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| Issue 326 | June 2nd, 2009 |
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| Aloha ,
In this newsletter:
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33% Below 2007 Bank Appraisal
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Market UpdateWe are very pleased to announce that for the third year in a row, we were selected by Hawaii Business Magazine as one of the Top 100 Realtors® in the State of Hawaii. In fact, we were 15th in the State out of 18,000 agents and 3rd on Maui. In spite of our accomplishments, we are not going to rest on our laurels, and will continue to do our utmost to provide superior customer service, which is how we measure our success. Based on the substantial recent increase in activity over the last few months, we are confident that we have reached the low point in terms of the number of new sales; however, there may still be some weakness in pricing, especially in the higher end. In any event, it is definitely a good time to be looking and making offers as the recovery has begun. Have a wonderful week. Mahalo Nui Loa, The Smith Team P.S. 7/1 interest only ARM's (fixed for the first 7 years) are pricing out today at 4.5% with 1 point (APR = 4.254%). This translates to an interest only $1,875 monthly payment on a $500,000 loan. Call Caroline Sakthiveil at Bank of America Home Loans at (808) 264-0534 for more details and to get pre-approved for your next purchase or refinance.
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 1st, 2009
| Active | Pending | Sold | Change | |
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| Homes | 1007 (419) | 155 (19) | 722 (122) | -3 |
| Condos | 1577 (301) | 135 (11) | 566 (123) | -15 |
| Land | 623 (178) | 42 (20) | 81 (31) | -5 |
| Total | 3207 (898) | 332 (50) | 1369 (276) | -23 |
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1. The numbers in parentheses reflect the number of listings over $1M |
 993 Kupulau Drive Kihei $1.399M (FS) |
On top of Maui Meadows rests this almost-new spacious custom view home with pool and cottage. Gorgeous ocean and Haleakala views look over Maui Meadows and Wailea to the blue Pacific.
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Owners have moved into a new home and want this property sold now. Vacant and easy to show on short notice. Incredible opportunity to purchase estate property in Napili. Less than 300 feet from the ocean. This property is set up as a three unit compound with top of the line amenities and views. An extensive remodel has been completed. |
 14 Kuapapa Place Kihei $256.4K (FS) |
Bank owned. This home has lots of potential, large front yard area on a flag lot. 4 bd, 1.5 baths with 1,056 sq. ft. of living area. Great for first time home buyers. Walking distance to elementary and intermediate schools, banks, Azeka's Shopping Center and restaurants. Good, central location. You can even walk to the beach. Monthly association fee of $295 covers water, trash, and maintenance of common area.
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Short sale. An exotic, handcrafted custom home built by Mandala Homes in Bali, Indonesia from sustainable coconut hardwood, mango & other tropical hardwoods. This brand new 1 bd. 1 bath custom home is the 500 sq. ft. ohana for the lot & includes a 200 sq. ft. covered deck. Features skylight, stained glass, hardwood inlaid floors, wood carvings, high-fired ceramic tile roof, Shoji doors, vaulted ceiling, handmade wooden windows & doors. |
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 67 Waiolani Place Wailuku $429K (FS) |
Beautifully kept 4 bd. 2.5 bath home. The lower level is nicely tiled. The property is located next to the park within the subdivision. So no neighbors on one side. The yard has lots of wonderful native plants and trees including an incredible dwarf mango tree not often seen on Maui.
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 719 Alae Road Kula $522.5K (FS) |
Bank owned. Beautiful property way up in Kula. Enjoy the cool air, the privacy, the serene and quiet surroundings. This property is clean, has a fireplace and a small gazebo in the yard and many citrus fruit trees.
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 2370 Piiholo Road Olinda $595K (FS) |
Drive down the agapanthus-lined driveway to this house and detached cottage in an orchard of macadamia trees opening up to expansive lawn with ocean view beyond. Quintessential Olinda. The main house has a nice, big, covered deck, high, open-beam ceilings, a big 'great room' with a wall of windows on the view side and tons of privacy.
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 10 Tulip Place Kahana $768.9K (FS) |
Bank owned. Here's the deal you were waiting for. Great price for this neighborhood. Ocean views from the front of the house, and ocean views from the back of the house. Nice floor plan, walk in closet off the master bedroom. Located at the end of a cul-de-sac. Catches the trade winds just perfectly.
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Ho'olei T1
Wailea $1.8M (FS) |
Relax in this 3,076 sq. ft. 3 bedroom, 3.5 bath Ho'olei condominium. 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. |
 Maui Banyan T-106 Kihei $300K (FS) |
Short sale. This Maui Banyan condo is rarely available to view due to bookings. Don't miss this opportunity to own a Maui Banyan condo at the lowest price in years! A rare find in South Kihei - Old Hawaii at its best.
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 Kihei Parkshore #4 Kihei $329K (FS) |
Short Sale. Walk to the beach in less than a minute! Experience fantastic ocean views from this ground floor 2 bedroom, 2 bath condo. This gorgeous unit has been beautifully remodeled with luxurious features that include onyx, slate, bamboo, new appliances and cabinetry. Kihei Parkshore is located in highly desirable South Kihei and is close to everything – beaches, restaurants, shopping, movies, parks, and surfing. |
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 Kapalua Golf Villas 14V2 Kapalua $540K (FS) |
Kapalua Golf Villa 14V2 is located right on the 10th fairway of the world famous Kapalua Bay Golf Course conveniently close to one of the 4 pools/barbecue areas at the Golf Villas. Completely refurbished, top-floor V vista unit.
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 Lahaina Roads #314 Lahaina $779.1K (FS) |
Short sale. Take advantage of the market and acquire this rarely available two bedroom, direct oceanfront unit at Lahaina Roads. There are only six units of this kind in this five-story boutique oceanfront condominium complex. From this corner-unit on the third floor, you will enjoy year-round tropical sunsets and island vistas. Between December and March, you can watch whales breaching at your door step.
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 Wailea Ekolu #503 Wailea $830K (FS) |
Very well appointed unit with superb ocean & island views from living room, kitchen and master bedroom. Red oak hardwood floors, granite/cherry kitchen, cherry baths, all the bells and whistles including a secure safe, split system AC, front load washer and dryer, crown moulding, smooth ceilings, high end roller shades. Feels like home. Unit is being sold completely furnished and ready for move in or vacation rental if one so chooses.
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 Villas at Kahana Ridge #736 Kahana $380K (FS) |
This 2 bedroom 2 bath unit is highly upgraded from the developer's options. Custom granite, tile, wood floors, and paint upgrades. Accent cabinet hardware, plumbing fixtures and stainless appliances make this property feel rich. High vaulted celings offer an airy and open feel. Convenient storage added. |
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 Villas at Keahalani #702 Wailuku $579K (FS) |
The Villas at Kehalani will be a 17-acre community of 103 luxury town homes in 30 buildings located in the Master-Planned community of Kehalani. These elegant homes will feature stucco siding and tile roofs and include a 2 car enclosed garage. Many units will have spectacular ocean views which can be enjoyed from your private covered lanai. This is a taste of Wailea, in picturesque Wailuku, with all the conveniences of being close to town. |
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 Kapalua Ironwoods #53 Kapalua $2.9M (FS) |
Kapalua Ironwoods #53 offers unobstructed views and access to Oneloa Bay to the south. You are looking down on the 5th hole of the Kapalua Bay Course with unobstructed views over the Bay Course to the North. # 53 has The Best Panoramic Views out to Molokai and whale watching in season. Enjoy this perfect spot in paradise from top floor 2 bedroom 3 bath home with study. |
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