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Issue 352 |
December, 1st, 2009
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Market Update
Although prices have not started rising yet; we have seen a large increase in the number of sales here on Maui which parallels what is happening across the country. Read more.
This is also apparent by looking at the number of Active Listings. This week, there are 886 active listings of homes for sale on Maui. In March of this year, there were 1061 Active Listings, a drop of 17% in less than a year.
In addition, the number of Pending Sales has almost doubled. All in all, this is harbinger of good times ahead, in our opinion. We expect 2010 to continue this positive trend.
Our featured property this week, Hale O' Ola, is one of the finest homes on Maui, and in one of the best locations. Check out their website, which has lots of great information including a link to some of the scenes that were shot for the reality TV show, America's Next Top Model. It should be obvious why they selected this home as a backdrop for many of their scenes as well as to house the models while they were shooting on Maui.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team
P.S. Please ask us about Auto-Notification, so that you never miss out on the opportunity to purchase the property of your dreams.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for November 30th, 2009
| Active | Pending | Sold | Change |
Homes | 886 (371) | 221 (30) | 642 (90) | -2
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Condos | 1389 (242) | 190 (10)
| 776 (148) | -3
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Land | 560 (179) | 39 (9) | 101 (30) | -6
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Total | 2835 (792) | 450 (49) | 1519 (268) | -11
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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
89 Puuhale Street
Ka'anapali
$1.349M (FS)
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Private foreclosure sale. Seller financing available. Suburb architectural design enhanced with comfortable
island style living sets a precedence for this unique residence, custom built
on a oversized 13,550 sq. ft. lot, offering spectacular ocean and island views.
Customer Listing Synopsis
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2365 Waipua Street
Spreckelsville
$1.495M (FS)
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Light, bright and open spaces in this wonderfully constructed 4 bedroom, 3.5
bath stucco home with grass pavers leading up to fenced entry and 3 car garage.
Marble floors, etched glass doors, gourmet kitchen, granite island, large
covered and open entertainment decks, 2 bd. suite downstairs, 75 foot
lap pool, and large living areas on each floor.
Customer Listing Synopsis
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430 Manawai Place
Haiku
$3.7M (FS)
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A private estate in one of the most spectacular settings on one of the most
beautiful islands in the world. Here is your opportunity to own a masterpiece.
Situated on 5.8 acres above the crystal blue Pacific, this home is part work of
art part home.
Customer Listing Synopsis
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Homes Under $1M
991 Iulani Street
Haiku
$285K (FS) |
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Bank Owned. Perfect first time buyer home. Well maintained, remodeled and on a quiet street.
Bamboo floors, custom counters and sinks, stainless range, refrigerator and
stack washer/ dryer.
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65 Maka Hou Loop
Wailuku
$478.9K (FS) |
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The Cottages offers 114 charming single-family homes nestled on the slopes of
the cool West Maui Mountains. Homes feature GE appliances including washer,
dryer, and laundry tray, granite kitchen countertops and marble bath
countertops.
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301 Hoohie Street
Kihei
$492K (FS)
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Short Sale. Great home for an extended famiily,consisting of 8 bedrooms with 3 family rooms.
Customer Listing Synopsis
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Vacation Condos Over $1M
Makena Surf C-106
Makena
$2.449M (FS)
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C-106 is conveniently located to two breathtaking sandy beaches as
well as the complexes two heated swimming pools, two hot tubs and lighted tennis
courts. Makena Surf’s gated entry provides enhanced privacy and security.
Customer Listing Synopsis
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Vacation Condos Under $1M
Kihei Resort #122
Kihei
$189.9K (FS)
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Bank Owned. Recently renovated 1 bd 1 bath garden view condo.
Customer Listing Synopsis
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Maalaea Kai #315
Maalaea
$314.9K (FS)
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Bank Owned Oceanfront. 1 bd. 1 bath in the front row. Tastefully remodeled kitchen and
bath. Tile floors. Lots of storage.
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Residential Condos
Lahaina Residential #213
Lahaina
$84.1K (LH) |
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Bank Owned. This is a very rare 2nd floor Lahaina Residential condo with a vaulted ceiling
and loft. This great community is located within walking distance to all the
best shops, restaurants, pubs and galleries that Lahaina Town has to offer.
Customer Listing Synopsis
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Kihei Villages 17-201
Kihei
$154.9K (FS) |
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Bank Owned. 2 bd. 1.5 bath with updated kitchen and bathrooms. Newer refrigerator, dishwasher,
oven and range hood. Wood laminate flooring in bedrooms. Washer/dryer included.
Easy walk to the beach.
Customer Listing Synopsis
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Hale Kanani 1-102
Kihei
$301.2K (FS) |
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Bank Owned ground floor condo directly across the street from ocean. Private lanai with ocean views, open floor plan.
Customer Listing Synopsis
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