Record Home Sales & Prices in 3rd Quarter Existing Home Sales in the third quarter were the highest on record, with 48 states and the District of Columbia posting increases from a year ago. The median price of an existing home in the U.S. rose 10.1% during this quarter as compared with the same quarter in 2002. Although prices and sales are expected to be much tamer in 2004, the NAR chief economist still predicts around 4.7% price appreciation next year well ahead of the expected pace of inflation of just 2.7%. For more in depth reporting on these results, click here.Of course, as many of you know who have been following the market here on Maui, are rate of appreciation has been much higher than the national average. At the end of October, the Median Sales price for home on Maui stood at $527,500 up almost 35% from the median the year before at $391,200. It is no wonder why almost every day in the Maui News we read about the housing crisis and lack of affordable housing. On Saturday, 1800 people signed up for a lottery for 400 homes to be built in the Wailuku area by Spencer Homes. He is hoping to keep the prices between $200,000 and 250,000. Actually, before the lottery takes place, that number is supposed to swell to 3000 interested people. It is no wonder why there is so much interest since it is impossible to find any decent homes for under $300,000 in today's market.In this week's Newsletter, we are featuring best buys at The Whaler on Kaanapali Beach. This is one of the premium locations on Maui on a beach that has often been voted in the top 10 beaches in the World. For more information on the complex and to see site maps, please visit Whaler's Realty's excellent website, but please be sure to return to us when you are ready to buy.With Thanksgiving approaching, we want to give special thanks to all of our friends, family, past and hopefully future clients for making this our best year ever in real estate. We wish you all good health, happiness, and prosperity. Mahalo Nui Loa,Greg and Ken Smith 
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Whaler #470
Kaanapali
$750K (FS) |
| Only one Bedroom Two bath ocean view unit on the quiet courtyard for sale. This unit is in the Aston Rental Program and has been recently upgraded. | 
Whaler #457
Kaanapali
$850K (FS) |
| Great ocean view unit one stack back from oceanfront on "America's Best Beach". Unit is not in a rental program. Easy to show, owner occupied, call listing agent. Unique unit with washer and dryer. This unit is being sold furnished with the exclusion of wall coverings (pictures) and curio cabinets. | 
Whaler #707
Kaanapali
$925K (FS) |
| Great location one stack from direct OCEANFRONT situated at the heart of "America's Best Beach" courtyard facing southwest exposure!!
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Whaler #351
Kaanapali
$1.3 Million (FS) |
| Oceanfront Corner One bedroom two bath unit with unobstructed beach/ocean view. This unit has never been in rental program since owner remodeled the unit completely in 1990. Fully furnished including art. | 
Whaler #373
Kaanapali
$925K (FS) | | This corner two bedroom two bath is in the onsite Rental Program. The unit is one of the last units at the Whaler if the new Buyer wished to Keep this unit Grandfathered into eventually selling as a "Time Interval" unit in order to sell as time Shares. Owner can convey all 26 intervals to new Buyer or sell as a whole unit if the Buyer desires. |
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Vacation Condos $200 to 400K 
Makani Sands #209
Honokowai
$375K (FS) |
| Fantastic opportunity to purchase a 2nd floor, 1 bedroom in this prime oceanfront location. Easy access to condo via stairs or elevator. One of the finest oceanfront/beachfront locations for year round sunsets and whale watching! Maintenance Fee includes electric. |
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Vacation Condos $400 to 800K 
Wailea Ekolu #605
Wailea
$685K (FS) |
| The views from this condo are actually much better than the photo indicates. They are breathtaking panoramic views from Makena to the West Maui Mountains. This highly upgraded unit is, in my opinion, one of the best buys for a 2 bedroom in Wailea in this price range. |
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Residential Condos $100 to 300K 
Keonekai Villages 26-102
Kihei
$242.9K (FS) |
| Pride of ownership shows throughout this unit, as Seller has tiled the floors throughout. Features include mirrored closet doors in dining area, over-range microwave, tiled countertop, painted throughout, new fixtures in baths. Relax in the back yard surrounded by your own mature, lush landscaping. |
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384 Wekiu Place
Kaanapali
$1.96 Million (FS) |
| Brand new custom home located at one of the highest points in Kaanapali, offering unmatched ocean and resort views. Natural stone finishes of travertine, granite, limestone and porcelain used throughout compliments the beauty of European "Leicht" self-closing cabinetry. Expansive master suite and spa features a separate steam room. Beautiful island-style landscaping as well as a freeform pool and spa. |
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2740 Liholani Street #13
Pukalani
$449.9K (FS) |
| Former model home fronting the 5th fairway. Double glazed windows, vaulted ceiling, crown molding, laminate flooring, maple cabinets, Whirlpool appliances, and ceramic tile floors in bath and laundry room. Solar hot water, wrap around lanais, views, mature trees, fenced back yard, deluxe Jacuzzi, and sprinkler system. Great views of the golf course, Haleakala, harbor lights, and Central Valley. | 
1030 Laelae Street
Wailuku
$385K (FS) | | WOW...JUST REDUCED TO $385,000 ... 4 BEDROOMS, 2 FULL BATHS,STUCCO SIDING, NEW PAINT, NEW BERBER CARPET, NEW VINYL, NEW CABINET FRONTS. |
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Homes with Ohanas $400 to 600K 
40 Makani Road
Makawao
$439K (FS) |
| Three-bedroom main house with one-bedroom detached ohana located in Makawao on Makani Road near Kalama Intermediate School. All the convenience of location and the wonderful upcountry weather. House and ohana in very good condition. Loads of potential. Plenty of room to add a workshop or studio. House and ohana currently tenant occupied. |
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Wailuku Country Estates #61
Wailuku
$339K (FS) |
| This lot has views of the north shore, Haleakala and the West Maui mountains. Portions of the property have been partially cleared by the developer. Owner has paid for county water meter ($6,150), Association start up fee ($1000) and irrigation fee ($300). This is one of the largest lots in Wailuku Country Estates and includes portions of a gulch that will never need mowing. The gulch and slope would be ideal for raising goats, a form of agriculture acceptable for the county required Agricultural Plan. | Sorry. No Photos Yet Available0 Nahiku
Hana District
$295K (FS) |
| Do you want to get away from it all and play Tarzan and Jane? Here is your chance to own 57.94 Acres of Jungle about 15 minutes from Hana. Nahiku is one of the wettest spots on the Island getting an average of about 180 inches of rainfall each year, so water won't be a concern. Property taxes are only $5/month. |
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