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The Smith Team - Two Generations of Satisfied Customers

  Issue 309 Feb 3rd, 2009 
 
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condos Over $1M
Vacation Condos Under $1M
Residential Condos
Vacant Land

 

 

Market Update

The market continued to show signs of improvement with more new Pending Sales this week than the previous week.  The news was not all positive, however, as the number of Active listings also increased.

So, in the face of  bleak economic news, and mixed real estate indicators, you might be asking yourself, "Why buy now?"  Here are several good reasons why it might make sense for you to buy now.

Inventory levels are at record levels which means it is definitely a Buyer's Market.  Many sellers cannot afford to wait until prices improve, so this is a great time to wheel and deal.  Even developers on new projects are slashing prices and offering incentives such as credits for closing costs and optional upgrades.

Interest rates are on the rise, so if you are getting a loan, your eventual cost will most likely be higher in the future.

Real estate is a long term investment.  Ask anyone who bought a home 20 years ago, and almost without exception, they will say that it was a smart move.  Even given the ups and downs, over the long term, real estate has proven to be an excellent investment vehicle.

Purchasing a home is first and foremost about lifestyle.  Yes, it is important to take in to account financial factors, but also think about your family, your job, and what would bring you the greatest happiness.

Have a great week!

Mahalo Nui Loa,

The Smith Team

Smith Team Photo on Website.jpg
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)

Market Watch for February 2nd, 2009

 Active Pending Sold Change
Homes 1064 (468) 97 (16) 867 (159) -5
Condos 1689 (353) 90 (6) 743 (205) -12
Land 582 (186) 21 (8) 90 (33) -3
Total 3335 (1007) 208 (30) 1700 (397) -20

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

384 Wekiu.jpg
384 Wekiu Place
Kihei
$2.325M (FS)
 

Stunning ocean views. This spectacular 3 bd. 3.5 bath custom home sits in the enviable front line position within the exclusive double gated community known as The Summit Estates. 

 

406 Monarch.jpg
406 Monarch Place
Kapalua
$2.49M (FS)

 
Beautiful home built on a large size lot in Pineapple Hill. Just remodeled, this property offers magnificent ocean, island, and sunset views. Offered fully furnished.
 

 

 

231 Kaupalena.jpg
231 Kaupalena Place
Kapalua
$5.495M (FS)

 

This home sits high atop a secluded ridge on 7.9 acres directly above the Kapalua Resort.  Two master suites, two fully equipped guest suites, huge gourmet kitchen, large great room, and over 1,000 sq. ft. of covered patio. 

Customer Listing Synopsis

Homes Under $1M

5 Kupalaiki Loop.jpg
5 Kupalaiki Loop
  Kihei

$310K (FS)
 

Conveniently located near shopping, community center, and restaurants.  Renovations include new windows, AC, glass sliding door, flooring, bathroom tile/fixtures, and interior/exterior paint.

 

51 Uahaa.jpg
51 Uahaa Place
Wailuku

$435K (FS)

 

Short sale. Almost brand new with nice floor plan. 2 covered lanais in the back and also has solar  water heater. Ideal for those who are looking for their first home.

Customer Listing Synopsis

151 Hoopili.jpg
151 Ho'opili Akau Place
Kihei
$499K (FS)
 

This custom built home is immaculate. Large private fully fenced in yard, fruit trees and garden, large covered lanai, built in entertainment center, built in library/office, laundry room, step in pantry, walk in shower, walk in closet,  and oversized garage with workspace.

Customer Listing Synopsis

 

215 A Naniloa.jpg
215-A Nailoa Drive
Wailuku
$695K (FS)
 

This lovely Kama'aina home has been lovingly restored. Granite countertops, glass block, contemporary wall colors, new cabinets, fans, and lighting, blend strikingly with old Hawaii. The 9 ft. ceilings, crown molding, stamped concrete floors, delightful sunroom, and glass cabinet doors, are reminiscent of an era gone by.

Customer Listing Synopsis

 

Hansen's bank Owned.jpg
129 Halelo Street
Ka'anapali
$824.9K (FS)
 

Bank owned. 4 bedroom 3 bath home located in Ka'anapali Vista. Situated on a 12,000 sq. ft. lot that backs to the Ka'anapali golf course enjoy great ocean views and sunsets from the deck area. Fabulous pool surrounded by tropical palm trees.

Listing Synopsis

 

Vacation Condos Over $1M

Aloha Pualani.jpg
Aloha Pualani
Kihei
$2.85M (FS)
 

Legal hotel, vacation rental, wedding and corporate retreat. This top quality boutique hotel has received awards for excellence and has hosted many grand events. This six unit condo boutique hotel has a double digit cap rate based on the listing price.

 Customer Listing Synopsis

WBV C-301.jpg
Wailea Beach Villas C-301
Wailea
$4.995M (FS)
 

Wailea's newest and most exclusive beachfront community offering the ultimate in luxury living.  This top-floor villa boasts gorgeous ocean views, 2 master suites and many upgrades.

 Customer Listing Synopsis

Vacation Condos Under $1M

Kihei bay vista A201.jpg
Kihei Bay Vista A201
Kihei
$349
K (FS)

 

End unit with ocean view from living room/lanai. Small density (60 units) complex across the street from a white sandy beach. Complex has pool, spa & putting green. Good vacation rental history.

  Customer Listing Synopsis

Hale kai 113.jpg
Hale Kai #113
Honokowai
$379K (FS)
 

Oceanfront one bedroom one bath ground floor corner apartment with lots of windows. Views of Molokai and sunsets from your Lanai. Ocean front pool and private sandy beach for swimming and snorkeling.

 

Maui Kamaole E103.jpg
Maui Kamaole E-103
Kihei
$474.7K (FS)
 

One of a kind, ground floor condo, in one of the most desirable, South Maui short term rental complexes. Beautifully upgraded throughout including flooring, bathrooms, water heater, dishwasher, washer/dryer and a Jacuzzi tub in the master bath.

  Customer Listing Synopsis

Kapalua golf villas 29G4.jpg
Kapalua Bay Villas 29G4
Kapalua
$995
K (FS)

 

Walk straight ahead from your living room to the oceanfront. Fabulous view and top of the line full renovation. This beautifully appointed ocean view Kapalua Bay Villa features a new kitchen, new appliances, granite counter tops, new bathroom, fixtures, tile floors, air conditioning and furnishings.

  Customer Listing Synopsis

Residential Condos

Kihei Villages Bank.jpg
Kihei Villages 5-204
Kihei
$162.5K (FS)
 

Bank owned.Cozy Kihei Village unit with mountain view. This is a beautifully updated 2 bedroom 1.5 bath condo with new lighting, baseboard trim, newer air conditioner, newer appliances including smooth top range, and 1 parking stall #72 right in front of condo.

  Customer Listing Synopsis

Keonekai Bank.jpg
Keonekai Villages 24-204
Kihei
$230K (FS)
 

Bank owned. Priced for quick sale. Clean and ready to occupy. Parking stalls 455-456.

  Customer Listing Synopsis

Pacific Shores A313.jpg
  Pacific Shores A-313
Kihei
$280K (FS)
 

Short sale. Top floor unit with two parking stalls and a bit of an ocean view. Remodeled kitchen with granite counters, new cabinets and appliances.  

  Customer Listing Synopsis

Villas at Kehalani.jpg
  Villas at Kehalani #902
Wailuku
$429K (FS)
 

The Villas at Kehalani will be a 17-acre community of 103 luxury town homes in 30 buildings located in the Master-Planned community of Kehalani. These elegant homes will feature stucco siding and tile roofs and include a 2 car enclosed garage.

  Customer Listing Synopsis

Vintage 130.jpg
  Vintage #130
Ka'anapali
$1.1M (FS)
 

Great opportunity to own 3 bd. 2 bath at The Vintage. The Vintage is located on a premium 17-acre parcel within Ka'anapali Golf Estates. Architecture is plantation inspired elegance with homes tucked along meandering lanes throughout a lush tropical setting.

  Customer Listing Synopsis

Kai Malu 25B.jpg
  Kai Malu 25B
Wailea
$1.26M (FS)
 

Excellent ocean and mountain views offer an incredible setting and privacy. This residence is in impeccable condition. There are many upgrades: pool, spa, hardwood floors and plantation shutters through out.

  Customer Listing Synopsis

Ironwoods 23.jpg
  Kapalua Ironwoods #23
Ka'anapali
$3.995M (FS)
 

The Kapalua Ironwoods is an oceanfront, low density, gated community located in the Kapalua resort on the northwest side of the island of Maui, Hawaii. This prestigious oceanfront complex with its elevated position overlooks Oneloa Bay and the signature hole of the Kapalua Bay Golf Course.

  Customer Listing Synopsis

Vacant Land

42 Moolu.jpg
42 Mo'olu Street
Wailuku
$224K (FS)
 

Large corner lot in Waiolani Mauka. Views of the North Shore and Kahului Harbor. Have building plans. Restrictions to single story the two lots in the view plane to Kahului make this a lot a great location. Pad elevation 13’ over lot in front.

  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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