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| Issue 323 | May 12th, 2009 |
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| Aloha ,
In this newsletter:
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South Kihei Gem
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Market UpdateThere are several very key indicators that are giving us renewed confidence and optimism to buy real estate now. 1. Inventories have declined significantly in 29 major metropolitan cities and especially so in those areas where Maui gets most of its buyers, i.e. West Coast cities. 2. The stock market as reflected in the S&P averages has rebounded by 36% from the March lows. 3. Interest rates while remaining low are starting to trend higher. Good argument for buying now rather than waiting until later when interest rates will most likely be much higher. There are other things such as consumer optimism and spending both of which are up as well as construction spending. It appears as if the worse is over and we will be heading out of recession soon. If you agree and think it is a good time to buy now, please contact us so that we can help you find just the right property to meet your needs and suit your budget. Have a wonderful week. Mahalo Nui Loa, The Smith Team P.S. Extraordinary opportunity to buy a luxury condo at Ho'olei either as full or partial ownership with Seller financing as low as 3%. We have openings for 2 months purchases in the following months: March through June and August through December. The months may be together or separated.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for May 11th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 1023 (425) | 154 (21) | 752 (126) | -7 |
| Condos | 1585 (306) | 127 (11) | 586 (132) | -21 |
| Land | 618 (177) | 41 (19) | 82 (32) | +9 |
| Total | 3226 (908) | 322 (51) | 1420 (290) | -19 |
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1. The numbers in parentheses reflect the number of listings over $1M |
 371 Pualoa Nani Place Wailea $1.45M (FS) |
Lovely 3 bd. 3 bath 2,350 sq. ft. home nestled among lush green landscaping. Great size yard to build your own customized pool/ water feature. Living room opens to a trellised lanai great for entertaining. Master suite and junior suite located on the 2nd floor separated by a second living area. Garage has a large storage/workshop.
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A private estate in one of the most spectacular settings on one of the most beautiful islands in the world. Here is your opportunity to own a masterpiece. Situated on 5.8 acres above the crystal blue Pacific. This home is part work of art part home. With sunrise and sunset views and whale watching in the winter. It is hard to imagine a more lovely setting. |
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 2162 Iliili Road Kihei $6.798M (FS) |
Desperate seller must sell now. Enjoy the benefits of Full or Partial Ownership in this sensational custom oceanfront home located on the Gold Coast of Maui, renowned for it's long expansive white sand beaches. From Makena to Maalaea, enjoy the panoramic views, spectacular sunsets and whales breaching right in front of you.
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 724 Makaala Drive Wailuku $303.9K (FS) |
Bank owned. Centrally located home split into 3 seperate units by previous owner. Main home with converted garage, 2/2 ohana and studio ohana.
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Bank owned. Great view home in Waiehu Terrace. Come see this 3 bd. 2 bath home with ocean views and hollow tile wall surrounding property for some privacy. |
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 509 Kea Street Kahului $425K (FS) |
The main dwelling needs work. The cottage is in good condition. Very large lot in need of some care. Includes newer frost free freezer and large refrigerator. Fruit trees on property include Hayden mango, bananas, star fruit, orange, tangerine and 2 coconut trees (one producing).
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 259 Kamalei Circle Kahului $542K (FS) |
Bank owned. Plantation style home in a gated community. Custom stucco one story, 4 bd./3.5 bath well maintained home. There are 2 master bedrooms w/bathroom or use one as a office/den . Presidential roofing, 9' ceiling, Jacuzzi, central a/c, double pane windows, granite countertops, custom cabinets, pergo-wood flooring throughout, ceramic tiles in the kitchen and bathrooms, separate laundry room w/bathroom, lots of storage space.
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Surround yourself with 2 tropical acres of privacy and secret gardens consisting of over 80 varieties of native Hawaiian plants. This solidly built, single level home sits at the end of a cul-de-sac in desirable Haiku Country Estates. The gated entry and long tree lined curved driveway veil the home from the street. The surrounding grounds ramble with trails leading into a variety of native gardens and fruit trees including, star-fruit, banana, avocado, papaya, breadfruit and many other varieties. |
Ho'olei S6
Wailea $1.795M (FS) |
Ho'olei is Wailea's new luxury planned condominium development situated in the very heart of Maui's sunny southwestern shore. This 120 unit spacious two-story town home design development has finely appointed interiors, private elevators, and attached garages. |
 Kihei Kai Nani #128 Kihei $207.9K (FS) |
Bank owned. Fixer upper in popular vacation condo.
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 Royal Kahana #205 Kahana $219K (FS) |
Take advantage of the market, and invest in this short sale that is being offered at more than $150K less than it was purchased for in 2005. Outstanding beachfront location in the heart of Kahana. Resort amenities include pool, tennis, sauna, exercise facility, and an optional on-site rental program. |
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 Kihei Resort #206 Kihei $325K (FS) |
Short sale. Beautifully remodeled two bedroom vacation rental in lush tropical Kihei Resort. This spacious condo has recently been remodeled and features new pergo flooring, crisp white wainscoting, granite vanities, hunter ceiling fans and fresh tile throughout. This complex is small and intimate, and features a pool, spa, BBQ area, and located just across the street from 2 beaches.
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 Kihei Alii Kai D-108 Kihei $390K (FS) |
Two bedroom two bath unit that allows weekly rentals. Some ocean views. Very quiet private corner of complex. Close to all amenities and across the street from the ocean.
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 Island Sands #200 Ma'alaea $399K (FS) |
Lowest priced (FS) 2 bd. 2 bath condo in Ma'alaea. This beautiful, spacious condo has two lanais to maximize the ocean views. This condo has recently received major upgrades and is clean and bright with new tile, paint, and lights. Granite countertops in kitchen, the condo also comes furnished, and is ready for vacation rental. Enjoy outside dining on your large ocean view lanai, overlooking the pool.
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 Honua Kai #208 Ka'anapalii $665K (FS) |
Ocean views from this 1 bedroom , 1 bath fully furnished new Beachfront development just completed in 2009. Now priced $$ below Developer pricing! Honua Kai gives you the opportunity to now own fee simple on the beach in Kaanapali. This 1 bedroom unit is larger than many others. Comes completely furnished down the the silverware for immediate move in ability.
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 Puuone Terrace #203 Wailuku $145K (FS) |
Honestly beyond Wailea in Wailuku. Dropped ceiling, inset lights, top of the line carpentry and tile setting, oak doors, German engineered oak cabinets, lazy susan dish rack, stainless steel appliances, gas range, water filtration. This place belongs to any professional coming to Maui for business, traveling nurses, doctors, lawyers. Or someone who has high standards of living. |
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 Iao Parkside 25-102 Wailuku $230K (FS) |
Short sale. Ground-floor 3 bedroom, 2 bath with covered lanai and yard. Available for immediate occupancy as unit is vacant. 2 side by side parking stalls included with the sale. Includes all appliances including newer washer/dryer, stove and refrigerator. |
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 Haleakala Gardens 8-E Kihei $239K (FS) |
Short sale. Great location within the complex! This unit is spacious, airy and neat with a nice private feeling. Pride of ownership shows when you walk in the door. High vaulted ceiling adds to spaciousness. Desirable upstairs, end unit, tile flooring , newer carpeting in the bedrooms, and Bosch washer / dryer. |
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 Opukea A-202 Lahaina $399K (FS) |
We are very excited about this new community which has a total of 114 condos in seven buildings on 6.5 acres with everything included. They have elevators , central air, wall and ceiling insulation, double and triple pane windows and two parking stalls, one covered and one uncovered. |
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