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Aloha ,
Market Update
Breaking news form the White House, the FHA has announced they will reduce annual mortgage insurance premiums by 0.5% bringing them down to a historical low at 0.85%. This coupled with low mortgage interest rates and 2015's relaxed loan guidelines will hugely beneficial for the housing market.
Homeowners and first time home buyers will save millions in mortgage payments making this a great time to buy. For current homeowners this is an advantageous time to refinance particularly if you bought your home within the last 20 months.
We are seeing the effects of the low interest rates coupled with high rents making it an ideal time for first time buyers to enter the market. This is the reason why homes priced in the under $750K range are the hottest segment of today’s market.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Hot new listing coming soon for a 4 bedroom 2.5 bath newly renovated home in the Legends at Maui Lani. Call for more information.
Melissa Smith R (B), Ken Smith R (S)
Market Watch
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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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598 (288)
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207 (38)
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938 (170)
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+18
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Condos
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897 (235)
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187 (26)
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1190(159)
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+3
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Land
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372 (132)
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35 (6)
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163 (24)
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NC |
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Total
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1867 (655)
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429 (70)
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2291 (353)
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+21
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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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39 Pua Niu Way
Lahaina
$1.599M (FS) |
Remodeled in 2012, this home has a fabulous floor plan with loads of outdoor living areas and a super high end finish. Look at the rest then come on over and see the best.
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45 Hale Hookipa Way
Wailea
$2.199M (FS) |
You will love the spacious, airy rooms that comprise this signature home, with lots of natural light, towering high ceilings & skylights. Everything about this house is larger-than-life, from the gracious living room with spacious lanais on three sides to the immense master suite overlooking the expansive pool deck & very large tiled pool.
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401 North Holokai Way
Haiku
$2.395M (FS) |
This gorgeous, estate-quality home on Maui’s North Shore has everything you could possibly want! This spacious 3,288 sq. ft., single-level, 4-bedroom, 3.5-bath home has been designed around the saline water pool and spa to take full advantage of the incredible ocean views.
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195 Heleuma Place
Wailea
$3.445M (FS) |
This elegant and sophisticated 4-bedroom and 4-bath home is situated on one of Wailea's very best view lots in the Wailea Kialoa Subdivision on the prestigious Heleuma Place. The home features its superior quality of construction and panoramic ocean and West Maui and Lana'i views.
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Homes Under $1M
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33 Kuuhale Place
Kahului
$455K (FS)
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Short Sale - This lovely single level home is definitely a Must See!!! Open floor plan with insulated vaulted ceilings and a walk-in closet are a plus. Laminate wood floorings and one wall air conditioner were installed in 2010.
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162 Molehulehu Loop
Kahului
$515K (FS) |
Short Sale - Corner lot with the larger 4 bedroom plan in The Legends at Maui Lani. This home features custom accents like Monier Tile roof, custom windows to let in natural light and Hardi Plank siding. Over 1800sf, in this 4 bedroom, 3 bath home with open plan main living area.
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750 Kolani Place
Wailuku
$537.7K (FS)
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Great Ocean and mountain views from this beautiful upgraded solid hollow tile home with 3 full bathrooms and huge family room. Located on cul-de-sac street, cute park located at end of street, 2 minutes from ocean, a must see!
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11 Kane Road
Haiku
$575K (FS) |
Extensive opportunity lies within this property. Very special two bedroom cottage with beautiful hardwood flooring ready for move in-plus two home sites to choose from for your main house. Both are leveled and cleared and ready for your own design.
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Vacation Condos Over $1M
Honua Kai -Konea #202
Kaanapali
$3.379M (FS) |
Enjoy true oceanfront living in this spacious 3-bedroom Residence with ample living space, an expansive lanai, and a Viking outdoor kitchen and your own private BBQ, this stunning home is perfect for entertaining.
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Wailea Point #601
Wailea
$3.7M (FS) |
Unbelievable front row 2 bedroom / 2 bath residence located at the premiere oceanfront complex, Wailea Point. This is a ground floor residence with no stairs. Absolutely stunning ocean views of the neighboring islands, Molokai and Molokini. There are beautiful bamboo floors throughout, Hawaiian koa wood cabinetry, and an oversized covered and uncovered lanai area that has security shutters.
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Wailea Point #301
Wailea
$4.795M (FS) |
Nestled between Wailea and Polo Beach, this front row oceanfront unit at Wailea Point has phenomenal ocean views. This ground floor 2 bedroom / 2 bath residence was remodeled in 2004 with the finest limestone, granite, and wood materials. The open kitchen includes top of the line appliances with a 42 in. Sub-zero refrigerator, KitchenAid trash compactor, built-in Dacor microwave and oven, Dacor stove, Bosch dishwasher, a water softener, and beautiful Hawaiian Koa wood cabinetry.
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Vacation Condos Under $1M
Papakea Resort #J-101
Napili
$399K (FS) |
One bedroom located on the ocean side of 'J' building. Easy access ground floor, corner unit, with large living room window. Ocean view across the pool & putting green. The inside has been fully updated, ceramic tile throughout and granite kitchen counter tops.
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Royal Kahana #708
Kahana
$529K (FS) |
Great Location within the Royal Kahana complex. This is a quality unit with outstanding ocean and Molokai views. Upgraded unit ready to go. Royal Kahana is a wonderful beach front complex and within easy walking distance to shops and restaurants.
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Hololani #A302
Napili
$675K (FS) |
Hololani Resort is a direct ocean front property located central to all west Maui world class attractions. Situated in Kahana midway between Kaanapali and Kapalua this location provides golf, tennis, activities, shopping and dining within minutes.
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Residential Condos
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Kamoa Views #114
Kihei
$224.9K (FS)
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Bank Owned - Great value in South Maui. Secure building with elevator, in-ground pool, BBQ area, covered parking and storage for bikes and boards. Close to several of Kihei's premier beaches, shopping and restaurants.
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Villas at Kenolio #6C
Kihei
$399.9K (FS) |
The 6C floor plan was the Developer/Builder’s favorite design. In the past this floor plan design sold for as much as $590,000. This 1,168 sq. ft. condo is the largest 3 bedrooms 2 bath and includes a spacious loft with windows on both sides.
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Kai Makani #42-103
Kihei
$488K (FS) |
Rarely available large 2 bedroom floor plan with ocean view from the lanai. This ground floor unit enjoys a tranquil garden setting. Kai Makani is known for its low density, quality construction across the street from a beautiful beach.
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Vintage at Kaanapali #53
Kaanapali
$1.225M (FS) |
Upscale living at its finest can be found at Kaanapali's exclusive gated community, The Vintage at Kaanapali, a residential condominium in the heart of Kaanapali. This desirable one-story "B" floor plan is spacious with dual master suites, large lanai and an enclosed garage.
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Na Hale O Makena #C-201
Makena
$1.695M (FS) |
Great location in this gated community of 40 residences on 6 tropical acres, a lifestyle you'll only find in Makena. This spacious three bedroom two and a half ocean view condo includes beautiful designer furnishings, granite counters, travertine flooring, and Bosh appliances.
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Vacant Land
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0 Ainakula Road
Kula
$339K (FS) |
Great location, near Kula lodge for this half acre vacant lot with water meter. There is approximately a 25-foot elevation change from street level to the top of this property. Imagine the views from a finished floor height.
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