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| Issue 379 | June 8th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
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Market Update
Typically the market slows down after high season ends, and that appears to be what is happening now. Sales for the beginning of June have been slightly less brisk then the pace we saw in previous months.
Part of this may be attributed to the home buyer tax incentive that expires at the end of June. Also, tourism and sales normally slow down between Spring and Summer.
We don't believe we are in for a double dip recession and a further fall in real estate prices. There is ample evidence to the contrary from around the country.
As the saying goes, "Time will tell". We are betting that people will look back in 5 years from now at the 2010/2011 period as having been the ideal time to get back in to the real estate market.
How about you? Hopefully you won't be one of those who says, I wish I had bought.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. Are you a film buff? If so, you don't want to miss this year's Maui Film Festival happening between June 16th and 21st. Hope to see you there.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for June 7th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 846 (342) | 238 (35) | 804 (105) | NC |
| Condos | 1252 (224) | 263 (11) | 1046 (168) | -12 |
| Land | 573 (156) | 29 (7) | 134 (22) | +9 |
| Total | 2671 (722) | 520 (53) | 1984 (295) | -3 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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This home is huge 4,452 sq. ft. home and 1,000 sq. ft. for the ohana. All located on 2.84 acres in a private, gated subdivision. The great room has open beams and a vaulted ceiling opening to a gourmet kitchen with beautiful inlaid wood countertop island. The home is designed to take advantage of the ocean breezes with many windows. |
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Owner may carry financing at preferred rate to qualified buyer. Luxurious Pineapple Hill Estate with panoramic ocean views, private in-ground swimming pool, Spa, covered lanai and much more. Home was completely remodeled and updated in 2007. Pineapple Hill is a high end gated community with direct access to Kapalua's fabulous golf courses. |
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This is the famous Kula Waterfall House in the pastoral, gated neighborhood of Omaopio Ridge now available for resale. Don't miss this second chance to own the most exciting home in Upcountry Maui. Built on the edge of a picturesque ravine, the home is entered through a 20 foot high tropical plant atrium with a dramatic waterfall and ponds which leads out to a 50 foot infinity-edge swimming pool and Jacuzzi spa cantilevered over the ravine. |
 13 Kuapapa Street Kihei $224.9K (FS) |
Bank Owned. Functional 4 bedroom. 1.5 bath house, but is waiting for your decorative fixes. Nice back yard with park area behind you. This Fannie Mae home offers HomePath Renovation Financing with as little as 3% down. Maintenance fee includes water, sewer, trash, park maintenance for $295/mo.
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Short Sale. Nice clean starter home for any family. Located in Waiehu Terrace, this 3 bedroom, 2 bath single level home features a generous yard, solar water heating, extra storage,and large living room with upgraded flooring. |
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 1094 Pookela Road Makawao $400K (FS) |
Short Sale. Makawao Acres 3b/2 ba fabulous views that sits on a large corner lot! Remodeled in 2007 with beautiful wood flooring, marble tile in bathrooms, built in entertainment center, French doors leading to the large tiled deck overlooking Maui. Beautiful nursery included.
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Bank Owned. House and cottage in desirable Upcountry neighborhood. Great opportunity for the investor or move up buyer. |
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Short Sale. 6 Royal Palms, framed by crisp white fencing & lava rock columns, adorn this 2 acre gentleman's estate nestled at the end of a quiet cul de sac in lower Haiku. Mature tropical landscaping surround this custom Plantation style home. The interior features an open living area flanked with Wainscoting, soaring 10 ft ceilings and cherry wood flooring throughout. The abundant double pane/double hung windows and transoms provide fabulous natural light and trade wind flow. |
Honua Kai #503
Ka'anapali $2.699M (FS) |
Listen to the sounds of the ocean from this 3 bedroom 3 bath condominium which overlooks the ocean and three beautiful pool areas at Honua Kai. This fully furnished property has designer appointments such as granite counter tops and fine quality furnishings. A spacious lanai enhances the outdoor living. |
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Bank Owned. Beautiful 2 bedroom 1 bath with Hawaiian tropical garden view.
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Bank Owned. Great South Kihei location across from Kamaole " Beach Park. Walk to pristine sandy beaches, restaurants, and shopping. Ground floor unit with mature landscaping around patio for added privacy. Easy access to parking, pool and tennis courts.
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 Kahana Village #16 Kahana $560K (LH) |
Toes in the Sand and Sea in a matter of minutes. This spacious 1,100+ sq. ft. unit offers 2 bd./ 2 baths. Turn-key just bring your suitcase. Unit 16 is nestled in this 42 unit quaint complex just adjacent to the pool and spa.
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 Lahaina Residential #122 Lahaina $60K (LH-FA) |
Bank Owned. Well appointed ground floor unit at the back of the complex. This one bedroom, one bath has a newer kitchen and bathroom. Lots of storage with newer doors. Washer and dryer can be put in the outside storage are off the lanai. Pet allowed. Fee available to buy out the lease - approximately $110,000. The Fannie Mae property can be purchased as little as 3% down and is approved for HomePath Renovation Mortgage Financing. |
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 Puuone Hale Alii #307 Wailuku $110K (FS) |
Short Sale. Bright, open floor plan. Direct ocean view. Renovated kitchen with new appliances, new interior paint. Washer/Dryer. Furnishings included in the sale. |
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Bank Owned. This 2 bedroom 1.5 bathroom apartment is located on the second floor of this secured building, with outstanding ocean and West Maui mountain views from the living room and master bedroom. New carpeting has been installed all that is needed is your TLC. |
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