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Market Update
Many people are taking advantage of the record low interest rates by either purchasing a property or refinancing their existing loan.
There is a great mortgage refinance calculator from television host and America's most recognized financial expert, Suzie Orman that will show you if refinancing your existing loan is worth it.
There are various factors to consider when refinancing your property including your current interest rate, new interest rate, closing costs, and how long you plan to stay in your home.
This calculator will show you how long it will take to break even on a mortgage refinance and if it is worth it to you considering how long you want to keep your property.
The biggest tip from Suzie Orman is that you DO NOT refinance your loan for a longer term than that of your current mortgage. She says that it is smarter to refinance for the same amount of time or less.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - It's almost time for the 90th Annual Maui County Fair. It will start on Thursday, September 27th at 4:30 p.m. to Sunday, September 30th.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for September 17th, 2012
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Active |
Pending |
Sold |
Change |
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Homes |
482 (229) |
273 (20) |
891 (122) |
+2 |
|
Condos |
791 (159) |
236 (11) |
1163 (71) |
-12 |
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Land |
408 (100) |
24 (4) |
142 (16) |
-3 |
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Total |
1681 (488) |
533 (35) |
2186 (209) |
-13 |
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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.
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Homes Over $1M
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4495 Une Place
Haiku
$1.149M (FS)
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Haiku estate situated in quality subdivision just above the Hana Highway with panoramic 270 degree ocean and Haleakala views. Quiet, hillside cul de sac street. This home is a must see, total interior remodel has been done on the 5,050 sq ft. Twin masters with vaulted ceilings.
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2315 Kekaulike Avenue
Kula
$1.529M (FS)
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This home is a work of art. The Hans Riecke Dutch Barn exterior design preserves the charming Upcountry ambiance. Locally grown hardwoods, Eucalyptus (blue gum, robusta, curly) Norfolk Pine and Douglas Fir were used to create a living space that feels like a mountain lodge. The spectacular ocean and Haleakala views overlook the former Erehwon Ranch. The 2 level flexible floor plan can be configured as separate living areas with 1 bedroom/1 bath upstairs and 3 bedrooms/1.5 baths downstairs.
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Homes Under $1M
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80 Kupalaiki Loop
Kihei
$198.9K (FS)
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Bank Owned. This property and is approved for HomePath mortgage financing and Homepath Renovation Mortgage financing. Purchase property for as little as 3% down, no appraisal, no MI. This is a PUD. $310 association fee that includes landscaping, trash, sewer, insurance and water.
Customer Listing Synopsis
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482 Kaao Circle
Kahului
$291K (FS)
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Short Sale. Two homes on an oversized lot in Kahului. Close to shopping, dining, schools and university.
Customer Listing Synopsis
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27 Alania Place
Kihei
$332.5K (FS)
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Bank Owned. Bids accepted for owner occupants, non-profits, and government agencies only, by registered HUD brokers at www.HUDHomestore.com until 10/11/12. Open to all buyers on 10/12/12 if not sold.
Customer Listing Synopsis
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344 Kulalani Drive
Kula
$386.9K (FS) |
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Bank Owned. This property is being sold as-is, with no repairs and subject to all existing tenancies. The buyer assumes all risks associated with the existing tenancies after the close of escrow.
Customer Listing Synopsis
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1200 Kokomo Road
Haiku
$611K (FS) |
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A fantastic half acre with beautiful views of the mountains, pineapple fields and ocean. This 2 story plantation style home was built in 2003 with a 2 car garage, a lean-to storage, and a free standing workshop. Great entertaining from the first floor with dining room, workspace, full bath, and wrap around covered lanai. All 4 bedrooms and 2 full baths are on the second floor. The master bedroom faces open pineapple fields with mountain/ocean views.
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201 Pau Hana Road
Makawao
$921.5K (FS)
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Short Sale. Large home with extended living area and rental income. Beautiful ocean views from this outstanding lot. This gated home has been built with steel and concrete, tile roof, and expansive decking throughout. Great for a family compound or rental income.
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Vacation Condo Over $1M
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Ho'olei F-1
Wailea
$2.95M (FS)
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Developer Deal. Extremely private and special location at Ho'olei. Villa F-1 is one of the premiere units in the entire neighborhood. Gorgeous ocean, mountain, and golf course views. Beautifully furnished by Latitudes and being sold completely "turn-key", with all furniture, electronics, and house ware items included.
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Vacation Condos Under $1M
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Kahana Villa E-609
Kahana
$399K (FS)
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Excellent Value. The best condominium available at Kahana Villa with an amazing ocean view from the living room, dining room, kitchen, and master bedroom. Completely renovated with it's own central air conditioning system.
Customer Listing Synopsis
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Kapalua Golf Villas 12T2
Kapalua
$410K (FS)
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Great townhouse right on the golf course with mountain and sunset views.
Customer Listing Synopsis
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Palms at Wailea #1706
Wailea
$675K (FS)
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This beautiful vacation rental is a short walk to famous Keawakapu beach. New furnishings and decor make this 2nd floor unit classy but comfortable. This property is being offered turn-key. The extra large lanai has a partial ocean view and overlooks a large lawn area for your enjoyment.
Customer Listing Synopsis
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Residential Condos
Ho'olea Terrace #703
Wailuku
$253.5K (FS) |
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Developer Deal. Brand new release, building is under construction so photos are of model home. Seller incentives of up to 3% for closing costs.
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Kai Ani Village 6-201
Kihei
$369.9K (FS) |
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Developer Deal. Kai Ani Village is Kihei’s most distinctive new condominium community. The “Mahina” floor plan offers the expansiveness of a combination great room and dining area that leads conveniently into a sleek contemporary kitchen. The spacious master suite offers plenty of room, as does the inviting lanai approached from both the great room and master bedroom.
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Hale Kanani 1-205
Kihei
$379K (FS) |
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The perfect location in Kihei's Gold Coast area. This unit is just across the street from Cove Park & Charlie Young Beach and a short walk to Kamaole Beaches I, II & III. Enjoy spectacular sunsets from this beautiful second floor, front row unit in the best building in the complex.
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Vacant Land
0 Kukio Place
Kula
$249K (FS) |
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Fabulous 1/2 acre ocean view lot in Kula, with arguably the best weather in the world. Located at the end of a private cul de sac just below the Kula Lodge, you will enjoy the ambiance, peace and beauty of Upcountry Maui.
Customer Listing Synopsis
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