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Market Update
According to Mortgage News Daily, mortgage rates are at an all-time low for the third consecutive day in a row. See article.
Today’s Rates
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30 year fixed mortgage |
3.65 % |
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15 year fixed mortgage |
2.93 % |
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FHA 30 year fixed |
3.54 % |
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Jumbo 30 year fixed |
4.05 % |
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5/1 year ARM |
2.98 % |
*Provided by Mortgage News Daily
With low interest rates and low housing prices, it is a great time to buy real estate on Maui. Fannie Mae’s June 2012 National Housing Survey showed that 73 % of those surveyed feel that is a good time to buy right now.
"While consumers remain cautious about the general economy, their attitudes toward the housing market continue to improve," said Doug Duncan, senior vice president and chief economist of Fannie Mae. "Although this positive trend may be short-lived if the general economy falters, one might ask whether consumers are increasingly seeing the current environment as a unique opportunity to buy a home while home prices remain depressed, rental costs are increasing, and interest rates are near historic lows." See article.
Let us know if you are interested in taking advantage of the record low interest rates and would like a lender recommendation on Maui.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. – July 12th is the last day to register to vote for the Primary Election. Visit
for a voter registration form.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for July 9th, 2012
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Active |
Pending |
Sold |
Change |
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Homes |
537 (238) |
247 (23) |
894 (122) |
+9 |
|
Condos |
814 (165) |
212 (9) |
1177 (74) |
+7 |
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Land |
432 (103) |
31 (3) |
143 (18) |
-4 |
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Total |
1783 (506) |
490 (35) |
2214 (214) |
+12 |
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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
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361 Pualoa Nani Place
Wailea
$1.15M (FS)
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Drive down the private gracious palm -tree- lined driveway to this lovely three-bedroom, three -and- a- half-bath home. Two of the bedrooms are downstairs and the whole upstairs is the Master Suite including your own private deck. That's where the ocean view is. Enjoy your morning coffee there & end the day watching the sunset afterglow.
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320 Kainoe Street
Ka'anapali
$1.798M (FS) |
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Spread across 4,412 sq. ft. of living area, this family compound is spacious, gracious and inviting for all. The 2-story estate offers 5 bd. 4.5 baths. Natural lighting from large windows, smooth architectural lines throughout and a centrally located pool and spa are some of the design characteristics that define this property’s indoor/outdoor atmosphere. The centralize kitchen area and 2nd floor landing family room area reinforces the communal living.
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Homes Under $1M
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891 Hoomau Street
Wailuku
$269.9K (FS)
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Fantastic value in Central Maui. This 3 bedroom 2 bath home has an open living area and is tiled throughout, with a large 2 car garage and multiple areas of storage.
Customer Listing Synopsis
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580 Ukali Street
Wailuku
$475K (FS)
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Bank Owned. Architecturally designed and tastefully appointed home with high ceilings, open floor plan, extra large dining/kitchen with breakfast bar counter, vinyl windows, laminate flooring and decking to enjoy the ocean & mountain views. Attached 1 bedroom 1 bath ohana has a separate entry, driveway and laundry room.
Customer Listing Synopsis
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1011 Upper Ulumalu Road
Haiku
$895K (FS)
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Comfortable is the best way to describe this property. It is wide open and airy with lots of natural light from every room, taking advantage of bringing the fabulous natural surroundings and views inside the home. Every inch of the home and property speaks " pride of ownership " with a spotlessly clean home and manicured palm and ornamental orchard covering over 4 acres.
Customer Listing Synopsis
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31 Iliahi Way
Launiupoko
$925K (FS) |
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Two great Launiupoko opportunities at one great price. Fully condominiumized 2 acre property with existing 2 BD/2BA cottage on one acre with room for a new full residence on a second acre. Very private, very quiet with outstanding ocean/island/sunset views.
Customer Listing Synopsis
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500 Aulii Drive
Pukalani
$999K (FS) |
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Short Sale. Hidden Gem in the desirable Kula 200 neighborhood. Private tri-level home sits at the top of Auli’i on 3.8 acres of gentle rolling hills and beautiful large trees. The private 2nd entrance from Hoopalua Drive gives you access to the upper portion of the parcel where you can build the accessory dwelling permitted for this AG zoned lot.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Ho'olei 17-1
Wailea
$2.599M (FS)
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Hoolei is the recently built world class resort property in the heart of Wailea. Luxurious ocean view 3 bd. / 3.5 baths en-suite, two story 3,076 sq. ft. interior / 4,000 sq. ft. overall town-home.
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Vacation Condos Under $1M
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Grand Champions #132
Wailea
$299K (FS)
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Short Sale. Great income potential & nice ocean views in this 1 bedroom, 2 bath condo at Grand Champions Villas.
Customer Listing Synopsis
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Valley Isle Resort #103
Kahana
$450K (FS)
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Nice ground floor location with lovely garden view setting and some ocean view. Walk right out to the beach. Beautifully upgraded with granite counter tops, slate flooring, large tiled showers. Lots of parking and conveniently located near the Kahana Gateway center with the Black Angus Restaurant and Maui Brewing Company.
Customer Listing Synopsis
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Residential Condos
Iliahai at Kehalani 23C
Wailuku
$239.9K (FS) |
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Bank Owned. Large townhouse at the top of Iliahi at Kehalani with vaulted ceiling and open floor plan. Pergo style flooring throughout. Peek-a-boo ocean views from covered lanai on first floor & master bedroom on upper floor.
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Hale Kanani 1-105
Kihei
$299.9K (FS) |
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Bank Owned. Easy care, ground floor two bedroom unit with grassy area off lanai, and BBQ & pool off your front door. Very convenient. Granite counter tops.
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Wailea Point #2003
Wailea
$1.595M (FS) |
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Fantastic value located in Wailea’s sought after exclusive community with direct access to the Wailea promenade & beaches. This lovely single level ocean view villa has been adorned by luxury furniture throughout. The master suite enjoys his and hers bathrooms. The second bedroom has the ability to be a private suite as well. There is a rare private garage strictly available for this villa's owners car and storage.
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Vacant Land
0 Kukia Place
Kula
$249K (FS) |
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Fabulous 1/2 Acre ocean view lot in Kula, with arguably the best weather in the world. Located at the end of a private cul de sac just below the Kula Lodge, you will enjoy the ambiance, peace and beauty of upcountry Maui.
Customer Listing Synopsis
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