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| Issue 337 | August 18th, 2009 |
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| Aloha ,
In this newsletter:
REO Properties
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Keawakapu Beachfront
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Market Update
Are you looking for a brand new luxury home in an exclusive gated Golf Course Community in South Maui? Look no further!
For a limited time, the next 5 buyers will receive a $200,000 discount off the List Price at Hokulani Golf Villas. With prices starting at $989K, this works out to a discount of approximately 20%.
Call us for a personal viewing, or check out this Video Tour of the project as well as Virtual Tours for the following 3 models: House 1, House 2, and House 3. There are no better values for homes of this quality in this type of setting.
One out of every 5 new pending sales on Maui is an REO (Bank Owned) property. Because this is a such an important segment of the market, we are now including newly listed REO's as well as price reductions on existing listings that occurred since our last publication.
As a heads up, we are listing an REO home in North Kihei in the next day or two. This five year old, 2136 sq. ft. 3 bedroom 2.5 bath home with attached 1 bedroom ohana, has central a/c, granite counters in kitchen and bathrooms, Jacuzzi Tub, wood laminate flooring, and more. At $506,900, we expect it will sell very quickly.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team P.S. In the past, we have been less than enthusiastic about Short Sales; however, since banks are now approving many of them in less time, we will start including this category along with REO's next week.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for August 17th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 997 (407) | 147 (14) | 673 (102) | -4 |
| Condos | 1530 (284) | 138 (8) | 701 (161) | +1 |
| Land | 587 (178) | 39 (13) | 83 (30) | -7 |
| Total | 3114 (869) | 324 (35) | 1457 (263) | -10 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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This home offers exceptional, unobstructed ocean views from the upstairs living area, kitchen and dining area. Two large separate lanais enhance the spacious and open floor plan on this 2nd level. Oriented south, the views of Haleakala and the outer islands are beautiful. |
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Magnificent 4,200 sq. ft. custom built home with ohana. Open floor plan, great room features a 10' x 21' motorized door wall opens to 1,100 sq. ft. of Lanai. Granite and marble counters, African and Brazilian mahogany used extensively throughout. |
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Short Sale. One Palau'ea Bay, the exclusive, private resort community on Maui's vibrant leeward coast. To live in one of the 17 homes of One Palau'ea Bay is to experience a transcendent way of life, imbued with the mana (spirit) of old Hawaii. Residence 9 in all parts of the living areas, has uninterrupted views of the archaeological preserve, marking it as the residence with the most direct connection to history and tradition. |
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Bank Owned. This large 2 story home features central A/C, sprkinler & solar systems. Charming 1 bedroom ohana unit. Which has a private entryway and separate electric meters. Home is located on a flag lot with lots of privacy. Large back yard, huge deck, perfect for outdoor entertaining. |
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 2848 Old Haleakala Hwy Pukalani $630K (FS) |
Bank Owned. House and cottage in Pukalani. Main house is two story with mother-in-law quarters downstairs, ocean view from upstairs living area and lanai. Detached cottage has a 1 car carport.
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Unassuming exterior belies the charm and wow views from the interior of this well constructed home in Residences at Kulamalu. Absolute pride of ownership. Ocean, mountain, golf course and city light views are all waiting for you. Comfortable home has all those amenities buyers are looking for today. |
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 76 Kulipuu Place Kihei $759K (FS) |
Spectacular Haleakala and ocean view including Kahoolawe, Molokini, and beautiful sunsets. Detached cottage brings income to help pay your mortgage. This popular large model has one of the very best locations in Ke Alii Kai - away from traffic yet high up in a meticulous neighborhood to capture forever views.
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 149 Ku Drive Wailuku $895K (FS) |
Contractor's personal residence. Alterations can be made to personalize for your needs. Beautiful hilltop location, gracefully situated in a picturesque setting w/magnificent ocean, Haleakala, Kahului Harbor & N. E. coastline views. 9’ ceilings, high quality construction / workmanship, no CC & R’s.
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Ho'olei P-5
Wailea $2.2M (FS) |
Ho'olei is Wailea's new luxury planned community, located directly across from the Grand Wailea Hotel Resort and Spa. This exclusive neighborhood is comprised of 120 town homes. This 3 bedroom, 3.5 bath home offers a private entry and attached garage. You will feel right at home with features such as a private elevator, a gourmet kitchen with Wolf and Sub Zero appliances, and Snaidero cabinets. |
 Aina Nalu A108 Lahaina $325K (FS) |
This unit features over $40K of upgrades and furnishings to be included in the sale. It is in better than new condition and includes large flat screen televisions in the living room and both bedrooms. Fully furnished and ready to move in.
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Beautiful upper corner unit in a great complex in Wailea. This partial ocean view unit has several new upgrades including A/C in both the LR and the BR (found in few Palms units). |
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 Ka'anapali Alii 1-101 Ka'anapali $795K (FS) |
Ground floor large one bedroom two bath plus den unit. Just three units in from the beach. Stepping stone path to beach just outside your lanai. This price has not been seen in the Alii in over 5 years.
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 Wailea Ekolu #706 Wailea $849.9K (FS) |
Huge Unobstructable Ocean Views from this 2 bedroom 2 bath 2nd floor remodeled condo. Rated "A" in the Destination Resort rental program.
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 Hale Kanani 4-303 Kihei $329.9K (FS) |
Bank Owned. Highly desired complex within walking distance to Charlie Young Beach. Unit features travertine tiles, corian counters, ceramic tiles and more. No appliances included in this sale. |
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 Napili Villas #5 Napili $375K (FS) |
Short Sale. This immaculate 3 bed 2 bath condo offers many great options for buyers as an investment or primary residence. Private corner location with lots of windows offering mountain views, spacious floor plan of 1,098 sq. ft. |
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 Kai Makani 32-203 Kihei $396.5K (FS) |
Short Sale. Brand new never been lived in condo at Kai Makani Beach Villas. A pet friendly complex of 112 distinctive condominium homes located across the street from popular North Kihei windsurfing beach. |
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 Wailea Fairway Villas U-202 Wailea $455K (FS) |
Short Sale. Located in the fabulous Wailea Fairway Villas. Lovely granite counter-tops, top-floor with vaulted ceilings, split system A.C. in Living Room & Master Bedroom. This complex is one of the few newer condominiums in Wailea. |
 1 Piiholo Road Olinda $599K (FS) |
Incredible value for 6 acres in lower Olinda very close to Makawao Town and Seabury Hall. Great N Shore and mountain views. |
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