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Aloha ,
Market Update
As we have reported recently, the real estate market has cooled off a bit lately. There is more inventory and somewhat fewer buyers.
In fact, in some condo complexes, prices have dropped 10% over the last 6 months. Of course, what do you expect? Prices had gone up by as much as 150% over the previous 2 to 3 years, so some retrenchment was inevitable. Prices don’t go up forever in a straight line.
I have heard some Buyers say that prices are going down and they are going to wait. Honestly, I don’t think that is a good idea. Now is the best time to act, when there are fewer buyers and sellers have become more motivated.
Why wait until the market starts going back up again, and you are competing with more Buyers. Prices are still excellent and interest rates, in my opinion, are as low as they are going to get.
Check out some of our hot buys this week. If you don’t see anything that fits what you are looking to, please email us with your criteria. We will let you know the best deals to suit your needs and budget.
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
Ken, Melissa, Greg, and Jeremy
P.S. - We normally don’t take any political stands, but there is always an exception to any rule. We strongly support Israel and encourage others to show their support as well. Here is a link to events scheduled on Maui to show your solidarity with Israel.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for August 19th, 2014
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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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563 (267)
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223 (30)
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944 (181)
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-8
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Condos
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777 (190)
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194 (20)
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1280 (189)
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-5
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Land
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388 (131)
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31 (4)
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207 (25)
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-1 |
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Total
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1728 (588)
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438 (54)
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2431 (395)
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-14
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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
1311 Omaopio Road
Kula
$1.039M (FS)
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An oasis in Lower Kula with old trees, big views and an incredible amount of charm. Step into this lovely remodeled home on 2 acres with a spectacular climate for growing. Settle into the beautiful koa kitchen with gas range and maple butcher block counters that flow out to a bright living area. There are plastered walls, eucalyptus floors and lots of fabulous decking that opens up with the views to a private and delightful pool.
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389 Wekiu PlaceKa'anapali
$2.095M (FS)
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If you were a custom homebuilder, what kind of home would you build for yourself? Start with the location in the Summit in the Ka'anapali Golf Estates for the views, the soft trade winds and easy access to great beaches and the amenities. Design a home with a great room, 3 bedrooms, 3.5 baths, a den, 2 lanais and a pool with a hot tub. Your covered stone tile lanai sets up your dream views.
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Homes Under $1M
84 Maha Road
Makawao
$350K (FS)
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Classic 1925 Plantation home with lots of history and tons of charm. Fabulous lot close to Makawao town with so much potential. Home has extensive termite damage but is salvageable. Several outbuildings don’t show up in the Public Records.
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304 Palanehe Place
Kihei
$430K (FS)
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This 3 bd. 2 bath home has a large living room area and only needs a little TLC. Located conveniently in N. Kihei, only 7 miles to Kahului, 20 Miles to Lahaina, and less than 1 mile to the closest beach.
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621 Kuu Home Place
Kihei
$495K (FS)
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Great value for this 3 bedroom / 2 bath single level home in Ka Ono Ulu Estates. Floor plan consists of an open living room with a separate kitchen and dining room area. Upgrades include laminate and tile flooring, tiled counter tops, customer tiled bathrooms, solar hot water heater, and 5 air conditioning units.
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96 Kahele Place
Kihei
$560K (FS)
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Absolutely stunning remodel on this single story home in Waimahahai. It is like moving in to a brand new home. Flexible floor plan allows this home to be used as 3 bedroom 2 bath, or 2 bedroom 1 bath with mother-in-laws quarters. Professional interior pictures coming soon.
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756 Kupulau Street
Kihei
$799.9K (FS)
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Short Sale. House and cottage on over 1/2 acre in Maui Meadows. Lovely single level home with beautiful pool and private outdoor setting excellent for entertaining. Detached 2 story cottage has a small ocean view with a large upstairs lanai.
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10 Leoole Way
Wailuku
$850K (FS)
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Outstanding ocean, North Shore, Kahului Harbor & Haleakala mountain views greet those who enter this newer home. Located on a low-traffic cul-de-sac just moments from the sought-after Puu Kukui Elementary School, this home has family appeal. Photovoltaic = bills of less than $20.
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Vacation Condos Over $1M
Montage Residences #2502
Kapalua
$4.25M (FS)
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Introducing Montage Residences Kapalua Bay. A truly one-of-a-kind opportunity to own along the West Maui shoreline, overlooking the white sandy crescent of Kapalua Bay, with panoramic ocean views framed by the neighboring islands of Molokai and Lanai. Located within the renowned Kapalua Resort, home to two championship golf courses, miles of hiking trails and an array of ocean activities. Montage Residences Kapalua Bay offers a rare opportunity to fully embrace the Montage lifestyle.
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Vacation Condos Under $1M
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Nani Kai Hale #303
Kihei
$299K (FS)
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1 bd. 2 bath condo at Nani Kai Hale which is located on beautiful, pristine Sugar Beach, where one can walk for many miles in either direction. This complex has an oceanfront heated swimming pool and gas barbeques from which to enjoy whale watching or view the glorious sunsets. There is a lovely ocean view from the lanai overlooking the pool.
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Puamana #4
Lahaina
$495K (FS)
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Bank Owned. A perfect canvas for your discerning eye. With a good location behind pool 1. Close to the tennis courts and club house. This 2 story end unit has had a previous kitchen update and the rear side windows have been updated to double pane blocking any road noise there may have been.
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Hale Pau Hana #106
Kihei
$999K (FS)
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Rare beachfront condo on the popular Kamaole Beach Park II in South Kihei. This ground floor 1 bedroom / 2 bath unit has tiled floors in the kitchen and living room, tiled back splash in the kitchen, neutral color paint scheme, A/C in the master bedroom, and updated vanity cabinets in the bathrooms.
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Residential Condos
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Lanakila A-106
Kihei
$349K (FS)
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Great value for a 2 bedroom townhouse located on the ocean side in North Kihei. This 2 story floor plan has approximately 1,040 sq. ft. of living area. The living room, kitchen, and 2nd bathroom are located downstairs. There are two bedrooms and one full bath located upstairs. There is a low maintenance fenced backyard area as well and central A/C throughout.
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Villas at Kenolio 14E
Kihei
$420K (FS)
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Immaculate 2 bedroom / 2 bath upstairs unit with large loft located in the Villas at Kenolio. Features include bamboo floors in the living room / dining room area, Corian counter tops, tiled bathrooms, custom wood blinds, and lots of storage. The upstairs loft could be used as an office, entertainment room, or a 3rd bedroom. There are 4 ceiling fans, 3 air conditioning units, and a solar hot water heater.
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Vacant Land
5171 Makena Road
Makena
$1.75M (FS)
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Ready to build your Makena, Maui Dream Home? Papaanui, Lot 7, is incomparable in its unique Location in Makena, Maui, Hawaii. There is a 3/4 inch County Water meter installed on property. Wonderful South facing Ocean, Molokini Crater, coastline, and outer island views.
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