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Market Update
All real estate markets fluctuate. They go up. They go down. They go back up. They go back down. Hawaii's real estate market is no different. Granted some markets have more dramatic price movements than others—but the fundamentals still work the same.
Historically, Hawaii real estate prices have followed a pattern similar to California's real estate prices. Take a look at the following graph which details the median price movement for all Hawaii counties combined during the past 10 years. Now look at the median price movement for all California counties combined over the past 10 years. Do you find anything striking about the two?
Our prediction is that we are at or very near the bottom. What do you think? A year from now what will we look back and say?
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. Will you be on Maui March 13th? Be sure to check out Maui Pops Opera "The Elixir of Love" by Gaetano Donizetti. It will be a lot of fun. The show starts at 3:30pm. We'd love to see you there.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for February 21st, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
808 (321) |
253 (25) |
817 (96) |
+8 |
|
Condos |
1215 (233) |
258 (16) |
1150 (153) |
-6 |
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Land |
541 (127) |
31 (11) |
125 (16) |
+3 |
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Total |
2564 (681) |
542 (52) |
2082 (265) |
+5 |
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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
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336 Door of Faith Road
Haiku
$3.999M (FS)
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Perched on the edge of Huelo Point this stellar property shines with a stunning and breathtaking view of Maui’s biggest visitors the Humpback Whales. From within the high-tech “infinity” pool, behold panoramic vistas of the coastline cliff edges to the right and left. Tasteful design, high-quality craftsmanship and amazing lifestyle await you.
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Homes Under $1M
77 Ku'ukama Street
Kahului
$390K (FS) |
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Bank Owned. 2 story home in the Maui Lani development. Near Maui Waena School.
Customer Listing Synopsis
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54 Kamaiki Circle
Kahului
$659.9K (FS) |
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Bank Owned. Beautiful and spacious 4 bedroom / 2.5 bath home in the gated community at The Bluffs at Maui Lani. As you enter the front door, there is a grand staircase that leads you to a master suite with a walk-in closet, additional sitting area, and large bathroom with a separate shower and tub.
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1083 Kupulau Drive
Kihei
$699.9K (FS)
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Bank Owned. Upper Maui Meadows home and detached ohana on over 1/2 acre. Main home features open beam vaulted ceilings, spacious kitchen, and lots of room for entertaining inside or out by the pool.
Agent Listing Synopsis
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81 Laukahi Street
Kihei
$760K (FS)
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Bank Owned. This is the upgraded home you have been waiting for. Located just a few blocks from Kamalii School, 3 blocks to the beach, & on large corner lot with fantastic ocean views.
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Vacation Condos Over $1M
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Wailea Beach Villas PH306
Wailea
$3.499M (FS)
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Wailea Beach Villas 306 is located overlooking the ocean above one of Wailea's most famous beaches. Featuring 2 comfortable master suites plus a den which can be used as a 3rd bedroom.
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Vacation Condos Under $1M
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Royal Kahana #319
Kahana
$215K (FS)
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Furnished Royal Kahana studio with central air and washer/dryer in the unit.
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Kihei Alii Kai A-102
Kihei
$225K (FS)
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Bank Owned. Large one bedroom with spacious lanai for added living space.
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Kapalua Bay Villas 20G4
Kapalua
$895K (FS) |
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Stairs to beach right nearby. Whale watching at its best. Kite surfing at its best. Northwest exposure so more shady in the afternoon.
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Residential Condos
Masters #3004
Ka'anapali
$699.9K (FS) |
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Bank Owned. Masters 3004 has a great ocean view and borders the golf course. It is in great condition, this 2 bedroom 2 bath has granite counter tops in the kitchen & baths, tiled floors in living, dining & hall way, carpet in the bedrooms.
Customer Listing Synopsis
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Hokulani Golf Villas #1
Kihei
$1.075M (FS) |
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Hokulani Golf Villas rare offering, developer owned never before available!!! Spectacular setting at the 18th green with powerful Haleakala, Ocean and Sunset views from this one level custom home.
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Na Hale O Makena C102
Makena
$1.375M (FS) |
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Enjoy island living in this spacious 2 bedroom, 2.5 bath luxury condo with over 2,000. Sq. ft of interior living area and a large covered lanai with outdoor kitchen area and BBQ for entertaining.
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Kapalua Ironwoods #63
Kahana
$1.595M (FS) |
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Amazing oceanfront /golf course front unit with whitewater view of Fleming Beach in front of The Ritz Carlton Kapalua. Both bedrooms have ocean views. Walking distance to golf, tennis, restaurants and all resort amenities.
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Vacant Land
35 Naniuka Place
Olinda
$380K (FS) |
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Piiholo at its best. This is one of 10 lots in a recent 10 lot gated subdivision. This lot is considered no. 1 by the developers of the subdivision.
Customer Listing Synopsis
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