Buyers and sellers alike will love the new Comparable Sales feature on the Smith Team website. Whether you’re trying to decide a fair offer for a property or you want to know how much you can expect to sell for, the Comparable Sales feature will be an invaluable resource for you.
This new feature compiles sales figures for similar properties matching your selected criteria. Most importantly, these figures will represent the sales by all agents, not just the Smith Team. The Comparable Sales feature therefore will give you a fairly good idea of the price for a particular type of property in a particular region. Sellers will be able to determine a fair asking price while buyers will be able to determine a fair offer. In addition, you’ll be able to get a sense of market conditions at a given time.
Most importantly, the feature is simple to use. Once you find a property of interest, you’ll notice the “Comparable Sales” button just above the remarks section.
Click on this button and you’ll be taken to a list of similar sales reported over the last 6 months on the MLS. Our Comparable Sales feature is easy to use and puts valuable sales information at your fingertips.
Some of the information you’ll get from the Comparable Sales feature include:
• Close date
• List price
• Sold price
• District
• Address
• Number of bedrooms and bathrooms
• Square footage (living and land)
• Views
Posted in Maui Real Estate | 1 Comment »
Read our Recent Newsletter.
Join Our Mailing List and receive your FREE Maui Real Estate Guide now!
Every year the Hawaii Business magazine painstakingly researches the sales figures of Realtors® throughout the Hawaii area and reports the Top 100 Realtors® in a special real estate issue of their magazine. Despite a struggling real estate market, certain Realtors® have managed to find success even in some of the most difficult areas and Ken Smith is an example of a Realtor® who has been able to maintain strong sales figures. But Ken isn’t alone in taking credit for these accomplishments; indeed, the entire Smith Team, namely Ken, his two sons Greg and Jeremy, and his daughter-in-law Melissa have all contributed their skills and resources to make this team a success.
The Top Realtor list is compiled for Hawaii Business magazine by Grant Thornton LLP, one of the leading global tax, audit, and advisory firms in Honolulu. By collecting data about various Realtors®, specifically their total sales volume in the single family and condominium home resale market, the list is created and represents one of the only objective reviews of Realtor® performance. The public listing is an acknowledgment of the fine sales skills of the top Realtors® in Hawaii.
Moreover, the list is meant to represent only sales by primary listors and original developer sales are not included in the figures. In 2009, the Smith Team accumulated a total of $19.27 million in sales and securing them a spot on this year’s list of Top 100 Realtors®. These Realtors® will then be celebrated at an exclusive event at the Royal Hawaiian Hotel.
Perhaps most importantly, this honor acknowledges the hard work and dedication that Ken Smith and his team put into their work. Despite falling sales figures in the overall real estate market, the Smith Team has been able to successfully sell homes throughout Maui. Even in the most trying of times, they work tirelessly to meet the needs and expectations of their clients. The Top 100 list released by Hawaii Business magazine proves that the Smith Team has the skills to negotiate fair sales even in the most difficult economic climate.
As the real estate market in Maui and throughout Hawaii climbs its way back from these more trying times, look to Ken Smith and his team to improve on their successes. The next several months should be a very interesting time in Maui real estate and there’s no doubt that the Smith Team will be leading the charge toward recovery.
Posted in Maui Real Estate, Hawaii Real Estate | No Comments »
Read our Recent Newsletter.
Join Our Mailing List and receive your FREE Maui Real Estate Guide now!
The past couple of years have marked trying times in the state of Hawaii but many will be happy to hear that leading economists are pointing to early signs of recovery. The University of Hawaii Economic Research Organization announced that despite low visitor figures, Hawaii is on the path to recovery.
As the tourist industry continues to slump, experts from the University are predicting a 2.9 per cent gain in arrivals for 2010 along with improvements in gross domestic product (GDP). Indeed, figures for Hawaiian GDP call for a contraction of about negative 0.2 per cent this year but point out that this is actually an improvement on the 1.3 per cent contraction that was estimated for 2008. Likewise, 2009 saw a GDP contraction of 0.4 per cent so while economists are cautiously optimistic there are early signs of improvement. Moreover, by 2011 these same economists predict GDP growth of 0.5 per cent.
The past year has certainly been a turning point for many businesses in Hawaii. The mostly unexpected economic downturn has prevented development and wreaked havoc with the tourism industry. Yet, as world and national economic conditions continue to improve, leading economists see bright things for the future of the Hawaiian tourism industry. At the moment, Hawaii is still suffering from serious state budget woes and job loss statistics whose impact is just starting to be felt.
Still, the University of Hawaii Economic Research Organization sees improvement in jobs figures in the near future. This year may see continued job losses, up to about 0.8 per cent, but as tourism improves the main job sources in Hawaii (retail, the visitor industry, and government) will see more jobs returning to the market. And while noticeable increases in jobs isn’t forecasted until 2011, visitor spending, construction employment, and building permits all seem to be recovering suggesting more future jobs.
Even inflation has been halted by the struggling economy, but the University is expecting a slight bump in inflation this year.
Posted in Hawaii Real Estate, Hawaii Tourism | No Comments »
Read our Recent Newsletter.
Join Our Mailing List and receive your FREE Maui Real Estate Guide now!
Have we hit bottom yet? That is one of the most frequently asked questions we get.
For the answer to this question, one should look at the statistics and see how they compare to past cycles. When you do that, we believe the data suggests signs that this current phase has indeed bottomed out.
For those of you have the time and interest, we highly recommend you listen to the Video presentations on the State of Real Estate 2010 by an esteemed panel of experts. Once you have done that, we would appreciate your feedback, and the conclusions you came to.
We don’t expect to see a quick recovery on Maui due to the large number of foreclosures that are still in the pipeline, but at least the light and the end of the tunnel has gotten much brighter.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. New Website Feature - We are very excited to announce that you can now pull up Comparable Sales information on our website. Once you do a search based on the criteria you selected, click on any one of the properties that came up and hit View Details. You will then see links in the Property Information Section (Just Above Remarks) as well as above the photos. The comps shown will be to all sales within the last 6 months reported in our MLS. Also, after being down for awhile, we again have the information from the Public Tax Records for all properties on our website. Click here for a sample.
.
Posted in Blog, Maui Real Estate, Hawaii Real Estate | No Comments »
Read our Recent Newsletter.
Join Our Mailing List and receive your FREE Maui Real Estate Guide now!
