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| Issue 368 | March 23rd, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Luxury Wailea Golf Course Home
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Market Update
Did you go through a foreclosure recently? You may have thought it was over, but now we hear that "Years After Loan Default, Homeowners May Still Owe. Read more.
There is a little over one month left to take advantage of the Tax Credit. Read more. This link also gives statistical information about our real estate market.
So you say that you don't like Short Sales. Well, you had better get used to them, because banks are being incentivized to do either loan modifications or allow sellers to to do short sales. It is much less costly than the foreclosure process.
We have a good record on closing Short Sales, so it is nothing to be afraid of. We will be more than happy to explain the process to you, and why we think these are great opportunities.
In fact, here is a great deal for a home in Wailuku that just fell out Escrow. It has been approved for $435K. Read more.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. Median prices in California were reported to be up 11.2%. Can Maui be far behind? We are experiencing brisk sales in almost all categories, but especially the very low end and high end of the market. P.S.S. Missing Maui? Experience some of what Island life is all about by cooking up some delicious Mahi Mahi with Mango Salsa. Here is the recipe.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for March 22nd, 2010
| Active | Pending | Sold | Change | |
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| Homes | 903 (386) | 241 (34) | 738 (95) | -1 |
| Condos | 1356 (247) | 300 (19) | 818 (117) | -11 |
| Land | 547 (151) | 43 (8) | 119 (28) | -3 |
| Total | 2806 (784) | 544 (61) | 1675 (240) | -15 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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At The Top of the Hill in Keokea, some days it feels like you can “See Forever”. Views of the West Maui Mountains, the Wailea coastline and outer islands and dramatic sunsets are just the beginning of the magnificent See Forever Estate. The home, created by a New York film director, is part Manhattan loft, part Hampton’s getaway and part Hawaiian estate. Virtual Tour |
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A contemporary designed residence with a breezeway to a detached guest suite w/ living room, guest bedroom & full bath, plus a detached one bd. ohana. Across the lushly landscaped interior courtyard, on the ocean's edge, you find the spacious ground-floor main living room with disappearing glass walls, a contemporary sky-lighted kitchen, ocean-side dining room, a den / bedroom & full bath, & a fully screened ocean front lanai. |
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Absolutely amazing estate nestled in the hills of Ulupalakua, renowned for the climate and vistas. The views are astounding in every direction. The estate is on over eight acres, overlooking Makena and Pu’u Olai. The home was custom built with incredible attention to detail and quality. Many of the products were hand picked in Italy, including plumbing fixtures, light fixtures, gates, railings, and doors. The property has its own well and commercial generator. |
 170 Kukula Place Kihei $218.9K (FS) |
Bank Owned home in Central Kihei. Close to the beach, shopping, and restaurants.
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 75 Ehu Road Olinda $399K (FS) |
Quiet pastoral setting with nearly new plantation style home situated on 1 acre of land in the desirable lower Olinda / Piiholo area. Only 5 minutes from Makawao Town, this property is steps away from hiking and biking trails in the Makawao Forest Reserve. Expansive 900 sq. ft. screened in lanai offers ample opportunity for those who enjoy indoor / outdoor living.
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Are you looking for the best deal at "The Greens at Maui Lani". Single story living at its best. This is one of the largest homes on the market in the area and at a price that cannot be beat! The new homeowners will enjoy cooking in their spacious kitchen. The home has an open feeling to it yet gives everybody their own space. |
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Nice home on a cul de sac up in Ka'anapali Hillside! Detached 2 car garage, in ground pool, tile flooring, large master bathroom, large living area downstairs. |
Polo Beach Club #109
Wailea $2.195M (FS) |
The Wailea lifestyle at its absolute best on one of the worlds best beaches. Very "user friendly" ground floor unit with best floor plan. Just steps to the beach and pool with immediate access to a large side yard and garden off of both lanais. |
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Bank Owned. 2 bedroom 2 bath. Great opportunity for first time buyer or investor. Property needs very little work.
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This 3rd floor location is clean, nicely furnished, and currently in a successful vacation rental operation, Ocean front locations like this have strong demand for rental request and Higher year around occupancy average . F-302 offers privacy and special views of Molokai, Lanai, and our beautiful Maui sunsets. |
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 Ka'anapali Shores #820 Ka'anapali $410K (FS) |
Short Sale. Great ooportunity to invest at Ka'anapali Shores. Fantastic ocean views from living room , lanai and bedroom.
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 Kapalua Golf Villas 15T3,4 Kapalua $495K (FS) |
Golf course frontage on street level for easy access. This is a very nice unit with large lanai across the living area and bedroom area. Pools are close to unit and easy walking to Pineapple Grill restaurant.
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 Kihei Villages 28-201 Kihei $134.9K (FS) |
Bank Owned. Hurry this one will go fast. Nice second floor unit very clean. Water service upgrade completed including new valves, hot and cold pipes. |
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 Ma'alaea Mermaid #301 Ma'alaea $185.9K (FS) |
Bank Owned. Great opportunity for first time buyer or investor. Turn key ready to move in. |
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Bank Owned. Nice well maintained unit in upscale central Kihei condo complex that has many amenities including pool, gym, landscaping. Walking distance to beach. |
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