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| Issue 336 | August 11th, 2009 |
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| Aloha ,
In this newsletter:
New Feature
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Kapalua Luxury Home
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Market Update
During recent Newsletters, we have chronicled the recovery in the residential real estate markets throughout the U.S.
Since October 2007, commercial property values have dropped 35%. Many of these loans have balloon payments coming due within the next year.
Unless guidelines are relaxed signficantly, many of these loans may go in to default.
Will this be the next shoe to drop? Read more.
Mahalo Nui Loa,
The Smith Team P.S. If your looking for the ultimate beachfront estate on Maui, and have the ability to pay up to $38 million, please contact us for more details about unlisted property.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for August 10th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 1001 (408) | 144 (14) | 676 (102) | -15 |
| Condos | 1529 (288) | 146 (6) | 669 (160) | +7 |
| Land | 594 (182) | 33 (13) | 82 (29) | 0 |
| Total | 3124 (878) | 323 (33) | 1317 (291) | -8 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Live the Spreckelsville Lifestyle on Maui. Walk to Maui Country Club, Baby Beach, and Sugar Cove. This beautiful and immaculate 3 bd. 3.5 bath Fred Loesberg designed home is in move in condition. Features include hardwood floors, a chef's kitchen with a large island, gas cooktop, granite counters and stainless steel appliances. The master suite has a beautiful bathroom with walk through closet. |
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Bank Owned. Right in the heart of Lahaina town. Walk to all the shopping, eating, and ocean activities for your enjoyment. |
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 1361 Kilou Street Wailuku $509.9K (FS) |
Bank Owned. Surfer or Ocean lover's Dream house with 180 degree views of the surf and the N Shore of Maui in the distance. This home takes full advantage of the view with a fabulous great room and kitchen upstairs. Great for whale watching in winter and year round incredible sunrises. 3 bd. 2 full baths up and 2 bd. 1 full bath down with Lv.Rm./ Wet bar that would be perfect for extended family with separate entrances.
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Big house & cottage in Makawao. Main home is two story with 6 bedrooms & 5 baths. Ideal for big family. Fairly new kitchen cabinets, large master bedroom with walk-in closet, Jacuzzi tub & double vanity sink. Detached 2 bedroom 1 bath cottage is a great rental for help with mortgage payments. |
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 10 Tulip Place Kahana $719.9K (FS) |
Bank Owned. Here's the deal you were waiting for. Great price for this neighborhood. Ocean views from the front of the house, and ocean views from the back of the house. Nice floor plan, walk in closet off the master bedroom. Located at the end of a cul-de-sac. Catches the trade winds just perfectly.
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 3185 Hoomua Drive Kihei $988K (FS) |
Great value. Superb condition. House, ohana & Pool with outstanding ocean views. Set up as a 3 bd. 2 bath 1,255 sq. ft. with a permitted 500 sq. ft. addition. & 700 sq. ft. detached ohana 2 bd. 1 bath.
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Ho'olei S-1
Wailea $1.695M (FS) |
Sit back and relax in this spacious 3 bedroom, 3.5 bath beautiful Wailea condominium. Ho’olei S-1 is literally the closest unit to both the pool area and is walking distance from the Grand Wailea Resort. The Ho’olei community represents a unique fusion of tropical beauty and island lifestyle unparalleled in South Maui. |
 Aina Nalu A108 Lahaina $325K (FS) |
This unit features over $40K of upgrades and furnishings to be included in the sale. It is in better than new condition and includes large flat screen televisions in the living room and both bedrooms. Fully furnished and ready to move in.
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 Maui Banyan Q104 Kihei $379K (FS) |
Short Sale. 2 bedroom 2 bath unit with 900 sq. ft. of living area. |
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 Menehune Shores #304 Kihei $459K (FS) |
Now priced at 38K less than the next lowest priced unit in this complex. Enjoy oceanfront living in this recently remodeled single level 2 bd. 2 bath unit. New tile throughout, both bathrooms have new vanities and newly tiled shower and bath. Own in one of Kihei's most popular vacation rental condos.
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 Grand Champions #78 Wailea $650K (FS) |
Come enjoy magnificent ocean and fairway views from this top floor tastefully furnished unit. The main living area boasts expansive high beam ceilings that add to the wonderful flow of air blowing in off the shores of Maui. Gaze at sunsets across the expanse of the 7th fairway or sight an occasional deer scampering up the lawn in the early hours of the morning.
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 Polynesian Shores #204 Kahana $739K (FS) |
Stunning remodeled unit. African mahogany wrapped beams with accent bamboo ceilings. Brazilian cherry wood cabinets with inlaid bamboo through out, further enhance this spectacular interior, stainless steel appliances, and granite slab counters complete the kitchen. Fantastic ocean views.
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 Palms at Wailea #501 Wailea $899K (FS) |
This ground floor "B" model offers a wonderful garden setting and has been recently renovated with new stainless-steel appliances, kitchen cabinetry, tile floors in hall, kitchen and baths. Complete designer furniture package is included. This is a rare find and great renal unit with 9ft. ceilings and wheelchair accessibility.
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 Southpointe 2-204 Kihei $145.2K (FS) |
Bank Owned. Upstairs unit in great location in the complex. Clean 2 bd. 2 bath. Seller will pay up to 3% towards buyer's closing costs or repairs. |
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 Villas at Kehalani #104 Wailuku $599K (FS) |
The Villas at Kehalani is a 17-acre community of 103 luxury town homes in 30 buildings located in the Master-Planned community of Kehalani. These elegant homes will feature stucco siding and tile roofs and include a 2 car enclosed garage. Many units will have spectacular ocean views which can be enjoyed from your private covered lanai. |
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 Wailea Faiway Villas Q-103 Kihei $875K (FS) |
Bank Owned priced to sell quickly. Exceptional 3 bedroom 3 bath unit with den. Sweeping ocean and golf course views. Check out the interior pics. |
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 Kai Malu 21B Wailea $879K (FS) |
Not your typical Short Sale. File is open with a Bank of America short sale negotiator who has indicated they would approve $879K. This gorgeous Lewa floor plan includes granite countertops, cherry wood cabinetry, stainless steel appliances, central air conditioning, an extended tiled lanai, and much more. |
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