|
Market Update
Maui Real Estate was mentioned last week in this article published by Forbes. This is one article you don't want to miss. Morgan Brennan, the author of the article, asserts that luxury, second-home driven markets like Hawaii and South Florida are showing signs of a rebound.
We believe Brennan is correct (at least in regards to Maui). The numbers tell us one story, while oftentimes the mainstream media portrays an entirely different story. So who should we listen to? We try to default to the question: What do the numbers tell us? The numbers suggest incremental improvements in the market... at least on Maui.
How about you? What do the numbers tell you? We'd love to hear from you.
Have a wonderful week,
Greg, Melissa, Ken, and Jeremy
P.S. Next week we'll tell you about a new government refinancing program that's been rolled out within the past 30 days. We're sure there will be mixed feelings about this one.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for November 7th, 2011
|
|
Active |
Pending |
Sold |
Change |
|
Homes |
659 (264) |
212 (19) |
874 (114) |
-2 |
|
Condos |
1002 (170) |
207 (8) |
1145 (104) |
-4 |
|
Land |
511 (112) |
24 (7) |
131 (17) |
-8 |
|
Total |
2172 (546) |
443 (34) |
2150 (235) |
-14 |
|
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
|
75 Opalipali Place
Kula
$3.95M (FS)
|
|
Owner Financing Available. Prestigious gated Kula Meadows newly constructed estate with bicoastal views. Extensive use of koa and mango woods throughout. Palatial rooms, volumnous ceilings, all the bells and whistles one could ever dream about. Man's fantasy come true 3 car oversized garage with tons of storage, game room, wet bar and bath with ocean views and sundeck. Huge infinity edge pool and hot tub overlooking pastures and ocean views on over 5 acres of beautiful land.
|
|
255 Noho Like Way
Wailea
$4.9M (FS)
|
|
Wailea Highlands. Situated on over half an acre with over 4,000 sq. ft. of island living all on one level. This 4 bedroom 5 full and 1 half bath beauty over looks the 17th fairway on the Old Blue Wailea Golf Course. Expansive views of the Pacific and outer islands with sunsets every evening. Outdoor entertaining at its best with heated infinity pool, spa, over-sized covered lanais and lush tropical landscaping.
|
Homes Under $1M
|
145 Ohukai Road
Kihei
$209.9K (FS)
|
|
Bank Owned. 3 bd. 1 bath home, fenced yard, covered lanai. Close to beaches, shops, restaurants in simply sunny Kihei.
Customer Listing Synopsis
|
33 Moana Avenue
Kihei
$550K (FS) |
|
Bank Owned. Moana Estates single-level home. 3 bd. 2 bath in good condition and just a short walk to the beach.
Customer Listing Synopsis
|
|
85 Hakalani Place
Wailuku
$544.9K (FS)
|
|
Bank Owned. Cool and breezy up on the hillside of Wailuku. Outstanding 4 bd. 3 bath home. A must see at a great price. Gourmet style kitchen, granite counter tops, tiled kitchen/bathroom floors, to name a few. Great coastline and mountain views.
Customer Listing Synopsis
|
585 Kuikahi Drive
Wailuku
$680K (FS) |
|
Short Sale. Custom designed home with open beam ceilings, dramatic double door entry with beautiful Trottier artist etched windows on either side. Spectacular ocean and Haleakala views from the very top of Wailuku Heights on culdesac. Ultimate privacy as home backs to forest reserve. Square footage differs from county records as 420 sq ft garage was transformed into media/family room and there is a 640 sq foot Grandmother suite with own private concrete walkway, entrance and one bedroom/one bath with own washer/dryer.
Customer Listing Synopsis
|
Vacation Condo Over $1M
|
Ho'olei A-6
Wailea
$3.195M (FS)
|
|
Extremely private and special location at Ho'olei. Villa A-6 is the premier unit in the entire neighborhood. Gorgeous ocean, mountain, and golf course views. Beautifully furnished by latitudes and being sold completely "turn-key", with all furniture, electronics, and houseware items included in the purchase price. This villa has arguably the most highly sought after location in the entire neighborhood. In addition, a special arrangement has been set up for the benefit of the Ho'olei homeowners at all three championship Wailea golf courses.
|
Vacation Condos Under $1M
|
Pacific Shores A-208
Kihei
$183.7K (FS)
|
|
Bank Owned. Very nice 2 bedroom, 2 full bath unit just steps from Kamaole One Beach, restaurants and shopping. Amenities include heated tiled pool, Jacuzzi and gas bar-b-ques.
Customer Listing Synopsis
|
|
Nani Kai Hale #303
Kihei
$374.9K (FS)
|
|
Your Maui paradise at Nani Kai Hale is set in an ideal location! Awake refreshed after sleeping comfortably on your king size bed or queen size sleeper sofa listening to the waves as they roll into shore. Have breakfast on the lanai, then go for your morning walk and stroll the beach for 6 miles - to Maalaea or as far south as the Whale Foundation.
Customer Listing Synopsis
|
Kapalua Golf Villas 18P 5,6
Kapalua
$574.5K (FS) |
|
Bank Owned. Beautifully furnished and remodeled single level walkout. Overlooking Kapalua Bay Golf Courses 10th fairway. The living room, dining room and 2nd bedroom all open to a large lanai overlooking the 10th and 18th fairways with some ocean views. The Kapalua Golf Villas has 4 swimming pools, BBQ's, a rec center, shuttle service with Golf and Tennis memberships available.
Customer Listing Synopsis
|
Residential Condos
Iao Parkside 15-203
Wailuku
$139K (FS) |
|
Bank Owned. 2 bd. 1 bath clean and neat as a pin. Laminate oak flooring, freshly painted, ceiling fans, AC, and 2 car tandem parking with 4 visitors stall right in front of building.
Customer Listing Synopsis
|
|
Hoonanae at Lahaina #503
Lahaina
$339.1K (FS)
|
|
Brand new construction. This home is currently under construction and is projected for completion March of 2012. In the heart of Lahaina. Walking distance to the beach, shopping centers, and historic Front Street. Community is pet friendly. This is a single level ground floor unit with a large, private, fenced in yard.
Customer Listing Synopsis
|
Vacant Land
114 Lahaole Place
Wailuku
$579K (FS) |
|
Build the ultimate 20 acre estate at the very top of a gated subdivision. Huge ocean views of Maui’s entire North Shore! Maluhia Country Ranches is a very private and exclusive subdivision on the hills above Maui’s North Shore.
Customer Listing Synopsis
|
|
