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Aloha ,
Market Update
According to a report from National Association of Realtors®, Lawrence Yun, home price growth slowed in most metropolitan areas during the first quarter of 2014; however, year over year increases were still quite impressive. Read full report.
The rate of slowing is not a concern, and, in fact, it is a good sign in that it keeps affordability at high levels. If prices were to rise too quickly, we could end up in one of the boom bust cycles such as we saw in the run up and subsequent collapse of the real estate market following the financial meltdown in 2007.
We will continue to monitor the market and let you know if we see any signs of weakness. It is not always possible to time the market, so we generally recommend buying for the long term when you find the property that suits your needs and is within your budget.
I personally don’t think you could ever go wrong owning a home on Maui in the long run, especially when you take in to account the many benefits of having your own home and not having to pay rent.
Please let us know if you are in the market to buy or sell. We would love to help you achieve your goals.
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
Ken, Melissa, Greg, and Jeremy
P.S. - Not everything is listed in the MLS, so if you don't see what you are looking for, please send us details. We know of pocket listings and foreclosures that are not listed which might be a perfect fit for you.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for May 13th, 2014
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Active
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Pending
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Sold
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Change
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Homes
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550 (271)
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231 (34)
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962 (182)
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+1
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Condos
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736 (174)
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216 (22)
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1377 (185)
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-9
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Land
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361 (123)
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43 (6)
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218 (28)
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+3
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Total
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1647 (568)
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490 (62)
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2557 (395)
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-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
2807 Kekaulike Avenue
Kula
$1.2M (FS)
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Possible seller financing. There is no better Kula view than this. As you pass between two historic wooden water cisterns which stand as sentries guarding the gated driveway to the main home, you will be treated to majestic sweeping un-blockable down country bi-coastal views which will leave you awestruck. This 4.716 acre parcel at 3,700 foot elevation features two homes with separate driveways and addresses off Kekaulike Ave.
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Homes Under $1M
47 Alana Place
Makawao
$349.9K (FS)
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Bank Owned. Nice location on the end of a cul-de-sac just off of Makawao Avenue. The kitchen was updated after 2006 with tile flooring and cabinetry. Solar water heating and a fully fenced yard also enhance this property just waiting for your personal touch.
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45 Mahi Ko Street
Paia
$400K (FS)
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Short Sale. Extended family situation possible with floor plan.
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870 Kale Street
Lahaina
$472.5K (FS)
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Short Sale. Large lot with house and cottage situated on a corner lot. In need of some TLC but has great potential.
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19 Ohia Leo Place
Wailuku
$599K (FS)
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Beautiful 2-story, well- maintained house in a very desirable neighborhood. Upstairs features vaulted ceilings, an open floor plan and the living room/kitchen area leading to the front covered lanai where beautiful ocean and mountain views can be enjoyed for entertaining family and friends.
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1416 Pulehu Road
Kula
$999K (FS)
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Take in the views of Haleakala, the West Maui Mountains, and the ocean. Don’t miss this superbly appointed single level home.
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Vacation Condos Over $1M
Wailea Elua #2201
Wailea
$1.549M (FS)
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Remodeled in 2006 this unit is ready to move in as your second home or rental property. Elua is a gated community, extremely popular and units don't come up very often. 2201 has a very private feeling with ocean view as your sit on your lanai surrounded by wonderful landscaping. Wailea Beach Walk is just a few steps away as is the sandy beach, shopping, and dining.
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Vacation Condos Under $1M
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Kihei Akahi C-510
Kihei
$349K (FS)
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This upper floor unit at Kihei Akahi is fully equipped and wonderfully presented for vacation rental or residential use. Enjoy upper floor views and privacy.
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Aina Nalu C-102
Lahaina
$384K (FS)
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This end unit has 2 bedrooms, 2 baths and shows like new with stone tile floors, granite counters, cherry wood cabinets and oversized bathrooms. The condo layout gives you and your guests the feeling of 2 separate suites.
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Honua Kai #532
Ka'anapali
$539.9K (FS)
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Located n the beachfront complex of Honua Kai, this mountain view, 1 bedroom unit is being offered fully furnished and turn key.
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Residential Condos
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Kihei Shores D-102
Kihei
$265K (FS)
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Ground floor 2 bd. / 2 baths and 2 deeded parkings stalls. Tile floors in kitchen / living / dining. Quiet location away from Kihei Road but across from Kamaole Beach Park III.
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Opukea at Lahaina B-102
Lahaina
$369K (FS)
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Short Sale. One of Lahaina's newest community with 114 units in seven buildings situated on 6.5 acres. Comes completed with full insulation, central air, double paned sliding glass doors, two parking stalls(one covered).
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Vacant Land
0 Laumania Road
Kula
$530K (FS)
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Choose a lot from Laumania subdivision at Keokea which is a 12 lots agricultural project with a minimum size of 2 acres each. Located in Keokea, Kula off of Cross Road, Maui. Its soothing climate, spectacular views of Haleakala and bi-coastal ocean views makes this area a desirable place to live.
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