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| Issue 408 | December 28th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Short Sale Opportunity
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Tourism is the economic engine of Maui's economy, so it is was welcome news to read that Hotel occupancy on Maui was up again rather sharply last month. We still have a ways to go, but we appear to be on the right track. Read more. We know that many people have shied away from Short Sales, because of the uncertainty and lengthy process to get bank approval. Times are changing, though, and we are getting more short sales approved in shorter time frames. No longer should you have to wait 6 months to get approval from the Bank. The featured property listing on Baby Beach in Lahaina would be an excellent opportunity for someone who is looking for a great deal on beachfront property. These homes are side by side, so make an offer on one or both. You might end up getting both homes for the price that just one home was worth a few years ago. Wishing everyone a very Happy New Year. Mahalo Nui Loa, The Smith Team P.S. Time to make your goals for 2011. If one of your goals is to buy property on Maui, please let us help you realize that goal.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for December 27th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 851 (335) | 232 (27) | 813 (92) | -1 |
| Condos | 1276 (230) | 244 (14) | 1151 (163) | +1 |
| Land | 595 (152) | 29 (5) | 126 (16) | +2 |
| Total | 2722 (617) | 495 (46) | 2090 (261) | +2 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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 216 Kahiko Street Paia $344K (FS) |
Bank Owned. This home needs some TLC but it is priced to sell. Property backs into acreage giving you space in back where you probable will not have someone building. Home is located only 1300 feet from the ocean, this is a great location and perfect place to raise your family. Home has 5 bedrooms and 1 bath and is just waiting for someone to turn this house into a home. |
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 137 Poniu Circle Wailuku $388K (FS) |
Bank Owned. Great opportunity to own a spacious 4 bedroom / 3 bath home in Wailuku at Kaimana, located in a wonderful spot with a fully fenced in yard. Private setting with easy access in town. |
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90 Malapua Place
Kula
$750K (FS) |
Beautiful 3-bedroom, 2.5-bath home with large covered decks in a favorite Kula neighborhood. Enjoy looking over the green belt to the ocean, sunset and West Maui views. The floor plan is great with the master suite on the main living level and the other 2 bedrooms, 1 bath and a family room downstairs. |
Puamana 19-1
Lahaina
$3.295M (FS) |
This amazing island resort residence enjoys one of Lahaina’s best oceanfront locations ideally centered between Puamana's golden sand beach and the oceanfront pool. Full length sliding glass doors expand the living room out to the lanai creating a fabulous oceanfront living area just 40 feet from the water. 3 fully furnished bedrooms with baths downstairs provide room for your family and friends while the second story master suite upstairs offers an amazing oceanfront bedroom, work out area and full sized office. |
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Bank Owned. This 1 bedroom condo is located at the top of this resort complex and close to one of the 3 pools. Walking distance to the ocean. The kitchen was recently redone. Freshly painted, new carpet and new kitchen appliances.
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Bank Owned. This fabulous Kapalua Bay Villa condo offers an Ocean and Sunset view. It is a ground floor, corner, townhome unit with an upgraded kitchen & two baths. Granite counters with tiled floors throughout.
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Unique offering at Hotel Hana Maui’s Waikoloa Residences, located on the beautifully landscaped grounds of the hotel adjacent to the Honua Spa, pool and pitch & putt 3 hole golf course. This spacious townhouse is beautifully appointed with elegant wood cabinets, wood floors, vaulted living room ceilings and contemporary island style furnishings.
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 Maui Lani Terrace G307 Honokowai $149K (FS) |
Bank Owned. Maui Lani Terraces Condominium amenities include a swimming pool and a great location near beaches(not far from Ka'anapali Beach Resort), shopping, and restaurants. Unit G307 is situated at the back of the complex, with slightly higher elevation, so this upgraded 1-bedroom condo captures the ocean view.
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Bank Owned. This 1st floor Leinani Apartment features 2-bedrooms, large open kitchen, and a great location near beaches, restaurants, and shopping. Leinani Apartments is small, well maintained condominium with approximately 32 units, mostly 1-bedroom. Unit #109 is rare in that the complex only has six 2-bedroom units.
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