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| Issue 376 | May 18th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
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Market Update
There are very legitimate concerns about the state of the housing market going forward over the next several months. Read more.
Many economists and market forecasters are predicting a rather sluggish market due to the hangover caused by the influx of Buyers who rushed in to take advantage of the Home Buyer Tax credit.
Also, there are concerns about the large number of properties in foreclosure that will need to be sold.
Honestly, being in a resort market where many of our sales are from Mainland or Foreign buyers, we didn't see very many people taking advantage of the tax credit.
This is not to say that we are totally immune to marketing forces affecting the rest of the Country; however, we do expect our recovery to remain intact on Maui.
Hopefully, that is not wishful thinking. What do you think? We welcome and respect your opinions.
Have a wonderful week!
Mahalo Nui Loa,
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for May 17th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 868 (350) | 239 (40) | 795 (102) | -1 |
| Condos | 1262 (224) | 267 (16) | 999 (152) | -20 |
| Land | 563 (158) | 32 (7) | 130 (23) | +7 |
| Total | 2693 (732) | 538 (53) | 1924 (277) | -14 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Terrific value in Ka'anapali Hillside desirable Phase I location. Just under 4,500 sq ft. of living space including a private guest suite of just under 700 sq. ft. Fabulous floor plan offering lots of flexibility. Large lot with pool and plenty of entertainment area. |
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Two double gated lush tropical acres with verdant sweeping lawns & expansive North Shore ocean vistas characterize this slice of paradise. Maunaolu Plantation is revered for its convenient location, perfect elevation & superb climate. |
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The setting of this amazing 2 acre North Shore oceanfront estate is unlike any other. Nestled atop an expansive, ocean view bluff in Huelo, this exclusive, very private property incorporates stylish, contemporary living in its custom cliff top homes, designed to capture the breathtaking, unobstructed, panoramic ocean and cliff views overlooking Waipio Bay. |
 952 Kahealani Street Haiku $299K (FS) |
Short Sale. Lienholder countered previous offer at $299K. This is a 3 bedroom / 2 bath home located within walking distance to Haiku town.
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Bank Owned. 3 bedroom / 1.5 bath. Close proximity to several shopping areas including Front Street. |
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 616 Molokai Hema Street Kahului $394.9K (FS) |
Bank Owned. House and cottage in central Kahului, large lot, many possibilities.
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Short Sale. This large lot contains a main home, cottage and a large work shop. There is plenty of covered parking. The possibilities for using the space are huge! Currently rented out as four separate units,( non-conforming) as the extra spaces are permitted as "workshop/office " space. |
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Bank Owned. OHouse and cottage in older coastal neighborhood. Located across the street from oceanfront homes. Close proximity to all local conveniences. |
Na Hale O Makena B-202
Makena $1.545M (FS) |
Turtle Town, Makena Landing and La Perouse Bay are all within easy reach of this 1930’s Hawaiian estate style property built in 2002 on six lush acres. This spacious residence is offered turn-key, professionally designed in antiques and Les Indiennes fabrics complemented by polished marble and stone floors, upgraded lighting, granite counter tops, Snaidero cabinetry throughout, Gaggenau, Bosch and GE Monogram appliances. |
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Killer ground floor 1 bedroom condo in excellent condition. Wonderful private location. This exceptional vacation rental condo is just steps from one of Maui's best sandy beaches and walking distance to lots of shops and restaurants.
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Short Sale. Outstanding view from this bridge level 1 bedroom 1 bath.
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 Wailea Ekolu #401 Wailea $724.9K (FS) |
Classic Ekolu location, ground floor 2 bd. 2 bath with panoramic ocean view overlooking the Wailea Blue Course. Large spacious one level living, no stairs, turn key with lots of upgrades.
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 Puuone Terrace #206 Wailuku $114.9K (FS) |
Bank Owned. Great opportunity for first time buyer or investor. Needs a little TLC. |
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 Iliahi at Kahealani 16D Wailuku $275K (FS) |
Short Sale. Extra large townhome with nice views, plenty of storage and 2 parking stalls, 1 covered. |
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Beautifully well appointed 3 bedroom / 2 bath located on the top floor of Hawealani. Nice open floor plan leads to ocean views from the lanai. Features include high 10 ft. ceilings, crown molding, granite counters in kitchen and master bath, maple kitchen cabinets, plantation shutters throughout, wood and tile flooring, and a split A/C system. |
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