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| Issue 357 | January 5th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
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Market Update
It
is the start of a New Year and a new decade. Although we know there
are many naysayers out there predicting doom and gloom; we are
certainly are not in that camp at all.
On
the contrary, we are extremely bullish on the future. In fact, we are
going on record that 2010 will be a turning point for Maui Real
Estate. With each succeeding month showing increases in sales and
shrinking inventories, we feel that 2010 will see the bottoming out of
real estate prices on the Valley Isle.
In
fact, if you have been following our weekly Market Watch, you will
notice that this past week showed a record drop in inventories coupled
with nice increase in sales in all categories
Where
do you want to be 5 years from now? If you want to be owning property
here on Maui, then this year would be an ideal time to act.
Call or
e-mail us today to ensure that you are part of the next
bull market cycle in Maui real estate.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S.
Ken recently announced that 2010 would be his last year as a full time
member of The Smith Team. He will still be available for consulting on
a very part time basis, but mostly, he will be pursuing his other
passions, such as traveling, long distance running, playing with his
grandchildren, and Tournament Scrabble®.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for January, 4th, 2010
| Active | Pending | Sold | Change | |
|---|---|---|---|---|
| Homes | 863 (376) | 201 (22) | 691 (92) | -23 |
| Condos | 1319 (252) | 219 (8) | 833 (153) | -49 |
| Land | 525 (163) | 42 (10) | 109 (30) | -22 |
| Total | 2707 (791) | 462 (40) | 1633 (275) | -94 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Short Sale. Yes, this is the same home that was listed for $2.98M in 2007. This steel-frame home of uncompromising quality and luxury has over 4,400 sq. ft. of living area. |
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4 bd. 3.5 bath Pineapple Hill home offers year round stunning sunsets with islands of Molokai and Lanai as a backdrop. Large and open single level living floorplan with a lofted office/ den. Cedar ceilings, Australian gum wood and beautiful marble flooring. Dramatic whale sculpture adorns living area wall. |
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The ultimate experience in indoor/ outdoor living in this private and discrete residence! The expansive ocean views are the absolute best views Kialoa has ever offered. This majestic home was custom built for true single level living with king size expansive views of the blue pacific from the 4 main living areas and master bedroom. |
 328 Ohaa Street Kahului $237.9K (FS) |
This Fannie Mae HomePath property can be purchased for as little as 3% down & is approved for HomePath renovation mortgage financing.
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 272 Halenani Drive Wailuku $695K (FS) |
Original Sandhills oceanview neighborhood. Built 2005, very private flag lot with electric gate. Main house 2,048 sq. ft. 2 full baths, 2 half baths. Separate guest suite is 1 bd. 1 bath, 588 sq. ft. with covered porch, covered parking, and washer/ dryer.
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 515 S Alu Road Wailuku $799K (FS) |
Short Sale. Impressive 6 bd. 4 bath home with bi-coastal views in Wailuku Heights. At $799k for a 4,006 sq. ft. home on the ocean side of S Alu Road is a fantastic bargin. Luxury features include travertine tile and bamboo floors, granite countertops, and cherry cabinets.
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Puamana 226-2
Lahaina
$1.975M (FS) |
The Best of Maui's oceanfront. Offerings elegance and quality throughout. This Puamana showpiece property features extensive granite finishes rarely seen in Hawaii, exotic hard wood accents and a charming tropical decor. |
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Great oceanviews. Close to Kalama Park, tennis courts, shopping, and restaurants. Walk to Kamaole I beach, or swim in your 2nd floor pool. |
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Short Sale. Maui Banyan is a well maintained complex that offers pools, hot tubs, tennis, convenience to restaurants and shops, and is located across the street from the ocean in sunny South Kihei. This 2 bd. 2 bath ground floor unit with garden view and is seconds to the sand. |
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Bank Owned unit located right next to the pool. Grounds are well maintained with lots of lush tropical plants and flowers. Just minutes to the Shops of Wailea, Golfing and spectacular white sandy beaches that only Wailea can offer. |
 Haleakala Gardens 19A Kihei $165.3K (FS) |
Bank Owned. Quiet location at the back of the complex. This 3 bd. 2 bath unit has a nice grassy are off your front door, plus stoage area. |
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 Wailea Fairway Villas Q103 Wailea $775K (FS) |
Bank Owned. Exceptional 3 bd. 3 bath unit plus den. Sweeping ocean and golf course views. Unit will come partially furnished as currently seen including the art. Complex offers beautiful pool and hot tub area with work out facility. |
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This email was sent to |
The Smith Team - http://mauisales.com |