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| Issue 400 | November 2nd, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Hale Ho'okipa
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According to MLS Statistics, sales were up 47% for the first 9 months as compared with the previous year excluding sales at Honua Kai. Actual dollar amount of sales was up somewhat less (38%), due to lower average selling price. What I also find quite impressive is the increase in our market share. In 2009, the Coldwell Banker Shops at Wailea office accounted for 12.42% of all sales, and so far in 2010, we are up to 13.89%...and that's just our one little office. So, if you are still on the fence wondering whether or not it is good time to buy, we think the answer is yes. Don't expect a quick jump in prices as there is still a large overhang of distressed properties that we need to work through, but the deals are out there as the evidence suggests. Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. Reminder that we will be doing a drawing for a 2 night stay at The Fairmont Kea Lani Hotel at the end of 2011. Each referral you give us gets your name entered once in to the drawing.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for November 1st, 2010
| Active | Pending | Sold | Change | |
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| Homes | 854 (321) | 204 (20) | 834 (107) | +3 |
| Condos | 1206 (217) | 239 (7) | 1141 (171) | -36 |
| Land | 568 (150) | 24 (6) | 132 (14) | -7 |
| Total | 2628 (688) | 487 (33) | 2107 (292) | -40 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Short Sale. Beautiful, 4-years new, executive home with pool, jacuzzi, and grassy backyard.
At end of a cul de sac in gated Wailea Pualani. Features travertine tile
flooring, central a/c, granite counters. Upstairs you’ll enjoy an open
living/kitchen area with wrap-around lanai overlooking pool with views to the
West Maui Mountains, plus a spacious master bedroom with separate tub and
shower.
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 83 Alehela Street Kahului $274.9K (FS) |
Bank Owned. 3 bedroom 2 bath fixer upper special. Centrally located on a large 9,800 sq. ft. lot. Close to the hospital, schools, shopping centers, and government facilities.
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 339 Leleihoku Street Kihei $349.9K (FS) |
Large Home w/ detached Cottage in Old Sand Hills. Great ocean & mountain views. At the top of the palm lined concrete drive is a tastefully remodeled split level main residence with Central A/C. Large Master Suite and Bath with Walk in Closet, Shower and Sauna. The Main floor and Kitchen open to both the large front and rear lanai' connected by a wrap around deck.
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Bank Owned. This home features ocean views with 2 bedrooms / 2 baths upstairs and 2 ohana units downstairs. There is also a separate office area downstairs by the garage. In the front of the property, there is a 2 bedroom / 1 bath cottage. It needs work, but could become a great property for an investor or a large family. |
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Beautifully maintained 4 bedroom/ 2.5 bath home in gated community in Wailea Kai. The main level features a gourmet kitchen with a Sub-Zero refrigerator and a commercial quality gas stove, separate living room and dining room, generous deck area, and a master bedroom and bath that lead to an outdoor hot tub. The downstairs has 3 bedrooms/ 1 bath and a family room. There is also a bonus rooftop viewing deck on the 3rd level to enjoy the views. |
Polo Beach Club #109
Wailea $1.9M (FS) |
The Wailea lifestyle at its absolute best on one of the worlds best beaches.
This is the best "user friendly" ground floor location (most private with strong
ocean views) with the best floor plan (two separate lanais & bedroom suits
off lanais). Just steps to the beach and pool with immediate access to a large
side yard and garden off of both lanais. |
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Here is a totally "turn key" opportunity at Kihei Akahi. C-409 has been all remodeled and upgraded including an island kitchen and tiled shower stall. Very nice ocean and mountain views are offered from the lanai.
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Bank Owned. Excellent oceanfront location. Fabulous views of Lanai & Molokai. Sunsets & sunrises at a great price.
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 Iao Parkside 46-205 Wailuku $125K (FS) |
Short Sale. Spacious 2 bed, 2 bath upstairs unit. Includes 2 parking stalls, A/C in master bedroom and living room, high ceilings, and lanai. Needs some TLC. |
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Bank Owned. This is a 2 bedroom / 2 bath end unit with ocean views at Kihei Shores. This complex is located right across the street from Kamaole Beach Park III.
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Bank Owned. Two story unit with large garage, large driveway, and extra parking. Kanani Wailea offers 38 free standing homes in a gated complex. Close to all that Wailea has to offer.
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