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The Smith Team - Two Generations of Satisfied Customers

  Issue 377 May 25th, 2010 
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million

Vacation Condo
Over $1M
Vacation Condos Under $1M
Residential Condos Under $1M
Vacant Land


  REO Properties

All  Properties

New  Properties
Price Reductions

Short Sales


New Properties
Price Reductions

 Market Update

Builder confidence reached its highest level since pre-recession levels in August 2007.  This is no surprise since the economy is rebounding and new housing construction has not kept pace with household formation.  Read more.
Other positive signs of the real estate recovery can be found in the number of closed and new escrows for existing homes.  Inventories are shrinking and prices are stabilizing throughout the country.
Even hard hit areas such as Las Vegas and Phoenix are experiencing significantly increased sales.  Reports from Santa Barbara are also encouraging for Maui, since our markets share many common characteristics.  The $1 to 2 million price range has seen inventory shrink from 13 months at the beginning of the year down to only 7 months now.
Our market typically lags behind West Coast markets by 6 to 12 months, so we feel that now is an ideal time to buy before the market inventory shrinks.  Actually, as you can see from our weekly Market Watch, the overall inventory on Maui for homes has shrunk from 18 months down to 13 months.
Have a wonderful week!
Mahalo Nui Loa,  

The Smith Team

P.S. Someone asked how we pick which properties to feature in our Newsletter.  In some cases, it is rather obvious...great price.  At other times, it may be inside knowledge, such as being privy to the owner's motivation.  In the case of our Featured Listing this week, Hale O' Oloa, we decided to showcase this property because of a $2 Million price reduction.  Is it a great price?  No.  It is still too high, but the substantial movement is an indication to us of motivated sellers.   

Smith Team Photo on Website.jpg

Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)

Market Watch for May 24th, 2010

 Active Pending Sold Change
Homes   858 (354) 242 (39)  798  (102) -10
Condos 1259 (226) 270 (18)   1018  (156) -3
Land  571 (160)  31 (7)  132  (23) +8
Total 2688 (740) 553 (54)   1948  (281) -5

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.

Homes Over $1M

610 Kaupakalua Road.jpg
610 Kaupakalua Road
$1.188M (FS)

This lush private oasis with a fabulous plantation style home that has been remodeled offers the luxury of 4 bedrooms, each with it's own private bathroom. The master suite has a private office that is equivalent to the size of a standard bedroom and two of the guest bedrooms have "finished" lofts with easy access. Virtual Tour.

Customer Listing Synopsis

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295 Pualoa Nani Place
$1.599M (FS)

See Molokini and enjoy dramatic 180 degree ocean views from the expansive great room! A few features are a tongue-in groove Douglas Fir coffered ceiling, low-E double paned windows, a built-in wall unit for large screen TV and stereo,and a built-in CD/DVD storage closet.

Customer Listing Synopsis

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338 Cook Pine Drive
$2.35M (FS)

Oops! This listing just went pending. This spacious, well-built 4-bedroom Pineapple Hill home features 2 generous master suites, with extensive use of marble in the bathrooms. This private location at the end of the cul-de-sac enjoys fantastic ocean views and privacy second to none.

Customer Listing Synopsis

Homes Under $1M

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246 Kawaipuna Lane

$299K (FS)

Bank Owned. Located at the end of Kawaipuna Lane, great backyard, Iao Parkside sits behind property. Home has been upgraded and remodeled some. A must see.


40 Puia Place.jpg
40 Puia Street

$589K (FS)


Short Sale. House and cottage in Maui Uplands. Features a community pool and tennis court. Main house has 4 bedrooms 2 baths upstairs, with a separate 1 bedroom 1 bath downstairs with a full kitchen and separate attached mother-in-law studio/office with private bath.

  Customer Listing Synopsis

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2668 Iolani Street

$639K (FS)

The double sliding glass doors from the wonderful living room disappear and open to a most spectacular covered deck with magnificent bi-coastal views. All in the midst of French country charm. This home offers a Wailea lifestyle right in Pukalani with cooling trade winds and easy access to great schools.


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1500 Malo Street

$646K (FS)


Bank Owned. Pool and Ocean view home.  Many improvements built without permit approval.

  Customer Listing Synopsis

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13 Puu Huna Street

$902.5K (FS)


Bank Owned. Nice home on a cul de sac up in Kaanapali Hillside. Detached 2 car garage, in ground pool, tile flooring, large master bathroom, large living area downstairs.

  Customer Listing Synopsis

Vacation Condo Over $1M

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Ho'olei G-6

$2.495M (FS)

Ho'olei G-6 is one of two very unique Hibiscus villas positioned directly over the pool area. This is the largest, and most highly sought after floor plan in the entire neighborhood, consisting of an expansive 3,076 feet of interior footage. With the covered lanai areas and attached garage, this villa is over 4,300 sq. ft. Relax with the comfort and ability to "lock and go" while at the same time enjoy the comforts of a condominium designed to feel like a stand- alone home. Virtual Tour.

Customer Listing Synopsis

Vacation Condos Under $1M

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Kihei Kai #15
$250K (FS)


Beachfront complex nestled on miles and miles of white sand beach at the edge of North Kihei.


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Kapalua Golf Villas 12T1
$499K (FS)


Priced to sell. 1 bd. 1.5 bath ocean and golf course view  corner unit.


Paki Maui 102 102A.jpg
  Paki Maui #102/102A Honokowai
$659.9K (FS)

Great value for this large 2 bedroom / 2 bath direct oceanfront unit at Paki Maui. It is currently used as a one bedroom unit and a studio. There are no appliances and furnishings in this unit.


Residential Condos

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Wailuku Townhouses #403
$199K (FS)

Short Sale. Outstanding Wailuku location across from One Main Plaza and the County Building, this fourth floor, 1 bedroom, 1 bath unit has been completely remodeled with new appliances, new cabinetry, granite countertops and more.

  Customer Listing Synopsis

Kamoa Views 305.jpg
  Kamoa Views #305

$225K (FS)

Central position in the building for views that extend from Kahoolawe to the West Maui mountains with the surf breaking visible from the lanai of this studio-style one bedroom, spacious and remodeled island condo.

Customer Listing Synopsis

Iliahi at Kehalani 6D.jpg
Iliahi at Kehalani 6D
$269K (FS)


This is a beautiful 2 story corner/end unit town home, perched on the side of the Mountain in Wailuku with Great Ocean Views. Features include Stainless Steel Appliances, Tiled floors, Lanai & Outside Storage. Iliahi at Kehalani is conveniently located just minutes from shopping, schools, medical facilities, county buildings, and Maui Lani Golf Course.

  Customer Listing Synopsis

Vacant Land

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3343 Anuwanu Place
$400K (FS)

This level large lot has been previously approved for a 9 lot subdivision. Presently it is used for grazing. Zoning does allow for residential subdivision uses.

  Customer Listing Synopsis

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Coldwell Banker Island Properties
3750 Wailea Alanui Drive Suite B-35
Wailea, Hawaii 96753

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