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Aloha ,
Market Update
According to the Maui News, Chairman Mike White (Maui County Council's Budget and Finance Committee Chair) would like to decrease property tax rates by 3.1 % for the 2015 fiscal budget. White also proposed to cut County overtime pay, eliminate any new county positions, and keep trash collection fees flat.
Mayor Alan Arakawa originally wanted an across-the-board increase of about 6.5 % that could be dropped if the state lawmakers eliminated the hotel room tax. The legislation instead increased the $93 million cap to $103 million for 2015 to 2016. On Monday, Arakawa stated that he doesn't feel the need to increase property taxes.
The 2014 - 2015 real property tax year begins July 1st.
Last year, the Maui County Council approved a $559.3 million budget. White's proposal calls for a $594 million budget which is $29 million lower than Mayor Alan Arakawa's proposed budget of $623 million.
To view the current 2013 - 2014 Maui County real property tax rates, visit.
Have a wonderful week.
Mahalo Nui Loa,
Melissa for The Smith Team
Ken, Melissa, Greg, and Jeremy
P.S. - This past Sunday, we were featured in The Maui News as the Top Team for Coldwell Banker Island Properties in 2013. Thank you to all of our clients for another successful year! We appreciate your business!
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for April 29th, 2014
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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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561 (279)
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223 (33)
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970 (184)
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-12
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Condos
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761 (176)
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225 (24)
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1376 (187)
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+4
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Land
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357 (124)
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48 (8)
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221 (26)
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NC
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Total
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1679 (579)
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496 (65)
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2567 (397)
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-8
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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
3350 W. Lani Ikena Way
Wailea
$1.45M (FS)
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This home has a large covered lower lanai that opens up to a pool and spa. This 5 bd. / 4 bath 2 story home is one of the largest in Pualani at nearly 4,000 sq. ft. 2 zone central AC, large master bedroom suite with a jetted tub, walk in closet, and beautiful French doors opening up to a large covered lanai with ocean views.
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338 Cook Pine Drive
Kapalua
$2.345M (FS)
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This two story, 4088 sq. ft. peaceful, elegant, fully furnished home boasts unrivaled privacy. Situated at the end of a cul-de-sac nestled amongst the Cook Pines featuring amazing sunsets. Four en suite bedrooms with an additional ½ guest bath featuring two of the master bedrooms facing the Pacific Ocean. T
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Homes Under $1M
451 Kanai Place
Wailuku
$279K (FS)
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Large lot directly facing the ocean (Big Lefts surfing break). There are 2 homes attached to each other and one of them is a tear down.
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115 Oluea Circle
Kihei
$429.9K (FS)
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Bank Owned. Home is in need of some repairs. This is a hidden gem for the right buyer.
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485 Kalalau Place
Kihei
$489.5K (FS)
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Short Sale. House & Cottage, main home is 3 bedroom 2 bath with a detached 2 bedroom 1 bath cottage. Home needs TLC.
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101 Healani Place
Pukalani
$499K (FS)
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You will be amazed by the plantation home charm this home has with an open floor plan and beautiful remodeled kitchen. There are 4 bedrooms and 2 baths and another permitted bedroom in the carport area which is currently being used as a work shop.
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7 Lily Place
Kahana
$849K (FS)
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Looking for the lowest priced single family home in West Maui with its own private pool? Look no further than 9 Lily Place in Kahana Ridge. A 4 bd. / 2.5 bath /2,400 sq. ft. corner lot home with ocean views, steel frame construction, ground floor master suite (with spa tub) and extra den / office.
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Vacation Condos Over $1M
Wailea Elua #2105
Wailea
$1.575M (FS)
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Gorgeous recent remodel. Lovely, large open kitchen with granite counters, new cabinets, newer appliances. New flooring. Fully furnished with lovely tropical furnishings.
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Vacation Condos Under $1M
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Lahaina Shores #222
Lahaina
$199K (FS)
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Popular Lahaina Shores beachfront resort right on Front Street in Lahaina Town. Great restaurants, shops and art galleries right next door at the 505 Shopping Center.
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Aina Nalu C-102
Lahaina
$389K (FS)
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Think green, think Aina Nalu. This end unit has 2 bedrooms, 2 baths and shows like new with stone tile floors, granite counters, cherry wood cabinets and oversized bathrooms. The condo layout gives you and your guests the feeling of 2 separate suites.
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Grand Champions #75
Wailea
$689.9K (FS)
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This fabulous 2 bd. ground floor Grand Champions unit has a charming ocean view overlooking the Wailea Blue golf course.
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Residential Condos
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Iao Parkside 43-102
Wailuku
$239K (FS)
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Great chance to own a ground floor unit with a large wraparound yard at Iao Parkside
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Kihei Shores J-201
Kihei
$240K (FS)
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2 bd. 2 bath 2nd floor unit. Unit was remodeled in 2009 with laminate flooring and new appliances. Lanai view is of the garden and small ocean view.
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Hale Kanani 2-304
Kihei
$489.5K (FS)
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Milo Court 3 bedroom, 2.5 bath residence, with a two car garage, and beautiful Haleakala and West Maui Mountain views. Well kept, low maintenance, fenced yard. Exceptional Wailuku location, close to schools, shops, the hospital, Maui Lani Golf course, and the MACC.
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Vacant Land
153 Makawao Avenue
Pukalani
$378K (FS)
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Mountain views and including an installed Maui County water meter. Ag zoning, according to Hawaii Info Service, yet surrounded by various other zonings and uses, including R-3 Residential, commercial applications and a church.
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