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Market Update
Thank you to the many of you who offered to be part of the web usability study. If you emailed us to be part of the study, you'll receive an email within the next week and half with instructions on how to participate. Thanks again!
Yesterday it seemed like all eyes were on the stock market. In response to Friday's downgrade of US government debt and then yesterday's downgrade of Fannie Mae and Freddie Mac (both largely dependent on government debt), all three major stock indexes fell between 5% and 7%. Today the three stock indexes recovered most of the losses from the previous day; however, it is obvious there is still a significant amount of fear and uncertainty plaguing the markets.
So what effect will these downgrades ultimately have on Hawaii's housing market? Uncertainty in the markets means different things for different people. Some see opportunity. Some see impending disaster. While some stand by and pay no attention at all.
We believe the shifting marketplace will only continue to create jaw dropping opportunities to buy Maui Real Estate at significant discounts. Five to seven years from now we'll look back and say, "Wow. What a bargain that was!"
Have a wonderful week,
The Smith Team
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for August 8th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
728 (264) |
249 (25) |
836 (108) |
-9 |
|
Condos |
1021 (181) |
215 (12) |
1163 (107) |
+22 |
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Land |
514 (112) |
24 (7) |
127 (14) |
+7 |
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Total |
2263 (557) |
488 (44) |
2126 (229) |
+20 |
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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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392 Wekiu Place
Ka'anapali
$2.395M (FS)
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Beautiful, 3,420 s.f. - 4 bedroom, 4.5 bath home on the front line of the Summit in Kaanapali Golf Estates. This property has fabulous views of the blue Pacific Ocean, both the islands of Molokai and Lanai and beautiful sunsets. Top of the line finishes and many custom features including; African mahogany doors, imperial plaster and travertine throughout.
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Homes Under $1M
190 N Church Street
Wailuku
$290K (FS) |
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Bank Owned. Fantastic, rarely available opportunity. B-2 zoned, 4 bedroom, 2 bath home on N. Church Street next to professional offices and residential homes. Built in 2004, this property presents many possibilities and is a great value.
Customer Listing Synopsis
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919 Kahoku Place
Kihei
$355K (FS)
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Bank Owned. Large 2 story home on Cul-de-sac in Piilani Village subdivision. Open Floor plan has nice flow, with just the master suite located upstairs, and all other living area downstairs. Large Laundry room, covered lanai, 2 car garage, and completely fenced rear yard. Located in Central Kihei, close to all amenities.
Customer Listing Synopsis
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60 Henohea Place
Kahului
$385K (FS) |
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Bank Owned. 2 story home in a nice cul-de-sac. 3 bd. 2.5 baths. Master bedroom has an expanded area. Centrally located. Near shopping, golf, schools, etc.
Customer Listing Synopsis
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580 Ukali Street
Wailuku
$499K (FS) |
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Bank Owned. Live in Paukakalo, near a favorite surfing spot. Mountain and ocean view from a raised dwelling on a corner lot. Lots of parking under dwelling. Perimeter rock wall is already built.
Customer Listing Synopsis
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35 Mai Place
Haiku
$500K (FS) |
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Bank Owned. Large usable gated lot with main home and 2 additional structures. Home needs some TLC.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Hoolei 21-1
Wailea
$2.595M (FS)
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Enjoy ocean views year round from this beautiful 3 bedroom/3.5 bath town home. Villa 21-1 offers convenient open-air living within the 3076 sq ft of interior. You will feel right at home with features such as a private elevator, a gourmet kitchen with Wolf and Sub Zero appliances, and Snaidero cabinets. Designed with beautiful furnishings by Bassman Blaine, this home defines splendor. The Ho'olei community is Wailea's latest world class development, located directly across from the Grand Wailea Hotel Resort and Spa.
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Vacation Condos Under $1M
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Kihei Akahi C-313
Kihei
$239.9K (FS)
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Bank Owned. Grab this Kihei gem before it's gone. Vacation rental ready, third floor condo in one of South Maui’s favorite complexes: Kihei Akahi. Arguably one of the best values in South Kihei for less than $250k, and located across the street from Kamaole II, unit 313 will offer your guests a peaceful refuge away from the noise.
Agent Listing Synopsis
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Ka'anapali Plantation #35
Ka'anapali
$494.5K (FS)
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Bank Owned. Must see to appreciate. Beautifully upgraded 2 bd. 2 bath with separate entrances and partial ocean views.
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Palms at Wailea #602
Wailea
$639.9K (FS)
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Bank Owned. This 2 bd. 2 bath condo has a 1,299 sq ft interior that is the largest floor plan available at this complex. Great Location is a short drive to the best beaches in South Maui, The Shops at Wailea, and many magnificent restaurants and golf courses in Wailea and Kihei making this an awesome place to live and a desirable vacation rental.
Customer Listing Synopsis
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Residential Condos
Hoolea Terrace #405
Wailuku
$245K (FS) |
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New Release. Come visit our new multiple family neighborhood. Ho'ole'a Terrace is located on the slopes of the West Maui Mountains in Wailuku with beautiful ocean and mountain views. We offer a 2 bed/1.5 bath floor plan or a 3 bed/2 bath floor plan. Each building has Six 1-story units. There will be 29 buildings with a total of 174 units. Many of our units will have amazing ocean and harbor views.
Customer Listing Synopsis
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Napili Villas #7
Napili
$252.5K (FS)
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Bank Owned. Great 2 bedroom 2 bathroom unit on the second floor...Enjoy partial ocean views. Overlooks a beautiful park area. This unit has a very spacious & open feel with high ceilings in the living area. Napili Villas is close to shops and beautiful beaches
Customer Listing Synopsis
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Vacant Land
2660 Kanakanui Road
Kihei
$205K (FS) |
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Bank Owned Auction. Vacant flag lot in South Maui. Gulch is part of lot, per county, water meter installed, buyers and/or buyers agent needs to confirm and do own due diligence on property and its boundaries. This property will be sold at an onsite auction August 16, 2011.
Customer Listing Synopsis
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