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Aloha ,
Market Update
Despite the overall slowdown in the 2014 Maui real estate market we are expectant the future is looking bright. We expect to see a trend this Fall balancing out the market and rewarding buyers who have been patient.
The anticipated surge in buying this Fall is expected to be caused by a shift from a seller's market to a more evenly balanced market. Home prices are beginning to flatten out and buyers are more eager to buy now. We expect to see these trends continue to balance out over the upcoming three months.
As evidenced by price drops and more negotiation between buyers, the stage is being set for a Fall selling surge stronger than any other in the past five years. Are you ready?
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
Ken, Melissa, Greg, and Jeremy
P.S. - 7 exciting new construction and development projects on the drawing board for Wailea, including, an expansion to the Shops at Wailea. The expansion is proposed to have a gourmet grocery store featuring luxury cheeses, wines and complete with a sushi bistro. Contact us for more information about the other projects.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch
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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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550 (250)
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203 (34)
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957 (178)
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-12
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Condos
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767 (181)
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169 (19)
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1243 (185)
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-9
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Land
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389 (133)
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21 (2)
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201 (25)
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-1 |
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Total
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1706 (564)
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393 (55)
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2401 (388)
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+10
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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
23 Mauds Place
Kula
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Absolutely the Best Value and Most Finished Square Feet you will find for your money in Kula! On this very private 2.5 acres, you will find a well thought out 2,798SF Upcountry Family Home with loads of multiple bonus structures (all county approved & permitted). A giant 5,000 SF separate “Workspace”, a 1700SF Studio and a 616 SF semi-attached Guest Ohana; perfect for rentable space.
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80 Puu Hale Street
Kaanapali
$1.55M (FS) |
Feel like you're in the jungle in your own yard. This tropical setting will open your senses to the tranquil lifestyle this home has to offer. Waterfalls and exotic flowers from around the State. The lush surroundings make this property one of the most desirable locations in Kaanapali.
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858 Kai Hele Ku Street
Launiupoko
$3.495M (FS)
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Outstanding ocean and island views and a fantastic floor plan make this brand new home a must to see. Construction is just now beginning so there is plenty of time to personalize with your own choices. All of the bedrooms face the ocean and two are master suites. The living room and kitchen are designed for entertaining with a huge wall of pocket doors that open to the ocean.
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Homes Under $1M
970 Makawao Avenue
Makawao
$399K (FS)
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Looking for a good deal Upcountry? This is it! Check out this great buy in Makawao Ranch Acres! Fully fenced with a rolling gate - great for pets and/or children, and even a peek-a-boo ocean view. There are 3 bedrooms, 1.5 bathrooms, a 2-car 400 S.F. garage + storage room, laundry room, a permitted enclosed patio between the kitchen & garage that could be used as a den, dining room or other creative space.
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240 Kamahao Circle
Waikapu
$500K (FS)
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This two story home is on a corner lot and is located just below Honoapiilani Hwy which makes for an easy access going into and out of Wailuku. Home was insulated when constructed and is very quiet inside. Large living/dining area with vaulted ceilings, kitchen, 1/2 bath, and the master bedroom on the 1st floor, with the laundry room directly across from it. The upper floor has the family area space with 2 bedrooms and a full bathroom.
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264 Puumakani Street
Kahului
$520K (FS)
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Bank owned - Desirable subdivision in Maui Lani, planned development area. Three bedrooms and two bathrooms with a mountain view.
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525 Komo Ohia Street
Wailuku
$539K (FS)
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Bank owned - This home sits on the ocean side of the street and offers both ocean and mountain views from the back yard. With three bedrooms and two bathrooms this great Wiluku home will not last long.
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63-B Olinda Road
Makawao
$649K (FS)
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A wonderful light and airy 4 bedroom, 3 bath home within walking distance to Makawao Town. The kitchen has been updated with wooden cabinetry and there are laminate floors throughout. A covered, glassed and screened in lanai upstairs is adjacent to the kitchen and living room. Enjoy privacy and serenity among the trees. This home has both photo-voltaic and solar hot water systems and a two car enclosed garage.
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133 Ka Drive
Kula
$739K (FS) |
Super Rare Five Island 180 degree Stunning Ocean Views and 180 degree Haleakala Mountain Views! This warm, charming and very well maintained home is your ideal private hideaway. You'll love the privacy of waking up to the morning sun peaking over the mountain, indulging in breakfast or any time of day entertaining on the spacious lanai which backs up to the vast acreage of ranch-land. The second and third lanai expand your enjoyment in all directions.
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Vacation Condos Over $1M
Puamana 240-5
Lahaina
$2.495M (FS)
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Front Row unit of Puamanas manicured 30 acres. Truly awe inspiring ocean views while dining on your private lanai. This spacious 1480 Sq ft. 3 bedroom, 2.5 bath living space allows for exclusive island living. Granite counters, stainless steel appliances, tile throughout and plenty of extra storage. Stroll around the grounds to one of three pools, try your hand at tennis, or even meander into famous Lahaina town.
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Vacation Condos Under $1M
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Kihei Akahi C516
Kihei
$379K (FS)
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Fabulous Remodeled Ocean View unit, in Kihei Akahi, directly across from Kamaole 2 beach. Granite counters, with glass backsplash, new cabinets, stainless steel appliances, new light fixtures, new tile floor, walk in shower and Air Conditioned. Can be used as a vacation rental, second home or long term rental. Great value for an Ocean View unit.
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Maui Banyan T106
Kihei
$384.5K (FS)
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Very nicely furnished in a "Tommy Bahamas" style decor and ready for rental. This ground floor unit in the T building is turnkey and close to the pool/spa and the tennis courts. Sleeps four very comfortably with the sleeper sofa and King bed.
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Aina-Nalu E202
Lahaina
$395K (FS)
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Rare prime upstairs cottage 2 bedroom/2 bathroom in desirable Building E fronting Wainee St. Completely renovated & remodeled boutique resort located in the heart of historic Lahaina. World famous Front St. is 1 block away with easy access to dining & shopping. Aina Nalu offers resort living at its best with 2 stunning pools, private Balinese bungalows, pavilion and gas barbeques.
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Residential Condos
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Puuone Terrace #317
Wailuku
$104.9K (FS)
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Awesome unit centrally located in Wailuku town close to everything. Mountain and ocean views in remodeled unit. On the third floor close to the elevator. Includes one covered parking stall.
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Villas at Kenolio #1F
$300K (FS)
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Great complex, fabulous price, beautiful spacious 3 bedroom 2 bath ground floor condo at The Villas at Kenolio across the street from the beach. In ground pool, exercise room and playground.
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Iliahi at Kehalani #6C
Wailuku
$330.75K (FS)
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Short Sale - This unit has recently had an upgrade. New paint, new carpet and new appliances installed. Fabulous ocean views from the master suite bedroom. All three bedrooms are upstairs. Half bath, living room, kitchen and dining room are downstairs.
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Vacant Land
5171 Makena Road
Makena
$1.499M (FS)
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Ready to build your Makena, Maui Dream Home? Papaanui, Lot 7, is incomparable in its unique Location in Makena, Maui, Hawaii. There is a 3/4 inch County Water meter installed on property. Wonderful South facing Ocean, Molokini Crater, coastline, and outer island views. Makena Maui is south of Wailea and Kihei and is revered as a pristine, less developed, magnificent coastal area.
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