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The Smith Team - Two Generations of Satisfied Customers

  Issue 381 June 22nd, 2010 
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million

Residential Condo
Over $1M
Vacation Condos Under $1M
Residential Condos Under $1M
Vacant Land


  REO Properties

All  Properties

New  Properties
Price Reductions

Short Sales


New Properties
Price Reductions

 Market Update

We are often asked why we are so bullish on the future of Maui real estate.  Here are the main reasons.
  • Maui is still considered the favorite Pacific island destination for tourists from around the world.  Read more.
  • Currency changes make Maui more affordable than ever.  We are seeing a lot of interest from Canadian buyers at this time.
  • Prices on Maui are down 30% or more from peak levels in 2006.  Evidence suggests that a rebound is close at hand.  This is born out by statistics from Oahu and the mainland where prices have already started appreciating.
  • Interest rates are at historically low levels.
  • There are very few new projects breaking ground in the next 12 months.  With increasing sales, the inventory is shrinking and will eventually reach a level where demand exceeds supply.   Act now while there are still good choices and sellers are motivated.
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.

Smith Team Photo on Website.jpg

Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)

Market Watch for June 21st, 2010

 Active Pending Sold Change
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

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.

Homes Over $1M

516 Pacific Drive.jpg
516 Pacific Drive
$2.2M (FS)

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.

Customer Listing Synopsis

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201 Waipoli Road
$2.3M (FS)

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.

Customer Listing Synopsis

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147 Manalo Place
$2.95M (FS)

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.

Customer Listing Synopsis

Homes Under $1M

569 Papau Street.jpg
569 Papau Street

$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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30 Kupono Street

$344.9K (FS)


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.

  Customer Listing Synopsis

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2284 Kamaile Street

$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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604 Naalae Road

$899K (FS)


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.

  Customer Listing Synopsis

00 Puuiki.jpg
00 Puuiki

$995K (FS)


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.

  Customer Listing Synopsis

Residential Condo Over $1M

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Wailea Palms #3408

$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.

Customer Listing Synopsis

Vacation Condos Under $1M

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Maui Vista #1421
$267.9K (FS)


Bank Owned. 2 bedroom 1.5 bath. Great opportunity for the investor. Property needs  very little work.


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Paki Maui #227
$369K (FS)


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.


Kaanapali Plantation 2.jpg
  Ka'anapali Plantation #2
$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.

Customer Listing Synopsis


Residential Condos

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Southpointe 25-204
$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.

  Agent Listing Synopsis

Maui Lani Terrace F304.jpg
  Maui Lani Terraces F-304

$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.

Customer Listing Synopsis

Kihei Shores F105.jpg
Kihei Shores F-105
$177.9K (FS)


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.

  Customer Listing Synopsis

Vacant Land

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184 Anapuni Loop
$720K (FS)

Bank Owned. Vacant land in Lanikeha subdivision, almost an acre. Ocean, mountain, and Sugar Cane Train, and golf course views.

  Customer Listing Synopsis

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Coldwell Banker Island Properties
3750 Wailea Alanui Drive Suite B-35
Wailea, Hawaii 96753

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