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Aloha Valued Subscriber
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In this newsletter:
Short Sales
Homes
Condos (0)
Land (0)
New Properties (0)
Price Reductions (0)
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Hale Lani Estate
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Market Update
With recent wild swings in the stock market, and growing evidence that many previously hot real estate markets have topped out, many people are asking:
- Is it a good time to sell?
- Should I wait before buying a new, second, or vacation home?
- Will there be another real estate crash?
There are so many variables affecting the answers to questions 1 and 2, that I cannot give a definitive answer. It depends so much on your individual situation. Should you be considering buying or selling, I would be more than happy to discuss the pros and cons with you. Ultimately, though, each one of you will have to decide what is best for you.
As for the question of another real estate crash, I've done a fair amount of reading on the subject, and the consensus opinion, is no. We will not have another real estate crash according to most experts. Most real estate markets are expected to moderate in 2018 and 2019, and there is growing evidence of this happening already.
During the last 5 years, I have flipped a number of properties for my own personal account. I am still finding some opportunities to buy; however, it is becoming increasingly difficult because of other cash rich investors competing in a very limited area of the market. As my margins are getting squeezed, I am looking in to other alternative forms of investment such as hard money loans. If you are in need of such a loan, please contact me directly.
Have a wonderful week!
Mahalo Nui Loa,
Ken
P.S. - We are always happy to hear what you think, so let us know what is on your mind.
P.S.S. - Congratulations to our team member, Lindsey Taylor for getting married this past Saturday in Kula to Garfield King! It was a beautiful wedding celebration in Upcountry, Maui.
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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482 (258)
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140 (39)
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1148 (268)
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+3 |
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Condos
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533 (172)
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266 (37)
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1677 (272)
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+21 |
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Land
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317 (102)
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39 (9)
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210 (26)
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+1 |
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Total
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1332 (532)
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445 (85)
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3035 (566)
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+16 |
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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
484 Hoala Drive
Maui Meadows
$1.2M (FS) |
Ocean and mountain views from this two story home with high ceilings. This 3 bed, 3 bath impeccably maintained Maui Meadows home is tastefully upgraded with fine craftsmanship and custom interior door details.
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99 Laukahi Street
Kihei
$1.259M (FS) |
Welcome to one of the most spacious homes in Moana Estates recently renovated with stunning additions. Immediately upon entrance, feel the openness of the high vaulted ceilings as you walk up the stairs onto rich walnut flooring. The beautiful kitchen invites you with a large island and offers Corian countertops, built-in stainless steel appliances and a tiled backsplash.
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212 Plantation Club Drive
Kapalua
$6.495M (FS) |
This private estate is situated on the premier two-acres overlooking the 18th fairway of the famed Kapalua Plantation Course in the prestigious Plantation Estates community. Located just above the clubhouse with commanding views of the Pacific Ocean and neighboring islands of Molokai and Lanai, the home and cottage are perfectly situated to enjoy Maui's magnificent sunsets.
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Homes Under $1M
70 Koehana Street
Makawao
$643K (FS) |
Located on the mauka side of off Makawao Avenue bordering 400 some acres of vacant land makes this a perfect location and super private. This sweet home just went through a complete remodel with a brand new kitchen, bathroom, flooring, and roof. It has a modern design and lots of natural light with a fantastic back yard.
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481 Kahua Place
Paia
$699K (FS) |
Welcome to this beautifully remodeled 3 bed, 1.5 bath home located at the end of a cul-de-sac in Paia town and the beautiful North Shore beaches. New upgrades include vinyl wood plank flooring for durability, new kitchen cabinets with custom concrete counter tops, stainless steel appliances, as well as brand new bathroom upgrades with rustic touches and LED mirrors
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296 Haulani Street
Pukalani
$699K (FS) |
Enjoy the Upcountry lifestyle from this 3 bed, 1.5 bath, 1,104 sq. ft. home in Pukalani. Features include new exterior paint, newer flooring, cool breezes and great views from the living room and lanai of Ma'alaea, the West Maui Mountains all the way to the North Shore. This gently sloping, half acre lot affords lots of room for expansion of the main house and plenty of room for a possible second dwelling.
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2736 Puu Hoolai Street
Kihei
$825K (FS) |
Great neighborhood with no CC&R's, just blocks above Kamaole 3 Beach Park, one of south Maui's finest. This partially remodeled home has 3 bed, 2 baths upstairs and 1 bedroom downstairs.
Customer Listing Synopsis
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Vacation Condos Over $1M
Wailea Point 1401
Wailea
$5.2M (FS) |
Villa 1401 is a direct oceanfront unit at the prestigious Wailea Point. It has two master suites. One boasts two en suite bathrooms with a private garden view. The second suite features breath- taking ocean views and a private lanai. This villa was tastefully remodeled with custom koa woodworks and built ins, including a koa basket weave cabinet and foyer closet doors. It also features Brazilian cherry hardwood flooring, custom etched glass, and Artesian inlaid stone in the foyer.
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Kapalua Bay Villas #15B1-2
Kapalua
$1.495M (FS) |
This 2 bed, 3 bath villa in Building 15 of Kapalua Bay Villas has outstanding views from the spacious lanais on two levels. The lanais have been enclosed so you can whale watch when in season or look out at the island of Molokai and Hawena Point.
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Montage Residences #1102
Kapalua
$7.2M (FS) |
Very rare, ground floor, direct oceanfront, walk straight out to beach, pools, and all amenities. Very large expansive lanais which offer year round enjoyment, featuring an amazingly stunning gourmet outdoor kitchen for outdoor/indoor luxurious living. Lives and feels like home. Exquisitely upgraded, decor to the most discriminating of tastes. 3 full bedrooms ensuite, with office/den/additional guest room.
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Vacation Condos Under $1M
Kapalua Golf Villas #26T5-6
Kapalua
$625K (FS) |
Golf course frontage and a spectacular location at the top of Kapalua Golf Villas. All one level floor plan with a generous sized 1 bed, 2 baths and a large lanai that is partially covered makes for the perfect spot to relax and really take advantage of that indoor out door living.
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Kaanapali Shores #741
Kaanapali
$590K (FS) |
Remodeled 1 bed, 1 bath unit at Kaanapali Shores. Kitchen and bath upgrades include granite counter tops, cabinets, tile flooring, and new appliances.
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Kahana Reef #103
Kahana
$460K (FS) |
Relax in the comfort of your ocean front 1 bed, 1 bath home and enjoy year around postcard sunsets and bi-island views of Lanai and Molokai. Beautifully well-appointed furnishings, kitchen with granite-counter tops, light wood cabinets, tiled floors and many more features.
Customer Listing Synopsis
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Residential Condos Over $1M
Hokulani Golf Villas #57
Kihei
$1.277M (FS) |
This home provides one level living with additional 2 bedroom guest suites on the upper level. Hokulani Golf Villas have been uniquely designed to offer the comfort and privacy of a luxury home, combined with the carefree lifestyle of a condominium. Featuring natural stones, beautiful hardwoods, eco friendly design with soaring 12-foot high ceilings, spacious covered lanais and gourmet kitchens -- all in a gated community on the expansive greenbelt of the beautiful Maui Nui Golf Course.
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Keala O Wailea #104
Wailea
$1.575M (FS) |
Brand new front row spacious 3 bed, 2 bath unit ground level, corner residence in Keala O Wailea. Over 230 sq. ft. covered lanai opens up to a lush, green lawn, beautifully landscaped grounds, golf course and panoramic ocean and outer island views.
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Wailea Palms #2605
Wailea
$1.075M (FS) |
Wailea Palms 2605 is a ground floor unit with the most popular "B" floor plan. The south-side location in the complex allows for some ocean views, as well as sunset views during the winter months. A complete renovation included the kitchen and both bathrooms. New cabinetry, counter tops, fixtures and light fixtures.
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Residential Condos Under $1M
Maui Lani Terraces D-108
Honokowai
$245K (FS) |
Beautiful and very luminous unit at the Maui Lani Terraces complex. Upgrades include new paint, remodeled kitchen with granite counters, beautifully tiled walk-in shower, and new water heater.
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Kalama Kai #204
Kihei
$599.9K (FS) |
This new condominium community is conveniently located in the very heart of Kihei and just 200 feet from Cove Park, this well-designed, amenity-rich, 3-story complex offers 39 three-bedroom units and a single one-bedroom unit. This 3 bed, 2 bath unit has an open living/dining area, approximately 844 sf, and covered lanai of approximately 65 sf, includes split AC throughout.
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Kahoma Village #16-102
Lahaina
$552.5K (FS) |
Come Home to Kahoma Village, a new West Maui community right off Historic Front Street. Within the neighborhood you’ll find 3 different offerings to suit almost anyone; The Villas, The Courtyards and The Carriage Ways. Residents of the community will enjoy 3 parks, electric vehicle charging station and high-speed internet service. The location puts you right within walking distance to restaurants, shopping, Baby Beach and of course Front Street.
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Ke Alii Ocean Villas #J-203
Kihei
$899.7K (FS) |
This beautiful and spacious ocean view 2 bed, 2 bath residence with loft epitomizes modern and contemporary Hawaiiana living. This unit features a large covered lanai, high ceilings, stainless steel GE appliances, oversized dual glaze windows, ceramic tile, black granite counter tops, solid wood doors, Grohe fixtures, central air conditioning, and etc.
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Vacant Land
40 Hui Road E Lot 48-A1
Napili
$5.5M (FS) |
2018
Rare oceanfront offering located in prestigous Kahana between Kaanapali and Kapalua Resorts. This phenomenal site is situated at the end of Hui Road E on a promontory with smashing views. One of very few West Maui estate sites remaining. No homeowners association fees.
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Commercial Condo
Wailuku Industrial Park
Wailuku
$205K (FS) |
Commercial condominium comprised of 2 contiguous units: #301 TMK 2-3-4-043-050-0013 & #302 TMK: 2-3-4-043-050-0014. Can be purchased separately or together. Currently configured with 5 offices, 2 conference rooms sink and reception area, this 3rd floor corner unit with Ocean, Haleakala and West Maui mountain views has a flexible floor plan.
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