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Aloha ,
Market Update
Freddie Mac posted a $2.9 billion profit in the 3rd quarter. This is the 2nd consecutive quarter that Freddie hasn't required any additional bailout money from the U.S. government. This shows the continued improvement in the housing market. Fannie Mae and Freddie Mac were given $187 billion in aid the last few years and have only returned $47 billion in dividends.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. – Our featured property this week is a spectacular 6 acre estate at 200 Kalaunu Way located in the prestigious gated community of Honolua Ridge in West Maui. The estate consists of a large main house with over 4,000 sq. ft. of living area, 2 bedroom cottage, guest house, and pool house. Some parts of the property do not conform. The asking price is $2.85 million. Let us know if you are interested and we'll be happy to provide you more details. You could not replace this home for any where's close to the asking price!
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for November 12th, 2012
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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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501 (255)
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242 (16)
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918 (120)
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+7
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Condos
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720 (153)
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271 (18)
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1180 (74)
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-16 |
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Land
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401 (106)
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49 (9)
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150 (17)
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-2
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Total
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1622 (508)
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562 (43)
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2248 (211)
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-11
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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
745 Kupulau Drive
Kihei
$1.85M (FS)
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Spectacular 7 bedroom 6 bath estate. This Mediterranean style chateau has ocean and mountain views. There is a separate two bedroom/one bath cottage. Home boasts privacy with gated entrance, circular drive and lush landscaping. It flows very well for entertaining throughout.
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554 Punakea Loop
Launiuopoko
$4.5M (FS)
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This 45 acre parcel offers privacy and truly panoramic ocean views including Kahoolawe, Lanai and Molokai. The brand new 5 bedroom, 5.5 bath home has incredible views from every room. The saline infinity pool, with underwater sound system, is 80 feet long with a spa that seats 10 comfortably. The 5777 sf home has both upstairs and downstairs lanais that total more than 3000 sf for a truly outdoor living experience.
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Homes Under $1M
363 Nihoa Street
Kahului
$300K (FS)
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Need a project in a great location. This home needs work but is located in convenient Kahului Town. With this large lot, buid a cottage and/or extend the main house. Lots of potential.
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576 Akolea Street
Wailuku
$370K (FS)
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Short Sale. Wonderful 4 bedroom 3 bathroom family home in Kaimana at Kehalani.
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7 Lotus Place
Kahana
$750K (FS)
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Bank Owned. 3 bedroom 3 bath home in Kahana Ridge with Ocean View. Downstairs has been temporarily walled off to provide attached Ohana with kitchenette. Tile floors throughout, granite counter tops in kitchen. Corner lot with two car attached garage, second story lanai overlooking Kaanapali and Lanai.
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Vacation Condos Over $1M
Kapalua Ridge 221-3
Kapalua
$1.05M (FS)
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Great ocean and Molokai views from this second floor remodeled 2 bedroom 3 bath condo located in the Kapalua Resort Ridge Villas. This property is being sold furnished and is nicely appointed.
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Vacation Condos Under $1M
Maui Vista #2104
Kihei
$259.9K (FS)
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Beautifully remodeled 1 bedroom / 1 bath ground floor unit at Maui Vista. This unit is located in a very quiet area of the resort, just a few steps from one of 3 refreshing pools. Kamaole I & Charley Young beaches are directly across the street.
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Maui Banyan Q-306
Kihei
$319K (FS)
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Good price for great location with ocean views. Beautiful sandy Kamaole Beach II, just across the street for playing in the clear blue Pacific Ocean, snorkeling, kayaking, whale watching or just relax and watch the sunset. North facing for a cool condo with lower electric bills.
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Honua Kai #220
Ka'anapali
$849K (FS)
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Honua Kai Resort and Spa is as good as it gets on the world’s best island of Maui. Located in the Hokulani tower, residence #220 is a fully furnished large two bedroom unit that has wonderful natural light,partial ocean views, and panoramic views of the West Maui mountains-these are best enjoyed from one the largest lanai areas found in the resort totaling over 1,150 sq..ft. This unit is also the lowest priced two bedroom unit at Honua Kai by roughly $150k at time of listing.
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Residential Condos
Koa Kai #6
Kihei
$279K (FS)
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Rarely is there a unit for sale at Koa Kai. This hidden gem sits high on Walaka with lovely ocean views. Each window has a leafy outlook as if you're in a tree-house. Many upgrades: formal entry, kitchen with an eating bar, maple cabinets and engineered wood floors & tiled entry. Guest bath has jacuzzi tub, master bath is open concept. Overabundance of storage. Master and living room have ocean views, lanai is screened and has views. Pets are permitted.
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Kai Ani Village 11-204
Kihei
$359.9K (FS)
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Developer Deal . Kai Ani Village is Kihei’s most distinctive new condominium community. The “Hoku” floor plan is an open-style charmer featuring a versatile great room and an adjacent dining area with an easy flow that is ideal for entertaining or simply enjoying time with the family. Two spacious bedrooms with their own individual baths add to the flexible nature of this layout. The master bedroom features a walk-in closet and the large lanai offers the perfect outdoor setting.
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Cottages at Kulamanu #7
Pukalani
$429.9K (FS)
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Great unit located at the very desireable Cottages at Kulamalu. This unit was once used as the model home and features many fantastic upgrades such as Central AC & Heat, Alarm & Security system, Solar Water, Upgraded cabinets and countertops, Upgraded appliances, and so much more.
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Vacant Land
344 Pualoa Nani Place
Wailea
$400K (FS)
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One of the few remaining view lots in Wailea Pualani. Elevated lot with maximum building height.
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