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Aloha ,
Market Update
Demand is soaring. According to Realtor.com, homes sold faster in February 2013 than in any February since 2007.
8 of the top 10 fastest selling metro areas are in California with Denver and Seattle rounding out the list.
We are experiencing a similar pattern here on Maui but only for the lower end of our residential market. Properties over a million are selling fairly well, but not nearly at the same brisk pace as homes under $500K.
To site one example: In December 2011, we listed 805 Kuulei Place in Haiku for $265K. It didn’t sell for many months, so we reduced the price to $239.8K. Finally, we did place it in Escrow but when the Buyer cancelled, the Seller took it off the market.
This last week, we listed it again for $375K, and we’ve been besieged with calls for showings, and even one Realtor® may be submitting an offer prior to viewing. What a difference a year makes!
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - P.S. Don’t have 20% for your down payment. Don’t despair as lending requirements are easing up. Read more.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for March 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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503 (288)
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242 (37)
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934 (121)
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+1
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Condos
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773 (199)
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320 (18)
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1235 (105)
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-7 |
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Land
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392 (111)
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36 (5)
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182 (21)
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-1
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Total
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1668 (598)
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598 (60)
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2351 (247)
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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
1275 Holopuni Road
Kula
$1.995M (FS)
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Centrally located only 15 minutes from the airport, town and beaches. This is a private, gated, 2 1/2 acre property with exquisite landscaping and architectural design. This 4 bedroom, 3.5 bath home is beautifully furnished and located minutes from Kula Elementary and Seabury Hall Prep Schools. Browse the pictures and see the home has its own professionally designed putting green, a 35 ft. waterfall and a gorgeous swimming pool area.
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90 Keoawa Street
Kapalua
$3.995M (FS)
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This home features 5 bedrooms and 5 bathrooms in a well thought out single level floor. Additional features include a chef’s kitchen and pantry, home theatre, three car garage with ample storage, generous sized bedrooms and baths, and an outdoor shower off the master suite. Transition from the open great room to a large covered deck featuring superb living spaces and world- class views.
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Homes Under $1M
805 Ku'ulei Street
Haiku
$375K (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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94 Meheu Circle
Kahului
$401.4K (FS)
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Developer Deal. Introducing DR Horton- Schuler Homes newest single family home community "New Traditions" located in the Maui Lani master plan. We are offering 3 brand new floor plan styles ranging from 3 to 4 bedrooms each with a 2 car attached garage.
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868 Olena Street
Wailuku
$459.9K (FS)
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Bank Owned. 3 bedroom 3 bath home with ocean views in Waiehu Terrace.
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10 Walakahao Road
Kihei
$500K (FS)
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House and cottage just a short walk to the beach. Both units have been upgraded with wood cabinets, tile counter tops and quality appliances. Tile floors throughout both house and cottage, quality fans with wood ceilings.
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50 Kaukini Loop
Wailuku
$650K (FS)
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Short Sale. Unreal ocean views from this beautiful house and cottage on over 2 private acres in Maluhia Country Ranch Estates. The flowing floor plan of the single story home offers 2 master suites, gourmet kitchen and a large living-dining area opening to the beautiful front lanai. This home is a very special U-shape design with a large courtyard facing the gardens in the back of the home.
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62 Kulipuu Street
Kihei
$825K (FS)
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This remarkable South Maui home is ready to move in. This home won't last as the best buy in Ke Alii Kai. The kitchen was remodeled in 2011 and the interior was painted with new wall to wall carpet installed in the bedrooms in February 2013. Entertain on the lanai and enjoy the ocean views with your evening cocktails.
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500 Aulii Drive
Pukalani
$999K (FS)
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Short Sale. Hidden gem in desirable Kula 200 neighborhood. Private tri-level home sits at the top of Aulii drive on 3.8 acres of gentle rolling hills and beautiful large trees. The private 2nd entrance from Hoolapa drive gives you access to the upper portion of the parcel where you can build the accessory building permitted for this AG zoned lot.
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Vacation Condos Over $1M
Wailea Beach Villas PH506
Wailea
$3.65M (FS)
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The top floor corner location offers spectacular ocean views straight out and the most beautiful South Maui sunsets nearly all year round. Seasonal whale watching from your private lanai. Two extra windows, one in the master bedroom and a second next to the kitchen allow for additional natural light. Wailea Beach Villas J-506 has no adjacent lanai and therefore feels much more private and remote. This unit has been professionally designed and is exquisitely furnished.
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Vacation Condos Under $1M
Maui Vista #2213
Kihei
$264.9K (FS)
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Tastefully remodeled cool clean one bedroom, one bath turnkey vacation rental. Lovely west Maui Mountain view. Steps from Charley Young beach, a white sand beach, shopping, dining, public bus stop and entertainment.
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Ka'anapali Shores #823
Ka'anapali
$365K (LH)
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This unit is one of the Premier, 2 bedroom units in Kaanapali Shores, boasting approx. $140,000 in upgrades as well as great ocean views. Totally remodeled in 2006, finishes include beautiful travertine flooring, granite counters, custom cabinetry, Kitchen Aid stainless steel appliances and designer bathroom fixtures. Being sold exceptionally furnished and decorated.
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Papakea Resort L303
Honokowai
$575K (LH)
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Oceanfront location on the third floor with spectacular views of the Ocean & Sunsets. Watch the whales in season from your covered lanai with the island of Lanai & Molokai in the distance. Comfortably furnished with all the amenities of home.
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Residential Condos
85 Walaka Street #9
Kihei
$129.9K (FS)
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Bank Owned. 1 bedroom 1 bath condo near Charley Young Beach and Cove Park.
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Maui Gardens A-207
Kihei
$181.9K (FS)
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Bank Owned. 1 bedroom 1 bath at desirable Maui Gardens. The covered lanai has been enclosed to add additional living space. Very easy to show on short notice. This complex offers an in ground pool, tennis courts and recreation features.
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Hale Kanani 2-302
Kihei
$399K (FS)
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This charming 2 bedroom unit is just steps to the beach, shopping, and dining. Enjoy resort like amenities with a pool, spa, and BBQ area. This unit boasts great ocean views from the top floor of the complex.
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Vacant Land
393 Kualono Place
Wailea
$415K (FS)
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Exceptional vacant lot located at the end of a cul-de-sac in the premiere gated community of Wailea Pualani Estates. Build your dream home with potential ocean views from the second level.
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