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Aloha ,
Market Update
Maui is moving in the direction to become the Silicon Valley of the Pacific. We are certainly a far cry from being such a dominant force in the High Tech arena, but the seeds have been sown so that down the road we will be a more major player.
The Maui Research and Technology Center (MRTC) is a technology center and business incubator strategically located in Kihei, Maui, within the 415-acre Maui Research & Technology Park. Dedicated to supporting technology-oriented businesses, MRTC brings together a diversity of enterprises from industry niches as varied as astronomy and biotechnology. MRTC is home to startups, technology companies phasing in Maui operations, and compelling federal technology projects.
A new high tech project that is taking hold on Maui is the “Maui Smart Grid Project”, designed to help people better manage their energy consumption. There are many people who have serious concerns about smart meters. Read more about the controversy.
Being one of the surfing and windsurfing capitals of the world, it is not surprising that one company has led the way in revolutionary new designs of surfboards. Hi-Tech Maui has been on the leading edge of surfboard designs for over 30 years.
According to Lynn Gordon Butterfield, COO of the Wayne Brown Institute, “Enormous potential exists for the high technology industry in Maui due to the intellectually stimulating atmosphere created by Maui's beauty and lifestyle, Hawaii's vast and growing high-technology support infrastructure, and the state's geographic position, making it a natural portal between the US and Asian high technology markets.”
Maui County has been instrumental in encouraging the growth of high technology through its partnership with Maui Economic Development Board (MEDB). Founded in 1982, MEDB’s mission has been to diversify the economy and assisting in the development of the technology sector has been a key strategy in this effort.
The future looks very bright for Maui as the economy slowly transitions out of one that was based almost entirely on tourism and agriculture to one that is increasingly making headways in the world of high technology.
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
P.S. - For all the movie buffs out there, please check out Maui Film Festival's First Light: Academy Screenings on Maui beginning November 23rd.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for November 18th, 2013
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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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508 (276)
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211 (33)
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999 (154)
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+14
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Condos
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659 (159)
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243 (24)
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1362 (164)
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+24 |
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Land
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372 (113)
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53 (2)
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223 (30)
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-2 |
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Total
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1539 (548)
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507 (59)
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2584 (348)
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+36
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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
3246 Keha Drive
Kihei
$1.949M (FS)
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If privacy is an important asset in your life, you must look at this gated property with beautiful, lush, tropical foliage affording the home and Ohana a quiet, serene setting. The spacious master bedroom suite, with large covered lanai and ocean/Molokini view, a breakfast bar and large jetted soak tub is a short stroll to the tropical pool, gazebo and propane fire pit with flagstone decking and 10 person spa.
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311 Door of Faith Road
Haiku
$2.49M (FS)
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Everywhere you look at this one-of-a-kind, North Shore oceanfront estate, your eyes will be delighted and your spirits uplifted. Experience the thrill of watching whales and dolphins play in Waipio Bay from your own backyard - even from one of three cliff side hot tubs! Stroll through the lushly landscaped grounds and pick your own gourmet tropical treats year round from the bountiful organic gardens, full of fresh fruits vegetables and coconuts.
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319 S Ulukoa Place
Ka'anapali
$2.895M (FS)
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Exquisite style and craftsmanship is the key ingredient in this gorgeous Kaanapali Golf Estates home featuring stunning ocean views over the Kaanapali golf course. This large lot at the end of the cul-de-sac location is very private and has a large buffer on the other side.
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Homes Under $1M
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223 Paka Place
Kihei
$389K (FS)
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Short Sale. Wonderful family home with large level fenced lot.
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805 Kuulei Street
Haiku
$395K (FS)
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Short Sale. This is a beautiful 3 bedroom / 2 bath single family home in the heart of Haiku town. The house has an updated kitchen with maple cabinets, Pergo wood flooring throughout, tile in the bathrooms, and a custom monkey pod counter top in one of the bathrooms. Interior was recently painted. It has a nicely maintained yard and lanai area. The carport has an electronic garage door with a newer roof.
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678 Komo Ohia Street
Wailuku
$608K (FS)
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Located in the desired neighborhood of Ohia at Kehalani. This immaculate, like new, 3 bedroom 2.5 bath home is conveniently close to everything.
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2816 Aina Lani Drive
Pukalani
$683K (FS)
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Short Sale. 2,884 sq. ft. home with great location and quality interior remodeling completed.
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7 Loihi Place
Kahului
$689K (FS)
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Short Sale. Great opportunity to be in The Islands of Maui Lani! This 4 bedroom, 2.5 bath home is the Rhapsody model with the extended master bedroom on the main level and has the larger kitchen with family room. The living room has very high ceilings and lots of windows. Upstairs there are 3 bedrooms, one bath and a small computer desk area which is great for the kids.
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Vacation Condos Over $1M
Makena Surf B-303
Makena
$2.299M (FS)
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This spacious, remodeled unit sits only steps from an extraordinary sandy beach and offers the famous "Five Island View" along with the accompanying year-round sunsets.
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Wailea Beach Villas PH306
Wailea
$3.375M (FS)
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Breathtaking views, striking features and tastefully decorated. This Wailea Beach Villa boasts sweeping views of Kaho'olawe and Lanai. Enjoy exclusive amenities, two pools, state of the art exercise facility, meeting rooms, underground parking, as well as a private elevator to name a few. Den/office has been appointed to convert to a third bedroom.
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Vacation Condos Under $1M
Maui Vista 1-314
Kihei
$360K (FS)
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Gorgeous remodeled 1 bd. 1 bath in prime building 1 at Maui Vista. Granite countertops, brand new cabinets, appliances, and furniture. Comes turn key. So just bring your tooth brush and enjoy your vacation.
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Maui Parkshore #304
Kihei
$499K (FS)
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Beautiful ocean view 2 bd. 2 bath condo that has 890 sq. ft. of living space with recent upgrades throughout the unit. Maui Parkshore has a BBQ area, club house, and swimming pool. Maui Parkshore is conveniently located close to shopping, restaurants, and transportation services. Located directly across the street from Kamaole III Beach Park and walking distance to Keawakapu Beach.
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Grand Champions #184
Kihei
$575K (FS)
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This private 2 bd. 2 bath condo has been remodeled with new appliances; cabinets, countertops, and fixtures throughout. Enjoy the close proximity to the fairway pool where you can use the stainless steel BBQ's or just bask in the tropical sun.
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Residential Condos
Iao Parkside 28-206
Wailuku
$220K (FS)
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Wonderful, spacious 3 bedroom, 2 bath floor plan with enclosed lanai and beautiful mountain and lush garden views. Enjoy peace and quiet within this end unit. The unit has been gutted and is waiting for someone to come in and finish it with a custom touch.
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Keonekai Villages 17-202
Kihei
$290K (FS)
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Two bedroom two bath units rarely come available in Keonekai Villages. So don't wait on this unit.
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Vacant Land
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61 Kaalele Place
Kula
$375K (FS)
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Captivating expansive ocean and across the isthmus views. 180 degree from Molokini to the North Shore. Located in one of Kula’s newest upscale subdivisions, The Ridge at Kulamalu.
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