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Market Update
According to research conducted by JPMorgan Chase, the shadow inventory of troubled mortgages and foreclosed homes saw a 1.2 million decrease in the first of the year. They expect the progress to double by the end of this year.
This is due in part to the rising number of short sales which has allowed the banks to get rid of some of their shadow inventory. This should prevent downward pressure on home prices going into 2013.
In local news, the Maui County's Department of Water Supply has found added water capacity in the Upcountry area that can be used to eliminate the waiting list for new water meters.
The priority list dates back to 1994 with 1,474 applicants. The plan calls for maximizing the use of surface water in Upcountry. To learn more click here.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. -The restaurant, Ko at the Fairmont at Kea Lani Resort in Wailea is offering a Kama'aina discount for 50 % off entrees from 5 to 6 p.m. and 8 to 9 p.m. at the regular dining and 50% off all day at the bar. To make your reservations, contact 808-875-2210.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for September 24th, 2012
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Active |
Pending |
Sold |
Change |
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Homes |
476 (235) |
270 (18) |
894 (120) |
-6 |
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Condos |
793 (160) |
226 (11)
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1169 (72) |
+2 |
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Land |
413 (104) |
20 (4) |
143 (16) |
+5 |
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Total |
1682 (499) |
516 (33) |
2206 (208) |
+1 |
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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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662 Kaapuni Place
Kihei
$1.685M (FS)
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Arguably Maui Meadow’s best view residence; this property exudes warmth. The warm textures & colors of the natural Canadian Western Cedar exterior juxtaposed with the rich slate entry tiles set the tone. Expansive Ocean views across the West Maui Mountains, Lanai, Kahoolawe & Molokini are a perfect backdrop for this Island’s best sunsets.
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Homes Under $1M
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675 Mopua Street
Haiku
$335K (FS)
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Lush 1/2 acre in Haiku with old house built in 1936. Very sweet. Lots of potential.
Customer Listing Synopsis
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150 Kuloli Place
Haiku
$495K (FS)
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Great one-of-a-kind park like setting at end of road overlooking gulch and ocean views on a very usable and extremely private 2.55 acres. The home is larger than the 512 sq. ft. listed on the county records.
Customer Listing Synopsis
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656 S Alu Street
Wailuku
$525K (FS)
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This Wailuku Heights home has gorgeous views of Haleakala and the central valley, including the North and South shores from almost every room in the house. These views are not likely to ever be obstructed as the home is on the mauka side of the street across from a public park. Enjoy the cool breezes and spectacular views from the covered porches of this very comfortable home.
Customer Listing Synopsis
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137 Walua Place
Kihei
$795K (FS) |
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Short Sale. House and ohana in a great Kihei location within the Kamaole Heights subdivision of quality homes. This property is close to schools, shopping and just up the street from Kamaole III beach park.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Makena Surf F-203
Makena
$2.32M (FS)
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Direct oceanfront condominium at beautiful Makena Surf. This 2 bedroom 2 bath unit offers unobstructed ocean and out island views from your living room, dining room, kitchen, and your very spacious lanai. This South facing unit offers all of the ocean views, without any of the afternoon heat.
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Vacation Condos Under $1M
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Kuau Plaza #310
Kuau
$199K (FS)
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Short Sale. Top floor corner unit with ocean and mountain views. Awesome location in Kuau, beach access is just a short walk away. Only minutes to the world famous Ho'okipa Beach park and other north shore surf spots.
Customer Listing Synopsis
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Kauhale Makai #131
Kihei
$205K (FS)
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Ground floor one bedroom one bath unit in Kauhale Makai with central air, swimming pool, hot tub, barbecue area, shuffleboard and close to tennis courts and wind surf beach. The electric is included in the maintenance fees. This unit has been used as a long term rental but can easily be converted to short term vacation rental.
Customer Listing Synopsis
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Ka'anapali Shores #732
Ka'anapali
$299K (FS)
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Panoramic ocean view, upper floor studio at the beautiful ocean front Ka'anapali Shores Resort. Unit 732 was renovated in November 2011 and complies with Aston Rental Program standards.
Customer Listing Synopsis
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Lahaina Roads #309
Lahaina
$350K (FS)
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An amazing opportunity to own a direct oceanfront 1 bedroom condo. Great views of Lanai across the channel and awesome sunsets.
Customer Listing Synopsis
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Kamaole Sands 8-306
Kihei
$359K (FS)
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Gaze at the mighty blue Pacific from your third story lanai. Mirrored living room wall brings in plenty of light and spacious feel. 100% tiled throughout. Enjoy this popular air conditioned vacation rental which sleeps 4 adults.
Customer Listing Synopsis
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Residential Condos
Puuone Terrace #417
Wailuku
$90K (FS) |
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Short Sale. North Shore ocean views, well maintained building. Original condition unit. Nice price for a 1B/1B condo with views on Maui.
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Puuone Towers #203
Wailuku
$114.2K (FS) |
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Short Sale. Ideal starter home located on the 2nd floor with mountain and oceanview. Centrally and conveniently located near stores, shops, restaurants, beach, Maui Arts & Cultural Center, and Kahului Harbor.
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Leinani #108
Honokowai
$220K (FS) |
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Remodeled first floor unit with Brazilian kitchen cabinets, authentic bamboo flooring, overhead lighted fans and extensive trim molding. Leinani shares the Maui Lani Terraces swimming pool.
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Villas Kahana Ridge #724
Kahana
$235K (FS)
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Short Sale. This property is located on the hillside and #724 is on the 2nd floor which is street level with the parking lot, no stairs. Freshly painted this 2 Bed 2 Bath is in very good condition with an ocean view from the lanai, plus two assigned parking spaces.
Customer Listing Synopsis
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Vacant Land
93 Keoawa Street
Kapalua
$865K (FS) |
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Now is the time to own a magnificent piece of Kapalua! Lot 6 considered by many to be a pedigree lot in the first phase of Honolua Ridge and offers commanding views of world famous Honolua Bay and the neighboring island of Molokai.
Customer Listing Synopsis
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11 Malukai Lane
Wailea
$2.4M (FS) |
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Bank Owned. This lot is one of 14 very private beachfront lots in a 10.5 acres oceanfront community in Maluhia at Wailea and is the only private beachfront residential community in the world famous resort of Wailea, Maui. Maluhia at Wailea features lush tropical landscaping with stone pathways, roadways, waterfalls and ponds. All 14 owners have access to their own private oceanfront beach club complete with a full time resident manager.
Customer Listing Synopsis
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