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Aloha ,
Market Update
Most buyers hate the thought of building, which is why those that are willing to go through the aggravation and headaches of doing so often can create a lot of equity for themselves.
I decided to put my money where my mouth is in this regard. I am buying a lot in Sandhills Estates where I intend to build a spec home. If all goes well, I will be selling a brand new finished home with great views in about 8 months from now.
Furthermore, I decided to take the lot in Haiku that I own off the market, and build a cottage on it. I will then condominiumize the lot, and sell of the cottage and future house site separately. I just can’t see leaving so much money on the table.
If you are interested in exploring this option, I know of many other great lots where one can put up either a spec home or one for their personal use. Let me know if that idea interests you.
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
Ken, Melissa, Greg, and Jeremy
P.S. - Maui GMO Ban Initiative comes up for a vote in November. Emotions are running high on both sides of this issue. How do you stand? For or Against?
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for September 2nd, 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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545 (255)
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220 (32)
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945 (179)
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NC
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Condos
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780 (192)
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166 (17)
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1276 (190)
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-2
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Land
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393 (133)
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24 (3)
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202 (25)
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+4 |
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Total
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1718 (580)
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410 (52)
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2423 (394)
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+2
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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
1461 Naalae Road
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This beautiful 4-bedroom, 2.5-bath, single-level view home is on 2.01 landscaped acres. It shows pride of ownership and quality of construction: stucco exterior, high vaulted ceilings, Brazilian Cherry flooring, a “chef’s” dream kitchen with modern stainless steel appliances, a welcoming entry with forever views, and a master suite with a private, cozy patio. There is a detached 3-car garage with a workshop for the week-end handyman.
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3523 Malina PlaceKihei
$1.85M (FS)
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Magnificent views spanning Makena to Wailuku. Photovoltaic system has been purchased and installed, monthly electric for main house is a mere $19 per month. This spacious 5 bd. 4 bath home has been remodeled throughout. Large open living and dining areas.
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2850 Kamaile Street
Wailuku
$2.5M (FS)
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Escape to another world while being just 10 minutes away from the heart of Maui business. Enjoy resort-style living as you step through the front door, through the Great Hall to enjoy the saline pool and hot tub, stunning island and ocean views, outdoor kitchen and wood-burning fireplace.
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Homes Under $1M
220 Kenolio Road
Kihei
$445K (FS)
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2 homes on a 10,002 sq. ft. lot. Short walk to Sugar Beach. Near public transportation, restaurants, and businesses.
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141 Ohukai Road
Kihei
$475K (FS)
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Ocean view home with three separate living areas. Upstairs: open concept with high ceilings, two balconies with great views, large bedrooms (one with a walk-in closet) and full bathroom. Downstairs: cute studio and huge carport. Attached renovated original Plantation home with two bedrooms and a bathroom.
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621 Kuu Home Place
Kihei
$495K (FS)
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Great value for this 3 bedroom / 2 bath single level home in Ka Ono Ulu Estates. Floor plan consists of an open living room with a separate kitchen and dining room area. Upgrades include laminate and tile flooring, tiled counter tops, customer tiled bathrooms, solar hot water heater, and 5 air conditioning units.
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132 Kapela Place
Kahului
$509.5K (FS)
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Short Sale. Fabulous well manicured, spacious, beautiful 3 bedroom 2.50 bath with 2 car garage, located in beautiful Maui Lani at The Legends. Conveniently located near newly developed Kehalani Village Center, Pomaikai School and major grocery and pharmacy retailers.
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566 Kuikahi Drive
Wailuku
$769K (FS)
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Exceptional custom built home in Wailuku Heights near the top of a quiet cul de sac with the Iao Mountains as a back drop and Haleakala, North and South shore ocean views. This spacious split level home offers a grand entrance, chef's dream kitchen for entertaining being open to the dining room with tons of counter space, gas range, and sub zero refrigerator, 3 private suits, stucco exterior, tile roof, large windows to capture the views, several balconies and a flexible floor plan.
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Vacation Condos Over $1M
Makena Surf G-102
Makena
$2.85M (FS)
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Rare ground level, beautifully renovated. The large (1510 sq. ft) units rarely come on the market! Enjoy the beautiful grounds of Makena Surf, with two pools and spas, two sets of tennis courts, herb garden, and the feeling of privacy while in close proximity to the Makena and Wailea golf courses, restaurants, and shops.
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Vacation Condos Under $1M
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Nani Kai Hale #303
Kihei
$299K (FS)
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Beachfront 1 bedroom 2 bath condo on Maui. Nani Kai Hale is located on beautiful, pristine Sugar Beach, where one can walk for many miles in either direction. This complex has an oceanfront heated swimming pool and gas barbeques from which to enjoy whale watching or view the glorious sunsets. There is a lovely ocean view from the lanai overlooking the pool. This condo is upgraded and beautifully furnished.
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Maui Vista #2110
Kihei
$299K (FS)
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Popular turn-key vacation rental ground floor 1 bedroom / 1 bath unit located at Maui Vista. This unit features tile flooring and comes fully furnished. It has a covered lanai that leads to a grassy area and is just steps to the pool and tennis court.
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Kihei Akahi C-406
Kihei
$348.8K (FS)
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Short Sale. Pride of ownership shows in this very clean and meticulously maintained owner managed 4th floor fully furnished vacation rental unit with wonderful oceanviews. Pool, tennis court and botanical walk on property. Unit is approximately 300' to beautiful white sands of Kamaole Beach Park II.
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Residential Condos
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Villas at Kenolio 1F
Kihei
$349K (FS)
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“Best Value” for any unit at the Villa’s at Kenolio 1F. This ideally situated ground floor, 3 bedroom + 2 bathroom condominium allows for easy access with no stairs, and plenty of windows allowing for Maui’s natural sunlight.
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Iliaha at Kehalani 4C
Wailuku
$399K (FS)
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This is a great location in the Kehalani community plan just outside of Wailuku. Set on the side of the West Maui mountains. this desirable townhouse apartment boasts 3 bedrooms, and 2.5 baths of 1258 square ft of living space and 2 covered lanais. The back lanai and Master bedroom looks out to big views of the North Shore and Haleakala..
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Opukea at Lahaina B-102
Lahaina
$415K (FS)
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Short Sale. One of Lahaina's newest community with 114 units in seven buildings situated on 6.5 acres, this unit is ver clean. Comes completed with full insulation, central air, double paned sliding glass doors, two parking stalls(one covered).
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Vacant Land
156 Keoneloa Street
Waiuku
$220K (FS)
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Bank Owned. Gated Sandhills Estates lot #9 is situated among neighboring custom built homes. This large irregular shaped lot with ocean & mountain views is centrally located near Maui Memorial Hospital, Maui Lani Village Center, schools & shopping.
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