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Market Update
Last week's tsunami has been a sobering reminder of just how precious life really is. Our prayers go out to the people in Japan who have been effected the most by this event.
On Friday, March 11th portions of South Kihei Road and the Pali Highway (connects Ma'alaea to Lahaina) were closed. Thankfully, the effects of the tsunami on Maui and throughout Hawaii were minimal.
Someone asked whether we thought this event would deter people from buying real estate on Maui. Our answer is "time will tell." Several days before the tsunami hit, Barron's published their "15 Best Places for a Second Home." Maui took the #2 spot behind Sea Island, Georgia.
In light of Barron's article, this week we've featured a handful of Makena and Wailea properties. We're happy to say that Maui's Makena/Wailea coastline is just as pristine and magical as before the tsunami.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. Lending criteria seem to be loosening as Wells Fargo announced they can now provide FHA loans to borrowers with FICO scores as low as 500. Some restrictions apply, so call or e-mail us if you'd like to find out more or get pre-qualified.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for March 14th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
810 (320) |
259 (28) |
826 (97) |
+11 |
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Condos |
1184 (233) |
258 (14) |
1163 (150) |
-17 |
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Land |
534 (124) |
29 (8) |
125 (12) |
+5 |
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Total |
2528 (677) |
546 (50) |
2104 (259) |
-1 |
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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
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40 Hale Alii Place
Wailea
$1.5499M (FS)
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Bank Owned. This opportunity does not come along very often. Large classic Wailea home with great ocean view. Motivated seller!
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Homes Under $1M
676 L. Kimo Drive
Kula
$527K (FS) |
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Bank Owned. Darling, fairly new home located close to L. Kimo & cottage set at the bottom of the driveway.
Customer Listing Synopsis
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16 Hakoi Hema Place
Kihei
$625K (FS) |
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Short Sale. Spacious custom built "Wailea style" home w/9' ceilings, crown molding, travertine flooring, and large master bed/bath featuring onyx tile, Jacuzzi tub, walk-in closet, and double shower.
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81 Laukahi Circle
Kihei
$760K (FS)
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Bank Owned. This is the home you have been waiting for, located just a few blocks from Kamalii School, 3 blocks to the beach, large corner Lot with fantastic Ocean views.
Customer Listing Synopsis
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436 Waiohono Road
Hana
$795K (FS)
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Self-Sufficient Beauty. Plantation style home located in the verdant hills above Hana’s famed Hamoa Beach. It offers stunning views of the Hana countryside and blue Pacific Ocean all the way across the channel to the Big Island. Designed with the finest of materials, this stunning home offers cathedral ceilings, hardwood floors, and a stone fireplace that blend into a light open design. Spacious lanais overlook 9 acres of tropical landscaping.
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Vacation Condos Over $1M
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Ho'olei E-6
Wailea
$2.795M (FS)
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King of the hill! Residence 99-6 is located on the top row of the Ho'olei, representing one of the highest elevations from the entire property. Situated directly across from the Four Seasons and Grand Wailea Hotel Resort and Spa, Ho'olei truly represents the best Wailea has to offer! With dramatic panoramic ocean views clear out to Molokini and Lanai, Ho'olei 99-6 boasts 3076 sq. ft. of interior footage, making it one of the largest condominiums you’ll find in the Wailea Resort.
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Wailea Beach Villas PH503
Wailea
$4.2M (FS)
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Full or 50% interests available. Upon entering the oversized mahogany wood entry door to this top floor penthouse unit, you can already see the expansive ocean views. This elite “A” floor plan features 3 bd. 3 baths with the Master bedroom upfront to command the beautiful views.
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Vacation Condos Under $1M
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Khei Bay Surf #232
Kihei
$118.9K (FS)
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This upstairs condo has a clear view of Haleakala. Conveniently located directly across the Street from the beach, complex also offers in ground pool with Jacuzzi, tennis court, and B-B-Q area. Recent upgrades; exterior paint, parking lot repair, lanai reconstruction.
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Paki Maui #109
Honokowai
$319.9K (FS)
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Bank Owned. 1 bedroom beachfront Unit, partially furnished, close to shops, dining, golf, all the best that West Maui has to offer.
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Kapalua Bay Villas 11T1
Kapalua
$575K (FS)
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Lowest priced unit in The Bay Villas. This is a must see for the buyer looking to own a desirable end unit town house floor plan with lots of open space and be able to remodel to their own specifications.
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Residential Condos
Napili Hau Village 6-103
Napili
$199.9K (FS) |
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Bank Owned. This condo in Napili has 2 bedrooms 1 bath, and a great patio area within the huge fenced yard.
Customer Listing Synopsis
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Iliahi at Kehalani 10C
Wailuka
$265K (FS)
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Bank Owned. This is a great opportunity to purchase a townhouse style condo in this newer complex perched on the hillside below Wailuku Heights with good ocean and mountain views from the upstairs bedrooms.
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Na Hale O Makena F-202
Makena
$1.595M (FS)
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Complete privacy & serenity describes this beautiful condominium that lives like a single-family residence. There is an on-site resident manager that oversees 40 condominiums on 6 acres of pristine lush landscape, located right across the street from the ocean.
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Vacant Land
2660 Kanakanui Road
Kihei
$256.5K (FS) |
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Bank Owned. Just a few minutes from the beaches and shopping of the Wailea / Makena coastline.
Customer Listing Synopsis
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