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Market Update
If you are in distress and want to avoid foreclosure or if you know of someone that needs help, we just received an email today from Bank of America with regards to a short sale relocation assistance program.
For a limited time only, our clients may receive $2,500 to $30,000 in relocation assistance for qualified homeowners who initiate a short sale without an offer. Homeowners must participate in one of the preapproved price short sale programs like HAFA (Home Affordable Foreclosure Alternatives program) or Bank of America's proprietary program.
To learn more about HAFA, visit http://www.makinghomeaffordable.gov/programs/exit-gracefully/pages/hafa.aspx. HAFA short sales completely release you from your mortgage debt after you sell your property and the servicer will waive a deficiency.
It also has a less negative affect on your credit than doing a conventional short sale or foreclosure. There are eligibility requirements and the mortgages have to be owned or guaranteed by Fannie Mae or Freddie Mac.
Feel free to call or email us if you are interested and we will initiate your short sale to see if you qualify for this enhanced relocation assistance program. By the way, relocation assistance funds may be used to pay off existing liens.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - A casting company from New York is looking for a homeowner in Hawaii with an interesting home that would like to share it on television. This home will have to reflect household values. They are casting 2 Families for a Japanese Television show - 1 in NYC, 1 in Hawaii. Let us know if you are interested and we will send you their contact information.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for May 14th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
574 (252) |
249 (35) |
890 (118) |
-12 |
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Condos |
895 (170) |
283 (12) |
1141 (76) |
-3 |
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Land |
496 (109) |
35 (6) |
146 (16) |
+2 |
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Total |
1965 (531) |
557 (53) |
2177 (210) |
-13 |
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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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87 Hakui Loop
Ka'anapali
$1.05M (FS)
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This great home has 4 Bedrooms, with an optional 5th bedroom or office space (the space is currently being used as a huge walk-in closet), and 4 full baths. The design is a spacious split level, with mountain views, and some ocean views from the upper level. The upper level features open beam ceilings, large great room with open kitchen, dining and living room, plus a master suite with full bathroom, and 1 bathrooms.
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588 Kai Hele Ku Street
Launiupoko
$1.395M (FS)
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Nestled on the slopes of the West Maui mountains, this unique home has approximately 2,935 sq. ft. and features outstanding ocean and multi-island views. Upper level has a spacious great room with expansive views, a kitchen, two family bedrooms and full baths and a big ocean and island views, covered lanai. Lots of room for dining and entertaining. Lower level has a multi-purpose area plus two private bedrooms, baths and laundry room.
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Homes Under $1M
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403 Paeohi Street
Lahaina
$299.5K (FS)
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Short Sale. Nice starter home in Lahaina located walking distance to schools, shopping, beaches.
Customer Listing Synopsi
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87 Oluea Street
Kihei
$314.9K (FS)
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Bank Owned. If cute and cozy is what you are looking for, look NO further. Here it is. Located within a fairly new community, this 2 bedroom 1 bath offers all the comforts of single family living with very minimum maintenance. Located across the street from the neighborhood park, one can enjoy the comforts of an extended yard without the costs of maintenance.
Customer Listing Synopsis
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22 Wilikona Place
Waikapu
$319.9K (FS)
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Bank Owned. Large one story home on 9,967 sq. ft. of land. This central location affords cool breezes, and is a short drive away from the airport, shopping, Gov. Agencies, Entertainment and more. Sitting at the base of the West Maui Mountains in Wailuku, home has been used as a duplex.
Customer Listing Synopsis
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115 Kahana Makai Road
Kahana
$699K (FS) |
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Short Sale. Lovely home in desirable Kahana Ridge. Relax and enjoy the ocean views from the cozy front lanai. Open plan design with high ceiling in the living/dining areas. The kitchen features wood cabinets, island with storage, breakfast bar along with tiled back splash, double sink and walk in pantry. Wood flooring throughout main areas of the home and carpet in the bedrooms.
Customer Listing Synopsis
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130 Heaaula Place
Haiku
$799K (FS) |
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Enjoy the ocean views from this immense Haiku Home in the great neighborhood of Windward Estates. With 5256 Living Sq. Ft. of living space, including 5 Bedrooms and 7.5 Bathroom, this home offers up a great opportunity for the large family, creative buyer, and or those who enjoy lots of space. Surrounded by two nicely landscaped acres, this serene locale is a wonderful place to call home.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Ho'olei G-1
Wailea
$1.995M (FS)
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Ho'olei G-1 boasts 3,076 sq. ft. of interior footage, making it one of the largest condominiums you'll find in the Wailea Resort. The three bedrooms in this residence are like a retreat, each including an en-suite bath and plush Cabana Antigua carpeting.
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Vacation Condos Under $1M
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Kanai A Nalu #410
Ma'alaea
$159.9K (LH)
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Bank Owned. 2 bd 2 bath condo on Ma'alaea Bay. Amenities include a heated swimming pool & waterfall, BBQ areas, meeting room, and a sheltered courtyard area. Convenient central location within short driving distance to Kihei/Wailea, West Maui, as well as Central Maui.
Customer Listing Synopsis
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Kihei Sands A4
Kihei
$245K (FS)
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Bank Owned. Enjoy miles and miles of sandy beach when you own at Kihei Sands. This boutique beachfront complex is situated on the longest stretch of Maui beach around. Take the long walk to Maalaea, or a short stroll to the farmers Market. Easy access to Piilani highway makes it easy to enjoy the rest of Maui too.
Customer Listing Synopsis
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Pacific Shores A-203
Kihei
$254.9K (FS)
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Welcome home to this 2 bd. 2 bath 745 sq. ft. condominium at Pacific Shores across the street from Kamaole I Beach (aka Charley Young Beach) in sunny Kihei, Maui. Great Haleakala views and moderate ocean views from the lanai and bedroom. Lovely garden views from Master Bedroom Suite.
Customer Listing Synopsis
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Polynesian Shores #113
Honokowai
$420K (FS)
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Great one bedroom with ocean views from living room, kitchen and lanai. Nicely upgraded with exceptional rental income. Polynesian Shores offers a low density resort feel with great open lawn area and oceanfront barbeque area that provides exceptional sunset views everyday.
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Residential Condos
85 Walaka Street #8
Kihei
$99.9K (FS) |
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Bank Owned. One bedroom one bath, large bedroom, nice kitchen, close to Charley Young Beach, this is a great starter place to call home.
Customer Listing Synopsis
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Kalama Townhouses #4
Kihei
$132K (FS) |
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Short Sale. Work in progress. Interior of unit is under construction and not completed. New kitchen cabinets are there and ready for mounting. Kalama Town Houses is a small 6 unit complex with each unit being 2 stories and having a nice small yard in the rear.
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Ke Alii Ocean Villas M-102
Kihei
$509K (FS) |
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Short Sale. Ke Alii Ocean Villas is a beautifully located complex just a stroll of 1/2 a block to Kamaole Beach I. This ground floor 2/2, 1273 sf unit has an extra granite desk / counter top in the kitchen. There are stainless appliances. A large pantry, gorgeous granite & fine quality tiled floors. Central air conditioning, 8 ft doors, lovely high-ceilings, a large lanai, an exterior large lockable storage room, detached one car extra-large handi-cap sized garage, along with a magnificent infinity pool, gym, natural lava rock spa, & numerous BBQ's.
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Vacant Land
830 E Kuiaha Road
Haiku
$365K (FS) |
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Privacy says it all for this parcel. Versatile areas, with some flat lands, seasonal stream running through and hills and valley. Ocean and Haleakala views. Great value for this market. Protected from strong winds.
Customer Listing Synopsis
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