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| Issue 315 | March 17th, 2009 |
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| Aloha ,
In this newsletter:
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Plantation Estates
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Market UpdateAlthough we have seen a nice uptick in the number of new escrows as compared with previous months, the inventory of unsold properties is still growing in all categories. The market continues to be dominated by Distressed properties, both short sales and bank owned properties (REO's). If you want to buy a property listed as a Short Sale, you will need almost infinite patience, and the likelihood of success at the end of the day is rather low. To get the best value and have the greatest chance of closing, we recommend either REO's or Developer Listings where prices have been greatly reduced and still negotiable with closing cost and financing incentives in play. Of course, there are also properties which are not Distress Sales that are excellent values. Each week, we strive to bring you the very best values on the market; however, keep in mind that these are only a representative sample. Please do your own search, and let us know if you find something that we may have missed. Keep in mind that once we have featured a property, we won't feature it again unless there is a substantial reduction in the price. Here is a complete list of properties that have been featured as Hot Buys on this and previous Newsletters. Because the market has dropped in the last 2 years, some properties that were previously mentioned no longer qualify as Hot Buys. The list will be updated today, so that it more accurately reflects current market conditions. Have a great week! Mahalo Nui Loa,
The Smith Team P.S. Breaking news yesterday was the State Supreme Court ruling against the Super Ferry.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for March 16th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 1091 (468) | 130 (21) | 816 (144) | +8 |
| Condos | 1741 (347) | 101 (7) | 681 (178) | +10 |
| Land | 643 (194) | 43 (18) | 72 (18) | -2 |
| Total | 3475(1009) | 274 (46) | 1570 (340) | +16 |
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1. The numbers in parentheses reflect the number of listings over $1M |
 212 E Ikea kai Place Wailea $1.175M (FS) |
Best value in Wailea Kialoa. This spacious well built home boasts both ocean and mountain views with an open floor plan and lush tropical landscaping. The flexible floor plan allows for an attached ohana/ in-laws quarters downstairs. Great potential in this home, just a short walk from world-class beaches, shopping, tennis, golf, and snorkeling.
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Brand new construction with seller financing available. With only landscaping left to go this house is near completion. Nestled in the Launiupoko valley of the majestic West Maui Mountains this home offers panoramic ocean views, 12 ft ceilings throughout, 2 master suites, gourmet kitchen, granite countertops, pool, spa, custom made front doors, and pass through kitchen window to the lanai. |
 280 Pukalani Street Pukalani $415K (FS) |
House has a million dollar view with potential to expand and sits large 1/2 acre lot. Square footage may not conform to tax records. Sale subject to probate confirmation.
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Short sale. Fell out of escrow. Perfect location for this 3BD/2.5BA home in a cul-de-sac in 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 bedrooms, central A/C, window coverings, and a solar water heater. |
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 594 Imi Drive Kahului $525K (FS) |
Enjoy the 4 bd./ 3.5 bath plus a large living room, den, workout room, laundry room and 440 ss. ft. trellised courtyard in this spacious home. The kitchen was remodeled in 2005, and new carpet and living room drapes were added in 2007. The huge master suite includes a bathroom with double sinks, roomy shower, and a truly huge walk-in closet. This master suite could easily be converted to an attached apartment.
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 8 Pu'ualoha Place Kahului $699K (FS) |
This former model home boasts many fine features and upgrades including: spacious living area w/ vaulted ceilings, wonderful master bedroom suite on first floor, large kitchen and dining/family room area. Corian countertops, elegant wood and ceramic tile flooring, stainless steel appliance package, front load washer and dryer. Large yard with room for pool.
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 180 Hui Road F Napili $899K (FS) |
Within walking distance of Napili Bay and a quick drive to the world renowned Kapalua resort. This 2-story home offers not only 3 bedrooms and 2.5 bathrooms but also an attached studio ohana for bonus living or a long term rental revenue stream. The ohana has a dedicated private entry way and the center piece of the yard is the large spa deck area.
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 107 Ka Drive Kula $985K (FS) |
Unobstructed views privacy and great location. This completely remodeled, comfortable, island style home, sits at the top of desirable Kula Kai Subdivision & backs up to the rolling ranchland. Seperate tutu / guests quarters.
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Sands of Kahana #344
Kahana $1.125M (FS) |
Remodeled, spacious 1,580 sq. ft. 2 bed 2 bath. Watch the whales, surf and West Maui sunsets from the comfort of this elegant furnished condo with amenities galore. On site restaurant, fitness room, 3 lighted tennis courts, large swimming pool with additional childrens pool, 4 BBQ stations, beach volleyball and more. |
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Puamana 240-6
Lahaina $2.795M (FS) |
Nicknamed the “Sunflower”, this oceanfront, luxury residence in Lahaina is steps away from a perfect sun-drenched shore with tall mature palms, perfect waves and endless sunsets. This private three-story corner-unit town home offers 2 bedrooms, 3½ bathrooms and much more. Architecturally designed in a holistic manner, this upscale, immaculately maintained property has it all - state-of-the-art gourmet kitchen, central A/C, prime beachfront patio. |
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Short sale. This almost new luxury 2 bedroom, 2 bath unit is in the heart of Lahaina. Bali style appointments, naturalized fountains and garden settings perfect for meditation or just relaxing generously dot this unique 8.6 acre property. The custom interior of this unit features 2 private bedrooms and baths, with natural stone tile showers and granite countertops. |
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 Maui Vista #2320 Kihei $359K (FS) |
Priced below contractor's cost. Exceptional third floor unit. You have to go see the pictures. Luxuriously remodeled. Come to check out every details in this remodeling.
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 Kapalua Golf Villas 25P3/4 Kapalua $650K (FS) |
Kapalua is the resort in Conde Nast's World's Best Island. The Mercedes Championship and a new LPGA tournament are played on courses you can enjoy at owner's rates. Enjoy one of the world's best beaches - Kapalua Bay - as well as dining at fine restaurants, hiking trails, and even a zipline for adventuresome nature lovers. |
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 Nohonani #403 Honokowai $665K (FS) |
Top floor 2 bedroom with loft for 3rd bedroom. Spectacular beachfront location with sandy beach. Snorkel and surf right in front of Nohonani. Panoramic Views with Incredible Sunsets over the Islands of Lanai and Molokai. |
 Kihei Villages 55-105 Kihei $200K (FS) |
Lender approved short sale at list price. Large yard, great for kids, pet friendly, 2 parking stalls # 292 and 339. Upgrades include 18 inch custom ceramic tile and custom paint. |
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 Iao Parkside 41-101 Wailuku $288K (FS) |
Offered for sale is a ground floor 3 bedroom, 2 bath corner unit with a large gated fenced in yard. Located in the newest phase of Iao Parkside. Situated away from the main road, next to the largest common area. Condo has 2 deeded parking spaces # 39 & #40. |
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 Ke Alii Ocean Villas G-101 Kihei $659.9K (FS) |
Live in luxury, in this spacious 2-level townhome in sunny South Kihei. Located across the street from the sandy Kamaole 1 beach. This residence include with an enclosed garage, central air, granite countertops, GE Profile stainless steel appliances, saline infinity edge pool, and a fully equipped gym to name a few. Includes a 10-year home builder's limited warranty. |
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 Wailea Town Center C-201 Wailea $985K (FS) |
A fully furnished 3 bedroom, 3 bath penthouse condominium at Wailea Town Center. Sweeping ocean and mountain views from large wrap around lanai. Private swimming pool and lounge area for penthouse owners. A one car garage with built in storage shelving. Spacious floor plan, built in custom BBQ on lanai, state of the art "cooks kitchen", large master suite with walk in closet, and elegantly appointed baths. |
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