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The Smith Team - Two Generations of Satisfied Customers
Issue 300 Dec 2, 2008
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Aloha,

In this newsletter:
Market Update
Market Watch
Home Over $10M
Homes Over $1M
Homes Under $1M
Vacation Condo Over $1M
Vacation Condos $425K to $1M
Vacation Condos Under $425K
Residential Condos Under $1M
Vacant Land

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Market Update

With all of the doom and gloom in the news lately, we thought you might enjoy the following poem titled "Be Thankful", Author Unknown.

Be thankful that you don't already have everything you desire.
If you did, what would there be to look forward to?
Be thankful when you don't know something,
for it gives you the opportunity to learn.

Be thankful for the difficult times.
During those times you grow.
Be thankful for your limitations,
because they give you opportunities for improvement.
Be thankful for each new challenge,
because it will build your strength and character.

Be thankful for your mistakes. They will teach you valuable lessons.
Be thankful when you're tired and weary,
because it means you've made a difference.

It's easy to be thankful for the good things.
A life of rich fulfillment comes to those who
are also thankful for the setbacks.
Gratitude can turn a negative into a positive.
Find a way to be thankful for your troubles,
and they can become your blessings.

On a positive note, the 30 year fixed rate mortgage dropped to 5.5% with zero points on Monday. Please call or e-mail us if you'd like to find out about refinancing or getting pre-approved for a purchase.

As always, we are ready to help you with all of your real estate needs.

Have a wonderful week.

Mahalo Nui Loa,

The Smith Team


Left to Right: Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)

Market Watch for December 1st, 2008

Active
Pending
Sold
Change
Homes
1068 (431)
87 (15)
938 (160)
+7
Condos
1635 (356)
85 (14)
824 (223)
+13
Land
556 (168)
14 (6)
109 (39)
-26
Total
3259 (955)
176 (35)
1871 (422)
-6

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.


Home Over $10M


226 Keoawa Street
Kapalua
$12M (FS)
Words are inadequate to characterize this builder's vision & manifestation of style, detail, & dedication to quality. With beyond forever ocean, sunset, outer island, & mountain views from this 5.96 acre Honolua Ridge top parcel. A Grand Porte-Cochere, some 25ft. high, rendered in African sapele mahogany, bordered by cascading waterfalls frames the custom mahogany & glass 10 ft. tall double entry doors.



Homes Over $1M


25 Kili Nahe Street #7
Napili
$1.195M (FS)
Unique opportunity to own a brand new home and cottage. Home will have central air, 3 bd., and a family room/study plus 2.5 baths. Included will be granite countertops, new appliances, and an attached 2 car garage. This 7,513 sq. ft. parcel with home and cottage is located in a brand new development located in beautiful Napili, directly above Alealoa on the corner of Napilihau St. and L. Honoapiilani Rd. This private and very desirable location includes 9 home sites and a small park.


1020 Polipoli Road
Kula
$1.45M (FS)
If you are looking for a deal Upcountry, this is it. The acreage, living area and quality of this home could not be duplicated for the price in picturesque Keokea. From the exterior architecture to the interior details, the home exudes personality and reflects the love and care that went into its creation. Lifetime materials: cement lap siding, lava rock skirting, a 50-year presidential roof, double pane Pella windows, bamboo floors, solid maple cabinets, marble, travertine, granite, 2 fireplaces, 2 furnaces, crown molding and custom koa railings are just some of the special details you will find on the features list.


25 Kapuaimilia Place
Haiku
$1.95M (FS)
Big, beautiful custom home and cottage on 2 professionally landscaped acres. A mini mansion at 5,000 sq. ft. of living area with 4 bedrooms, 3 baths plus several bonus rooms which could be utilized as a family room, media room, home fitness center, wine cellar, home office, or kids playroom. Plenty of space for storage. In ground swimming pool and spa. There is also a 1,000 sq. ft. cottage for family, friends or additional income. High quality materials throughout. Solid Oak and travertine flooring, granite counter tops in kitchen and baths, custom maple cabinets.



Homes Under $1M


565 Kaiola Street
Kihei
$449.5K (FS)
Bank owned. Large 5 bedroom/ 3 bath single story home in North Kihei. Needs some minor repairs. Low maintenance fenced yard.


Cottages at Kehalani #32
Wailuku
$499K (FS)
The Cottages offers 114 charming single-family homes nestled on the slopes of the cool West Maui Mountains. This subdivision features six unique floor plans of three bedroom homes for buyers to choose from. Homes feature GE appliances including washer, dryer, and laundry tray, granite kitchen countertops and marble bath countertops. This is a floor plan 4 with a Plantation exterior. Upgrades includes Central A/C, slider doors in dining and master, under counter lights at kitchen and window blinds.



Vacation Condo Over $1M


Makena Surf B-206
Makena
$2.7M (FS)
Spectacular ocean views. Direct beachfront unit in a rarely available "B" building. This building generates the highest rental rates in the complex. Year round sunset views.



Vacation Condos $425K to $1M


Luana Kai B-303
Kihei
$449K (FS)
Ocean views and all new furniture, appliances as of August 1, 2008 including new self cleaning glass top stove and new master suite from Peir 1. Lowest priced oceanfront 2 bedroom 2 bath (over 900 sq. ft.) in Maui. All new roofs, pool, pool deck, spa and Tennis courts in front of property. Great ocean access too. Currently rented for $2,000 a month, long term.


Maui Kamaole E-103
Kihei
$474.7K (FS)
One of a kind, ground floor condo, in one of the most desirable, South Maui, vacation rental complexes. Beautifully upgraded throughout including flooring, bathrooms, water heater, dishwasher, washer/dryer and a Jacuzzi tub in the master bath. Not another one like it. A must see.


Ka'anapali Shores #235
Ka'anapali
$499K (FS)
2 bedroom / 2 bath resort condo. Enjoy the lush grounds, koi ponds, 2 pools and oceanfront location of very popular Ka'anapali Shores. An extremely well run rental program with Resort Quest books this unit when not owner-occupied. Front desk and concierge on site. Unit 235 is in a quiet, cool location.


Sugar Beach Resort PH23
Kihei
$545.3K (FS)
Gorgeous panoramic ocean views and the sounds of the waves await you at this penthouse Sugar Beach Resort. Central a/c and electricity included in monthly maintenance fee. Washer/dryer in unit… Enjoy the oceanfront swimming pool, jacuzzi and BBQ pavilion… This unit is in the north oceanfront building at the complex, and is in part of the phase of units that has already undergone the months of inaccessibility due to major complex renovations, including new central a/c, roofing, exterior paint, railings, etc. Bank owned.



Vacation Condos Under $425K


Kihei Holiday #112
Kihei
$250K (FS)
Here is your opportunity to own or fix up a great 2 bd. vacation rental condo in a well maintained North Kihei property. Relax at the pool, spa or BBQ area, or enjoy a long walk on Sugar Beach with the West Maui Mountains as your back drop. Wind surfers launch directly from across the street. The complex is zoned for vacation rental and allows pets.


Kamaole Sands 5-104
Kihei
$399K (FS)
This ground floor unit is located adjacent to the swimming pool in Building 5 ,which faces the ocean in the courtyard of the complex. Wonderful location with garden views and privacy. Step off your lanai and enjoy the expansive lush garden area outside your unit. One of South Maui's greatest beaches is a very short distance across the street. Kamaole 3 Beach Park has a huge grass park with shade trees, bathrooms, showers and a lifeguards. See why many visitors come here year after year to vacation at Kamaole Sands.


Ka'anapali Royal E-303
Ka'anapali
$410K (LH-FA)
Fantastic location in the building E, overlooking the beautiful fairway. This corner, top floor unit comes fully furnished with all the amenities you will need for your luxury living. Conveniently located next to the pool yet very private. Just a few minute walk to the beach, Whaler's Shopping Village and Restaurants. This gated community offers heated pool and spa, 2 tennis courts and BBQ areas.



Residential Condos Under $1M


Iao Parkside 38-104
Wailuku
$199K (FS)
Bank owned. Looking for a deal. This is the least expensive ground floor 2 bd. 2 ba. available. Needs just a little TLC.


Keonekai Villages 25-201
Kihei
$219K (FS)
Bank owned unit. Upgraded kitchen. Needs new appliances. Laminate floors. A diamond in the rough for the right Buyer. Seller will pay up to 3.5% of purchase price in closing costs for offers presented Oct. 23, 2008 thru Jan. 31, 2009. Escrow must close by March 14, 2009. Offer valid only on owner-occupied, financed homes. 1% closing cost offer on owner-occupied, cash sales.


Villas at Kenolio 6H
Kihei
$339K (FS)
This 3 bedroom 2 bath condominium is a ground floor unit. The unit is freshly painted, cleaned and is easy to show as it is vacant. Enjoy the private peaceful and serene setting with views of the natural Wetlands from the kitchen/dinning area and the 2nd bedroom. The Villas at Kenolio is a newer complex and has a huge swimming pool, spa, BBQ, gym, and children's play area that is unmatched in Kihei. The complex is only one short block to the beach and offers quick access to the Maui Bus Stop with close access to Kahului, Wailea and/or the Lahaina junction.


Cottages at Kulamalu #5
Pukalani
$445K (FS)
The beautiful Iwi model is one of the paired condominium homes available at The Cottages at Kulamalu. Special features include: central A/C, solar attic fan, dual pane windows, elevated ceilings, GE stainless steel appliances, washer and dryer, 2 Car Garage and full insulation package.



Vacant Land


60 Halekuai Street
Kihei
$399K (FS)
10,271 square feet of buildable flat land. Listed at $38.85 per square foot, Priced to sell immediately. Fantastic Haleakala and wetland views from this lot, situated right next to wetlands, behind Maui Dive Shop. Excellent location for office, retail, etc. Complete set of building plans available with the purchase. Conveniently located within walking distance of restaurants, medical offices, shopping centers and South Kihei beaches.


306 Ali'i Way
Ka'anapali
$450K (FS)
Fabulous ocean view lot in exclusive, gated Ka'anapali Golf Estates. A short golf cart drive to world class beaches, golf, shopping and restaurants. This beautiful lot overlooks a popular, established neighborhood, ensuring the view will not be blocked. Nearly a third of an acre-13,718 sq. ft.-at the end of a cul-de sac, ready for your plans.