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Aloha ,
Market Update
As Greek Banks closed yesterday the U.S. and the rest of the world is left wondering how they will be affected? In the short term the U.S. has little direct exposure to Greece since the Greek economy accounts for less than 1% of U.S. trade (mostly vegetables).
If the Greek crisis continues we may see a "flight to safety" in U.S. Treasury bonds and possibly U.S. real estate. Greece may be forced to leave the European Union and drop the euro, which would send investors across Europe into a frenzy.
In the long term this crisis may generate a fear of the stock market and people will turn to real estate for their investments.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Have a safe and fun Fourth of July this weekend! The annual Makawao Rodeo will be taking place all weekend. Fireworks will be visible from the Lahiana sea wall starting at 8pm.
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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534 (264)
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260 (33)
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977 (186)
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+3 |
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Condos
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817 (197)
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197 (18)
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1150 (165)
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+6
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Land
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356 (135)
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28 (5)
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147 (20)
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-2 |
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Total
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1707 (596)
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485 (56)
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2274 (371)
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+7 |
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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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2380 Piiholo Road
Makawao
$1.575M (FS) |
4.5 miles up Piiholo Road is a magical property on 11 acres with security gates, an 800 ft concrete driveway, a custom 2084 sf 4 bedroom ranch home and newer 2 bedroom cottage.
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 711 Mililani Place
Maui Meadows
$1,594,530M (FS) |
You have found the right property if your checklist includes: Gated Hilltop Retreat offering Privacy, Quiet, Breezes, Spectacular ocean views, whale watching (in season) and sunsets.
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50 Oluolu Place
Kula
$7.9M (FS) |
Phenomenal! “Moemalie” (Place of Peaceful Rest) is an Estate in the true sense of the word. Two lushly, landscaped parcels (50 OluOlu Place & 80 Kawehi Place) make up the 23- acre, gated compound privately sited in one of Kula's most hidden enclaves.
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Homes Under $1M
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145 Oluea Circle
Kihei
$515K (FS)
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Quaint 3 bdr/ 2ba home with great features. Custom kitchen cabinets, all stainless steel Kitchen Aid appliances, beautiful granite counter tops, bamboo wood flooring all throughout, and central air conditioning.
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197 Oluea Circle
Kihei
$674.9K (FS) |
Bank Owned - This well maintained home has a very good location within one of the newer developments in Kihei, Kamalii Alayna. Situated on the largest lot in the rear of this development. Well away from any traffic.
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146 Kinohi Loa Loop
Wailuku
$875K (FS)
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This home represents the best of the homes available at Akolea. Amazing view of the ocean and Haleakala mt. view. Convenient central location to airport, shopping centers, hospital and school.
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Vacation Condos Over $1M
Honua Kai -Konea #342
Kaanapali
$1.305M (FS) |
The Konea Building in the Honua Kai Beach Resort is known for it's more 'low key' living, and Apartment 342 is a great example. This two bedroom, two bath home is on the quiet North Side of the complex, and so close to the stairs (rather than taking the elevator) you can be on the beach in about 3 minutes!
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Whaler #252
Kaanapali
$3.199M (FS) |
This is a rare opportunity to own a two bedroom corner apartment at The Whaler. This beautiful ocean front condo is located in the North side of Tower II. This location offers privacy and stunning views of the Pacific Ocean and the famous Kaanapali Black Rock from the large wrap around lanai.
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Honua Kai - Hoku Lani #201
Kaanapali
$4.099M (FS) |
Front row seats to whale season! This is a very rare opportunity to purchase a prime 3 bedroom, 3 bath beachfront home in the south wing of the Hokulani Enclave at the Honua Kai Resort-Kaanapali's first beachfront property in 25 years. This home is deemed an "Ali'i" unit, which means a home fit for royalty.
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Vacation Condos Under $1M
Papakea Resort #C206
Napili
$480K (FS) |
One of the finest remodels in Papakea. For someone who wants the best! This unit sells itself once you see it. Papakea is a beautiful low rise lushly landscaped resort located on the ocean. This elegant condo is in a great location overlooking the peaceful tropical koi ponds and it has awesome ocean views.
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Wailea Ekolu #403
Wailea
$795K (FS) |
Spectacular Ocean views, excellent location, private, quiet patio with breathtaking views to enjoy the sunsets & whale watching. Quiet, lush landscape, yet close to BBQ & Pool area. This turn key unit is Home away from Home.
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Maui Kamaole #A-207
Kihei
$799K (FS) |
Enjoy amazing ocean views from this beautifully furnished 2 bedroom / 2 bath unit at the popular Maui Kamaole. This unit has an open kitchen and great room area with high ceilings. The bathroom upstairs has a double sink vanity with granite counter tops and a glass block tiled shower.
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Residential Condos
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Kihei Villages #35-105
Kihei
$244.9K (FS)
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Bank Owned - Freshly painted ground floor unit with a private fenced yard that expands the living area, offers outdoor living activities and keeps allowed pets safe. Conveniently located a short distance from the ocean for long strolls on miles of sandy beaches.
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Iliahi at Kehalani #1D
Wailuku
$369K (FS) |
Highly desirable end-unit located on the first row. Light, bright, and airy. 3 bedroom, 2.5 baths, with an open kitchen/dinning area. All the bedrooms are located upstairs. 1D is adjacent to a grassy picnic area with BBQ.
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Opukea at Lahaina #F108
Lahaina
$535,145 (FS) |
This is a BRAND New Condominum 3 bedroom/ 2 bath In OPUKEA by DR Horton- Schuler Homes. Located in the heart of Lahaina, Maui! Walking distance to shopping, beaches, and dining.
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Vacant Land
890 Waipoli Road
Kula
$1.99M (FS) |
Huge Price Reduction! Be sure not to miss this rare opportunity to own valuable agricultural large acreage in Kula, just below the Lavender Farm. Fenced and graded, with 2 water meters, fabulous growing climate, fertile soil, producing coffee and native trees.
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