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| Issue 380 | June 15th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
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Market Update
The recovery of the real estate market is tied almost directly to the creation of new jobs. Read more.
As further confirmation that it may be many years before the Real Estate market recovers fully, Ben Bernanke is now forecasting a "Fitfull Recovery". Read more.
Despite this somewhat lackluster prognosis, we still feel it is a good time to buy so long as you are not looking for a quick turnaround.
Furthermore, we are a resort market that has and will continue to benefit greatly from the Baby Boomer's penchant for buying second homes and vacation properties. These are folks who have already made their money, and are looking at ways to put it to good use.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. The oil spill is without a doubt an environmental catastrophe of epoch proportions. Our hearts go out to all of those whose livelihoods and way of life have been so damaged.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for June 14th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 856 (343) | 233 (32) | 807 (107) | +10 |
| Condos | 1261 (228) | 256 (8) | 1059 (172) | +9 |
| Land | 573 (155) | 30 (8) | 134 (21) | NC |
| Total | 2690 (726) | 519 (48) | 1100 (300) | +19 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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The Summit Estates its all about big views. Totally custom home. Outstanding features include easy living single level floor plan, 3 master suites, custom hickory cabinetry, 8' knotty alder doors with custom woodwork throughout. Kitchen, living room, and master suite all have panoramic ocean & outer island views. |
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Panoramic ocean views and first class quality are evident in this beautiful estate property on almost five acres. Located only about 1,000 ft from the Pacific Ocean, the home, guest cottage and "out" buildings were tastefully renovated in 2007 & 2008. No expense was spared with features like African & Honduran mahogany kitchen cabinets. Brazilian cherry floors, soaring ten foot ceilings in the living/dining/kitchen, Sub Zero refrigerator, Wolf range, oven & microwave. |
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This beautiful property sits high atop a secluded ridge directly above the Kapalua Resort. Stretch out and enjoy this fabulous home with two master suites, two fully equipped guest suites huge gourmet kitchen, large great room, over 1000 sf of covered patio, Forest reserve property on two sides and unobstructed ocean views from multiple locations on the huge 7.9 acres of land. |
 811 L Kimo Drive Kula $342.9K (FS) |
Bank Owned. This is a 2 bedroom / 1 bath home on over ½ acre in a desirable lower Kula neighborhood. This is a fixer upper and could be made into an amazing property.
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Short Sale. Appraised at $850,000 3 years ago, this ½ acre property offers 2 homes - 3 bed 2 bath main house, and a 1 bed 1 bath cottage. The grounds have great privacy thanks to the mature landscaping and fruit trees, which include avocados, cherimoyas, macadamia trees, bananas, loquats, even a pomegranate. The trees include a variety of palms, Norfolk pines and a jacaranda. Built in 2001, the house is positioned to take full advantage of the beautiful mountain and ocean views. |
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 545 Linekona Place Wailuku $495K (FS) |
Oceanfront Short Sale. 10,689 sq. ft. lot with 5 bedroom, 3 bath, 2,384 sq. ft. living area, tile roof, stucco home with wrap around decks. Enjoy fantastic views up and down the coast, ships cruising into the harbor, Haleakala, the East Maui coastline, gorgeous sunrises, and Kahakuloa Rock to the north. Surf right out front.
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Bank Owned. Here's your chance to own a half acre home in beautiful Maui Meadows. |
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Bank Owned. This residence is located on the 6th & 14th fairway of the Kaanapali Golf Course just a short walk to Kaanapali Beach and the shops and restaurants of Whalers Village. With Golf Course & Ocean Views this unique home has two complete kitchens, a full bathroom for each oversized bedroom, pool, hot tub, dry sauna and plenty of private space for entertaining. |
Ho'olei P-5
Wailea $2.2M (FS) |
Ho'olei is Wailea's new luxury planned community, located directly across from the Grand Wailea Hotel Resort and Spa. This exclusive neighborhood is comprised of 120 town homes. This 3 bedroom, 3.5 bath home offers a private entry and attached garage. You will feel right at home with features such as a private elevator, a gourmet kitchen with Wolf and Sub Zero appliances, and Snaidero cabinets. |
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Bank Owned. Beautiful 2 bedroom condo that was tastefully upgraded in 2003 and made into a home. Some of the upgrades include a custom crafted bathroom, solid cherry cabinets (with tambor panels and lazy susans), top of the line new GE Profile appliances, recessed lighting, pergo flooring in the bedrooms and tile floors throughout. If you love to entertain, slide back both patio doors to extend your living area to the outside.
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Short Sale. Previously approved and just fell out of escrow. Walk to the beach in less than a minute. Experience fantastic ocean views from this ground floor 2 bedroom, 2 bath condo. This gorgeous unit has been beautifully remodeled with luxurious features that include onyx, slate, bamboo, new appliances and cabinetry.
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 Paki Maui #102/102A Honokowai $646.9K (FS) |
Bank Owned. Great value for this large 2 bedroom / 2 bath direct oceanfront unit at Paki Maui. It is currently used as a one bedroom unit and a studio. There are no appliances and furnishings in this unit.
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 Keonekai Villages 13-203 Kihei $180.9K (FS) |
Bank Owned. 2nd floor unit at Keonekai Villages. 2 bedrooms, 1 bath with no lanai. |
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 The Breakers D-21 Honokowai $215K (FS) |
Major price reductions from the Developer, plus Free Maintenance fees for the first year. At the Breakers in Honokowai, life is full of possibilities. Walk to the beach for a swim or stand-up paddle, or to the store to pick up fresh, organic produce. Relax in the whirlpool, then barbeque with friends. And if you work or play in Lahaina, Kapalua, or Kaanapali, it’s just a short drive away. |
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Government Owned. Great 3 bedroom/2 bath corner unit at one of Kihei's most desirable communities. Spacious floor plan, good condition, beautiful property (with one of the island's best recreational areas including pool, spa, playground, BBQs, community room), two assigned parking spaces, AC, solar hot water, pet friendly. Central location, a short walk to the beach, shopping and restaurants. |
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