Once in awhile, someone hits the nail right on the head. In his article, The Housing Crisis is Over, Cyril Moulle-Berteaux, writing for the Wall Street Journal's May 6, 2008 online edition, does just that. Please be sure to read this article, as it may give you a new perspective on the current state of the market and what is in store for us in the future. It is certainly not all doom and gloom, as many in the media would like you to think. Remember, bad news sells more papers than good news. Now this doesn't mean that we will see an immediate rebound in housing prices. In fact, we may still see further declines in some markets; however, based on statistical data, it appears that the worst may be over. Please check out some of our Hot Buys this week and let us know if something might be of interest to you. For a more complete list of Hot Buys, please click here. It is still a Buyer's market, so don't be afraid to make an offer. You just might be happily surprised at the results.Lastly, if you are looking for a "Legacy" property in Makena where you can build your own custom home, we know of a ground floor opportunity where you can buy in now at below market value. These lots are currently not listed. If you can afford to spend $2 to 3 Million and are interested in more information, please contact us right away. There are only a few lots available. With the amount of money that is being invested in Makena, it will undoubtedly become one of the most exciting and exclusive luxury destinations in the World. Have a wonderful week. Mahalo Nui Loa,The Smith TeamGregory P., Ken and Jeremy Smith R (S's) P.S. A year or two ago, you couldn't find a vacant 2 acre lot with an ocean view for under $600K. Today, we just listed a home on 2 acres in Haiku with an ocean view for only $549K. The home does need some TLC, but at this price, it is sure to go very quickly. One offer has already been submitted, but there may still be time if you hurry.
Market Watch for May 12th, 2007 | Active | Pending | Sold | Change | Homes | 1075 (490) | 170 (33) | 989 (186) | +23 | Condos | 1448 (332) | 123 (24) | 1140 (296) | +16 | Land | 517 (193) | 39 (24) | 173 (52) | -7 | Total | 3040 (1015) | 332 (81) | 2302 (534) | +32 |
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.
 2450 Waipua Street
Spreckelsville
$1.275M (FS) |
| This immaculate like new 4 bd. 3.5 bath home is located in Spreckelsville for a great Maui lifestyle. Walk to beautiful white sand beaches, play golf at Maui Country Club, shop and dine in quaint Paia Town, Maui's famous windsurfing beaches are close by, or just enjoy the swimming pool and built-in Jacuzzi in your own backyard. Home boasts a large tiled family room overlooking the swimming pool and outside dining area. |  283 Waiama Way
Haiku
$2.175M (FS) |
| Located in desirable Haiku Hill, this beautiful estate features magnificent ocean views of Hookipa and West Maui mountains and is only minutes away from the best that Maui's North Shore has to offer. Extraordinary design features Porte-cochere formal entry, gas fireplace with slate surround, eucalyptus hardwood floors, huge granite gourmet kitchen with Sub Zero, custom cabinets and wet bar. |  406 Monarch Place
Kapalua
$2.599M (FS) |
| Beautiful home built on a large size lot in Pineapple Hill Phase I. Just remodeled, this property offers magnificent ocean, island and sunset views. Offered fully furnished. |  837 Kai Hele Ku Street
Lahaina
$5.35M (FS) |
| This gorgeous 4 bd. 4.5 ba. home with a detached 2 bd. 2.5 ba. guest cottage sits high on the hills in Launiupoko. Sunset and ocean views of Lanai, Molokai and Kahoolawe from your living room and lanais, and the majestic West Maui mountains in the back. The main home has over 9,500 s.f. under roof, with 4,700 s.f. of interior living and 3,100 s.f. of outdoor lanai with an outdoor kitchen, BBQ area and spa. A large workshop for the craftsman comes with built-in cabinets, work benches, shower and sink. |  255 Noholike Place
Wailea
$5.988M (FS) |
| A 7 star impeccably furnished and computerized single-level custom home with sweeping ocean and mountain views situated on over one-half acre in Wailea's finest gated community on the 17th fairway of the "Old Blue" Wailea Golf Course. Residence features 4 bedrooms, 5.5 baths, electronic window coverings, high bamboo ceilings, coral walls, the finest in finish detail including travertine flooring, a true spacious gourmet kitchen and extensive covered lanais with 50 foot heated pool and spa. |
 95 Kealaloa Avenue
Makawao
$399K (FS) |
| Short sale. Fixer Upper. This extra large house has a lot of potential, however it is in need of updating and upgrading. The lower level is hollow tile brick, the upstairs is wood. |  122 Laumakani Loop
Kihei
$448K (FS) |
| Cute home in wonderful Kihei location, close to Pi'ilani Shopping Center, Safeway and Azeka Place. Single story 3 bedroom 2 bath home newly painted, newer carpet and ready to move into. Great opportunity to own a piece of paradise. House is wired for high speed internet access and garage is wired with 220 for the handyman. |  259 Anamuli Street
Kahului
$518K (FS) |
| Perfect location for this 3 bd. 2.5 bath home in a cul-de-sac in the second phase of The Legends at Maui Lani. There is an enlarged master bedroom with a shower glass door in the master bath, and a private master lanai area. The features include corian countertops, maple cabinets, energy efficient Whirlpool appliances, wood flooring, tile in kitchen and baths, carpet in the bedrooms, central A/C, window coverings, and a solar water heater. There is a large enclosed backyard area that is perfect for pets and children. Short sale. |  999 E. Kuiaha Road
Haiku
$549K (FS) |
| This one won't last long, fixer-upper on 2 acres with an ocean view. This 2 story home with flexible living plan needs some TLC but is basically sound. Home needs a new deck, and some other repairs. Being sold As-Is. Sellers will not make any repairs which is why they have priced it for a quick sale. |  1914 Ka'ahele Place
Kihei
$695K (FS) |
| Excellent Value. 5 bedroom 3 bath family home, plus mother-in-law quarters. A legal ohana space on lot is available. Reverse living with great room, master bedroom plus two extra bedrooms upstairs. |  84 Malapua Place
Kula
$819K (FS) |
| Peace and serenity await you at this lovely Kulamanu home. Fantastic split floor plan with the master on one end, two beds and bath on the other, and the downstairs living room & office, bed and bath. Priced much lower than any other home in the neighborhood. |
 Pukalani Fairway Estates #15
Pukalani
$563K (FS) |
| This spacious beautiful two story golf course single family home is located at the end of a private lane in a very quiet community of only 24 homes. The home is surrounded by the owners love of gardening filled with color and texture that makes this home a private retreat. Beautiful views of W. Maui Mtn., Valley Isle & fairway views. |
 Wailea Elua #2201
Wailea
$1.49M (FS) |
| Newly remodeled with beautiful granite counters, vanities, glass bricks and tile, all new furnishings, fresh paint, window coverings, flat screen TV and much more. Turn-key ready for your 2nd home or high-end vacation rental. Located in a very quiet area of the complex with easy access to the pools and beach. |  Kapalua Ridge 1413-14
Kapalua
$1.575M (FS) |
| The Best Deal in Kapalua. This is an excellent opportunity to own a beautiful two bedroom, three bath villa in Kapalua. Over 2,200 square feet, including the lanai. Stunning ocean, Plantation, and mountain views. Recently updated, in excellent condition, and extremely comfortable. Completely furnished with everything you need to continue renting to visitors or as a second home. |  Wailea Beach Villas PH210
Wailea
$2.595M (FS) |
| Enjoy ocean, Molokini and outer island views from this elegant 2 bedroom plus den and 2 bathroom unit in the private condominium complex of Wailea Beach Villas. Beautifully appointed throughout: Studio Becker cabinetry, African mahogany crown molding, granite countertops, high-end appliances and travertine flooring to name a few. |
Vacation Condos Under $1M  Koa Resort 2B
Kihei
$359.5K (FS) |
| Find peace in Kihei at your tropical oasis- Koa Resort. Come home to this beautifully remodeled upscale condo with all new appliances, crown molding, plush carpet, and beautiful tiles. Bathroom completely remodeled in 2007- you'll feel like you're walking into a private spa. |  Hale Kai O Kihei A119
Kihei
$459K (FS) |
| This recently remodeled ground floor unit was rented for 300 days last year - excellent rental history. Enjoy just walking out on to the lanai and strolling over to the pool, or going for a walk along a sandy beach. |  Maui Kamaole M108
Kihei
$559.9K (FS) |
| Immaculate unit in mint condition. Located at the end of the building creating a private quite atmosphere. Close to the popular tropical pool and tennis court. |  Grand Champions #61
Wailea
$600K (FS) |
| Short sale. Unit #60 closed at $945,000 on 7/26/07, so you can see what a deal this is. Lowest priced Wailea 2 bedroom condo that allows vacation rentals. There is a partial ocean view from the lanai. The upgrades include tile and Pergo flooring throughout, tiled lanai, freshly painted, new stove, microwave, washer, dryer, and refrigerator. |  Napili Point B-26
Napili
$620K (LH) |
| This is it, one of the most beautiful locations in all of West Maui. Outstanding ocean front large 1 bd. 1 bath situated on the cove where you can snorkel with turtles and surf winter waves, beautiful crescent white sand beach a few steps down a path to Napili Bay. View sunsets daily with the islands of Lanai & Molokai as your back drop. |
Residential Condo Over $1M  Loke Hale #202
Kihei
$2.168M (FS) | | A smaller four unit complex with Wailea style conveniently located in Kihei. This Oceanfront condo is two, bedrooms, two bathrooms upstairs - newly upgraded with limestone and granite, even newer lighting fixtures. Downstairs is a separate basement approximately 200 square feet that is currently set up as a gym or could be utilized as an office. A must see to appreciate the beauty! Ocean view from West Maui all the way down to Makena. |
Residential Condos Under $1M  Pacific Shores B410
Kihei
$364.8K (FS) |
| Stunning ocean views. Top Floor unit with two parking stalls. Across the street from the Ocean and only minutes away from shopping, grocery stores and boutiques. Recent upgrades include wall-to-wall ceramic tiles, kitchen and bathroom cabinets, custom mirrors for extra ocean views. Fuji Split-system air conditioning in main rooms. Murphy bed and most furniture is included in the sale. |  Iliahi At Kehalani 22D
Wailuku
$395K (FS) |
| Short sale. Great corner 3 bedroom 2.5 bathroom townhouse in excellent shape and ready to move in. Nice subdivision on the edge of Wailuku Town - close to Maui's center of government, schools, shopping, etc. |  Hale Kanani 3-102
Kihei
$425K (FS) |
| Spacious 2 bedroom 2 bath condo is ready for move-in. Located on the ground floor on quiet Kanani Rd., this unit has granite counter tops, ceiling fan, stackable washer/dryer, central A/C, wood cabinets, carpet, with ceramic tile in foyer, baths and kitchen. There is a large walk in storage closet inside and additional storage room on the lanai. Charlie Young beach and Cove Park are right across the street and its a pleasant stroll to shops and great restaurants. |  Hale Royale B101
Honokowai
$499K (FS) |
| 1,122 sq. ft. 2 bed 2 bath with 2 private lanais. Noise resistant concrete construction end unit with no one above or below or on 3 sides make this home quiet and peaceful. Open floor plan upstairs, vaulted ceilings, upgraded Oregon Ash wood floors, remodeled kitchen. The lower floor has been completely redone with tile flooring, state shower, new washer and dryer, fresh paint, crown molding and a 2nd private lanai located off the master bedroom. |
 Makila Nui Lot #2
Lahaina
$2.595M (FS) |
| Fantastic panoramic unobstructed ocean and island views from this 26 acre parcel. Parcel is zoned agriculture. This parcel has the largest building envelope of the Makila Nui subdivision, totaling 13.7 acres. Site work has been complete and includes an access road and two building pads. This parcel allows for construction of a main home and cottage. Cottage limited to 1000 sq. ft. of interior living space. |
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