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Market Update
According to Inman News, almost every major market in the U.S. has posted double-digit decreases in listings for sale.
With the decreasing inventory, buyers are getting more frustrated with what's available. According to a recent survey by Redfin, 7 out of 10 homebuyers surveyed reported that they've faced competition on at least one of their offers recently, but 31 % say they would back off when faced with a multiple offer situation.
Our recommendation is that if you are interested in a property that is priced right, make your highest and best offer right away. We see all too often when buyers come in at 80 % of what the property is worth, try to negotiate, and end up losing the property to another buyer that made a higher offer.
The inventory on Maui has also decreased in all districts. See inventory report from August to September 2012. The Central Maui and Kihei areas now only have 4 months of available inventory.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - We are proud to be a part of the Coldwell Banker Island Properties family. We are a part of the #1 company on Maui year after year. See sales volume chart for this year till September 2012 to see the strength of our company. Let us know how we can serve your real estate needs on Maui.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for October 1st, 2012
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Active |
Pending |
Sold |
Change |
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Homes |
483 (237) |
254 (18) |
896 (118) |
+6 |
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Condos |
765 (158) |
240 (11)
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1159 (71) |
-28 |
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Land |
412 (108) |
25 (5) |
142 (16) |
-1 |
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Total |
1660 (503) |
519 (34) |
2197 (205) |
-23 |
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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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59 Kumu Niu Place
Launiupoko
$1.89M (FS)
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Short Sale. Breathtaking, sweeping panoramic ocean and multi island views from this custom 3 bedroom, 3 1/2 bath gated executive home built upon the open slopes of Launiupoko. Superb interior upgrades of travertine, exotic woods and granite counters. Open, spacious interior with Fleetwood pocketing sliders to bring the outdoors in, high ceilings and a spacious dining area. There are two master suites, one with an additional outdoor shower.
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111 Ahuwale Place
Makawao
$2.97M (FS)
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Chateau Élan is a magnificent gated, 9-bedroom, 6 and 1/2 bath, tropical penthouse estate and retreat with incomparable un-obstructible 360 degree Haleakala and bi-coastal ocean views; a separate 3-bedroom, 1 and 1/2 bath, 1336 sqft home with 2 car garage, 400 sq.ft. deck that is tucked away on the acreage. Designed by Élan Vital, Maui's premier artist, Elan chose this private hilltop location, blessed by a nearly perfect year-round climate requiring no heating or air conditioning.
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5065 Makena Road
Makena
$3.4M (FS)
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This wonderful 3 bedroom home is situated just steps from Makena Landing, several intimate beaches and numerous world renowned dive and snorkel sites. The bright and airy floor plan of this home opens to 5 lanais which allows each bedroom to have their own private outdoor space.
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Homes Under $1M
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1727 Kalawi Place
Wailuku
$256.5K (FS)
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Bank Owned. Cozy 2 bedroom, 2 bath with a carport near Wailuku Town. Great alternative to condo living. Low maintenance yard with some fruit trees.
Customer Listing Synopsis
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1331 Moohele Street
Waikapu
$351.5K (FS)
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Bank Owned. Adorable starter home in Wailuku. Great neighborhood, with pride of ownership and easy access to commerce, dining, and shopping. Perfect for the first time home buyer.
Customer Listing Synopsis
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185 Alea Place
Pukalani
$385K (FS)
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Great value for this 3 bedroom/ 1 bath main house and 2 bedroom/ 1 bath cottage on a large lot in Pukalani. Property is located at the end of the cul-de-sac. There are nice mountain views from the living room of the main house.
Agent Listing Synopsis
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18 Luanaiki Place
Kihei
$535K (FS)
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Very comfortable house with a really nice lot on a cul-de-sac. Garage has been converted to office. Could easily return to a garage and then you'd have not only central air in the house but in the garage too.
Customer Listing Synopsis
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2856 Ualani Place
Pukalani
$599K (FS) |
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Beautiful home in Pukalani with light, bright open floor plan, large tinted windows and bamboo / maple hardwood flooring. Kitchen has corian island, tile floor, Whirlpool appliances and maple cabinets. The covered lanai is overlooking the tee box for the 9th hole of Pukalani Golf Course and is a great place for entertaining guests. The house has mountain views from the downstairs and partial ocean view from the upstairs bedroom.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Wailea Elua #1510
Wailea
$1.995M (FS)
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Exceptional ocean and outer island views greet you from this charming, 2 bedroom/ 2 bath Wailea Elua Residence. Enjoy year round sunsets from this top floor unit. The spacious, covered lanai allows for grilling and dining or simply relaxing in the ambiance of Wailea. Indoors you will find a upgraded kitchen with granite counters, stainless steel refrigerator, dishwasher and range. The attached garage is an added bonus.
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Vacation Condos Under $1M
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Kihei Kai #11
Kihei
$139K (LH-FA)
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Fantastic 1 bedroom / 1 bath unit in the Kihei Kai beach front complex located on Sugar Beach. Enjoy watching the sunset from this lanai.
Customer Listing Synopsis
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Kanai A Nalu #307
Ma'alaea
$213.9K (FS)
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This apartment is located in the leasehold complex called Kanai A Nalu in the area known as Maalaea, near one of the harbors on Maui. #307 is a 2 bedroom, 2 bath unit and is tucked back in the 2nd building to help protect it from the elements, yet has a very nice ocean/mountain view overlooking the pool.
Customer Listing Synopsis
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Sugar Beach Resort #206
Kihei
$368K (FS)
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This great location affords you fabulous ocean and pool views from this 1bd/1ba upgraded unit. Custom built-in desk, maple cabinets, new stove, new microwave and corian countertops are just a few of the many upgrades.
Customer Listing Synopsis
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Ka'anapali Shores #416
Ka'anapali
$445K (FS)
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Bank Owned. A freshly painted 2 bedroom 2 bath unit with new carpet and all new appliances. Great unit offering partial ocean views. This property allows short term vacation rentals and it offers all a vacationer needs. Beachfront, freshwater swimming pools, tennis courts, fitness room, restaurant, resort salon and retail shops.
Customer Listing Synopsis
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Hale Hui Kai #209
Kihei
$799K (FS)
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Located on world famous Keawakapu Beach, your unit is only steps away from the sand and sun! Completely remodeled 2BR/2B, includes all the latest upgrades including stainless appliances, tile floors, granite countertops & new cabinets in kitchen and baths.
Customer Listing Synopsis
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Residential Condos
Kihei Villages 50-104
Kihei
$123K (FS) |
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Short Sale. 2 bed/ 1.5 bath corner unit in Kihei Villages II. Upgrades include tile in living room, kitchen and baths, maple cabinets, built in storage/seating in dining area and custom shelving in master closet. Extra large lanai and outdoor area with tropical landscaping. Close to beach, farmer's market, Kihei Canoe Club, park and bus stops.
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Ma'alaea Mermaid #301
Ma'alaea
$177.7K (FS) |
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Bank Owned. Great opportunity for first time buyer or investor. Turn key ready to move in, but will be sold strictly as is.
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Hoonanea at Lahaina #405
Lahaina
$370K (FS) |
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Developer Deal. Brand new construction in the heart of Lahaina. Walking distance to the beach, shopping centers, and historic Front Street. Community is pet friendly. This townhome has a single car garage and an additional assigned parking stall. This townhome has a small fenced in private courtyard.
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Vacant Land
121 Nolu Road
Haiku
$168K (FS) |
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Beautiful North shore flag lot with incredible privacy located at the end of a paved cul de sac road. This lot has ocean and mountain views. Plenty of room to build your dream home and grow your own food.
Customer Listing Synopsis
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