| Even with higher costs of raw materials and the prospects of higher interest rates, the housing market remains quite strong throughout the country and Maui is certainly no exception. Here and there you may see some pockets of weakness, but overall, the demand for affordable housing far exceeds the supply which is keeping upward pressure on pricing. As we have stated in the past, with home prices going through the roof, many first time home buyers are getting condos to start off with the hopes of trading up later on as they build up equity. In today's Newsletter, we have featured several affordable condos that may be suitable for either a principal residence or for investment. We still have the least expensive 2 bedroom condo on Maui at Harbor Lights #D-125 for $149K. It needs some TLC and is being sold "As Is", but at this price it is a deal. With a little remodelling this condo would make someone a nice home or could be rented out for up to $1250/month. Review all of the 2 bedroom condos under $260K.Would you like to receive full listing reports for properties that may be of interest to you? Our MLS system allows us to program in almost any criteria you can imagine, so that you can be automatically notified via e-mail when a new listing comes up. If you are interested in knowing about new escrows, listings, sales, or price reductions on listings in your neighborhood or particular condominium projects, we can do that as well. Just let us know what your criteria are, and we would be happy to set that up for you. Interest rates continue to fall with the 30 year fixed rate around 5 7/8% with zero points. If you have excellent credit, there are some super low interest rate programs at 3/4 point below prime which adjusts as the prime rate changes. With the prime rate currently at 4.5%, this would currently translate into a payment of only $1562 per month on a $500,000 loan. This type of program is normally not recommended unless you are planning to sell or pay off your mortgage within 3 to 5 years, or where you might be buying a fixer upper with the intention of remodelling and selling in the short term. Please let us know how we can help you with buying or selling real estate on Maui. If you are considering other Islands such as Kauai, Molokai, Hawaii, or Oahu, we have excellent agents on those Islands who are ready to help you. Oh and one last thing. Please don't forget that we love referrals. We would be especially appreciative if someone would refer us a buyer for our featured $46.5 Million Kauai Estate, the quintessential property in all of Hawaii. Have a wonderful week. Mahalo Nui Loa, The Smith Team (Greg, Ken, & Dawn)   P.S. We are happy to welcome Dawn back to our team. As a licensed Realtor®, she is ready and willing to answer all of your real estate questions and to make your next escrow flow as smoothly as possible. |
3901 Waakaula Street
Wailea
$1.925M (FS) |
| A bright and elegant 2-story ocean view executive home in this exclusive 61-lot subdivision inside the Wailea Blue Course. Spacious, open living area with panoramic ocean views from the upstairs master suite. Large front yard with one of the finest tiled pools in the Golf Estates. | 
196 Welau Place
Kaanapali
$2.365M (FS) |
| The I'luna Pau Loa (Above It All). This Ken Mishler built home blends top quality construction and workmanship, unique design features and unsurpassed Molokai, Lanai and channel views. Located in the prestigious Summit Estates. Features include lava rock pool and spa, oversized 2 car garage with golf cart entry, imported tumbled travertine floors, handcrafted bamboo ceilings, imported granite, hardwood and Ohia pole columns front and back. |
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92 Luluka Place
Kihei
$595K (FS) |
| Bright family home needing creative buyer's loving touches. Natural rock pool needs finishing & sealing. Could be pool or very attractive water feature. Quiet safe location at end of cul-de-sac. Peep of ocean view from 2nd floor. Lots of covered patio and open & covered deck space for entertaining or kids to play. Fourth bedroom & bathroom on 1st floor with extra separate entrance used as Studio @ $800/mo, all inclusive. Property being offered "as is" by motivated seller. | 
529 Kaiolohia Street
Kihei
$575K (FS) | | Pride of Ownership is evident everywhere you look. Crown molding, tile, bamboo, slate, vaulted ceilings, French doors, lots of storage, and beautiful landscaping. Quaint details throughout this meticulously maintained private residence with attached one bedroom, one bath Ohana. A sun room that evokes the spirit of Tommy Bahama. House is owner occupied, Ohana has month to month tenant. Excellent West Maui Mountain Views. Side yard boat storage bay. Convenient North Kihei location. | 
215 Kuualoha Street
Kihei
$525K (FS) | | Beautiful mountain view from the front and back of home. Well maintained with Central A/C. Extra large master bedroom with glass block. Unobstructed back view adjacent to Maui Waena playing field. | 
825 Mahealani Street
Kihei
$474.9K (FS) | | Corporate Owned. Perfect Starter home in Great neighborhood. Tile & Laminate wood floors throughout newer kitchen cabinets and a gas range. Fabulously landscaped. | 
165 Waipahe Street
Kihei
$575K (FS) | | Open beam natural pine cathedral ceilings, with large living room and dining area. Kitchen opens to dining room. Home is in good condition. Large private back yard. 500 s.f. Ohana is allowed. Mature tropical palms and landscaping. Excellent Central Kihei neighborhood within walking distance to dining, supermarket, theaters, beach, tennis and night life. |
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Vacation Condos Under $1 Million 
Wailea Ekolu #304
Wailea
$675K (FS) | | This fabulous Ocean View, Top Floor one bedroom, two-bathroom unit has it all. Its location is an easy walk to the Shops at Wailea and boasts panoramic views of the ocean and golf course. Priced to sell. Upgraded furnishings and beautifully decorated with vaulted ceilings. Unit is currently in the Destination Resorts rental program. |
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Residential Condos Under $500K 
Haleakala Gardens #15-B
Kihei
$269.5K (FS) | | Clean and ready to move in to ground floor unit with two parking spaces, full size washer and dryer, A/C in living and master bedroom. | 
Harbor Lights #D-320
Kahului
$166K (FS) |
| Beautifully remodeled 2 bedroom, 1.5 bath with great ocean views. Pergo floors, double paned windows, newer cabinets and counter tops are just some of the features of this light, bright and airy unit. Tenant occupied so 48 hours notice to show. American Home Shield warranty provided to buyer for 1 year from date of close. Maintenance fee includes electric. | 
Southpointe #23-201
Kihei
$259K (FS) |
| Desirable corner unit with covered lanai. Pride of ownership shows throughout this 2nd floor unit. Two assigned side-by-side parking spaces (570 & 571) are close to unit. Interior is newly painted and there is custom designed wallpaper and newer vinyl flooring in kitchen. Carpets were recently replaced and the refrigerator is one year old. There is also a new Panasonic remote controlled A/C unit in the living room and a portable air conditioner in the Master Bedroom. |
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Kulamanu Lot #356
Kula
$400K (FS) | | Beautiful bi-coastal views. Choice lot in the new Ridge at Kulamanu subdivision located off Lower Kimo Drive. Includes water meter. | 
335 Hololani Street
Pukalani
$349K (FS) | | Views of coast, West Maui Mtns. and Molokai. Nice neighborhood. Convenient Pukalani location. Close to schools and shopping. Site cleared and ready to build. Includes county water meter. Sellers purchased lot to build on. Plans have changed. | 
0 Kupaia Place
Kaunakakai, Molokai
$145K (FS) | | 2 acre lot with spectacular views of Lanai, Maui & Molokai coastline. Lot located just below the cul-de-sac. Seller is a licensed realtor. Subdivision has private water system. Water meter is $800 to install. |
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