 |
|||
| Issue 386 | July 27th, 2010 |
||
| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Beachfront Estate
|
Market UpdateAccording to Realty Trac, 31% of all sales in the first quarter nationally were from Foreclosures. Read more.
The good news for Maui is that we are well below the National Average. In the first quarter, there were 87 REO sales out of a total of 509, which is equal to 17%. In the second quarter, there were 96 out total of 697 or 14%.
We suspect both the number and percentage of sales from REO’s to jump dramatically on Maui over the next 12 months.
This may be bad news for Sellers, but it is good news for those who are looking to buy. Please let us know if you would like to take advantage of the Buyer’s market.
When you add super low interest rates to the equation, it makes it an ideal time to purchase Maui real estate. Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. We have created a Facebook Fan Page for “Maui Real Estate – The Smith Team”. We would love any comments or suggestions on how to improve either our Newsletter or our new Facebook page.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
|
Market Watch for July 26th 2010
| Active | Pending | Sold | Change | |
|---|---|---|---|---|
| Homes | 865 (339) | 222 (29) | 823 (106) | +2 |
| Condos | 1298 (242) | 288 (6) | 1070 (162 | +19 |
| Land | 597 (178) | 26 (8) | 133 (16) | -4 |
| Total | 2760 (759) | 536 (43) | 2026 (284) | +17 |
|
1. The numbers in parentheses reflect the number of listings over $1M |
|
|
Large Launiupoko residence with even larger views. Spectacular panorama of the islands of Lanai and Molokai. This 5 bedroom, 6 bath residence is situated on 2+ acres of land. |
|
|
|
Enjoy the best of Maui living in this custom home located in The Summit at Ka'anapali. The Summit is a gated community that has access to the world's best beaches. |
|
|
|
Outstanding opportunity for this 18+ acre agricultural zoned property. Possibilities include single family compound, spiritual retreat, plus property has an organic farm certificate. |
 1088 S Kihei Road Kihei $350K (FS) |
Short Sale. Large flag lot offers convenience in Central Kihei. Great property with rental income. Remodeled, wood floors, travertine bath, french doors etc.
|
|
|
|
Great value for this 3 bedroom / 2.5 bath single level home in the new subdivision, The Cottages at Kehalani. This home features granite kitchen countertops, marble bath countertops, GE appliances, and custom window blinds. |
|
 2635 Liololo Place Kihei $599K (FS) |
Wonderful South Kihei location in Keonekai Heights this great home is tucked away in a tranquil cul-de-sac with a 2-story main house which includes 4 bedrooms and 3 baths. The home boasts an open floor plan and the property includes 1BR/1BA cottage.
|
|
|
|
Short Sale. Over half an acre property located in Pukalani. Current rental income is over $6,000 per month. All current tenants prefer to stay on property. Property consists of a main house and a separate cottage, both with ocean views. |
Puamana 226-2
Lahaina $1.975M (FS) |
The best of Maui's 0ceanfront offerings - elegance and quality throughout. This Puamana showpiece property features extensive granite finishes rarely seen in Hawaii, exotic hard wood accents and a charming tropical decor. |
|
|
Bank Owned. Ocean and mountain views can be enjoyed from this unit. Located within walking distance from white sand beaches, shopping, dining and public parks.
|
|
|
|
Amazing value for this 1 bedroom / 2 bath garden view unit at Maui Banyan. Highly sought after vacation rental across the street from Kamaole II Beach. Maui Banyan features 2 pools, BBQ area, tennis court, security, and covered parking.
|
|
|
|
|
Top quality and incredible value on this breathtaking top floor unit. Granite, tile, drop ceiling with recessed lighting, custom bamboo finishes, air conditioning, custom bathroom with floor to ceiling glass shower enclosure, stainless steel appliances, Subzero, and more. Ocean views, too. |
 Puuone Towers #514 Wailuku $129.9K (FS) |
Bank Owned. This 2 bedroom / 1.5 bath unit is centrally located close to restaurants and business offices in Wailuku. Complex has an on-site manager, pool, BBQ area, covered parking, and a secure entryway. Unit is in original condition. |
|
|
|
Short Sale. This 2 bed/2 bth unit is clean, has some ugrades and shows really well. 1 assigned parking stall, 1 open, upgraded light fixtures and located in South Kihei make this short sale awesome deal. |
|
 Cottages at Kulamalu #22 Pukalani $381K (FS) |
The Cottages at Kulamalu - 3 Bedroom, 3 Bath plus den. This Pueo Model is one of the paired condominium new homes in a beautiful Upcountry community built by D.R.Horton-Schuler Homes. Central AC, kitchen cabinet upgrade,solar attic fan. |
|
 Kai Malu 13A Wailea $1.1M (FS) |
Short Sale. This gorgeous unit offers marble floors, hardwood floor in 1st floor bedroom, cherry cabinets, granite countertops, stainless steel appliances, upgraded lighting and ceiling fans, plantation shutters throughout, private pool, extended lanai with marble flooring and security system.
|
 0 L. Kimo Drive Kula $350K (FS) |
Over 1 acre of rural zoned land abutting hundreds of acres of Haleakala Ranch land. Expansive pastoral down-country views. |
|
|
|