 |
|||
| Issue 409 | January 4th, 2011 |
||
| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Best Beachfront Value
|
|
Aloha and Happy New Year from Maui! Can you believe 2011 is already upon us? As our team recently to a moment to reflect back on the past year, the unanimous sentiment was gratitude. Gratitude for friends and family. Gratitude for living on Maui. Gratitude for the best clients. And gratitude for the opportunities ahead. One thing we witnessed this past year was a considerable increase in sales volume of both single family homes and condominiums on Maui. Between January 2009 and November 2009, single family home sales volume on Maui was slightly over $430 million. Between January 2010 and November 2010 (December statistics are still being compiled), single family home sales volume rose to just over $564 million. That's significant. A 31% increase. You can see this change summarized here. The sales volume of condominiums rose during this same period from $529 million to $686 million—a 30% increase. See statistics here. Yes prices declined during this period, but even more significant, sales activity and resulting volume has been on the rise. There are some excellent opportunities to get in the game and grab your own piece of Maui in 2011. We'd love to hear from you. Give us a call @ (808)572-0866, or send an email.
P.S. Be sure to check out the Hyundai Tournament of Champions which is being played this week on Maui. This is the season opening event for the PGA tour. It will be played at the world class Plantation Course at the Kapalua Resort. Watch the event on TV. Or if you are on Maui, head out to Kapalua to see it in person. This year admission is free. Learn more about the tournament here. And if you have a taste for Kapalua real estate, be sure to check out the two Kapalua properties featured in this week's newsletter.
Mahalo Nui Loa,
The Smith Team
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
|
Market Watch for January 3rd, 2011
| Active | Pending | Sold | Change | |
|---|---|---|---|---|
| Homes | 817 (325) | 210 (19) | 809 (95) | -34 |
| Condos | 1243 (226) | 231 (13) | 1148 (164) | -33 |
| Land | 569 (145) | 27 (5) | 129 (15) | -26 |
| Total | 2629 (696) | 468 (37) | 2086 (264) | -93 |
|
1. The numbers in parentheses reflect the number of listings over $1M |
|
|
|
|
|
|
|
|
|
|
|
 287 Hoalike Street Kihei $239.9K (FS) |
Bank Owned. Great value for a home in North Kihei. Needs work and TLC. Vacant and easy to show. |
|
 33 Makaheli Place Kahului $368K (FS) |
Short Sale. Beautiful home in a great neighborhood on a quiet cul-de-sac. Close to schools, shopping, airport and much more. The home features bamboo flooring, vaulted ceilings, central air, a spacious open floor plan and a secluded backyard with lots of privacy. |
|
|
|
|
|
80 Moana Avenue
Kihei
$750K (FS) |
Bank Owned. Beautiful 5 bedroom / 3 bath home at Moana Estates. This house features wood flooring, corian counter tops, and ocean views. |
|
69 Pukolu Way
Wailea
$970K (FS) |
Beautifully maintained 4 bedroom/ 2.5 bath home in gated community in Wailea Kai. The main level features a gourmet kitchen with high end GE refrigerator and a commercial quality gas stove, separate living room and dining room, generous deck area, and a master bedroom and bath that lead to an outdoor hot tub. |
Ho'olei G-2
Wailea
$1.875M (FS) |
Beautiful three bedroom, three and one-half baths, 2,563 square foot villa with 600 square foot lanai located across from the Grand Wailea Hotel on Wailea Beach. This luxury air-conditioned residence is beautifully furnished with Hawaiian island decor. |
|
|
Bank Owned. This is arguably the best buy on Maui. If you are not familiar with Aina Nalu, you are missing out. This green resort is located 1 block from Lahaina’s famous Front Street, it is within walking distance to the best restaurants, shopping, surf spots and one of the area’s best walking beaches.
|
|
|
|
Best priced 2 bedroom condo at Kihei Garden Estates at time of listing. Beautifully upgraded 2 bedroom / 2 bath ground floor unit at Kihei Garden Estates. This unit is turn key and comes with everything that you see.
|
|
|
|
Wonderful oceanfront ground floor unit. Steps to beach close by. A/C inlcuded. Tile floor, and in private rental program. This is above Oneloa Bay, offering great north east views.
|
 Kihei Villages 27-201 Kihei $124.5K (FS) |
Bank Owned. Kihei Villages building 27, unit #201 is an upstairs corner unit, featuring 2 bed, 1.5 bath, breezy lanai, upgraded wood laminate flooring in living room, dining area, and in both bedrooms, plus tile floor in the kitchen and bathrooms.
|
|
|
|
Enjoy the wonderful ocean views from your lanai or take a swim in the nearby pool. This Wailea Palms ground floor 2 bed, 2 bath unit has been used very little and is in near new original condition.
|
|
|
|