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| Issue 357 | January 12th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
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Market Update
The tide is turning. You know the market is shifting in to a higher gear when you receive 10 offers on one listing and 5 offers on another one within days of listing the property.
This was the case with two of our bank owned properties that we listed last week. Unfortunately, the bank jumped the gun on one of the Listings and we had to cancel it, due to the fact that the sale had not yet been confirmed by the courts.
If you think it is only REO properties that are garnering attention, think again. Our new luxury property listing at 120 Manalo Street (see Featured Property above) is also attracting considerable attention.
Our real estate market on Maui is cyclical. Remember 1980 to 1985, we were in a downward trend as a result of high interest rates.
1985 to 1991, we had a booming market with Japanese investors pushing values to unprecedented heights.
1997 to 2006, we experienced our last big boom in real estate prices which was partially due to the availability of money and easy financing qualifications.
If we could project ourselves ahead to 2015, and look backwards, we believe that the period between now, and then will mark the next big wave in our periodic cycles.
Do you want to take advantage of this next upswing in the Maui Real Estate market? Whether you want to buy a luxury multi-million dollar estate, or your first affordable home or condo, we are ready to help you.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. One of the key factors in any sustainable recovery in our Maui real estate market will be how tourism is faring. It is the driving force of our economy. We are happy to report that occupancies are way up again for the first quarter of 2010.
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 11th, 2010
| Active | Pending | Sold | Change | |
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| 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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Casual elegance in the prestigious Ka'anapali Golf Estates and situated along the 7th fairway of the Royal Kaanapali Golf Course; home of the Wendy's Champions Skins Game. Designed for entertainment and relaxation with an open and spacious floor plan including high ceilings (30 ft. plus) and lots of glass to bring light and the outdoors in. |
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This meticulously restored 1947 Maui Beach House is nestled on a large 12,840 sq. ft. lot, adjoining a beautiful 3 acre beach reserve. The golden sandy beach is protected by an ancient coral reef. It's perfect for swimming, diving, snorkeling, fishing, kayaking, paddle boarding and more! |
 382 Kea Street Kahului $239.9K (FS) |
Great value for a 3 bd. 1 bath house in the heart of Kahului. It is located on a 7,800 sq. ft. lot and allows for a cottage in addition to the main house. This property is located within walking distance to the Queen Kaahumanu Shopping Center.
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 37 Kamakoa Loop Wailuku $543.9K (FS) |
Bank Owned. Brand new custom 3 bedroom / 3 bath home located by the golf course with nice ocean views in the gated community of Sandhill Estates.
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 55 Kulamanu Circle Kula $789K (FS) |
The "Ohia", a single story home design to be built on a half acre lot in Jacaranda Grove, Kulamanu Estates Phase II, exclusively by Ridgeline Homes, Inc. Huge views from the open floor plan, insulated, thermal windows, finish allowances incl. for preferential customization.
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 296 Kahana Ridge Place Kahana $795K (FS) |
Panoramic ocean views from this front row 4 bd. 3.5 bath home with 3 car garage. Granite counter cops, hardwood floors in the Kitchen / living areas, and fine wood cabinetry throughout.
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Ho'olei T-6
Lahaina
$1.75M (FS) |
Ho'olei offers a unique fusion of tropical beauty and luxury lifestyle awaiting you in the heart of Maui's most sought after resort area, Wailea. For those seeking the privacy of an upscale residence with the ease of a condominium, the exclusive Ho'olei in Wailea, Maui offers the utmost in modern luxuries, a stunning, natural backdrop and lavish resort amenities. |
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Bank Owned Oceanfront! 1 bd. 1 bath in the front row. Tastefully remodeled kitchen including cabinets, stainless appliances and granite counters, bath also upgraded including custom tile shower. |
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This 2 bedroom 2 bath unit has a convenient lock off feature on the second bedroom. The unit is on the second floor and has a garden/tree view. Complex has 2 pools & spa's, BBQ area. Tennis and golf privileges available. |
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Beautifully remodeled 1 bd. 1 bath directly on the ocean at Napili Point. Upgrades include granite counter tops, cherry wood cabinetry, stainless steel appliances, and tiled floors throughout. This unit overlooks Honokeana Cove with Molokai and Lanai in the background. |
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Bank Owned. Upstairs 2 bd. / 1.5 bath. Wood flooring in the living area, tile flooring in the baths. Small deck to enjoy the afternoon sunshine and close to all the amenities Kihei has to offer. |
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 Hale Kanani 1-102 Kihei $291K (FS) |
Bank Owned ground floor condo directly across the street from ocean. Private Lanai with ocean views, open floor plan. Move in ready. |
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This email was sent to |
The Smith Team - http://mauisales.com |