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The Smith Team - Two Generations of Satisfied Customers

  Issue 347 October 27th, 2009 
     
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation 
Condos Over $1M
Vacation Condos Under $1M
Residential Condos
Vacant Land

  REO Properties
All  Properties

New  Properties
Price Reduction

 Short Sales
Homes
Condos
Land
New Properties
Price Reductions

 

   

Market Update 

Checking the stats on Pending Sales, we find that REO's (Bank Owned Listings) and Short Sales account for approximately 40% of all of new Escrows on Maui.  Here is the breakdown.

There are currently 202 Pending Home Sales.  Of these, 27 are over $1 Million.  In this category, there are no REO's and only 1 Short Sale.  Under $1 Million, there are 42 REO's and 40 Short Sales.

In the condo market, we see a similar situation.  There are 154 Pending Sales of which 8 are over $1 Million with no Short Sales or REO's.  Under $1 Million, there are 13 REO's and 48 Short Sales in Escrow.

There are still a large number of properties pending foreclosure, so we expect the market to continue to be dominated for at least the next 12 months by REO's and Short Sales.  Nonetheless, we feel that it is a excellent time to take advantage of distressed Sellers and low interest rates.

Have a wonderful week.

Mahalo Nui Loa,

   
The Smith Team
 
P.S. Congratulations to all of the Finishers in the 2009 Maui XTERRA Championships held this last Sunday in Wailea and Makena. 

Smith Team Photo on Website.jpg

Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)

 

Market Watch for October 26th, 2009

 Active Pending Sold Change
Homes  891   (381)  200  (28)  648  (83) -21
Condos 1428  (246) 156  (8)   742  (150) +7
Land  573  (176)   44  (11)    88  (30) +2
Total 2892 (803)  400  (47)  1478  (263) -12

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.

Homes Over $1M

480 Ulaena Loop.jpg
480 Ulalena Loop
Haiku
$1.195M (FS)

Beautiful property upgraded with the horse lover in mind! Light and bright home features panoramic ocean and pastoral views from every corner of the house. 

Customer Listing Synopsis

1429 Front Street.jpg
1429 Front Street
Lahaina
$1.9M (FS)

Short Sale. Best priced oceanfront residential property on West Maui. Must Sell.

  Customer Listing Synopsis

Homes Under $1M

3160 Akala Drive.jpg
3160 Akala Drive
Kihei

$424.9K (FS)

 

Bank Owned. Cute cottage situated in Maui Meadows.

  Customer Listing Synopsis

297 Haulani Street.jpg
297 Haulani Street
Pukalani

$495K (FS)
 

Bank Owned. 3 bd. 3 bath 2 story home with mountain and ocean views. Plenty of room for a cottage on this 1/2 acre lot.

 

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1382 Ainakea Road
Lahaina

$499K (FS)

 

Short Sale. Great property with all sorts of possibilities. 

Customer Listing Synopsis

186 L Waiehu Beach Road.jpg
  186 L. Waiehu Beach Road
Wailuku

$700K (FS)

 

Short Sale. Direct oceanfront property with lots of potential. 

Customer Listing Synopsis

Vacation Condos Over $1M

Hoolei F4.jpg
Ho'olei F-4
Wailea

$2.199M (FS)
 

Short Sale. Ho’olei O-4 is the best-priced Plumeria floor plan left in the entire community! 

Customer Listing Synopsis

Vacation Condos Under $1M

Lauloa 211.jpg
Lauloa #211
Ma'alaea
$279.9K (LH)

 

Bank Owned. Oceanfront 2 bd. 2 bath. Nice upgrades and condition. Central air and electric included in monthly maintenance fee.

  Customer Listing Synopsis

Kihei Beach 305.jpg
Kihei Beach #305
Kihei
$439K (FS)
 

One bedroom, two bath oceanfront condo with a spectacular view.


 

Kapalua Golf Villas 14V2.jpg
Kapalua Golf Villas 14V2 Kapalua
$499K (FS)
 

Located right on the 10th fairway of the Bay Course. Completely refurbished.


 

Kaanapali Royal Q303.jpg
Ka'anapali Royal Q-303
Ka'anapali
$575K (FS)
 

A third floor unit with great ocean view. Check out the square footage.  This is an awesome deal.


 

Wailea Ekolu 403.jpg
Wailea Ekolu #403
Wailea
$695K (FS)
 

Beautiful ocean views from this spectacular private ground floor condominium.


 

Residential Condos

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Maui Gardens E-101
Kihei
$188.1K (FS)
 

Bank Owned. Ground floor end unit with beautiful new bamboo floors. Swimming pool, hot tub, BBQ area, and tennis court.

  Customer Listing Synopsis

Iliahi at Kehalani  7B.jpg
  Iliahi at Kehalani 7B
Wailuku

$319K (FS)
 

Short Sale.  3 bedroom, 2.5 bath, 1258 square foot, residence.

Customer Listing Synopsis

Wailea Fairway Villas U 202.jpg
Wailea Fairway Villas U-202
Wailea
$425K (FS)
 

Short Sale. 2 bd. 2 bath 949 sq. ft. gem in Wailea at $425,000. 

  Customer Listing Synopsis




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Coldwell Banker Island Properties
3750 Wailea Alanui Drive Suite B-35
Wailea, Hawaii 96753
US

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