint and cozy, 3 bed, 2 bath, hollow tile home, with roomy family room. Yard (lot) completely enclosed for privacy. Large back yard for a garden. Extra storage space. Convenient location for access to shopping centers, businesses, recreational facilities.
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36 Alana Place
Makawao
$579K (FS) |
Charming 3 bed, 2 bath home in Makawao on a cul-de-sac. Many improvements over the years including a remodeled very spacious kitchen dining area, updated baths, new roof, exterior siding replaced with hardy board. Fully fenced, low maintenance yard. Property has a bonus room detached from the main house.
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23 Huluhulu Place
Kahului
$895K (FS) |
The contemporary design of this spacious 1,768 sq ft, 3 bed, 2.5 bath home has been enhanced with a wonderful kamaaina style, casual but elegant decor for a truly warm and comfortable ambiance. The flooring is mostly hard wood along with travertine and newly carpeted bedrooms. The ceiling is cathedral upstairs with central air and a photo voltaic system that's owned.
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855 Kuialua Street
Lahaina
$989K (FS) |
This large stucco finish house offers 7 bedrooms, 3.5 baths with 2,248 square ft living area. It is being use as 3/1, 2/1 and 2/1.5 by the garage. Great for large family or extended family. It has 46 leased PV installed on 03/2016 to enjoy the low monthly electric bill and new solar water heater installed on 03/2017.
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Vacation Condos Over $1M
The Ritz Carlton #1404
Kapalua
$1.044M (FS) |
The Ritz-Carlton Residences, Kapalua offer a lifestyle that includes nature at your doorstep with 1 bed, 1 bath residences that highlight the seamless transition from your home to the outdoors. Natural light floods the room. A sleek kitchen island awaits conversation and hors d’oeuvres (pupus) with good friends. And the kitchen itself is outfitted with fine Italian granite countertops and top-of-the-line appliances that proudly wear the names Wolf, Sub-Zero, and Bosch.
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Kaanapali Alii #1-103
Kaanapali
$1.65M (FS) |
This rare ground floor residence offers serenity and spacious living within a few short steps to the world famous Ka'anapali Beach. Smartly designed with two bedrooms and a den, this floor plan closely resembles a three bedroom style unit with 1,636 square feet of indoor living and a generous lanai for outdoor entertaining.
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Wailea Beach Villas #106
Wailea
$2.325M (FS) |
Lowest price currently in Beach Villas. Exquisite. Exclusive. Spacious Private. Sparkling white sandy beachfront, Oasis pools. Island lifestyle at its very finest, with large entertaining and living area, wide open floor plan for entertaining. Travertine flooring for the most discerning of homeowners. Chef's Delight kitchen with granite counters, top of the line appliances, island cook-top range, rich cabinetry galore for all your needs and more.
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Honua Kai Konea #529
Kaanapali
$2.55M (FS) |
K0529, a 3 bed, 3 bath home with unobstructed ocean views, is located in the desirable inner Konea courtyard. Enjoy whale watching while sitting inside your home or on the lanai! Unmatched views! Located on the 5th floor, this spacious home features gas Viking kitchen package with double ovens and wine fridge.
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Vacation Condos Under $1M
Pohailani Maui #243
Kahana
$359K (FS) |
Situated in a lush garden setting at the Pohailani condos in Kahana, this 2nd floor 2 bedroom, 1 bathroom vacation rental is turnkey and ready to go. One assigned parking stall located conveniently right outside of the building. Wall A/C units both bedrooms and living room. Bamboo flooring in living room, tile in kitchen, carpet in bedrooms.
Customer Listing Synopsis
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Island Surf #404
Kihei
$489K (FS) |
This unit offers 180 degree ocean views from this highly sought after Island Surf Condominium complex in the heart of Kihei. Enjoy watching surfers, stand up paddlers, and outrigger canoes as you relax from your lanai. Views from North Kihei all the way down to Makena and spectacular views of Molokini and Kaho'olawe islands. This 1 bedroom, 1 bath unit has been fully remodeled and appointed with upscale furnishings.
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Wailea Ekolu #1601
Wailea$664.9K (FS)
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The lowest priced 2 bedroom in Wailea that allows vacation rentals. This well-kept, spacious 2 bed, 2 bath unit is seamlessly expanded by the large outdoor living spaces, ideal for entertaining or enjoying the tropical, private atmosphere. Ground floor setting with no stairs results in easy access and superb natural light throughout.
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Grand Champions #184
Wailea
$699K (FS) |
Completely renovated top to bottom with brand new carpet completing this quality renovation. Starting on the lanai; new water heater, new full size stack washer/dryer, new tile on deck. Inside complete furniture package from Lifestyle Maui. New paint, new carpet, 3 new A/C units, granite counter tops, new stainless steel appliances, ceiling fans, lighting, remodeled bathrooms with new floor tile, shower tile, new sinks and cabinets.
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Residential Condos
Southpointe at Waiakoa #23-201
Kihei
$299K (FS) |
Fantastic move in ready 2 bedroom 1.5 bath second floor condo at Southpointe condominium in beautiful Kihei. Beautifully remodeled in 2015 featuring homeowners association approved Fujitsu split system A/C in both bedrooms, new stainless steel appliances, new fixtures, quartz counter-tops, Maui in stock cabinets with soft close drawers, Hamilton Bay ceiling fans and much more.
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Napilihau Villages #6-201
Napili
$345K (FS) |
Upstairs 2 bed, 1 bath unit in sought after Napilihau Village. A small ocean view is enjoyed from the front entry. You can walk to the grocery store, hair and nail salons, clothing store, postal store, restaurants and bus stop which are just around the corner. The bamboo wood and tile flooring makes for easy care and maintenance.
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Liholani Golf Villas #6
Pukalani
$499K (FS) |
Great Townhome in the desired Pukalani Area. 3 bedroom, 2.5 bath townhouse with 1 car garage. Priced to sell.
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Maui Realty Suites #504
Wailuku
$550K (FS) |
Spacious 2 bedroom, 2 bath corner unit located on the 5th floor with views of the North Shore ocean, including both West Maui and Haleakala mountains. Renovations include upgraded appliances, custom Siematic kitchen and bathroom cabinetry with granite counter tops, and updated bathrooms.
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Vacant Land
1835 Piihana Road
Wailuku
$115K (FS) |
Lowest priced buildable lot on Maui, and it comes with a brand new 5/8" County water meter. Priced $35K below County Assessed Value. Conveniently located only 5 minute walk to Wailuku town and less than a minute to Takamiya Market.
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535 Kaikoo Place
Wailuku
$239K (FS) |
This vacant lot is waiting to have a home build on ~ perfect if you are looking for surf, Big Lefts is just a few steps away. County water meter is installed. Land can come with Airstream trailer and pv system and so much more.
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