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| Issue 381 | June 22nd, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
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Market Update
We are often asked why we are so bullish on the future of Maui real estate. Here are the main reasons.
We are not so naive as to realise that there may be other factors involved which could delay or puy the kibosh on any meaningful real estate recovery; however, from past experience we feel that optimism is highest at peaks in the market, and pessimism is greatest at market bottoms.
We feel the more pessimism that exists is actually good news in that it is signalling a market bottom. Will there be bumps along the road? Absolutely, but for those looking at maximizing their quality of life, Maui should be at the top of your list.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. We believe that for every adversity there is the seed of an equivalent benefit. Although it may not be readily apparent, it will be interesting to see what benefits will result from the Gulf oil spill.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for June 21st, 2010
| Active | Pending | Sold | Change | |
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| Homes | 886 (349) | 231 (35) | 805 (105) | +30 |
| Condos | 1264 (229) | 251 (9) | 1062 (168) | +3 |
| Land | 566 (156) | 26 (7) | 137 (21) | -7 |
| Total | 2716 (734) | 508 (51) | 1104 (294) | +26 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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The Summit Estates its all about big views. Totally custom home. Outstanding features include easy living single level floor plan, 3 master suites, custom hickory cabinetry, 8' knotty alder doors with custom woodwork throughout. Kitchen, living room, and master suite all have panoramic ocean & outer island views. |
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Exceptional Upcountry Estate on four pastoral acres with amazing panoramic ocean and mountain views! Beautiful custom home with versatile floor plan offers 6 bedrooms, 4 baths including two master suites; perfect for your extended family or guests. Luxurious amenities include 2 fireplaces, hand milled Eucalyptus cabinets and floors, high ceilings, crown molding and granite counter tops. A separate gatehouse includes a 3 car garage, workshop area and caretaker’s quarters above. |
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At nearly $1 million less than the original asking price, this gorgeous, Farrington designed 3 bed, 3.5 bath Wailea Golf Vistas home awaits you. The home was remodeled and furnished last year with top of the line furnishings, fixtures and local photography and artwork by a professional interior design consultant. The results were featured in Hawaiian Style Magazine. |
 569 Papau Street Kihei $319.9K (FS) |
Bank Bonanza in Ka Ono Ulu Estates is this occupied bank owned, REO, foreclosed home with 5 bedrooms and 4.5 bathrooms with a 1,964 square foot interior and sits on a 8,040 square foot corner lot.
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Bank Owned in the heart of Paia. Close to everything, fenced backyard. You will enjoy this home for years. Spacious 3 bedroom, 1 bath home with lots of parking. Backyard has some fruit trees, Property just needs some TLC to bring it back to it's glory. |
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 2284 Kamaile Street Wailuku $799K (FS) |
Short Sale. From almost every room in the house and Lanai you will experience amazing Ocean views from the North Shores to the world renowned South Side beaches along with West Maui Mountain and Haleakala Mountain views. This Custom built home boasts a stunning gourmet kitchen with black galaxy granite counters, bamboo inlaid cabinets, Brazilian cherry hardwood floors and top of the line tropical lighting fixtures.
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Spectacular 6.04 acre trophy property with breathtaking, panoramic ocean, outer island, and mountain views. Just stunning. The property contains a 2 bedroom, 1 bath cottage, large capacity septic system, two fenced pastures, rock walls, exotic chocolate and black bamboo, and a Tahitian lime grove. There are several fantastic terraced building sites for a main home. |
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Kamaaina comfort and grace with a touch of the orient are the hallmarks of this fine old estate, which has nothing but a parcel of State pasture land between it and the sea. The main building is connected to two cottages by covered walkways, and there is a free standing garage-workshop. |
Wailea Palms #3408
Wailea $1.175M (FS) |
Stepping out on this lanai, the only thing that will greet you is either the soft afternoon sun, spectacular sunsets or moonlight and glittering lights of Ma'alaea Harbor. The wrap-around ocean views are simply stunning from this beautifully upgraded 2B/3B second floor Palms II unit. |
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Bank Owned. 2 bedroom 1.5 bath. Great opportunity for the investor. Property needs very little work.
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Beautiful and fully remodeled. Open kitchen with granite counter tops, new tiled floors, two new bathrooms. Turn key and ready to occupy. Two separate spacious lanais-one off master bedroom and one off living room. Corner unit. Next door to beach park.
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 Ka'anapali Plantation #2 Ka'anapali $489K (FS) |
Frontline Ka'anapali Plantation 1-bedroom/2-bathroom unit featuring 2 lanais with spectacular multi-million dollar views of the islands of Molokai and Lanai, the Kaanapali Coffee Plantation, as well as the 12th green and 13th tee of the Kaanapali Royal Golf course.
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 Southpointe 25-204 Kihei $121.9K (FS) |
Bank Owned. Beautifully remodeled 2 bd. / 1.5 bath upstairs unit at Southpointe at Waiakoa. This unit features bamboo wood flooring, tile in kitchen and bathroom, and updated cabinetry throughout. Vacant and easy to show. Includes 2 parking stalls. |
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 Maui Lani Terraces F-304 Honokowai $145.9K (FS) |
Bank Owned. Nicely remodeled unit. Laminate floors, kitchen redone. This is a Fannie Mae HomePath property that can be purchased for as little as 3% down. It has been approved for HomePath Mortgage and HomePath renovation Mortgage Financing. Go to www.HomePath.com for more information. |
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Bank Owned. Beautifully upgraded unit features ceramic tile floors, granite kitchen counter tops, renovated bathrooms with custom fixtures. Kihei Shores is situated across the street from Kamaole III Beach park and close to Wailea shopping, restaurants. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down. |
 184 Anapuni Loop Ka'anapali $720K (FS) |
Bank Owned. Vacant land in Lanikeha subdivision, almost an acre. Ocean, mountain, and Sugar Cane Train, and golf course views. |
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