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Issue 221 |
May 27, 2007 |
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We hope you are enjoying a relaxing Memorial Day weekend with friends and family. Lately we have been writing about how the market on Maui has slowed a bit and prices have softened. In this week's issue we take a look back and compare what was happening in the market a year ago vs. today. Please refer to the Market Watch feature below which highlights this week's inventory and sales vs. a year ago as reported in our May 29, 2006 Newsletter. As you can see, we do have more inventory and sales have slowed from earlier levels especially in the condo market where sales are currently running about 50% below last years' levels. The home market which is less speculative in nature, has tended to hold up much better than either condo or land sales. In recent weeks, we have seen the Inventory of condos drop by about 50 units as more listings are going in to escrow. Hopefully that will mark a turnaround for the condo market, but it is still a bit early to tell for sure. Have a wonderful week. The Smith TeamKen, Gregory P., and Jeremy Smith R (S's)
P.S. Looking for a new home at an affordable price (by Maui standards), then check out D.R. Horton Hawaii's latest release at Na Hoku. Click here to view some of their new homes as well as a few left over in the Legends Phase II which is almost sold out.
Market Watch for May 27, 2007
| Active | Pending | Sold | Change | Homes | 888 (389) | 213 (66) | 1234 (319) | 0 | Condos | 1124 (201) | 162 (36) | 994 (162) | -25 | Land | 438 (185) | 69 (26) | 227 (71) | +7 | Total | 2450 (775) | 435 (125) | 2459 (560) | -18 |
Market Watch for May 29, 2006 | Active | Pending | Sold | Change | Homes | 736 (52) | 190 (70) | 1224 (248) | +9 | Condos | 1031 (177) | 144 (24) | 1862 (236) | +11 | Land | 367 (169) | 73 (29) | 422 (89) | +5 | Total | 2134 (691) | 411 (131) | 3561 (571) | +25 |
1. The numbers in parentheses reflect the number of listings over $1 M
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.
94 Alae Road
Kula
$1.25M (FS) |
| Sweeping ocean views command the bedroom and living areas of this newer two story gorgeous home located on the lower portion of Alae Road. Designed by Linda Lange and built by Aloha Builders, features include granite counters, hardwood, stone and tile flooring, large covered lanais, and walk-in closets in every bedroom. | 
220 E Ikea Kai Place
Wailea
$1.65M (FS) | | Completely renovated family home in Wailea Kialoa, one of Wailea’s best gated, & private communities. Like moving into a new home. Luxury stone floors, new high end Berber carpet, solid wood cabinetry throughout, gourmet kitchen, large master suite with double vanities and showers. | 
772 Kumulani Drive
Kihei
$2.15M (FS) | | Elegent resort home sits above Wailea on 1/2 acre in Maui Meadows Subdivision. This Split level home backs up to Haleakala Ranch with beautiful mountain views , stunning ocean views of the Island of Lanai and has wrap around porch. Main floor has living room, dining room and kitchen which opens up to tropical backyard with saline pool, waterfalls, outside bath/changing room, paddle tennis/play court and the ultimate cabana with spa and bar. | 
100 Kaimanu Place
Wailea
$4.488M (FS) | | Very rare single level home with Panoramic ocean views and year around sunset views situated on a two acre tropical estate in Kaimanu Estates, the best kept secret on Maui. Nestled minutes above the world famous Wailea Resort. Kaimanu Estates is a twenty acre gated community featuring nine homes all on two acres only minutes to the finest beaches, shopping and five star dining. | 
20 Hui E Road
Kahana
$8.95M (FS) | | Oceanfront Elegance at Keoninui Bay. The tropics meets the exotic in this Balinese influenced 6 bedroom 6.5 bath retreat. The natural slate and coconut wood floors lend contrasting complement to the antiqued pieces and weathered metal. The 2-story, fully-furnished home features a wine room, optional study or gym, and a separate ohana or guest unit. |
225 S Church Street
Wailuku
$449.9K (FS) |
| This is a bank owned property. Charming Plantation style home with nice touches. Upgrades to the interior include Laminate flooring, repainted interior, new ceiling fans, some updated kitchen cabinets and granite tops. Most of the home has been rewired and replumbed. Secured and enclosed covered 500 sf lanai off the back. | 
270 Kawailani Circle
Kihei
$600K (FS) |
| Affordable 3br 2ba 2 car garage ranch style home in a great location. 2 blocks from Kihei shopping (Safeway) and Waipuilani Beach Park. Features include Central Air, wide entryway, open floor plan, granite flooring in baths, fully fenced yard, & new front lawn, flowers, & irrigation. | 
22 Laumakani Loop
Kihei
$645K (FS) |
| Immaculate two-story 5 Bedroom, 3 Bath 1920 s.f. residence in The Meadowslands. Bamboo mocha hardwood floors, marble tile in entry, gorgeous chandelier, large open kitchen / dining/ living Room. Stainless fridge and sink . Travertine marble kitchen floor. Wrap around windows in living area offers gorgeous Haleakala and Ulupalakua views. | 
203 Hanalani Street
Pukalani
$700K (FS) | | Pay a large portion of your mortgage through rent options for main house either as 4 bd. / 2 bath or 3 bd. / 1 bath w/Studio / bath for extra income. In addition, rental income from 2 bd. / 1 bath cottage. Popular location in nice Pukalani neighborhood on over 1/2 acre w/ beautiful tennis court and shed. |
Wailea Beach Villas PH106
Wailea
$2.495M (FS) |
| Beautifully furnished 2 bedrooms 2 baths plus den "B" floor plan located on the ground floor of the Penthouse within Wailea's premiere beach front complex. Wailea Beach Villas offers extraordinary design, first class amenities and a way of life beyond anything you've experienced on Maui. | 
Wailea Beach Villas E102
Wailea
$4.495M (FS) |
| This exquisitely furnished 3 bedroom, 3 and a half bath villa unit provides the ultimate in Wailea luxury. From granite, limestone and mahogany finishes to it's private plunge pool off the wrap around front lanai you will truly experience the ultimate in Wailea living. Amenities include central air conditioning, security system, one car garage, adult pool and spa as well as a family pool area, fitness center, business center and owner's lounges and party room. | 
Wailea Beach Villas PH512
Wailea
$5.495M | | This spacious 3 bedroom and 3 bath 2,180 sq ft Penthouse Unit is exceptional. Must see to truly appreciate the beauty and the most dramatic 180 degree ocean view. Oversized doors open to spacious lanai. Enjoy all the amenities you would expect including the white sand beaches and pristine waters of Wailea. |
Liholani Golf Village #25
Pukalani
$555K (FS) |
| Stunning 3 bed 2.5 bath 1298 sq. ft. 2 story home on a corner lot gorgeously landscaped, offering beautiful views and serenity in the private Liholani Golf Villas neighborhood. This home has many upgrades and features such as Trex decks, double glazed vinyl windows, recessed, rope, and track lighting, ceiling fans throughout, maple cabinets, Pergo flooring, ceramic tile kitchen counters, Corian counters in bathrooms, crown molding, vaulted ceilings, mirrored sliding doors, 276 sq. ft. of attic space, and low maintenance fees. | 
35 Kaweo Place Apt. A
Kula
$695K (FS) |
| Cozy and private, charming with a woodsy ambiance describes this home in Kula Highlands. Add peacefulness with great ocean and sunset views make this is a must see home. Your will love the many decks, one including a private spa. You will also love the many fruit trees and other mature trees throughout. Home and property well maintained. | 
95 Hui Road F #B
Napili
$895K (FS) |
| Great Napili location with short walk to Napili Bay for swimming and snorkeling. Ocean Views from lanai and spacious living room and dining area with Master bedroom and master bath upstairs. Two bedrooms and a bath downstairs separate from main living area. |
Vacation Condos Under $1M 
Shores Of Maui #222
Kihei
$365k (FS) | | Perched directly across the street from Cove Park’s famous surfing spot. This neat and clean one bedroom one bath unit enjoys fabulous unobstructed ocean views. Includes a bonus 320 Sq. Ft. loft for all your storage needs. | 
Luana Kai B-110
Kihei
$449K (FS) | | Great Location steps to pool and beach. Own a oceanfront condo in tropical resort setting. Enjoy lounging by the lovely pool, jacuzzi, and pool hut. | 
Ma'alaea Banyans #112
Ma'alaea
$519K (FS) | | Looking south away from the sun's glare, at beautiful Haleakala, while the Sun or Moon rises over the mountain. This is old Hawaii, a real sense of Paradise. Gorgeous vistas of Kahoolawe, Molokini, and Maui's south shore. This ground floor one bedroom one bath condo is in immaculate condition, clean and neat as a button. | 
Whaler #165
Ka'anapali
$640K (FS) | | Popular ground floor remodeled studio unit which allows easy access to one of the best beaches in the world. Amenities include pool / spa, bar-B-Que, as well as to the fine dining and upscale shops of world renowned Whalers Village. Unit offers a tranquil and peaceful garden setting with ocean and sunset views from the lanai. A Murphy wall bed provides for extra living area. | 
Wailea Ekahi 26B
Wailea
$969K (FS) | | This upgraded one bedroom, two bath Wailea Ekahi residence includes built in natural wood cabinetry, marble tile entry, and an expanded master suite offering additional square footage. The tropical foliage surrounding the expansive lanai enhances privacy of this lower level unit. |
Residential Condos Under $1M 
Kihei Shores D-204
Kihei
$273.9K (FS) | | Unit has tile entry, kitchen, baths and living room, newer carpet, 6 panel doors, new hardware, A/C, ceiling fans in all bedrooms, newer blinds and more. | 
Keonekai Villages 7-203
Kihei
$315K (FS) | | Well cared for upstairs unit in the lower makai side of this quiet residential garden condo complex. Located in the Kamaole Beach Community, close to some of Maui's best beaches, restaurants, and shopping.
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Villas At Kenolio 1F
Kihei
$559K (FS) | | Spacious 3 bedroom 2 bathroom luxury condo with one of the largest common area walkout yards in the complex. This new 3 year old condo comes complete with tile and carpet flooring, corian countertops in both kitchen and bathrooms, and upgraded kitchen appliances. | 
Wailea Fairway Villas V-103
Wailea
$599K (FS) | | This is the opportunity you have been looking for in Wailea. Exquisite two bedroom two bath ground floor condo with partial ocean view from lanai. Custom subtle faux painting throughout, private garden location, upgraded lighting, fans and split system air conditioning. Located on the 16th fairway of the Wailea Blue Golf course featuring a clubhouse, BBQ and full kitchen, pool, spa, exercise room and walking paths. | 
Wailea Fairway Villas D-102
Wailea
$769K (FS) | | The 'D' building is the most private and sits at the north end of the complex where there are unobstructed ocean, outer island, and West Maui Mountains views. Great furnished ground floor unit. |
80 Opalipali
Kula
$1.089M (FS) |
| Great land value in gated community in lower Kula. Price below appraisal. | 
Plantation Estates II Lot 10
Kapalua
$2.175M (FS) |
| This is currently the lowest priced lot in the Plantation Estates! Enjoy sweeping views of Molokai, Lanai, the Kapalua Resort, and the famed Plantation Course from this spectacular location. Located behind the gate in Plantation Estates II, this 2.04 acre parcel is positioned to take advantage of Maui's amazing sunsets. Amenities in the 23,000 acre Kapalua Resort include championship golf courses, world class beaches, tennis and fine dining. Owners may join the Kapalua Club, which provides social benefits. |
Papohaku Ranchland #52
Molokai
$450K (FS) | | Ocean view lot located on a hilltop, with expansive views of Papohaku Beach, Diamond Head and Oahu. Beach is a short walk away. Kaluakoi Golf Course, located at the resort, is 1/2 mile away. Utilities are in at the property line. Maunaloa town is 3 miles up the road, with a general store, movie theater, post office and dining. | 
Papohaku Ranchland #91
Molokai
$550K (FS) | | 13.22 acres of gently sloping land with expansive ocean views and year round sunsets. Walk to the 3-mile stretch of Papohaku Beach. 18-hole Kaluakoi Golf Course is less than 1 mile away. Enjoy horseback riding through the countryside. Fishing, diving, surfing and swimming at nearby coves are just a few of the wonderful pleasures that await you at Papohaku Ranchlands. |
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