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Aloha ,
Market Update
Could home prices rise by 35%? According to Raj Dosaj, vice president of the home price index at LPS Applied Analytics, that is a distinct possibility, and it could even happen without affecting home affordability.
He did add one caveat though, and that is the assumption that interest rates remain low. From everything we've been reading, the Fed has no intention of letting interest rates rise anytime soon, so he could be right. Read more.
The Federal Housing Finance Agency report revealed a 5.5% growth from the fourth quarter of 2011 to the same quarter in 2012, and all indications are that 2013 is starting off quite strong.
Of course, only time will tell if Mr. Dosaj will be proven correct; although, we wouldn't be at all surprised if he might be too conservative in his prediction....at least for the real estate market on Maui which tends to be more volatile than most.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - More good news! Mortgage rates moved lower last week.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for March 4th , 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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504 (293)
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243 (37)
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934 (119)
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+6
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Condos
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779 (199)
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301 (24)
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1241 (96)
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-14 |
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Land
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390 (113)
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47 (8)
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173 (18)
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-5
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Total
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1683 (605)
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591 (69)
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2348 (233)
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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
361 Kualono Place
Wailea
$1.699M (FS)
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Tasteful & elegant best characterize this Wailea Pualani Owner/Builder's partial ocean view residence. The double mahogany & glass eight foot entry doors allow lots of light & a view through to the resort quality pool, spa & covered outdoor dining / family area. The gourmet chef's island style spacious kitchen, with 6 burner gas cooktop, is accented with specimen granites, elegant pendant lighting, & features professional stainless appliances. Windows abound & the rooms are light & airy.
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704 Omaopio Road
Kula
$3.495M (FS)
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Rare opportunity to purchase such a large select parcel of lower Kula land with subdivision potential. County water service installed, 2 acre coffee farm famous for smooth tasting beans (Maui Jo Coffee), Existing 1750 sf home (rental $2750 /mo), existing barn 2,418 sf with second level studio apartment (total rental $7750/month).
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 22 Ualei Place
Makena
$5.998M (FS) |
Luxurious 1 acre Makena Estate with privacy and convenience. New single level furnished residence completed in 2012 consisting of over 6,000 interior square feet including six bedrooms, two of which are masters, six full baths and two 1/2 baths, media room, office, extensive covered lanais, heated pool and spa, three-car garage, lush landscaping situated in One Palau`ea Bay gated community.
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Homes Under $1M
145 Ohukai Road
Kihei
$299.5K (FS)
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Bank Owned. Convenient location just a block from Piilani Hwy, you have easy access to roads in all directions.
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561 Ukali Street
Wailuku
$300K (FS)
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Did you ever want to wake up and stroll right out of your beach house and walk along the shoreline before you start your busy day? Here is your chance at enjoying this fun life style at a super affordable price. The main house was just upgraded in 2012 with new plumbing, electric, interior drywall, appliances and fixtures. The detached 2 bedroom cottage has its own fully fenced yard w/ separate water and electric meter.
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211 Anamuli Street
Kahului
$410.6K (FS)
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Short Sale. Enjoy the conveniences of this 2 story home located in the Maui Lani Legends which is near shopping, schools, airport, hospital, golf course, and government offices.
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2811 Palalani Street
Pukalani
$425K (FS)
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Pukalani is a wonderful setting for this 3 bedroom home in a well sought after neighborhood. Large lot offers flexibility for expansion. Upgrades include tiled flooring and lots of windows. This area has great weather and is close to Pukalani Community Center, golf course, shopping and medical.
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58 Aholo Road
Lahaina
$459.9K (FS)
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Bank Owned. Great Lahaina home with flexible floor plan in Puamana Nui. Close to the beach, dining, shopping, and more. Level lot with a fenced yard.
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50 Kaukini Loop
Wailuku
$700K (FS)
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Unreal ocean views from this beautiful house and cottage on over 2 private acres in Maluhia Country Ranch Estates. The flowing floor plan of the single story home offers 2 master suites, gourmet kitchen and a large living-dining area opening to the beautiful front lanai. This home is a very special U-shape design with a large courtyard facing the gardens in the back of the home.
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Vacation Condos Over $1M
Polo Beach #108
Wailea
$1.595M (FS)
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Polo Beach Club 108 enjoys a private ground floor location - steps to one of Wailea/Makena's favorite beaches. The quiet north lawn fronts the lanai and overlooks the ocean and views of Lanai. Ocean views from the living area, kitchen and lanai are expansive and breathtaking. This unit is nicely furnished and has an excellent vacation rental history.
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Vacation Condos Under $1M
Kamaole Sands 4-202
Kihei
$349.9K (FS)
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This is the one you have been waiting for. Spacious and comfortable one bedroom, two baths, large lanai with ocean view, tile through-out, upgraded kitchen. Nice furniture package and the right price make this a unit you would want to own. Kamaole Sands boast 15 acres of lush tropical landscaping, pool, BBQ's, work-out room, tennis courts and security.
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Kuleana #512
Honokowai
$365K (FS)
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This beachfront resort property located between Kaanapali and Kapalua is a taste of old Hawaii. Lush tropical gardens with ocean and outer island views enhance this one bedroom one bath unit. Amenities include heated pool, tennis court, oceanfront BBQ area and an upgraded lobby area complete with lending library.
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Pacific Shores A-402
Kihei
$450K (FS)
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Rare three bedroom three bath unit with ocean and Haleakala views. Must see the view to appreciate. Very well cared for unit with tile floors in kitchen, living and dining area. Carpets in bedrooms. Two deeded parking stalls. Centrally located across from Charley Young Beach and close to shops and restaurants.
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Residential Condos
Lanai City Apartments B101
Lanai
$95K (FS)
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Unique opportunity to buy on the wonderful island of Lana'i. This new developer offering of 24 fee simple condominium units, nestled in the quiet community of Lana'i City, offers affordable studio and 1 Bedroom units, ranging in interior size from 405 sf to 547 sf. The exterior of the buildings will be newly painted and each unit comes with 1 assigned parking stall.
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Kamoa Views #306
Kihei
$230K (FS)
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Lovely executive condo just a short walk to sparkling white sandy South Maui top rated beach. Short walk to surf at Cove Park and Kalama Bowls. Bright, light, airy condo, all set to go. Beautiful, newer kitchen and large, spacious bath room.
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Na Hale O Makena B-301
Makena
$1.9M (FS)
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Gorgeously appointed 3 bedroom 2.5 bath residence, I say residence although it is a condominium, because the property offers 3 bedrooms 2.5 baths of luxurious living with a large spacious feel. From the moment you enter through the solid core ohia wood doors you feel the quality of the life style that this residence offers. Designer furnishings provide a cool sophisticated feel that enhances the Italian designed Snaidero kitchen cabinetry.
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Makena Place #10
Makena
$10.661M (FS)
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Magnificent oceanfront home in an exclusive gated community. As you enter through the grand entrance of this home, you are instantly amazed with the spectacular ocean views and gentle sounds of the surf. This two story four bedroom home offers spacious living with an unmatched tropical oceanfront experience. This corner end lot home offers not only privacy but also very close proximity to the ocean. Private ocean access to launch your ocean kayak, surfboard or stand up paddle board.
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Vacant Land
1050 Anapuni Place
Ka'anapali
$425K (FS)
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Bank Owned. Gated community along the slopes of West Maui's mountain with ocean and mountain views. Lanikeha offers many amenities that are just as breathtaking as its surrounding, such as: a private club house, welcoming lounge, game room, infinity pool and much more.
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