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Market Update
How did Maui County fare in the foreclosure-related sales for 2011? There was a 41.3 % increase of bank owned condo sales last year when compared to 2010 with 269 units sold versus 177 units the year before. In addition, bank owned single family sales increased as well at 37.7 % with 274 units sold last year versus 187 units in 2010. Bank owned properties only make up a third of the real estate sales in Maui County (comprised of Maui, Molokai, and Lanai).
According to The Maui News, lenders who stopped out-of-court foreclosures in Hawaii last May because of a controversial new law still have significant inventory of repossessed homes to sell. Because of the new law, lenders have gradually been filing more foreclosures in court, which take longer.
Be sure to check out our REO (real estate owned) section of this newsletter to see if you are interested in any of the bank owned deals. There will definitely be more to come.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - Tomorrow is a special day for it is Greg's birthday. Let's all wish him a happy birthday.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for February 6th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
637 (270) |
238 (25) |
899 (114) |
-17 |
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Condos |
1019 (193) |
241 (10) |
1157 (93) |
-4 |
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Land |
499 (112) |
30 (6) |
131 (19) |
-1 |
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Total |
2155 (575) |
509 (41) |
2187 (216) |
-22 |
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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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2075 Baldwin Avenue
Makawao
$1.375M (FS)
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True gentleman’s estate w/ gated access. Quality & zest is apparent. Superior construction is evident the moment you arrive. Stately circular drive affords plenty of parking & easy access to & fro. This Mediterranean style architecture suites this property perfectly.
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31 Welina Place
Pukalani
$1.44M (FS)
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Fantastic opportunity to own an impeccably maintained, single-level home with detached cottage and in-ground pool and spa with ocean views in Kula 200. Just 2 steps into living room and den. This 2-bedroom, 2.5-bath home has a separate den with a fireplace, a fireplace in the living room, a dining room with a 400-bottle wine cooler, a nice big laundry room with lots of storage and a gazebo/yoga room with built-in office space and AC by the pool.
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Homes Under $1M
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738 Haiku Road
Haiku
$435K (FS)
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Live the good life in sunny lower Haiku. This is a 3 bedroom / 3 bath main house with a 1 bedroom /1 bath cottage on a 1/2 acre lot. Brand new carpet recently installed. There are lots of fruit trees on the property. Enjoy the countless nearby amenities with the post office, restaurants, grocery store, and health club nearby.
Agent Listing Synopsis
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35 Papakapu Place
Wailuku
$549.9K (FS) |
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Bank Owned. Offering both Mountain and Ocean views, this home sits along the mountains side. Cool breeze, mature landscaping and central location makes this property one to consider if you are shopping in the Central Maui market place.
Customer Listing Synopsis
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190 Malamahale Place
Kula
$559K (FS) |
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Come take a look at this unique and beautiful property. The real gem is the 3 acres that the multiple structures sit upon and the amazing view.
Customer Listing Synopsis
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3870 Mahinahina Street
Kahana
$582K (FS) |
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Short Sale. Ocean view custom "pole" house with 3 bedroom, 2 bath upstairs and a 2 bedroom/ 1 bath ohana downstairs plus a bonus area downstairs in the rear of the house. Located on a great cul-de-sac only one block to the beach.
Customer Listing Synopsis
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259 Kuli Pu'u Place
Kihei
$649.9K (FS)
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Bank Owned. Here's a great opportunity to own in the very desirable Ke Alii Kai subdivison. This single level 3 bedroom 2 bathroom home is in very good condition and has just had its interior painted, new carpeting installed and the AC system has been tested and gone through.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Polo Beach Club #109
Wailea
$1.659M (FS)
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Short Sale. Wailea's Best Opportunity. It offers the Wailea lifestyle at its absolute best on one of the world's best beaches. This is an upgraded direct ocean view unit with the best floor plan that offers a 2nd lanai.
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Vacation Condos Under $1M
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Ka'anapali Plantation #40
Ka'anapali
$335K (FS)
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Ka'anapali Plantation #40 is a beautifully remodeled 1-bedroom & 2-bathroom townhouse condominium. Spaciously spread across 1,096 square feet of living area, this property offers 2-level and offers a great deal of closest and storage space.
Customer Listing Synopsis
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Sugar Beach Resort #504
Kihei
$349K (FS)
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Great investment opportunity located right on the world famous soft, warm, sandy, Sugar Beach. Tastefully decorated, fabulous views, this unit has it all. This complex offers fabulous amenities for vacationers and second home owners wanting all the comforts of home located on the longest walking beach on Maui.
Customer Listing Synopsis
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Grand Chapions #103
Wailea
$419.9K (FS)
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Bank Owned. Near to everything: Shops at Wailea, Wailea Gateway, Resorts, fine dining, golf, tennis and beaches. Enjoy the comfort of this spacious 1 bd. ground floor unit. The beautiful golf course fairway views are so breathtaking as seen from the living room, dining area and your lanai.
Customer Listing Synopsis
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Kapalua Golf Villas 12V1
Kapalua
$470K (FS)
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Great ocean and golf course views from this Kapalua Golf Villa. The Lanai has been modified to allow for more open views of sunset and golf course. Hard surface in living and bedroom are grandfathered in as is. However, should new owner opt to change tile (living room) or bamboo flooring (bedroom) carpet will need to be installed as per original specifications.
Customer Listing Synopsis
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Residential Condos
Gardens Upcountry #14
Pukalani
$359K (FS) |
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This bright and cheerful townhome at the Gardens Upcountry shows extreme pride of ownership. Ocean and Mountain views from 2 bedrooms (one a master suite) and 2 baths on the main floor and from the 1 bedroom in the open loft upstairs.
Customer Listing Synopsis
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Vintage at Ka'anapali #108
Ka'anapali
$860K (FS)
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Beautiful expansive views of the Ka'anapali Kai Golf course and the ocean from this two story "stand alone" condominium.
Customer Listing Synopsis
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Vacant Land
0 Haiku Road
Haiku
$399K (FS) |
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A unique and rare Haiku land opportunity. This lush, private and peaceful 2.6 acre flag lot is located on a quiet and less traveled section of Haiku Road, close to Pauwela Cannery. Gently sloped and all usable offering multiple building sites.
Customer Listing Synopsis
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