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The Smith Team - Two Generations of Satisfied Customers

  Issue 404 November 30th, 2010 
 
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million

Vacation Condo
Over $1M
Vacation Condos Under $1M
Residential Condos Under $1M
Vacant Land

 

  REO Properties


All Properties
New  Properties

Price Reductions

Short Sales

Homes
Condos
Land

New Properties
Price Reductions

Market Update

Are the good times back?  Well, we are not quite prepared to say that; however, we do feel that things are definitely improving.

We are getting multiple offers over list price on many of our bank owned listings lately.  Within the last 2 weeks, 5 homes in the $3 to 8.5 Million range went under contract.

Also, according to several vacation rental companies, they are seeing bookings running way ahead of last year.  Approximately 80% of the bookings during the busy Winter Season which runs through April 15th, are from Canadian visitors.

Not surprisingly, these same visitors have been a prime source for purchases especially for South Maui condos and homes.  The fact that real estate prices here have dropped 30 to 50%, while at the same time their currency has gained strength against the U.S. Dollar, should only add to their desire to acquire more properties in the upcoming Winter season.

Have a wonderful week.

Mahalo Nui Loa,

The Smith Team 

P.S.  Please become a fan of our Facebook page by clicking on the link below, and follow us on Twitter.

Smith Team Photo on Website.jpg

Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)

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Market Watch for November 29th, 2010

 Active Pending Sold Change
Homes   828 (318) 223 (28)    827   (100) -18
Condos 1210 (225) 243 (12)   1131  (166) -3
Land  585 (152)  22 (7)   124   (13) +3
Total 2623 (695) 488 (47)   2182  (279) -18

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.

Homes Over $1M

911 Kupulau Drive.jpg
911 Kupulau Drive
Kihei
$1.25M (FS)

High atop Maui Meadows with magnificent ocean, West Maui, Lanai, & Maalaea Bay views, this elegantly renovated 3 bd. 3 bath residence is ‘A Must Experience’. Designer renovated, elegantly furnished & move-in ready. This serene, private, eagle’s nest location; a Hawaiian Paradise, allows for a lifestyle of peace & privacy on a 21,867 s.f. lot. Soaring ceilings & a multitude of glass sliders make this light filled environment a comfortable place to call ‘ home’.
 

28 Apuwai Street.jpg
28 Apuwai Place
  Haiku
$1.995M (FS)

Boasting sweeping ocean views of Maui’s North Shore & offering overtures of sunsets over the majestic West Maui Mtns. This verdant 2 acre Haiku estate is a Must Experience. Private, gated & elegant, you enter this 4 bd. 3 bath 3,340 sq. ft. residence thru its porte-cochere to find soaring ceilings, maple, cork, & slate floors, a gourmet kitchen with granite counters, a multi-zoned sound system, a 6 partition security system, & high speed internet wiring throughout.

Homes Under $1M

287 Hoalike Street.jpg
287 Hoalike Street
Kihei

$259K (FS)
 

Bank Owned. Great value for a home in N. Kihei. Needs work and TLC.

29 Kupee Place.jpg
29 Kupee Place
Pukalani

$260K (FS)
 

Old plantation style home that needs work but is still livable. There is an old carport and a couple of out building/sheds. The lot is 11,144 sq. ft. with water meter and cesspool.

90 Moana Avenue.jpg
90 Moana Avenue
Kihei

$849K (FS)

 

Short Sale. The Sunnyside of Maui, boasts of this stellar new development Moana Estates in a Beachside community. Kihei has a wealth of amenities and services: acclaimed restaurants, public and private schools, and an aquatic center with Olympic sized pools. Between Kihei and neighboring Wailea Resort, the region has the diversity of shopping from quaint boutiques to luxury stores at the “Shops at Wailea”.

  Customer Listing Synopsis

Vacation Condo Over $1M

Honua Kai 420.jpg
Honua Kai #420
Ka'anapali
$1.095M (FS)
 

The perfect choice in the Hokulani Tower – Phase One. Just in time for the perfect holiday present to the family at a great price for this 180 degree panoramic view with both mountain and ocean views. Unit has interior space of 1,240 sq. ft. and a huge lanai of 505 Sq. ft. for true outdoor dining.

Hoolei 17 1.jpg
Ho'olei 17-1
Wailea
$2.649M (FS)
 

Whole or fifty % ownership available. Luxurious ocean view 3 bd. 3.5 ba. en-suite, two story 3,076 sq. ft. interior and 4000 sq. ft.f overall town-home. This ‘paradise in paradise’ features elegant travertine floors, recessed cove lighting, ample crown-molding, an interior private elevator, enclosed one-car garage, a dedicated additional covered parking spot, full laundry room, Snaidero Italian custom kitchen with iridized glass back-splash & African Sapele Mahogany cabinetry & specimen quality granites abound.

Vacation Condos Under $1M

Kihei Bay Vista D 209.jpg
Kihei Bay Vista D-209
Kihei
$193K (FS)

 

Short Sale. This is a fully furnished 1 bedroom / 1 bath unit at Kihei Bay Vista. Amenities include a pool and hot tub, gas grills, and a outdoor dining area. Ocean view from the bedroom. Kihei Bay Vista is just across the street from the Whale Sanctuary and a very long stretch of white sand beach.


 

Kahana Villa E114.jpg
Kahana Villa E-114
Kahana
$299.9K (FS)

 

Bank Owned. This complex is across the street from the beautiful beach and within walking distance to shops and restaurants. It offers amenities such as a tennis court, pool, Jacuzzi, BBQ area and a front desk. A ground floor "corner" unit that has a lofted master bedroom.


 

Kapalua Bay Villas 20G4.jpg
Kapalua Bay Villas 20G4
Kapalua
$645K (FS)

 

Wonderful oceanfront ground floor unit. Steps to beach close by. A/C included. Tile floor, and in private rental program. This is above Oneloa Bay so very nice Northeast views. Light and bright in the morning.  Seller will consider an exchange for property in Carmel, Pacific Grove or Monterey and will finance sale with 25% down.


 

Residential Condos

Maui Lani Terrace D103.jpg
  Maui Lani Terrace D-103
Kihei
$114.9K (FS)
 

Bank Owned. Ground floor unit in building D, located right across the street from the ocean. Terrific location in West Maui, walking distance to park, beach, shopping, and restaurants. The complex offers an in ground pool and BBQ area.

 

Villas at Kenolio 7D.jpg
Villas at Kenolio 7D
  Kihei
$161K (FS)

 

Government Owned. Located near ocean and protected grassy conservation land, close to shopping, restaurants and activities. Pet friendly complex. Unit is on ground floor and comes with two parking stalls.


 

Wailea Palms 3703.jpg
Wailea Palms #3703
Wailea
$649K (FS)

 

Lowest priced 2 bedroom 2 bath unit at time of listing. No showings until Dec 1, 2010. Possible court ordered sale.


 

Vacant Land

0 Government Road.jpg
0 Government Road
Kaupo
$950K (FS)
 

Rolling fields of green, untouched soil and breathtaking ocean/mountain views tucked away and preserved in natural beauty is a special place referred to as Kou. This property offers numerous buildable sites with unobstructed bi-coastal view and includes a private shoreline hideaway.

  Customer Listing Synopsis




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Coldwell Banker Island Properties
3750 Wailea Alanui Drive Suite B-35
Wailea, Hawaii 96753
US

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