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Aloha ,
Market Update
Foreclosures have plunged 65% since their peak in September of 2010. In March alone the number of completed foreclosures dropped by 16% year over year. Completed foreclosures are homes that were actually lost by the owners.
As employment rises and mortgage rates remain low homeowners are able to keep up with their payments. The number of mortgages in "serious delinquency," or those 90 or more past due fell 19.1% since this time last year.
Economists expect to see foreclosure inventory continue to drop across the nation. The states with the highest number of foreclosures are Florida, Michigan, Texas, Georgia and Ohio. These states are skewing the national average, most states are back to a pre-recession foreclosure inventory.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Maui Brew Fest 2015 is this Saturday at the Maui Arts and Cultural Center. There will be craft brews from across Hawaii and beyond!
Melissa Smith R (B), Ken Smith R (S)
Market Watch
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Active
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Pending
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Sold
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Change
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|
Homes
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563 (280)
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252(44)
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971 (169)
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+2
|
|
Condos
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850 (207)
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222 (32)
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1161 (170)
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-8
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|
Land
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349 (132)
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32 (8)
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159 (19)
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+8 |
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Total
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1762 (619)
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506 (84)
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2291 (358)
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+2
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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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795 East Kuiaha Road
Haiku
$1.285M (FS) |
Welcome to this country home and cottage on 6 acres with a large workshop. The main house is 2-bedroom, 2-bath plus a substantial loft. Special features include high, open beam ceilings, teak floors, a wood-burning fireplace, a recently renovated designer kitchen and a huge lanai.
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 21 Puu Huna Place
Lahaina
$1.495M (FS) |
Bank Owned - Great views from this home in Lower Kaanapali Hillside. Close to the beach and all that the exciting Kaanapali Resort has to offer. Private cul-de-sac location.
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Homes Under $1M
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681 Imihale Street
Kihei
$597K (FS)
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Large open floor plan, with new paint, and travertine. Photo-voltaic system that is leased through Sun Run Total Solar, and is transferable. Large spacious 7565 sq ft lot with fencing. This well-kept home is located in Kaonoulu Estates.
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801 Iuka Place
Kahului
$699.5K (FS) |
Two-story, corner lot home in Grand Fairways North in Maui Lani. This home is perfect for your family! There is a large covered lanai upstairs with great Maui Mountain Views.
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18 Leoole Way
Wailuku
$940K (FS)
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You'll be amazed by the stunning views from both levels and pool area of this impressive executive residence. The open floor plan offers a spacious living room with gorgeous flooring, chef’s kitchen, dining room and master suite all on one level.
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Vacation Condos Over $1M
Montage Residences #5202
Kapalua
$3.95M (FS) |
An incredible opportunity to own a luxurious home overlooking the world famous Kapalua Bay within Kapalua Resort. This spacious 3 bedroom, 3 and 1/2 bath home is being sold fully furnished.
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Montage Residences #2502
Kapalua
$4.25M (FS) |
A truly one-of-a-kind opportunity to own along the West Maui shoreline, overlooking the white sandy crescent of Kapalua Bay, with panoramic ocean views framed by the neighboring islands of Molokai and Lanai. Located within the renowned Kapalua Resort.
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Vacation Condos Under $1M
Kapalua Golf Villas #26V-1
Kapalua
$650K (FS) |
Awesome top floor corner location along the 11th fairway of the famous Kapalua Bay Course with outstanding ocean, Molokai, and Lanai views. Enjoy sunsets all year round! Highly upgraded and one of the top rentals in the Kapalua Villas rental program!
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Papakea Resort #A405
Napili
$949K (FS) |
Rare opportunity to own an oceanfront 3 bedroom, 3 bath top floor unit at the Papakea Resort. The Den/office can be converted back to a third bedroom if desired. Perfect as a primary residence or a well-appointed vacation home.
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Residential Condos
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Kehalani Gardens #502
Wailuku
$350K (FS)
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This immaculately kept two story townhouse definitely has the WOW factor. Gorgeous new wood laminate wall to wall flooring has just been installed. The kitchen and bathrooms are ceramic tiled.
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Napili Villas #18-3
Napili
$372.9K (FS) |
Bank Owned - Situated on the 1st floor, this unit offers an Outdoor living opportunity that is an added bonus to any condo unit. Located in the West Maui district, the Napili area offers warm climates with cool trade and great sandy beaches to enjoy.
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Wailea Palms #3304
Wailea
$1.075M (FS) |
An ideal community set between sapphire seas and the emerald slopes of Haleakala. Highly desirable private gated community within immediate access to all of Wailea's wondrous activities, amenities, and comforts. The open floor plan gives a gracious, natural flow and provides a remarkably bright and airy living environment.
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Vacant Land
88 Keoneloa Street
Wailuku
$275K (FS) |
Vacant Land in the Sandhills Estates gated community.
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660 Kai Huki Circle
Haiku
$1M (FS) |
Lot 12 totaling 3.55 acres, is an elevated and elongated parcel with a view corridor advantage provided by the slight incline of the hill. Greater ocean views and the privacy of the rolling gulch below.
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