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Aloha ,
Market Update
As we have reported to you in recent Newsletters, there has been a slowdown in the Maui real estate market this year. There are more listings and fewer sales especially during the last few months.
So what is the cause for such optimism to say that now is the ideal time to buy? There are two main reasons.
- 1. Home-Price Slowdown - Prices were going up at unsustainable rates last year and lot of Buyers became wary and stepped back. During recent months, we've seen an actual decline in prices.
- 2. End of Seller's Market - The balance has now shifted in favor of buyers.
The convergence of these two factors is bringing value conscious buyers back to the market. We are experiencing this personally as we have been much busier lately than we've been for many months.
Take advantage of this window of opportunity to buy at this ideal time. I know that I am.
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
Ken, Melissa, Greg, and Jeremy
P.S. - Speaking of the ideal time to buy! HOT, HOT, HOT!!! Previously Villas at Kenolio 1F was listed for $349K which in itself was a great price. We will be listing it tomorrow for $300K and receiving all offers for 1 week at which time the Sellers will take the best offer they get over that price. The average list price is currently $428K and the sales over the last 6 months have averaged $428K. Click here to see all the other Active Listings. Ideal for owner occupants, second home, or as an investment property. If you are interested in making an offer, contact us right away.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch
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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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562 (260)
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204 (29)
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953 (179)
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+17
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Condos
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776 (193)
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173 (18)
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1262 (189)
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-4
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Land
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390 (134)
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23 (2)
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204 (25)
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-3 |
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Total
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1728 (587)
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400 (49)
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2419 (393)
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+10
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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
 759 Kumulani
Kihei
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As you enter this beautiful family home at the top of Maui Meadows you are greeted with high vaulted cedar ceilings, a wall of windows and views of the pacific ocean from Kahoolawe to the West Maui Mountains. This home provides many unique opportunities with 2 separate guest quarters for family and friends, or that could be rented for additional income.
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61 Hoawaa Way
Wailea
$1.55M (FS) |
Beautifully renovated, very private Wailea Kai three bedroom, three bath home, perfectly situated away from all roads with some ocean view! Located just across from Keawakapu Beach, perhaps the best beach on Maui. This beautiful home was extensively renovated in 2013 and 2014, including new tile flooring, a newly tiled pool, an entirely new kitchen and a new workshop in the garage.
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320 Kainoe Street
Ka'anapali
$1.799M (FS)
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Centrally located on Kaanapali Hillside, this 4415 SF home boasts an open, inviting floor plan and private outdoor living area. The large gourmet kitchen is the heart of the home and ties together the first floor master suite with classic dining area and sunken living room. Upstairs, the graciously designed 4BR/2BA layout is perfect for families. Slate tiled outdoor lanais surround the pool, spa and manicured yard.
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Homes Under $1M
24 Laumaewa Loop
Kihei
$469K (FS)
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This is a well kept 2 bd. 2 bath 1,330 sq. ft. home with an improved garage area in South Maui's Meadowlands subdivision. Lovely double French doors open from the living room to the lushly landscaped back yard. The master bedroom has an en-suite bathroom while a second bathroom serves as a powder room for guests or can be dedicated to the second bedroom.
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572 Kuanana Street
Paia
$495K (FS)
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Well maintained home in desirable Paia. Seldom available home in upper Paia. Short drive to beaches and restaurants. Upgraded kitchen. Lots of room for expansion.
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54 Olina Street
Kahului
$668K (FS)
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Developer Deal. This brand new, highly desirable new community, The Parkways at Maui Lani is located along the lush Dunes at Maui Lani Golf Course. The convenience of schools, churches and shopping are all at your fingertips. This is a friendly and inviting home, great for entertaining. With an abundance of space and very open concept this home provides approximately 2,230 of interior living space on a single story, and is 4 bedrooms and 2.5 bath
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756 Kupulau Street
Kihei
$749K (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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44 Kulamanu Circle
Kula
$799K (FS)
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Short Sale. As part of the prestigious Kulamanu Estates subdivision, this is by far, one of the Best Locations in Kula. Just off L. Kimo Drive, about 1/4 mile above Kula Hwy, this unique section of Kulamanu, boasts a Jacaranda tree-lined street and is a collection of custom built homes on 1/2 acre lots, offering great ocean/mountain views. This well built, single story home has luxurious features.
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Vacation Condos Over $1M
Montage Residences #5404
Kapalua
$3.995M (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. The combination of unparalleled location, expansive floor plans and Montage services make for true hassle free resort living.
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Vacation Condos Under $1M
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Kahana Reef #215
Kahana
$459K (FS)
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Kahana Reef #215 is a beautiful one-bedroom ocean front condominium. Remodeled in 2005, this charming property features bamboo flooring, functional built -ins, an open kitchen design, and a convenient office alcove. The unit is in impeccable condition and the ocean, island and sunset views are simply spectacular. Situated directly ocean front, the Kahana Reef is located close to shopping, restaurants schools, the Kapalua and Ka’anapali resorts, and historic Lahaina Town.
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Kapalua Ridge #524
Kapalua
$699K (FS)
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Upgraded, spacious 1 bedroom, 2 bath condominium villa at The Ridge at Kapalua. Custom kitchen cabinetry plus lots of extras including bamboo flooring in kitchen and Bosch appliances. Awesome views northerly to Molokai, Honolua Bay, and the 6th fairway of the Bay Course. Amenities at The Ridge include two swimming pools, both with barbecue areas and restrooms; one with a full kitchen and entertaining area is directly across from this villa.
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Hale Pau Hana #106
Kihei
$925K (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. It comes fully furnished.
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Residential Condos
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Puuone Hale Alii #202
Wailuku
$99.5K (FS)
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Conveniently located condominium in Wailuku.
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Iao Gardens #306
Wailuku
$215K (FS)
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Short Sale. Be at the heart of it all in Wailuku. Iao Gardens has fantastic Vineyard St. location. The building is a security building and elevator will whisk you up to the 3rd floor condo that offers stunning views. This condo has 2 bedrooms and 2 baths. Master bedroom has en-suite bath and loft storage area. The complex features an in ground swimming pool. Its location in downtown Wailuku offers restaurants, shops, tennis, parks and even a theatre nearby.
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Haleakala #6D
Kihei
$315K (FS)
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Great price reduction for this beautiful condo. Chance to buy the home of your dreams and be able to move right in with no renovating needed! You are captivated the moment you walk through the door of this corner unit. The splendor of Maui is just outside, but you don't won't to leave your personal paradise. This is not your typical condo, but a custom crafted masterpiece you can call home.
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Vacant Land
0 Malaihi Road
Waiuku
$450K (FS)
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The top of Waiehu Valley offers peace and serenity with the privacy you would only expect in the country. Every morning enjoy the colors of the sunrise, listen to the soft singing of local birds. This magnificent 4.8 acre parcel is nestled in Waiehu Valley with a “real” country feel while located just five minutes from Wailuku Town and Kahului. Behind this property is several thousand acres of forest reserve land so you never have to be concerned that development will be in your backyard.
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