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Aloha ,
Market Update
Since last week's election interest rates are on the rise. The market is experiencing uncertainty which is causing mortgage interest rates to move up.
Mortgage rates tend to follow yields on the 10 year treasury note which saw an unusually rapid rise last week from 1.83% to 2.01% over the course of a day.
Last week the 30 year fixed rate mortgage rose to 3.73% from 3.69% according to Bankrates survey of large lenders. If you are looking to refinance now is the time as economists predict rates to only go up.
One theory as to why interest rates went up in reaction to Trump's surprising victory is the anticipation of more government borrowing to build promised infrastructure that could increase the budget deficit. The other theory is that foreigners are selling American bonds for fear of default.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Congratulations to Maui surfers Billy Kemper and Paige Alms on winning the 2016 Pe'ahi Challenge last week Friday, part of the 2016 World Surf League Big Wave Tour.
Melissa Smith R (B), Ken Smith R (S), 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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498 (269)
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235 (45)
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1056 (201)
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-9 |
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Condos
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776 (183)
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236 (20)
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1272 (163)
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+29
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Land
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361 (137)
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46 (6)
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159 (23)
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+6 |
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Total
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1635 (589)
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517 (71)
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2487 (387)
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+26 |
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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
320 Kainoe Street
Kaanapali
$1.359M (FS) |
Bank Owned - Located at the Hillside of Kaanapali this home features over 4,400 sq ft of living area 5 beds, 4.5 baths plus a bonus room. Fenced in back yard with a pool and hot tub, the kitchen is steps to the pool and spa which will make your entertaining a breeze.
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118 East Huapala Place
Lahaina
$2.2M (FS) |
Rare, 8.6 acre parcel with 3 bed, 3.5 bath main house and detached 2-level permitted barn property. Enjoy top of the neighborhood and end of the cul de sac location complimented by big time ocean and island views. 2 acres are fully developed, landscaped and irrigated leaving 6+ acres to complete the private family compound or build a separate cottage property.
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101 Ikena Kai Place
Kula
$2.8M (FS) |
Classic plantation custom home on 6 acres located at the idyllic upcountry elevation of 1,300 ft. This 3,204 sq ft home was architecturally designed by Hunton Conrad in 2006, has 3 beds, 2.5 baths, a game room, family room, large garage, and chef’s kitchen complete with cherry wood cabinets, a huge walk-in pantry and stainless appliances.
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Homes Under $1M
1809 Piihana Road
Wailuku
$395K (FS) |
Classic 3 bed, 1 bath plantation home, renovated in 2016. Light, bright, and airy, this home is ready to move in. Easy access to shopping, restaurants and health facilities. Large, fenced backyard with a storage shed. Experience cool trade wind breezes and beautiful West Maui Mountain and Haleakala views.
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823 Malulani Street
Kihei
$464.9K (FS) |
Bank Owned - 4 bed, 2 bath single story home in Piilani Phase I. Two car garage and screened in patio in back. Near Kihei Town and the ocean.
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1632 Haiku Road
Haiku
$499K (FS) |
Welcome to this well maintained home in lush and beautiful Haiku, close to West Kuiaha and the Pauwela Cannery. This 2 bed, 1 bath home is super sweet and clean, and offers a fantastic screened-in lanai to take advantage of indoor/outdoor living. Recently improvements include wood laminate flooring throughout and a remodeled bathroom.
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258 Kawailani Circle
Kihei
$675K (FS) |
Fabulous 3 bed, 2.5 bath home located in the desirable family friendly, Pi’ilani Villages II community. This home offers an owned photo voltaic system, central AC and a brand new solar hot water heater.
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908 Hoomalolo Place
Haiku
$795K (FS) |
This meticulously crafted home is located in a quiet gated community at the heart of Haiku, on Maui's North Shore. Enjoy a comfortable climate, lush vegetation and outdoor living in this 2 bed, 2 bath home. The 9ft ceilings, teak floors and glass sliders leading to the nearly 700 sq ft of outdoor living, give this home an open and clean feel.
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Vacation Condos Over $1M
Honua Kai- Konea #K243
Kaanapali
$1.499M (FS) |
Enjoy modern luxury on Kaanapali Beach. This spacious 2 bed, 2 bath unit has a 1315 sq ft living area, views of the beach and an outdoor lanai to enjoy sunsets and ocean breezes. The amenities of the 3 pools, cafe and market, Duke's restaurant, spa and fitness room complete the resort living in Honua Kai.
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Wailea Point #301
Wailea
$4.4M (FS) |
Nestled between Wailea and Polo Beach, this front row oceanfront unit at Wailea Point has phenomenal ocean views. This ground floor 2 bed, 2 bath residence was remodeled in 2004 with the finest limestone, granite, and wood materials. The open kitchen includes top of the line appliances and beautiful Hawaiian Koa wood cabinetry.
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Kaanapali Alii #1-206
Kaanapali
$4.95M (FS) |
Superb direct oceanfront, interior courtyard location. Kaanapali Alii 1-206 overlooks the sandy beach of Kaanapali and the neighbor islands of Lana'i and Moloka'i for year-round sunsets and a prime front row seat for whale watching. Superior upgrades with travertine flooring throughout, absolute black granite counter-tops in the kitchen and fossilized limestone counter-tops in the baths.
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Vacation Condos Under $1M
Maui Kamaole #H-110
Kihei
$625K (FS) |
Located in building H in the front row of the complex, unit H-110 enjoys one of the best locations in the complex with ocean view from inside the living area. This 1 bed, 2 bath ground floor unit is approximately 849 sq ft, with 2 lanais. The spacious master bedroom has an en-suite bathroom, lots of storage space and your own enclosed private lanai.
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Kaanapali Plantation #32
Kaanapali
$629,850 (FS) |
This 3 bed, 2.5 baths unit features two lanais, indoor laundry and is a large end unit away from the road. The Kaanapali Plantation complex is easy walking distance to Airport Beach and Castaways for a pupu, libation and sunsets. There is a nice pool, shuffle board, tennis court and BBQ area, plus a covered party lanai on approximately 10 acres.
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Palms at Wailea #2101
Wailea
$699K (FS) |
A fantastic 1 bed, 2 bath Palms at Wailea with great rental history and a very private setting. Recently remodeled with upgraded baths and new tile throughout the home and lanai along with many other improvements. This unit looks out over a private grassy lawn and even has some peek-a-boo ocean view through the trees.
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Residential Condos
Puuone Terrace #307
Wailuku
$149K (FS) |
Close proximity to shopping, medical facilities, parks, beach and dining. Some underground and street parking. Monthly maintenance fee is inclusive of electricity, gas, water, sewer, refuse, grounds/bldg. maintenance and master building insurance.
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Southpointe #22/202
Kihei
$227.9K (FS) |
Bank Owned - Cute 2 bed, 1 bath condo at Southpointe at Waiakoa. This unit has an open kitchen with pantry and is in a great location within the complex.
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Iliahi at Kehalani #14-B
Wailuku
$425K (FS) |
Well appointed 3 bed, 2.5 bath townhome with all the conveniences and walking distance to the newest elementary school, Pu'uKukui. This unit has been well maintained and features several upgrades. There are incredible West Maui and North Shore ocean views from every window.
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Napili Villas #7
Napili
$499K (FS) |
Great upstairs 2 bedroom unit at Napili Villas. Enjoy a glimpse of the ocean, beautiful sunsets and cool breezes from your private lanai. Located walking distance to the ocean and to the Napili Shopping Center where you will find banking, groceries, a variety of shops, salons and restaurants.
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Masters #3905
Kaanapali
$574.9K (FS) |
Bank Owned - This ground floor 1 bed, 1 bath unit at The Masters in Kaanapali has been remodeled with diagonally set travertine throughout the main living area and Brazilian Rosewood laminated flooring in the bedroom. The bath has been updated and fully tiled including the walk-in shower. This unit is on the upper location of the complex hosting ocean & outer island views.
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Hoonanea at Lahaina #412
Lahaina
$580K (FS) |
This spacious 3 bed, 2.5 bath townhome is now available in the sought after community of Ho'onanea. Comfortably designed with 1,395 sq ft of living area, this quiet condominium offers both privacy and functionality over three levels.
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Vacant Land
0 Olinda Road
Makawao
$599K (FS) |
Exceptional lower Olinda Road location, 1/3 mile to Seabury Hall. Beautiful land with large open, level and clear portion of acreage plus lovely tree-lined gulch with patches of forest and sloped pastures. Provides a unique and ideal setting for enjoying the expansive and open area and also having the contrast of protected, nestled-in spaces within the gulch area.
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4355 Melialani Place
Wailea
$1.85M (FS) |
An exceptional opportunity to own a panoramic ocean view lot in Wailea Highlands, Wailea’s most exclusive gated community. Comprised of custom homes on 22 large 1/2 to 1 acre lots, Wailea Highlands offers a captivating setting like no other. The lot has highly coveted ocean views from the West Maui Mountains to Lanai, to Molokini and beyond.
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