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Aloha ,
Market Update
During the past month, mortgage rates have moved quite a bit higher off their historic lows in the low 3% range. Read about rising mortgage rates.
Before you hit the panic button and think that you must buy quickly before they rise even higher, take a deep breath. The housing market has been the spark that has brought the economy out of recession, and the Fed is not about to kill the goose that laid the golden egg.
In fact, today, treasury prices had a nice move upwards which translates in to lower mortgage prices, so perhaps we've seen a temporary short term high in rates and they will trend back down again.
In any event, there are other good reasons to buy sooner rather than later besides taking advantage of historically low interest rates. Home prices have been moving higher, and most predictions favor a continuation of the upward price movement we've been seeing for the last 12 months.
If you are ready to buy now, please give us a call or drop us an email, and we'll be happy to help you.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team
P.S. If you happen to live on Maui, and would like to help Ken celebrate his 70th birthday, please stop by Baldwin Beach next Sunday between 12 and 6 P.M. RSVP.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for June 17th , 2013
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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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455 (260)
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269 (36)
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970 (138)
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-3
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Condos
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632 (169)
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291 (20)
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1256 (121)
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-6 |
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Land
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359 (104)
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53 (4)
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191 (27)
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-4
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Total
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1446 (533)
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613 (50)
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2417 (286)
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-13
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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
3387 E Lani Ikena Way
Wailea
$1.698M (FS)
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Exceptional private setting with unobstructed ocean views in Wailea Pualani. A very unique and meticulously maintained Wailea resort residence. Great ocean views from living room, dining area, kitchen, master bedroom and lanais! This gem features 3 separate bedrooms, 3 full baths plus 1/2 guest bathroom, office and spacious family room leading to pool, spa and entertaining area through the french doors.
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162 Ho'opalua Drive
Kula
$1.86M (FS)
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An exceptional family estate, originally built in 1981 updated in 2003 & 2012. Designed for single level living and entertaining, the main house is over 4000 sq. ft. The truly spacious ohana built in 2005 is perfect for your extended family or generating rental income. The property is filled with several varieties of citrus trees, mango, macnut, papaya and bananas. Kula 200 is situated in one of the island's most convenient locals - close to Maui's best schools and the principal work centers of Kahului and Wailuku.
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25 Kaiholo Place
Kuau
$1.998M (FS)
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Unique opportunity to own a hotel/resort zoned property on Maui's North Shore, walking distance to Kuau Bay beach and Mamas Fish House, #1 beach front restaurant on Maui. Very versatile property sold fully furnished, currently run as a "hotel vacation rental" known as Kaiholo Hale (listed on global travel sites).
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233 Crestview Road
Kapalua
$3.85M (FS)
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Bank Owned. Nestled on the slopes of Kapalua overlooking the blue Pacific, within the prestigious community of Pineapple Hill Estates, 233 Crestview welcomes you to enjoy island living at its finest. 4,390 square feet of inviting living space provide ample room to host large events or intimate gatherings while watching idyllic Maui sunsets from the sheltered lanai. Virtual Tour.
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Homes Under $1M
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271 Momi Place
Wailuku
$299K (FS)
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Short Sale. Very old dwelling with much needed repairs. House has attached ohana which is 1 bedroom, 1 bath along with a nice covered lanai area that is in very good condition.
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150 Ulana Street
Makawao
$649K (FS)
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Cute, charming home and cottage plus extra storage / recreation room or office building, all on a level fully usable 1/2 acre. All permitted = lots of room to garden. The main home is two stories with an upgraded kitchen featuring granite counters, bamboo floors and wood cabinets. Kitchen and living area have that "great room" appeal which then transitions out to the large covered lanai.
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144 Alalani Street
Pukalani
$725K (FS)
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Great ocean view home on large lot in terrific location with easy access to shopping and transportation. The main home is beautifully maintained and updated nicely. Upstairs is the master suite with breathtaking views, downstairs has a nice family room and additional bedrooms and more ocean views. The ohana is quietly tucked at the bottom of the lot to afford both homeowner and tenant privacy.
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96 Hakalani Place
Wailuku
$769K (FS)
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This is the perfect family home with 5 bedrooms, 4 bathrooms and so much more. High ceilings and romantic arches throughout, beautiful large windows in every room to catch Wailuku’s breezes, a great kitchen/dining space, lovely bathroom finishes, numerous generous closets, fabulous master suite. Located in Maunaleo, one of Wailuku’s finest neighborhoods, this gracious residence has a charming covered side porte cochere entry and elegant front foyer, spacious back yard, central air conditioning and a second master suite.
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140 Waikoloa Road
Hana
$975K (FS)
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Inhale, exhale, relax and let life slow down. Welcome to beachfront living on Hana Bay. Customize this casual beachfront home to your tastes and enjoy Hana’s natural beauty. Fishing and surfing are available right out your front yard. With access to Hana town, Hana pier, Travaasa, Wainapanapa state park and Hamoa Beach just minutes away, you can take your time exploring and enjoying all that Hana has to offer. There is a restored fish pond next door and a registered Heiau on the property that is believed to be an old fishing shrine.
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Vacation Condos Over $1M
Wailea Beach Villas PH203
Wailea
$2.685M (FS)
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Rare 3 bedroom 3 bath vacation condo on the quiet side of the Wailea Beach Villas. Best views on the second floor. Exquisite furnishings. Many upgrades.
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Vacation Condos Under $1M
Paki Maui #214
Honokowai
$260K (FS)
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Popular 1 Bedroom condo in Paki Maui in excellent condition with all brand new appliances. Terrific garden setting is a must see and the beach is just a short walk.
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Sugar Beach Resort #434
Kihei
$415K (FS)
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Lovely ocean front one bedroom, one bath condo with central A/C. Upgraded cabinets, tile in kitchen and bathroom, Berber carpet in living room and bedroom. Amenities include heated pool, Sauna, Jacuzzi, putting course, gas BBQ grills, onsite Activity center and sandwich shop.
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Papakea Resort A-405
Honokowai
$999K (FS)
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Oceanfront 3 bedroom 3 bath fee simple condo. Priced to sell.
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Residential Condos
Southpointe 30-106
Kihei
$199K (FS)
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Clean, ground floor condo at Southpointe in quiet location off road. Tiled throughout, dishwasher and upgraded fans plus two side-by-side parking spaces.
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Ma'alaea Mermaid #208
Ma'alaea
$230K (FS)
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Ocean & Haleakala views from living room and master suite. Wake up to the sound of the surf. Ocean and Molokini views 1 bedroom 1 bath with 2 balconies. Walking distance to restaurants, shopping, bus stop, entertainment, Maui Ocean Center, miniature golf, and miles of sandy beaches.
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Haleakala Gardens 15E
Kihei
$280K (FS)
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Freshly remodeled top floor unit featuring tall cathedral ceilings. Brand new gourmet kitchen with custom cabinets, granite counter tops and new appliances. Stay cool with the three new air conditioners. Nice flow with its open, pass through window/bar from the kitchen to the living room.
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Vacant Land
145 Hololani Street
Pukalani
$250K (FS)
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Build your dream house!! Fabulous corner lot in the middle of Pukalani. Walking distance to Pukalani Elementary School, Community Center with swimming pool and Shopping Center.
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