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Issue 403 |
November 23rd, 2010
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Market Update
As the 2010 year rapidly draws to a close, and because of the Thanksgiving Holiday coming up in a few days, we wanted to take a moment to express our gratitude to all of our loyal customers and past clients.
2010 has once again been a banner year for The Smith Team. We will easily surpass last year sales by at least 30%. So far, we have closed on 52 transaction sides (sometimes we have both the buy and well side, which count as 2 transactions) totalling $24 Million.
With 11 more Pending sales, we should exceed $26 Million for the full year barring any last minute Escrow cancellations. We couldn't do this without the referrals we received and the support of current and past clients. We extend our sincerest appreciation and heartfelt wishes for a most wonderful Thanksgiving Holiday.
If there is anything we can help you with, please don't hesitate to ask. Also, don't forget for every referral we receive, your name will be entered in a drawing for a 2 night stay at The Fairmont Kea Lani Hotel.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team
P.S. Please become a fan of our Facebook page by clicking on the link below, and follow us on Twitter.
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 22nd, 2010
| Active | Pending | Sold | Change |
Homes | 846 (323) | 216 (22) | 839 (103) | -2 |
Condos | 1213 (219) | 244 (13) | 1135 (169) | -6
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Land | 582 (151) | 21 (7) | 128 (14) | +1
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Total | 2641 (693) | 481 (42) | 2102 (286) | -7
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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
166 Apuwai Street
Haiku
$1.373M (FS)
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Bank Owned. Here is your opportunity to own a home with one of the largest square footages
on Maui at over 7,000 sq. ft. on just over 2 acres with expansive ocean views as
well as the North Shore and West Maui mountains. This home would be ideal for
your extended family or possibly a B and B. The home includes a large kitchen
with 2 dishwashers, 2 microwaves, a double oven, an island with ceramic stove
top and a space for a wine cooler and space for 2 refrigerators.
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71 Government Road
Haiku
$1.791M (FS)
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Outstanding opportunity for this 18+ acre agricultural zoned property. Two of
the main structures allow for many opportunities. Main residence offers a large
kitchen with two attached yet separate bedrooms with full bathrooms.
Possibilities include single family compound, spiritual retreat, plus property
has an organic farm certificate.
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Homes Under $1M
895 Laalo Place
Lahaina
$386.9K (FS) |
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Bank Owned. County records show house is a 4 bedroom 3 bath home with living area of 1,712
sq. ft. Some of the improvements may not meet County codes.
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3248 Akala Drive
Kihei
$599.9K (FS)
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Bank Owned. This home features ocean views with 2 bedrooms / 2 baths upstairs and 2 ohana
units downstairs. There is also a separate office area downstairs by the garage.
In the front of the property, there is a 2 bedroom / 1 bath cottage. It needs
work, but could become a great property for an investor or a large family.
Agent Listing Synopsis
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29 Olinda Road
Makawao
$749K (FS)
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Short Sale. Exotic landscaping surrounds this 3 bedroom, 3 bath plantation style home
situated on 2.41 acres. Super location, up Olinda road, just above town. The
property includes a new 600 square foot barn, as well as a gazebo. The house was
remodeled in 2003, including a new roof, Red Oak floors, plumbing, and
electrical.
Customer Listing Synopsis
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Vacation Condo Over $1M
Residences on Kapalua Bay #1305
Kapalua
$4.5M (FS)
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These spacious units were designed with possibilities for entertainment. The
grand salon flows onto a lanai of substantial size, capturing the gentle
splendor of the surrounding environment. The orientation of this unit overlooks
Kapalua Bay, ranked "America's Best Beach" and captures the sunsets year round.
Ownership includes membership in The Kapalua Club with access to the private
beach club, adjacent spa facilities, tennis facilities and preferred tee times
at two championship Kapalua Golf courses. Seller financing available. Seller
will consider 50% ownership.
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Vacation Condos Under $1M
Waiohuli Beach Hale #102
Kihei
$303K (FS)
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Bank Owned. Waiohuli Beach Hale is a waterfront complex with all the amenities for short or
long visits. Vacation rental near the end unit, or live full-time. walking
distance to grocery stores, shopping. restaurants, schools and medical offices.
large floor plan opens to lush grass and ocean view sunsets.
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Ma'alaea Kai #209
Ma'alaea
$439K (FS)
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Excellent opportunity for an ocean front condo on Maui. This condo has numerous
design possibilities. Don't let this condo slip away.
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Kapalua Bay Villas 33G1
Kapalua
$617.9K (FS)
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Bank Owned. This fabulous Kapalua Bay Villa condo offers an Ocean and Sunset view. It is a
ground floor, corner, townhome unit with an upgraded kitchen & two baths.
Granite counters with tiled floors throughout. The Master bathroom has a huge
custom walk-in shower, tub and two sinks. There is a split system
air-conditioning unit on each floor. Window coverings throughout.
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Residential Condos
Kihei Villages 18-201
Kihei
$120K (FS) |
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Short Sale. Clean unit overlooking Honu Alahele single family homes, partially remodeled, 2
parking stalls.
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Haleakala Gardens 19D
Kihei
$159.7K (FS)
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3-Bedroom, 2-Bath End Unit with 2 Parking Stalls. Freshly painted and ready to
move into. Conveniently located near beaches, shopping, and restaurants.
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Master #507
Ka'anapali
$489.9K (FS)
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Bank Owned. The Masters is one of the premiere gated developments in Kaanapali Hillside.
Quality construction and expansive 39 acres of manicured grounds lend to the
privacy and beauty of this complex. This clean 1269sf. two bedroom and 2 bath
ground floor unit boasts ocean views towards the Island of Moloka'i.
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Vacant Land
0 Lower Kula Road
Kula
$399.7K (FS) |
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Outstanding 2.29 acre parcel in Lower Kula with ocean and mountain views plus rare 1" water meter. Excellent location at the top of L. Kula Road and Pulehu.
Customer Listing Synopsis
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